Jackpot Lake
Overview
Jackpot Lake is our newly acquired Lithium project located In Moapa Valley, Nevada.
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Comprised of 140 claims on 2800 acres just 35 km northeast of Las Vegas.
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Highest lithium value of 550 ppm with an average of 175 ppm, comparable to Albemarle, the only lithium producing mine in the U.S that is also located in Nevada.
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Drill ready project with ability to operate year-round, good road access.
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Closed basin resource determined through gravitational surveying.

Historical Work & Future Plans

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In 1976 USGS completed 129 core samples, spectrographic and atomic-absorption analyses of 135 stream sediment samples confirmed potential for lithium mineral deposits.
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Highly enriched brines discovered through CSMAT surveying.
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Small drill program is needed to prove up potential resource.
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The company plans to drill a combination of shallow and deep holes with the goal of completing a 43-101 resource estimate by Q4 of 2022.
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Nevada is host to one of the largest-known lithium deposits in North America created by an ancient and now extinct, super-volcano.
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The bulk of lithium chemicals used in the US are imported from other lithium-rich countries.
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Appears to host a similar deposit style as Albemarle's Silver Peak lithium mine, which has operated continuously since 1966, and Iconic Mineral's Bonnie Claire project which has a PEA that indicates a 40 year mine with an after-tax NPV 8% of 1.5 billion.


Why Lithium?
At Usha, we see an incredible opportunity to take part in the growing demand for electric vehicles, mobile devices, and, grid storage that is creating a long-term supply shortage and increasing lithium prices.
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The US represents one of the largest resources for lithium in the world providing tremendous potential for these properties given their strategic locations.
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The use of lithium will help to improve quality of life, reducing air pollution, advancing renewable energy, and, promoting electronic mobility.
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The value of lithium has exponentially increased since the beginning of the rise in 2020 making many lithium deposit economic to explore.