# 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-staging.minestarters.com/news/surge-announces-start-of-2026-27-drill-program-at-nevada-north-lithium-project-i--9142e80d-bd7c-4a82-a7e8-719591a2fd4c 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: 2026-09-22T12:12:31.494Z Atlas analysis updated: 2026-09-22T12:12:31.494Z - 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 12:12:32 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 to support an upcoming Bankable Feasibility Study \(BFS\). The program includes diamond core, sonic, and RC drilling focused on pit definition, geotechnical data, and metallurgical sampling. The project holds a recent M&I resource of 657.5 Mt at 3,007 ppm Li. Reasoning: The announcement marks the start of a key drilling program intended to de-risk the project for a Bankable Feasibility Study, following a recent resource update. - Positive factor: Commencement of drilling program to support BFS - Positive factor: BLM approval received - Positive factor: Large existing resource base Facts used in scoring: 2 ## Classification and evidence **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 has 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 **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-staging.minestarters.com/news/surge-announces-start-of-2026-27-drill-program-at-nevada-north-lithium-project-i--9142e80d-bd7c-4a82-a7e8-719591a2fd4c#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 #### Deleterious - Deleterious Flag: No #### 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: Drilling has officially started to support BFS requirements. - Positive factor: Program aims to define and upgrade mineral resource #### 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-staging.minestarters.com/news/surge-announces-start-of-2026-27-drill-program-at-nevada-north-lithium-project-i--9142e80d-bd7c-4a82-a7e8-719591a2fd4c#fact-resource-facts-1) Nevada North Lithium Project · lithium #### Identity - Project: Nevada North Lithium Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada - Ticker: NILI #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Alan J. Morris - Resource group id: resource:480227f1d9880054d80d - Deposit or zone: Nevada North Lithium Project #### 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 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The resource is substantial and provides a strong foundation for the BFS. - Positive factor: Large tonnage and grade Evidence · text > 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 **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 **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.