Ann: Field Exploration Commences at Nevada Lithium Prospects, page-4

Been doing some research on the surrounding deposits shown in Figure 2, at the very least we are in the right neighbourhood.



Montezuma well has the highest chance of returning something promising based off of nearology IMO, "The Montezuma Well Prospect is located 2km west of American Lithium Corporation’s TLC deposit and 4km north of American Battery Technology’s recently announced Tonopah Flats discovery."

Just a quick look at surface level:
American Battery Technology (OTCMKTS: ABML) has a MC of ~AU$800m.
American Lithium Corp. (TSX.V:LI / NASDAQ: AMLI) has a MC of ~AU$630m.

This is how the tenement is situated using ABML's satellite image as a point of reference (I couldn't find how large Montezuma well tenement was so the size of the tenement may not be to scale, it is definitely smaller though - but the distances between them are to scale.) The red stars over the Tonopah Flats image are exploration/drill sites.


Now their Li claystone deposits aren't the sole focus, there are other projects contributing to their hefty MC's - but both projects from what I have researched are economically viable and are at the stages of commissioning production. For anyone who is interested in the numbers they are looking at for production, just to get an idea of the scale of these projects:

For ABML I found this breakdown of their costs/profit etc for the project:


For AMLI here is their Feasibility study for the project:
https://americanlithiumcorp.com/american-lithium-announces-positive-preliminary-economic-assessment-for-tlc-base-case-after-tax-npv8-us3-26-billion-after-tax-irr-of-27-5/


There is not much surrounding the Big Smoky Valley tenement so there isn't any exceptionally close nearology. However it is the larger of the two tenements so it has that going for it. Ioneer's (ASX:INR) Rhyolite Ridge is referenced as being 30km away and they sit at an AU$700m MC and are also on the cusp of producing from their deposit. Then Albermarle's (NYSE:ALB) Silver Peak is 20km away and they are a juggernaut in the Li industry at an AU$37.5B MC.

These companies are obviously extremely advanced in their timelines comparatively, but the reason I'm highlighting these metrics is that WC1 at a measly AU$10m MC has secured tenements in a tier-1 lithium district surrounded by companies trading at many multiples, risk vs reward is enticing at these levels.

"Areas host similar geology to known major lithium deposits in the region" Both tenements have promise based off of this comment, but with the Montezuma well tenement basically a stones throw away from two notable and economically viable deposits in the region I cant help but think there is significant potential there.

The fieldwork only just commenced a couple days ago so we still have over a month of waiting most likely - but as we edge closer to the 5-6 week mark I'll see if I can dig up the fieldwork carried out on the surrounding deposits to use as comparison.