Iconic Receives JV Lithium Partner Phase One Funds Totaling USD$1,600,000 Vancouver, British Columbia--(Newsfile Corp. - March 26, 2021) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") announces that the Company has received Phase I funds totaling USD $1,600,000 and Nevada Lithium Corp. ("Nevada Lithium") has now obtained a 20% interest in the joint venture on the Bonnie Claire Property. Iconic, through its wholly owned subsidiary, Bonaventure Nevada Inc. ("Bonaventure") granted Nevada Lithium the option (the "Option") to earn up to a 50% interest in the Bonnie Claire lithium property located in Nye County, Nevada (the "Bonnie Claire Property"). See the news release dated December 15, 2020. Pursuant to the Option Agreement, Nevada Lithium may exercise the Option in three stages by funding USD $5,600,000 in cumulative exploration expenditures on the Bonnie Claire Property on or before October 1, 2021. Bonnie Claire Property The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Drill results from the salt flat have included lithium values as high as 2550 ppm Li and a 1560 foot (roughly 475 meter) vertical intercept that averaged 1153 ppm Li. The current 43-101 report on the project notes that, with a cutoff grade of 600 ppm Li and average grade of 1,027 ppm Li, one square mile contains an inferred resource of 5.025 billion kilograms Li (though this is a resource, not a reserve, and has not yet proven economic viability). The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 74 km2 (28.6 mi2) with potential for brine systems and further sediment resources. Qualified Person Richard Kern, Certified Professional Geologist, a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Kern is not independent of the Company as he is the Chief Executive Officer of Iconic. On behalf of the Board of Directors SIGNED: "Richard Barnett" Richard Barnett, CFO and Secretary Contact: Keturah Nathe, VP Corporate Development (604) 336-8614 For further information on Iconic, please visit our website at www.iconicminerals.com. The Company's public documents may be accessed at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. https://ceo.ca/@newsfile/iconic-receives-jv-lithium-partner-phase-one-funds
Iconic Initiates Plan of Operations Permitting for Bonnie Claire Lithium Project Vancouver, British Columbia--(Newsfile Corp. - April 14, 2021) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce it has begun total project scale permitting at the Bonnie Claire project located 48 km (30 miles) north of Beatty, Nevada. The permit, known as a Plan of Operation will allow exploration and development of the project for the next several years. Iconic has engaged EM Strategies Inc. of Reno, Nevada to create the Plan of Operations. The study will permit the following: An all-weather access road into the project site Access to 39 proposed future drill sites Trenching for bulk samples A proposed facility site Other work, currently in progress, includes completion of an updated NI43-101 resource report by Global Resource Engineering Ltd. (GRE) of Denver, Colorado. The report is expected within the next week. Work also continues on the Preliminary Economic Assessment (PEA) and further metallurgical testing. Bonnie Claire Property The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Drill results from the salt flat have included lithium values as high as 2550 ppm Li and a 1560 foot (roughly 475 meter) vertical intercept that averaged 1153 ppm Li. The current 43-101 report on the project notes that, with a cutoff grade of 600 ppm Li and average grade of 1,027 ppm Li, one square mile contains an inferred resource of 5.025 billion kilograms Li (though this is a resource, not a reserve, and has not yet proven economic viability). The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 74 km2 (28.6 mi2) with potential for brine systems and further sediment resources. Qualified Person Richard Kern, Certified Professional Geologist, a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Kern is not independent of the Company as he is the Chief Executive Officer of Iconic. On behalf of the Board of Directors SIGNED: "Richard Kern" Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 336-8614 For further information on Iconic, please visit our website at www.iconicminerals.com. The Company's public documents may be accessed at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. https://ceo.ca/@thenewswire/st-georges-received-latest-shipment-of-bulk-test-material
