Quote: What will happen next.... Hi fellow investors,
looks to me like a novelty and it’s hard to find throughout whole junior space but Surge Battery’s management again taking the lead by providing a direct comunication line to their retail investors and shareholders via ceo.ca/nili board.
This just shows the strong integrity and reliability of nili and the connection with the nili investor community and it's a great sign of trust for us investors and very supportive.
A smart move, but long overdue, because it goes a long way to disproving all the manipulations and attemps of gaslightings against NILI last season.
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This is a @SurgeBatteryMetals-IR's response to a poster on the CEO board yesterday….
Quote: “What will happen next”
Preliminary Economic Assessment (PEA): Surge is currently undertaking a PEA study based on the updated and upgraded resource estimate, with a targeted completion date in Q1 2025. We expect big numbers similar to or better than LAC’s Thacker Pass Feasibility Study (US$5.7B NPV8).
• Exploration Plan of Operations Permit and Infill Drill Program: Surge is currently working with the BLM on the ePOO permit application, which they are expected to receive in Q4 2024/Q1 2025. Preliminary designs of the expanded 2025 infill drill program are complete. The program aims to convert the majority of inferred resources to indicated and measured resources by the end of 2025. Drill results will be announced throughout H2 2025.
• Q1 2026 Resource Update and Bankable Feasibility Study in 2026: The 2025 drill program will feed into a Q1 2026 resource update, which will contain the first measured and indicated resources and form the basis of a bankable feasibility study due the same year. Surge plans to go straight from PEA to BFS.
I love this straightforward, fact-based and pragmatic approach. Thank you very much.
And by the way, good news....
Keep up your good spirit
George