Iconic Minerals Ltd V.ICM

Alternate Symbol(s): ICMFF

Metals & Mining Industrial Metals & Minerals

Iconic Minerals Ltd. is a mineral exploration company focused on acquiring and exploring gold and lithium properties in Nevada and Canada. The Company holds highly prospective gold exploration properties in Nevada with the potential to host both Carlin-type and Round Mountain style gold/silver deposits. The Company, through option agreements, holds 50% interests in the New Pass and Midas South properties located in Nevada. The New Pass Gold Property consisting of about 107 unpatented mineral claims is located in Eastern Churchill County, Nevada. The Midas South property is located in the Ivanhoe Mining District, four miles northwest of the Hollister Deposit. Its lithium properties include Smith Creek Lithium Property and Grass Valley Property. In Smith Creek Lithium Property, it controls about 808 placer claims totaling 25.25 square miles over a major gravity low. The Grass Valley Property is a lithium exploration project consisting of approximately 997 placer claims.

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Iconic Minerals Ltd > Bonnie Claire PEA Released

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Comment by IvanRoon Nov 24, 2022 11:16am

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Post# 35125176

RE:RE:RE:Bonnie Claire PEA Released

Agree with a merger on Nevada.

Interesting that they are pricing the Lithium Carbonate Equivalent at $13,400/t... Noting, that the product will be battery grade per the PEA.

Also, PEAs are notoriously out of kilter with so would expect a cost variance of about plus 20% which doesn't help the payback period but it does have a very very long mine life (which would benefit a larger miner).

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