St-Georges Received Latest Shipment of Bulk Test Material from Iconic Montréal – TheNewswire - April 7, 2021 – St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (CNSX:SX.CN) (FSE:85G1) is pleased to disclose that it has received the latest shipment of bulk material from Iconic’s (TSXV:ICM) Bonnie Claire Lithium Project in Nevada. As previously reported, St-Georges’ metallurgists were able to concentrate through mineral processing and selective leaching the original feedstock by 25 folds, down to 4% of its initial mass where 99.99% of the lithium was leached into solution after 5 minutes at low temperature and normal atmospheric pressure. Work on the Bonnie Claire Lithium Project material will now resume along side the on-going work being conducted on other hard rock lithium resources. Current efforts of flow sheet optimisation will focus on front-end challenges, like concentration, and also on the later purification stage, where testing of a newly designed bounding solution should reduce the number of steps required to achieve a 99%+ lithium purity. Current hypothesis developed using an array of lithium feedstocks from different sources indicate the whole closed-loop initial cycle allows a recovery rate of 90% or better. Reprocessing of the lithium bearing proprietary acid-blend solution eventually achieves higher total recuperation and achieves battery grade purity. ON BEHALF OF THE BOARD OF DIRECTORS "Enrico Di Cesare" ENRICO DI CESARE President & CEO of St-Georges Metallurgy & Director & VP R&D St-Georges Eco-Mining https://ceo.ca/@thenewswire/st-georges-received-latest-shipment-of-bulk-test-material
Iconic Insights - April 2021 Dear Supporter of Iconic Minerals, We appreciate your interest in Iconic Minerals Ltd. Please let us know if you have any questions, concerns or suggestions. Your feedback is important to ensure you accurate and timely information related to the company's status and progress. We have attached our periodic, titled "Iconic Insights" to keep you in the loop of activities and events Iconic Minerals has ongoing. Click here or on the above image to view Thank-you for your time, Ronald E Hughes Corporate Communications I C O N I C USA 360. 223. 9473 [email protected]
Iconic Initiates Plan of Operations Permitting for Bonnie Claire Lithium Project Vancouver, British Columbia--(Newsfile Corp. - April 14, 2021) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce it has begun total project scale permitting at the Bonnie Claire project located 48 km (30 miles) north of Beatty, Nevada. The permit, known as a Plan of Operation will allow exploration and development of the project for the next several years. Iconic has engaged EM Strategies Inc. of Reno, Nevada to create the Plan of Operations. The study will permit the following: An all-weather access road into the project site Access to 39 proposed future drill sites Trenching for bulk samples A proposed facility site Other work, currently in progress, includes completion of an updated NI43-101 resource report by Global Resource Engineering Ltd. (GRE) of Denver, Colorado. The report is expected within the next week. Work also continues on the Preliminary Economic Assessment (PEA) and further metallurgical testing. Bonnie Claire Property The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Drill results from the salt flat have included lithium values as high as 2550 ppm Li and a 1560 foot (roughly 475 meter) vertical intercept that averaged 1153 ppm Li. The current 43-101 report on the project notes that, with a cutoff grade of 600 ppm Li and average grade of 1,027 ppm Li, one square mile contains an inferred resource of 5.025 billion kilograms Li (though this is a resource, not a reserve, and has not yet proven economic viability). The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 74 km2 (28.6 mi2) with potential for brine systems and further sediment resources. Qualified Person Richard Kern, Certified Professional Geologist, a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Kern is not independent of the Company as he is the Chief Executive Officer of Iconic. On behalf of the Board of Directors SIGNED: "Richard Kern" Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 336-8614 For further information on Iconic, please visit our website at www.iconicminerals.com. The Company's public documents may be accessed at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. https://ceo.ca/@newsfile/iconic-initiates-plan-of-operations-permitting-for
Iconic Files Notice of Intent to Drill at Smith Creek Lithium Project, Nevada Vancouver, British Columbia--(Newsfile Corp. - June 1, 2021) - Iconic Minerals Ltd. (TSXV: ICM) (OTC: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce it has initiated permitting its Smith Creek Lithium Project, 37 miles southwest of Austin, Nevada, for drilling. The Notice of Intent (NOI) will permit the drilling of 5 RC holes to a depth of 122 meters (400 feet). These holes are designed to test the sediments and ground waters for lithium. Previous drilling conducted by the United States Geologic Survey (USGS) for ground water evolution studies noted shallow brines in the drill area, though none were assayed for lithium. Lithium baring salts and sediments may also be present, as salts around nearby hot springs at the edge of Iconic's claim block have assayed up to 470 ppm Li. The Magnetotellurics (MT) geophysical survey conducted at the project also shows high conductivity material in the subsurface, from surface to a maximum of 1.3 kilometers in depth, which may indicate a salty sediment or brine response. The initial drill program covered by the NOI targets 3 distinct potential targets. The first hole is in the northern zone, with the lowest