Nevada Lithium Projects
Reedy Lagoon is exploring for lithium in the Clayton Valley area in Nevada, USA.
The identification of increasing demand for lithium, and the prospect of emerging new processing technologies for extracting lithium from brines, led to Reedy Lagoon developing projects in Nevada, USA in late 2016. As at 1 September 2021 the Company held 2 project areas located in Nevada where it is exploring for lithium. The project areas are in closed geological basins which share similar geology with Clayton Valley in which North America's only lithium producing brine operation is located (Silver Peak).
The lithium brine projects are:
Alkali Lake North:
334 placer claims - 6,415 acres (2,596 ha)
112 placer claims - 2,240 acres (906 ha)
The two projects cover a combined area of 3,502 hectares (8,655 acres) under 446 placer claims. All the placer claims are 100% owned and there are no royalty arrangements.
Reedy Lagoon's projects are located within 50 kilometres of the Silver Peak Lithium brine operation owned by Albemarle Corp. which is located 360 kilometres by road (US-95 route) from the Tesla Gigafactory (Lithium-ion batteries) in Reno.