Lida Valley Lithium Project Overview
A Basin-Scale Lithium System in Nevada
The Lida Valley Lithium (LVL) Project represents a large, structurally controlled lithium clay system located in one of the most prospective lithium jurisdictions in the United States.
The project consolidates a significant land position across the Lida Valley basin, where drilling has confirmed the presence of thick, laterally continuous lithium-bearing claystone units. These results, combined with geophysical data and regional geological interpretation, indicate the potential for a district-scale lithium system with substantial expansion potential at depth.
18,000+Acres
Land Position
8,500 +
Acres of Target Zone
Across all claims
Clay-Hosted Lithium
Lacustrine Basin System
La
Active Exploration
3 years of active drilling with geophysics and planned drilling set for 2026
What Makes the Lida Valley Lithium Project Stand Out?
Basin-Scale Consolidation
The LVL, EZ, and Gemini claim blocks combine into a unified lithium system, controlling a large portion of the basin.
Exceptional Thickness
Drilling has confirmed lithium-bearing clay intervals ranging from hundreds to over 1,000 feet in thickness.
Expansion Potential
Large portions of the basin remain untested, particularly at depth and between known mineralized areas.
Consistent Mineralization
Multiple drill campaigns have returned strong lithium grades across separate zones of the project.
Validated Targeting
Geophysical surveys show strong correlation with drilling, increasing confidence in undrilled targets.
877 ppm Li
Average Grade
(All Clay Intercepts)
8,500 +
Acres of Target Zone
Across all claims
1,400 ft
Maximum Clay Thickness
22
Drill Holes Completed to date
Across LVL, EZ, and Gemini
Geological Model: A Structurally Controlled Lithium Basin
The Lida Valley Lithium (LVL) Project represents a large, structurally controlled lithium clay system located in one of the most prospective lithium jurisdictions in the United States.
The project consolidates a significant land position across the Lida Valley basin, where drilling has confirmed the presence of thick, laterally continuous lithium-bearing claystone units. These results, combined with geophysical data and regional geological interpretation, indicate the potential for a district-scale lithium system with substantial expansion potential at depth.
Image of fault interpretation model by Nevada Sunrise including the Gemini basin (Western Basin) and the Eastern Basin (depression on the left LVL + EZ claim blocks)
Geological modeling suggests that the LVL and Gemini basins are connected by a structural corridor or “bridge” of lithium-bearing claystone. This interpretation is supported by drilling results and regional geophysical data.
The combined dataset now indicates the potential for a large, contiguous lithium claystone system across the Lida Valley basin.
Future exploration will focus on:
testing basin geometry with geophysics
expanding lithium-bearing claystone domains
advancing drilling toward resource definition
Lithium mineralization at the Lida Valley Lithium Project occurs within green lacustrine claystones deposited in an ancient closed basin environment.
The basin stratigraphy typically consists of:
Qal — Alluvium (surface sediments)
Tsu — Upper Basin Sediments
Gc / Gtf — Lithium-bearing claystone (primary host unit)
Tsl — Lower Basin Sediments
Tf — Stonewall Flat Tuff marker horizon
Paleozoic Baseme
Exploration drilling has confirmed that lithium mineralization occurs within the green claystone horizons (Gc/Gtf), which display significant thickness and lateral continuity across multiple drill sites.
Picture of GEM25-06 Chip trays from 300ft to 1000ft
District-Scale Land Position
Key project statistics include:
Total Project Area: ~18,000 acres
Mining Claims: 849 unpatented BLM claims
Claim Blocks: LVL, EZ, and Gemini
Drillholes Completed: 22
Host Deposit Type: Clay-hosted lithium within lacustrine basin sediments
This unified land position provides control over the basin floor, structural margins, and multiple interpreted deep basin lows believed to host thick lithium-bearing clay sequences.
Drilling Confirms Lithium Mineralization Across Multiple Zones of The Project
Exploration drilling across the Lida Valley Lithium Project has confirmed the presence of lithium-bearing claystone within a consistent stratigraphic horizon across multiple areas of the basin. Drilling completed between 2024 and 2025 intersected thick intervals of green lacustrine claystone containing elevated lithium values within the LVL and EZ claim blocks.