resistivities seen near surface, and where USGS drilling showed lower (<7) pH values. The next two holes target a large northwest trending structure in the middle of the claim block and the fluids that potentially pool against/in it. This zone shows higher pH values (8.1-9.2), but also has the lowest magnesium to sodium ratios of the USGS holes that intercepted brine. Lastly, the southern zone will test the area with the most saline brines discovered by the USGS, and a strong near surface MT response. All proposed holes are on a mud flat devoid of vegetation which should limit environmental concerns and provide easy access. Smith Creek Property The Smith Creek Property is located within Smith Creek Valley, which is approximately 60 km (37 miles) long and 16 km (10 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Surface sampling around hot springs on patented ground just off the claim block assayed a maximum of 470 ppm Li. The gravity low within the valley is 16 km (10 miles) long, and the current estimates of depth to basement rocks range from 1,300 to 1,500 meters (4,200 to 5,000 feet). The current claim block covers an area of 46 km2 (17.8 mi2) with potential for brine systems and further sediment resources. Qualified Person Richard Kern, Certified Professional Geologist, a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Kern is not independent of the Company as he is the Chief Executive Officer of Iconic. On behalf of the Board of Directors SIGNED: "Richard Kern" Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 336-8614 For further information on Iconic, please visit our website at www.iconicminerals.com. The Company's public documents may be accessed at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. https://ceo.ca/@newsfile/iconic-files-notice-of-intent-to-drill-at-smith-creek
Iconic Releases Resource Report That May Indicate Bonnie Claire Is the Largest Known Lithium Resource in North America Vancouver, British Columbia--(Newsfile Corp. - September 1, 2021) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce it has released an updated NI 43-101 resource report for the Bonnie Claire project (the "Property") located 48 km (30 miles) north of Beatty, Nevada. The report was done by Global Resource Engineering Ltd. ("GRE") of Denver, Colorado. Modelling the resource using two open pits in areas of shallow higher grade lithium mineralization along with borehole mining of deeper high grade mineralization GRE calculated an Inferred Resource estimate of 18.68 million tonnes of Lithium Carbonate Equivalent (LCE) (the "Resource"). This Resource is significantly larger than identified resources reported by other lithium companies in Nevada. GRE reported using data collected from drilling results of three deep drill holes (average 550 meters or 1,800 feet) and seven shallow drill holes (average 90 meters or 300 feet) drilled to date. The resource estimate was completed using Leapfrog® Geo and Leapfrog® Edge software. GRE used three estimation methods to model Li grade into a block model: inverse distance to the second power (the "ID2"), ordinary Kriging (Kr), and nearest neighbor (NN). The block model was validated and classified as the inferred resource." For the shallow, pit constrained resource, GRE generated pit shells using Lerchs-Grossman "pit optimizer" software, where two open pits on the Property were defined. The first identified pit is located under the shallow portion of deep hole BC 1601 and the second identified pit is located under the shallow drill holes BC 2001C, BC 2003 and BC 2006, at 3,000 meters (9,800 feet) to the south. GRE designed the pits based on experience and benchmarking against similarly defined projects. GRE states it "considers that the two blocks located within the resulting conceptual pit envelope show "reasonable prospects for economic extraction" and can be reported as a mineral resource". The Resource is reported in the table below which was extracted from the NI 43-101 technical report. For the deeper, potentially borehole mineable and much larger resource, GRE used past experience with the technique to define the resource. Pressurized water is pumped down a large diameter drill holes and used to liquify the soft lithium-bearing sediment that is then pumped to the surface for milling or treated by in situ leaching. A large void is formed which is then filled with waste rock. For the mineral resource that may be potentially borehole mineable GRE assumes a 60% mining recovery, but do not include mining dilution, plant recovery, refining penalties, or pit constraints. This resource is also reported in the table. It should be noted that these results are mineral resources and not "mineral reserves". A prefeasibility study or feasibility study is required to state Mineral Reserves. Iconic and its JV partner, Nevada Lithium Resources Inc. have nearly completed a Preliminary Economic Assessment (PEA) also being done by GRE. Results will be released as soon as the report is finalized. Richard Kern, Iconic's President and CEO, stated, "I am pleased that the updated 43-101 report shows such a significant mineral resource at Bonnie Claire from such a small number of drill holes. This project is beginning to get the attention it deserves, and I look forward to our upcoming PEA." Bonnie Claire Mineral Resource Estimate Cut-off grade of 500 ppm Li The effective date of the Mineral Resource is May 3, 2021. The Qualified Person for the estimate is Terre Lane of GRE. