# Noram Lithium Announces Updated Mineral Resource Estimate for Zeus Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--4c7c0298-819e-4055-a83c-954820149cd1

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: 2026-08-22 03:44:36 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Noram Lithium has announced an updated Mineral Resource Estimate for the Zeus Lithium Project in Nevada, featuring 564 million tonnes of Indicated Resources at 956 ppm lithium. The update highlights a high-grade core zone and includes 287 million tonnes of additional Inferred Resources.

Reasoning: The update reports a substantial Indicated resource of 564 Mt at 956 ppm Li, supported by recent Phase VII drilling and high-grade core delineation.

- Positive factor: Significant tonnage increase in Indicated resources

- Positive factor: High-grade core identified

- Positive factor: QA/QC disclosed with certified lab

- Positive factor: NI 43-101 compliant

Facts used in scoring: 5

## Classification and evidence

**Indicated Resource**

Polarity: positive

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

Why it applies: The report specifies 564 million tonnes of Indicated Resources.

Evidence · text

> Indicated Resources 2 of 564 million tonnes

**Inferred Resource**

Polarity: negative

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

Why it applies: The report specifies 287 million tonnes of Inferred Resources.

Evidence · text

> Additional Inferred Resources 2 of 287 million tonnes

**NI 43-101 Compliant**

Polarity: positive

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

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

Evidence · text

> is 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 Independent Qualified Person.

Evidence · text

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

**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 cut-off grade of 525ppm lithium is explicitly stated.

Evidence · text

> Pit Constrained at a 525ppm lithium cut-off

**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

## 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-staging.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--4c7c0298-819e-4055-a83c-954820149cd1#fact-resource-facts-0)

lithium

#### Identity

- Commodity: lithium
- Ticker: NRM

#### Resource Data

- Category: indicated
- Tonnes: 564000000
- Grade: 956
- Grade Unit: ppm
- Contained Metal: 2900000
- Contained Unit: t LCE

#### Review

- Needs Review: No
- Historical: No

#### Dates

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

Reasoning: Indicated resource of 564 Mt at 956 ppm Li is a significant scale for the project.

- Positive factor: Large tonnage

- Positive factor: High grade for claystone

Evidence · text

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--4c7c0298-819e-4055-a83c-954820149cd1#fact-resource-facts-1)

lithium

#### Identity

- Commodity: lithium
- Ticker: NRM

#### Resource Data

- Category: inferred
- Tonnes: 287000000
- Grade: 861
- Grade Unit: ppm
- Contained Metal: 1300000
- Contained Unit: t LCE

#### Review

- Needs Review: No
- Historical: No

#### Dates

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

Reasoning: Large inferred resource adds significant 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--4c7c0298-819e-4055-a83c-954820149cd1#fact-resource-facts-2)

lithium

#### Identity

- Commodity: lithium
- Ticker: NRM

#### 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: High-grade core component of the indicated resource shows very strong grades.

- Positive factor: Exceptional grade for the deposit type

Evidence · table

> 1,496

Context: 54

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--4c7c0298-819e-4055-a83c-954820149cd1#fact-resource-facts-3)

lithium

#### Identity

- Commodity: lithium
- Ticker: NRM

#### 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: Medium grade component of the high-grade core.

- Positive factor: Solid medium-grade material

Evidence · table

> 1,108

Context: 49

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/noram-lithium-announces-updated-mineral-resource-estimate-for-zeus-project--4c7c0298-819e-4055-a83c-954820149cd1#fact-resource-facts-4)

lithium

#### Identity

- Commodity: lithium
- Ticker: NRM

#### 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: Low grade component of the indicated core zone.

- Negative factor: Lower grade component

Evidence · table

> 814

Context: 64

## 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.