# Surge Announces Start of 2026/27 Drill Program at Nevada North Lithium Project in Support of the Bankable Feasibility Study \(BFS\) Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/surge-announces-start-of-2026-27-drill-program-at-nevada-north-lithium-project-i--4de6f6c2-fadc-4ecd-bdc7-ef78c07e056b Original source: https://orestocks.com/company/NILI.V/press-releases/7474851122653469 Publisher: orestocks Original announcement: 2026-09-22T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Surge Battery Metals Inc. - Ticker: NILI - Exchange: Unavailable - Region: Nevada - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Drill results, Resource update - Extracted: 2026-09-22 11:20:20 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Surge Battery Metals has commenced its 2026/27 drill program at the Nevada North Lithium Project following BLM approval. The program is designed to support the upcoming Bankable Feasibility Study \(BFS\) through resource definition, geotechnical, and metallurgical drilling. Reasoning: The announcement marks the transition from exploration/PFS towards BFS by mobilizing drilling and geotechnical/metallurgical programs, supported by a substantial existing resource. - Positive factor: Commencement of a significant drill program to support BFS - Positive factor: BLM approval received for the program - Positive factor: Existing large-scale M&I resource reported Facts used in scoring: 2 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The program aims to define and upgrade the mineral resource. Evidence · text > The program will continue to define and upgrade the mineral resource **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release names a Qualified Person \(Alan J. Morris\) who reviewed and approved the technical aspects. Evidence · text > Alan J. Morris, MSc, CPG... a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document references an updated Mineral Resource Estimate filed June 30, 2026. Evidence · text > The Project's updated Mineral Resource Estimate, filed June 30, 2026 ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/surge-announces-start-of-2026-27-drill-program-at-nevada-north-lithium-project-i--4de6f6c2-fadc-4ecd-bdc7-ef78c07e056b#fact-drill-facts-0) Nevada North · lithium Needs review: drill\_no\_hole\_id #### Identity - Project: Nevada North - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NILI #### Classification - Program: resource - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a planned program announcement rather than completed assay results. - Positive factor: Comprehensive program covering geotechnical, hydrogeological, and metallurgical needs Evidence · text > Surge Announces Start of 2026/27 Drill Program at Nevada North Lithium Project #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ## Resource Estimates (1) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/surge-announces-start-of-2026-27-drill-program-at-nevada-north-lithium-project-i--4de6f6c2-fadc-4ecd-bdc7-ef78c07e056b#fact-resource-facts-1) 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:a3087692c7236b4709b9 #### Resource Data - Category: indicated - Tonnes: 657500000 - Grade: 3007 - Grade Unit: ppm - Contained Metal: 10.5 - Contained Unit: mt lce - Cutoff Grade: 1250 - Cutoff Unit: ppm #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-30T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a restatement of the June 30, 2026 estimate provided for context. - Positive factor: Large tonnage resource - Positive factor: High grade \(3007 ppm Li\) Evidence · text > The Project's updated Mineral Resource Estimate, filed June 30, 2026, reports a pit-constrained Measured and Indicated Resource of 657.5 Mt grading 3,007 ppm Li containing 10.5 Mt of Lithium Carbonate Equivalent \("LCE"\) at a cutoff grade of 1,250 ppm Li. #### 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 **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 **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.