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Numbers in the table have been rounded to reflect the accuracy of the estimate and may not sum due to rounding. The Mineral Resource is based on an assumed lithium price of 9,000 $/tonne Li2CO3, and Li2CO3 to lithium ratio of 5.323 For the Open-pit constraint - assumed mining cost of 2.0 $/tonne, assumed processing cost of 17.00 $/tonne , an assumed metallurgical recovery of 83%, pit slopes of 18 degrees,. For the Borehole constraint - Assumes 60% recovery by borehole Bonnie Claire Property The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Drill results from the salt flat have included lithium values as high as 2550 ppm Li and a 1560 foot (roughly 475 meter) vertical intercept that averaged 1153 ppm Li. The current 43-101 report on the project notes that, with a cutoff grade of 600 ppm Li and average grade of 1,027 ppm Li, one square mile contains an inferred resource of 5.025 billion kilograms Li (though this is a resource, not a reserve, and has not yet proven economic viability). The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 74 km2 (28.6 mi2) with potential for brine systems and further sediment resources. Qualified Person Richard Kern, Certified Professional Geologist, a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Kern is not independent of the Company as he is the Chief Executive Officer of Iconic. On behalf of the Board of Directors SIGNED: "Richard Kern" Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 336-8614 For further information on Iconic, please visit our website at www.iconicminerals.com. The Company's public documents may be accessed at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. https://ceo.ca/@newsfile/iconic-releases-resource-report-that-may-indicate-bonnie
Iconic Releases Positive Preliminary Economic Assessment Report on Bonnie Claire Indicating Minimal Environmental Surface Disturbance Vancouver, British Columbia--(Newsfile Corp. - October 13, 2021) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce it has released Preliminary Economic Assessment report ("PEA") for the Bonnie Claire project (the "Property") located 48 km (30 miles) north of Beatty, Nevada. The report was done by Global Resource Engineering Ltd. ("GRE") of Denver, Colorado. Using the updated NI 43-101 resource report released September 1 by the Company GRE determined what portion of the resource is defined as borehole mineable. This resource, as reported in the PEA is as follows: Bonnie Claire Statement of Mineral Resource 1. Cutoff grade of 700 ppm Li 2. The effective date of the Mineral Resource is August 20, 2021. 3. The Qualified Person for the estimate is Terre Lane of GRE. 4. Resources are not Mineral Reserves and do not have demonstrated economic viability. 5. Numbers in the table have been rounded to reflect the accuracy of the estimate and may not sum due to rounding. 6. Assumes 68% recovery by borehole The economic model used in the PEA only covers the first 40 years of production. GRE has the following conclusions from the modelling. Average annual production of 32.3 million kg (32,300 tonnes) of LCE Cash operating cost of $5,974/tonne LCE All-in sustaining cost of $6,057/tonne LCE A $1.5 billion after-tax Net Present Value (NPV) at an 8% discount rate A 23.8% after-tax Internal Rate of Return (IRR) Payback period of 6.7 years Break-even price (0% IRR) of $6,545/tonne LCE GRE found positive economics using borehole mining and recovery of lithium carbonate after thermal treatment and hot water leaching. GRE stated the following: "The Project economics shown in the PEA are favorable and robust, providing positive NPV values at varying lithium carbonate prices, capital costs, and operating costs." GRE determined that even though the project is only partially drilled out the current resource will only be 27% mined in the first 40 years of production. The borehole mining method being used starts by drilling a hole to the bottom of the mineralized zone which consists of soft clay. High-pressure water is pumped through drill holes into the formation while simultaneously pumping the resulting loosened material out. This material would be transported to the mill as slurry. The resulting large cavity would be filled with tailings from the mill. The process would continue up the drill hole until the top of the mineralized zone is reached. Borehole mining would eliminate the need for an open pit and reduce tailings because they are injected back into the drill holes. The environmental disturbance footprint is greatly reduced which is a big positive for the project. The Project also has the potential for incorporating solar power into its development due to its location in sunny Nevada. Metallurgical