West Cobar Metals Limited announced that it has staked 242 mining claims in the Nye and Esmeralda Counties near Tonopah in Nevada, USA. Situated within the world class Nevada lithium district, the Nevada Lithium Project consists of the Montezuma Well and Big Smoky Valley claims areas which are considered prospective for large-scale sedimentary-hosted lithium claystone deposits. The prospective areas are located in close proximity to the mining town of Tonopah and 350km southeast of the Tesla Gigafactory in Nevada.

West Cobar's prospective areas host similar geology to known major lithium deposits in the region, including TLC (American Lithium), Tonopah Flats (American Battery Technology Company), Rhyolite Ridge (Ioneer Limited) and Clayton Valley (Century Lithium). West Cobar's Lithium Project consists of the Montezuma Well and Big Smoky Valley claim areas that lie within public land controlled by the Federal Bureau of Land Management (BLM), which provides a clear pathway to undertake exploration programs. The 242 claims lie in the Silver Peak-TLC zone, which hosts the single biggest US lithium mine, Albemarle's Silver Peak lithium-in-brines operation, and some of the largest US lithium in claystone resources. The ground is prospective for lithium underlain by the host Siebert and Esmeralda Formation claystone.