These claystone units occur within the Gc and Gtf stratigraphic units, which represent the primary lithium-bearing horizons within the basin sedimentary sequence. The mineralized clay stones occur beneath upper basin sediments and above deeper basin deposits and the regional Stonewall Flat Tuff marker horizon.
2023 — Initial Reconnaissance on the LVL Block
The Company completed its first reconnaissance drill campaign on the LVL claim block in 2023 to establish stratigraphic context and basin geometry. While lithium values encountered during this phase were below the 400-ppm cutoff and mineralized claystone thickness was limited, the program successfully defined key basin architecture, confirmed stratigraphic position relative to the target horizon, and materially refined drill targeting. These results directly guided the design and placement of subsequent drill programs that led to the first confirmed lithium-bearing claystone intersections in 2024.
2024 — Confirmation of Lithium-Bearing Claystone
The 2024 drill campaign marked a pivotal advancement for the LVL Project, successfully intersecting laterally continuous lithium-bearing green claystone within the targeted stratigraphic horizon. Drilling demonstrated consistent grade and thickness across multiple sites, establishing a coherent geological framework for systematic step-out drilling and targeted land expansion. Subsequent publication of an Inferred Mineral Resource for the adjacent Gemini project in a NI 43-101 Technical Report — totaling approximately 7,127,476 tonnes of lithium carbonate equivalent (LCE) at a 400 ppm lithium cutoff — further strengthened the interpretation of a large, contiguous lithium clay system extending across the broader Lida Valley structural corridor. When integrated with gravimetric data, the results indicated southward continuation of the mineralized system and suggested structural connectivity between the LVL and Gemini basins through a potential lithium-bearing “bridge” zone.
2025 — Expansion Through EZ Block / Gemini Acquisition and Continued Drilling
Acting on the insights from 2024, In March 2025, B&N Mining expanded its land position through the acquisition of the EZ Block, located south of the original LVL claims and Gemini Project. The EZ Block comprises of approximately 6600 acres covering 323 unpatented mining claims, extending control across the western portion of the valley and securing the southern extent of the LVL structural basin. During the 2025 drilling program, drill holes LVL25-01 through LVL25-06 further defined the lateral extent of lithium-bearing claystone and constrained the eastern boundary of the shallow mineralized system. Two additional drill holes drilled in early fall 2025, LVL25-07 and LVL25-08, also intersected lithium-bearing green claystone, with assays pending for LVL25-08.
2025 — Acquisition of the Gemini Project and Deep Basin Context
In mid-2025, B&N Mining acquired the Gemini Project, comprising approximately 4500 acres covering 223 unpatented mining claims, along with a dataset of five deep historical drillholes completed between 2022 and 2023 and multiple geophysical surveys. The Gemini drillholes demonstrate exceptionally thick lithium-bearing claystone developed within deeper structural lows of the same Lida Valley Basin system, providing important depth context to the shallower LVL and EZ results. Following acquisition, B&N Mining drilled GEM25-06 and GEM25-07 in fall 2025. Both holes encountered substantial claystone intervals; assays are pending.
Three-Year Exploration Summary
Staged Advancement Strategy
The Lida Valley Lithium Project is being advanced through a disciplined, phased exploration and evaluation framework.
With basin architecture established, lithium-bearing clay horizons confirmed, and a unified 849-claim land position secured, the project is transitioning into systematic expansion and data-density refinement.
The next phase of advancement is focused on:
Step-out drilling across under-tested basin corridors
Infill drilling to improve stratigraphic continuity and geological confidence
Ongoing validation and technical review of legacy drilling data
Progressive technical work supporting resource definition
This staged approach is designed to reduce geological uncertainty in a controlled manner while positioning the project for long-term development optionality within Nevada’s established regulatory framework.
Technical summaries and supporting datasets are available upon execution of a Non-Disclosure Agreement.
Project Vision
The Lida Valley Lithium Project is being advanced as a large-scale lithium development opportunity, with the goal of:
Defining a significant clay-hosted lithium resource
Expanding mineralization across the basin
Demonstrating economic potential through scale and continuity