testing conducted by Hazen Research Inc. of Golden, Colorado was used to design a mineral processing flowsheet. The mined slurry reports to the mill by pipeline where it is subjected to size separation. Using a cut size of 45 microns (µm), the coarse fraction contained approximately 90% of the calcite and less than 2% of the lithium, with a mass rejection of approximately 25%. The resulting fine fraction is calcined in a rotary kiln with the addition of Sodium Sulfate. The calcine is subjected to a hot water leach to extract the lithium into solution. Lithium extraction of up to 80% have been achieved to date. The leach solution is subjected to conventional impurity removal using neutralization and precipitation. The majority of the sodium sulfate (as Glauber's Salt) is recovered and recycled to the calcination stage. Additionally, a significant portion of the process water is recovered and recycled. Final lithium carbonate production is achieved through soda ash precipitation and bicarbonate purification. The target is to produce a 99.5% purity lithium carbonate product. The anticipated overall lithium recovery is 75% as final marketable product. Although, additional testing may result in minor changes to the flowsheet, Iconic believes this process will be employed at Bonnie Claire. Included in GRE's conclusions are the following: "The Project economics shown in the PEA are favorable, providing positive NPV values at varying lithium carbonate prices, capital costs, and operating costs." "The Project has the potential to be a major supplier of lithium products in the world, and additional work is warranted." Although significant additional testing and fine tuning is needed this very large lithium resource is beginning to show its real potential. The technical report is anticipated to be filed and available shortly on the Company's SEDAR profile at www.sedar.com. It should be noted that the above results were derived using mineral resources and not "mineral reserves". A prefeasibility study or feasibility study is required to state Mineral Reserves. Iconic is diligently working toward an initial feasibility study. Bonnie Claire Property The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Drill results from the salt flat have included lithium values as high as 2550 ppm Li and a 1560 foot (roughly 475 meter) vertical intercept that averaged 1153 ppm Li. The current 43-101 resource from the PEA report for borehole mineable portion of the resource is 3,407 million tonnes grading 1,013 ppm Li or 18,372 million kilograms of lithium carbonate equivalent. (though this is a resource, not a reserve, and has not yet proven economic viability). The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 74 km2 (28.6 mi2) with potential for brine systems and further sediment resources. Qualified Persons Terre Lane, SME Registered Member, Principal Mining Engineer, Global Resource Engineering Ltd and Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release. J. Todd Harvey, MBA, Ph.D., President and Director of Process Engineering, Global Resource Engineering Ltd and Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release. Hamid Samari, PhD, Senior Geologist, Global Resource Engineering Ltd and Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release. Rick Moritz, Principal Mining Engineer, Global Resource Engineering Ltd and Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release. Richard Kern, Certified Professional Geologist, a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Kern is not independent of the Company as he is the Chief Executive Officer of Iconic. On behalf of the Board of Directors SIGNED: "Richard Kern" Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 336-8614 For further information on Iconic, please visit our website at www.iconicminerals.com. The Company's public documents may be accessed at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. https://ceo.ca/@newsfile/iconic-releases-positive-preliminary-economic-assessment
Iconic Minerals CEO: Bonnie Claire Project is the Largest Lithium Resource in North America Iconic (TSXV:ICM,OTC:BVTEF,FSE:YQGB) released a Preliminary Economic Assessment report (PEA) for the Bonnie Claire project located 48 km north of Beatty, #Nevada. Iconic CEO Richard Kern is thrilled to share the economic evaluation of the property. “Iconic has been working for years on this project and it's been a bit of a long road but we're thrilled that we've finally gotten to the point where we put together an economic evaluation of the property. Number one, it is the largest #lithium resource in North America as far as we can tell. And number two, it has hardly been scratched,” said Kern. He added that according to the PEA, the company has over 100 years worth of mining. Next steps will include more drilling, fine tuning of the metallurgy and getting a resource that is put into the mine level category. “We will keep moving forward towards production. I will say we are beginning to be contacted by those that use a lot of lithium. There's a lot more interest and that is going to accelerate quickly.”
