Kibby Basin Project, Nevada
The 16 x 160 acre claims and 31 x 20 acre units – totalling 3,180 acres of property located in the Kibby Basin 65 km north of Clayton Valley in the Monte Criscto Valley in Esmeralda County, Nevada.
Geologic research of the Kibby Basin has indicated that proximal rhyolitic flows and tuffs surrounding the basin could be a potential source for the possibility of saturated Li brine in the Kibby Basis Playa. In addition to this, the Kibby Playa is located within a geothermal cluster, at a basin low setting. Regional geophysical signatures in the area reflect similar anomalies comparative to that of the Clayton Valley, where Pure Energy Minerals (TSX.V: PE) has defined the largest Lithium (Li) Carbonate Equivalent (LCE) NI 43-101 Resource in the Clayton Valley, next to the only producing lithium mine (Albemarle’s –NYSE: ALB; Silver Peak Mine) in North America.
Nevada enjoys unmatched infrastructure, consistent permitting protocols, a social license to operate and a safe operating environment. Nevada is home to Tesla’s $5 billion lithium-ion battery and electric vehicle component Gigafactory completed in 2020. The facility, located outside Reno, is owned and operated by Tesla Inc., and supplies the battery packs for the company’s electric vehicles.