# RESPEC Engaged to Upgrade Nevada North Lithium Mineral Resource Estimate Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/respec-engaged-to-upgrade-nevada-north-lithium-mineral-resource-estimate--765e3470-786f-436f-bcff-aa709788a338 Original source: https://money.tmx.com/en/quote/NILI/news/7498927036296267/respec-engaged-to-upgrade-nevada-north-lithium-mineral-resource-estimate Publisher: tmx Original announcement: 2026-03-24T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Surge Battery Metals Inc. - Ticker: NILI - Exchange: TSX - Region: Nevada - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-14 15:00:56 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Surge Battery Metals has engaged RESPEC to update the Nevada North Lithium Project's Mineral Resource Estimate, aiming to convert Inferred resources to Measured and Indicated categories. This update is intended to provide high-confidence data for the ongoing Pre-Feasibility Study being conducted by Fluor Corporation. Reasoning: The announcement is a procedural update regarding the engagement of a consultant to upgrade an existing resource, which is a standard de-risking step for a project at the PFS stage. - Positive factor: Engagement of RESPEC to upgrade resource confidence - Positive factor: Successful 2025 drill program completed - Positive factor: Conversion of Inferred to M&I categories planned to support PFS Facts used in scoring: 1 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The current resource is stated as being in the Inferred category, which the company intends to upgrade. Evidence · text > conversion of a significant portion of the current Inferred resource into the higher-confidence Measured and Indicated categories **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The company has engaged a consultant to perform an updated Mineral Resource Estimate. Evidence · text > engaged RESPEC to complete an updated Mineral Resource Estimate \(MRE\) ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/respec-engaged-to-upgrade-nevada-north-lithium-mineral-resource-estimate--765e3470-786f-436f-bcff-aa709788a338#fact-resource-facts-0) Nevada North Lithium Project · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Nevada North Lithium Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada - Ticker: NILI #### Resource scope - Estimate type: resource - Resource group id: resource:9021791de8e6717eee4b #### Resource Data - Category: inferred - Tonnes: 11240000 - Grade: 3010 - Grade Unit: ppm Li - Cutoff Grade: 1250 - Cutoff Unit: ppm Li #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-03-24T00:00:00.000Z Reasoning: The release restates the current Inferred resource parameters as the baseline for the upcoming update. - Positive factor: High grade \(3010 ppm Li\) - Negative factor: Speculative category \(Inferred\) Evidence · text > pit-constrained Inferred Resource containing an estimated 11.24 Mt of Lithium Carbonate Equivalent \(LCE\) grading 3010 ppm Li at a 1,250-ppm cutoff #### 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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## 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.