Technological Advancement in the Processing of Black Mass Montréal – October 19, 2021 – St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN) (...) Other updates Recovery of lithium from clay St-Georges’ metallurgical team is preparing its contracted installations to allow a full pilot-plant circuit to be configured to enable a complete run of its process with the help of independent engineers that will constitute the last stage of the development effort conducted with Iconic Minerals with its Bonnie Claire lithium and fertilizer project. All steps have now been completed in separate efforts and will be run concurrently in an industrial setting in its pilot plant as soon as the Company receives its custom-made precipitation units expected to arrive in Canada within the next 15 to 20 days. (...) ON BEHALF OF THE BOARD OF DIRECTORS “Enrico Di Cesare” ENRICO DI CESARE Director & President of St-Georges Metallurgy Corp. https://ceo.ca/@thenewswire/technological-advancement-in-the-processing-of-black
October 2021, Monthly Progress Report St-Georges Eco-Mining "Additional tests on the improvement of by-product recovery and the production of fertilizers are being run. Management expects to be able to provide initial disclosure on these results in the second part of November. Iconic Minerals and St-Georges are expecting the results of a first pilot-plant operation with Bonnie Claire material to culminate in a final independent report in January 2022. As the process is still being significantly improved, the partners also expect to disclose material progress in November and December 2021." https://webfiles.thecse.com/MonthlyReportSXOCTOBER_2021.pdf?T4PyKllUCRfK242Vcclb.N3olwiKk4lR
Metallurgical Improvements of Lithium Process Leads to Improved Fertilizer Production & High-Grade Alumina Montréal - TheNewswire - November 9, 2021 - St-Georges Eco-Mining Corp. (CNSX:SX.CN)(OTC:SXOOF) (FSE:85G1) is pleased to announce that it has successfully advanced its metallurgical process allowing the production of lithium carbonate and hydroxide alongside the production of fertilizer by-products and now high-grade alumina by-production. Alumina or AI2O3 was present in most hard rock and clay resources reviewed by the Company. This month, the Company is expecting to initiate processing trials to achieve 99.9% alumina purity as a first milestone with the intention to continue improving product purity. This process improvement follows the Company’s core strategy of making valuable low-carbon by-products while keeping chemical losses to a minimum. The Company has already received initial shows of interest regarding commercial collaboration from two major aluminium producers for the aluminium recovered from battery recycling. The Company will be sharing this development for high purity alumina with the industry. Other updates Press Conference with the Atlas Project St-Georges’ team will be in St-Hyacinthe on November 9, 2021, at 10:00 EST to participate in a press conference organized by Cintech Agroalimentaire in the presence of various representatives from Quebec institutions and companies from the agricultural industry. The Atlas Project is a collective effort from important actors in Quebec industry to reduce the carbon footprint in the agri-food sector. St-Georges expects to discuss its different initiatives that are aimed at producing greener fertilizer from mineral resources and the recycling of batteries. ON BEHALF OF THE BOARD OF DIRECTORS “Enrico Di Cesare” ENRICO DI CESARE Director & President of St-Georges Metallurgy Corp. https://ceo.ca/@thenewswire/metallurgical-improvements-of-lithium-process-leads
Iconic Provides Corporate Update Vancouver, British Columbia--(Newsfile Corp. - November 18, 2021) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to provide a corporate update. The Company previously announced the completion of the Preliminary Economic Assessment (the "PEA") which confirmed that the Company's flagship lithium property, the Bonnie Claire, is economically feasible using borehole mining techniques. In the new year, the Company will further study borehole mining, as well as other mining techniques. Plan of Operations With the completion of a Plan of Operation (the "PoO") environmental study, expected to be approved by the BLM around the end of the year, the Company will embark on a major drilling program. The plan is to move our current resource from "Resource" (Inferred) to "Reserve" (Indicated and Measured). The Company will also be fine tuning its metallurgy and engineering studies in preparations for a preliminary feasibility study. Smith Creek Valley In September 2021, Iconic completed Phase I drilling of its 100% owned, Smith Creek Valley lithium project, also located in Nevada. The drilling program consisted of 5 RC holes averaging 90 meters (300 feet) in depth. The sediment and ground waters were shipped to Western Environmental