# Noram Lithium Announces Updated Mineral Resource Estimate for Zeus Project

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--18e659c0-9390-4ed3-9ed4-a26a02f44d02

Original source: https://money.tmx.com/en/quote/NRM/news/6469778272492351/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project

Publisher: tmx

Original announcement: 2024-06-12T06:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Noram Lithium Corp.

- Ticker: NRM

- Exchange: TSX

- Region: Nevada

- Primary commodity: Lithium

- Secondary commodities: None reported

- Document categories: Resource update

- Extracted: 2026-09-14 15:32:54 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Noram Lithium has announced an updated Mineral Resource Estimate for its 100%-owned Zeus Lithium Project in Nevada. The update includes 564 million tonnes of Indicated Resources at 956 ppm lithium and 287 million tonnes of Inferred Resources at 861 ppm lithium, supported by recent Phase VII drilling.

Reasoning: The update provides a substantial lithium resource with a well-defined high-grade core and clear reporting standards.

- Positive factor: Significant tonnage increase in Indicated category

- Positive factor: High-grade core identified with strong grades

- Positive factor: NI 43-101 compliant reporting

- Positive factor: QA/QC protocols disclosed including certified lab

Facts used in scoring: 5

## Classification and evidence

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The MRE is reported in accordance with NI 43-101 guidelines.

Evidence · text

> reported in accordance with the Canadian Securities Administrators NI 43-101

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Bart Stryhas, PhD, of SRK Consulting is named as the reviewer/QP.

Evidence · text

> reviewed by Bart Stryhas, PhD, of SRK Consulting \(U.S.\) Inc.

**QA/QC Disclosed**

Polarity: positive

Story-specific tag

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release details the use of blanks, standards, and ISO-17025 accredited ALS laboratories.

Evidence · text

> includes the insertion of blanks and certified reference standards

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The lithium cut-off grade of 525ppm is explicitly stated.

Evidence · text

> Pit Constrained at a 525ppm lithium cut-off

## Extracted facts

Stored fact records: 5. Some facts used in scoring do not have a stored record.

## Resource Estimates (5)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--18e659c0-9390-4ed3-9ed4-a26a02f44d02#fact-resource-facts-0)

Zeus Lithium Project · lithium

#### Identity

- Project: Zeus Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NRM

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Bart Stryhas
- Resource group id: resource:0465feb351144af18f45
- Mining method: open\_pit
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 564000000
- Grade: 956
- Grade Unit: ppm
- Contained Metal: 2.9
- Contained Unit: million tonnes lce
- Cutoff Grade: 525
- Cutoff Unit: ppm

#### Lab

- Laboratory: ALS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-06-12T00:00:00.000Z

Reasoning: Significant indicated resource volume at meaningful grade.

- Positive factor: Large tonnage

- Positive factor: High grade for lithium claystone

Evidence · text

> Indicated Resources 2 of 564 million tonnes grading 956 ppm lithium for 2.9 million tonnes of contained Lithium Carbonate Equivalent \("LCE"\)

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--18e659c0-9390-4ed3-9ed4-a26a02f44d02#fact-resource-facts-1)

Zeus Lithium Project · lithium

#### Identity

- Project: Zeus Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NRM

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Bart Stryhas
- Resource group id: resource:ab857390ae93331bffb3
- Mining method: open\_pit
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 287000000
- Grade: 861
- Grade Unit: ppm
- Contained Metal: 1.3
- Contained Unit: million tonnes lce
- Cutoff Grade: 525
- Cutoff Unit: ppm

#### Lab

- Laboratory: ALS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-06-12T00:00:00.000Z

Reasoning: Large inferred component adds scale but carries higher geological risk.

- Positive factor: Significant additional tonnage

- Negative factor: Inferred category limits confidence

Evidence · text

> Additional Inferred Resources 2 of 287 million tonnes at 861 ppm lithium; 1.3 million tonnes of contained LCE

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--18e659c0-9390-4ed3-9ed4-a26a02f44d02#fact-resource-facts-2)

Zeus Lithium Project · lithium

#### Identity

- Project: Zeus Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NRM

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:7501d5557d2ea875c165
- Deposit or zone: High-Grade Core Zone
- Mining method: open\_pit
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 54000000
- Grade: 1496
- Grade Unit: ppm

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-06-12T00:00:00.000Z

Reasoning: Very high grade intercept within the core zone.

- Positive factor: Exceptional grade for the deposit type

Evidence · table

> 1,496

Context: 54

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--18e659c0-9390-4ed3-9ed4-a26a02f44d02#fact-resource-facts-3)

Zeus Lithium Project · lithium

#### Identity

- Project: Zeus Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NRM

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:7d275bdf4e32d394518e
- Deposit or zone: High-Grade Core Zone
- Mining method: open\_pit
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 49000000
- Grade: 1108
- Grade Unit: ppm

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-06-12T00:00:00.000Z

Reasoning: Solid medium-grade component of the core.

- Positive factor: Strong grade

Evidence · table

> 1,108

Context: 49

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--18e659c0-9390-4ed3-9ed4-a26a02f44d02#fact-resource-facts-4)

Zeus Lithium Project · lithium

#### Identity

- Project: Zeus Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NRM

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:8e31edf077bbb0e72b8a
- Deposit or zone: High-Grade Core Zone
- Mining method: open\_pit
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 64000000
- Grade: 814
- Grade Unit: ppm

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-06-12T00:00:00.000Z

Reasoning: Lower grade portion of the indicated core.

- Negative factor: Lower grade relative to core

Evidence · table

> 814

Context: 64

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.