Testing and ALS Chemex in Reno, Nevada. The results are pending, and the Company will report results once they have been released. Gold Properties Spin Out In 2020 the Company made the decision to spin out its gold assets into a new entity, NevGold Exploration Ltd., for its New Pass and Midas South gold properties. The strategy is still an active and is intended to be completed at the appropriate time. Joint Venture Partner Iconic's joint venture partner (the "JV Partners") Nevada Lithium, successfully listed on the Canadian Securities Exchange and is expected to earn the entirety of their 50% interest of the Bonnie Claire Property upon final payment of USD$4,000,000 on or before the 1st of December 2021. Media Link A video clip is provided here as well, a multi-media delivery of Iconic's Company status reporting. https://vimeo.com/marketonemediagroup/review/642054732/899c6c04f5 Bonnie Claire Property The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Drill results from the salt flat have included lithium values as high as 2550 ppm Li and a 1560 foot (roughly 475 meter) vertical intercept that averaged 1153 ppm Li. The current 43-101 resource from the PEA report for borehole mineable portion of the resource is 3,407 million tonnes grading 1,013 ppm Li or 18,372 million kilograms of lithium carbonate equivalent. (though this is a resource, not a reserve, and has not yet proven economic viability). The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 74 km2 (28.6 mi2) with potential for brine systems and further sediment resources. Smith Creek Valley Property The Smith Creek Property is located within Smith Creek Valley, which is approximately 60 km (37 miles) long and 16 km (10 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Surface sampling around hot springs on patented ground just off the claim block assayed a maximum of 470 ppm Li. The gravity low within the valley is 16 km (10 miles) long, and the current estimates of depth to basement rocks range from 1,300 to 1,500 meters (4,200 to 5,000 feet). The current claim block covers an area of 46 km2 (17.8 mi2 ) with potential for brine systems and further sediment resources On behalf of the Board of Directors SIGNED: "Richard Kern" Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 336-8614 For further information on Iconic, please visit our website at www.iconicminerals.com. The Company's public documents may be accessed at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. https://ceo.ca/@newsfile/iconic-provides-corporate-update
Iconic Receives 2nd Option Payment for Bonnie Claire and Extends Deadline for Final Payment Vancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce that the Company has received the second option payment of $2MM USD from Nevada Lithium Resources Inc. ("Nevada Lithium") which increases Nevada Lithium's aggregate ownership in the Bonnie Claire Project to 35%. Concurrent with the payment, Iconic and Nevada Lithium have also agreed to an amendment of the Option Agreement, which extends the deadline for the third and final option payment under the agreement until December 15th, 2021. Upon payment of the third option of $2MM USD, Nevada, will have fully earned its option for an aggregate 50% ownership in the Bonnie Claire Project. "We are pleased to announce the receipt of the second option payment from Nevada Lithium and look forward to working in partnership to confirm what we believe to be one of the largest world class lithium deposits. The Company anticipates the acceptance of the Plan of Operations in the near future and is eager to commence our 2022 drilling campaign at the Bonnie Claire Property. The data collected from this campaign is integral to the completion of the Pre-Feasibility Study and the next stage of our development towards Pre-Production," said Iconic CEO, Richard Kern. Bonnie Claire Property The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Drill results from the salt flat have included lithium values as high as 2550 ppm Li and a 1560 foot (roughly 475 meter) vertical intercept that averaged 1153 ppm Li. The current 43-101 resource from the PEA report for borehole mineable portion of the resource is 3,407 million tonnes grading 1,013 ppm Li or 18,372 million kilograms of lithium carbonate equivalent. (though this is a resource, not a reserve, and has not yet proven economic viability). The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 74 km2 (28.6 mi2) with potential for brine systems and further sediment resources. On behalf of the Board of Directors SIGNED: "Richard Kern" Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 336-8614 For further information on Iconic, please visit our website at www.iconicminerals.com. The Company's public documents may be accessed at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. https://ceo.ca/@newsfile/iconic-receives-2nd-option-payment-for-bonnie-claire
