¹ The CV5 mineral resource estimate (109.2 Mt at 1.42% Li₂O and 160 ppm Ta₂O₅ inferred) is reported at a cut-off grade of 0.40% Li₂O with effective date of June 25, 2023 (through drill hole CV23-190). Mineral resources are not mineral reserves as they do not have demonstrated economic viability. Largest lithium pegmatite resource in the Americas based on contained LCE.

¹ The CV5 mineral resource estimate (109.2 Mt at 1.42% Li₂O and 160 ppm Ta₂O₅ inferred) is reported at a cut-off grade of 0.40% Li₂O with effective date of June 25, 2023 (through drill hole CV23-190). Mineral resources are not mineral reserves as they do not have demonstrated economic viability. Largest lithium pegmatite resource in the Americas based on contained LCE.

Criteria

JORC Code explanation

Commentary

Sampling techniques

• Nature and quality of sampling (eg cut
  
  channels, random chips, or specific
  
  specialized industry standard
  
  measurement tools appropriate to the
  
  minerals under investigation, such as
  
  down hole gammasondes, or handheld
  
  XRF instruments, etc). These examples
  
  should not be taken as limiting the
  
  broad meaning of sampling.

• Include reference to measures taken to
  
  ensure sample representivity and the
  
  appropriate calibration of any
  
  measurement tools or systems used.

• Aspects of the determination of
  
  mineralization that are Material to the
  
  Public Report. 

• In cases where 'industry standard'
  
  work has been done this would be
  
  relatively simple (eg 'reverse
  
  circulation drilling was used to obtain 1
  
  m samples from which 3 kg was
  
  pulverized to produce a 30 g charge for
  
  fire assay'). In other cases more
  
  explanation may be required, such as
  
  where there is coarse gold that has
  
  inherent sampling problems. Unusual
  
  commodities or mineralization types
  
  (eg submarine nodules) may warrant
  
  disclosure of detailed information.

• Core sampling protocols meet industry standard
  
  practices.
• Core sampling is guided by lithology as determined
  
  during geological logging (i.e., by a geologist). All
  
  pegmatite intervals are sampled in their entirety (half
  
  -core), regardless if spodumene mineralization is noted
  
  or not (in order to ensure an unbiased sampling
  
  approach) in addition to ~1 to 3 m of sampling into the
  
  adjacent host rock (dependent on pegmatite interval
  
  length) to "bookend" the sampled pegmatite.
• The minimum individual sample length is typically 0.5 m
  
  and the maximum sample length is typically 2.0 m.
  
  Targeted individual pegmatite sample lengths are 1.0 to
  
  1.5 m.
• All drill core is oriented to maximum foliation prior to
  
  logging and sampling and is cut with a core saw into
  
  half-core pieces, with one half-core collected for assay,
  
  and the other half-core remaining in the box for
  
  reference.
• Core samples collected from drill holes were shipped
  
  to SGS Canada's laboratory in Val-d'Or, QC, for
  
  sample preparation (code PRP89 special) which
  
  included drying at 105°C, crush to 90% passing 2 mm,
  
  riffle split 250 g, and pulverize 85% passing 75 microns.
  
  Core sample pulps were shipped by air to SGS
  
  Canada's laboratory in Burnaby, BC, where the
  
  samples were homogenized and subsequently analyzed
  
  for multi-element (including Li and Ta) using sodium
  
  peroxide fusion with ICP-AES/MS finish (codes
  
  GE_ICP91A50 and GE_IMS91A50).

Drilling techniques

• Drill type (eg core, reverse circulation,
  
  open-hole hammer, rotary air blast,
  
  auger, Bangka, sonic, etc) and details
  
  (eg core diameter, triple or standard
  
  tube, depth of diamond tails, face-
  
  sampling bit or other type, whether
  
  core is oriented and if so, by what
  
  method, etc).

• NQ size core diamond drilling was completed for all
  
  holes. Core was not oriented.

Drill sample recovery

• Method of recording and assessing
  
  core and chip sample recoveries and
  
  results assessed.

• Measures taken to maximize sample
  
  recovery and ensure representative
  
  nature of the samples.

• Whether a relationship exists between
  
  sample recovery and grade and
  
  whether sample bias may have
  
  occurred due to preferential loss/gain
  
  of fine/coarse material.

• All drill core was geotechnically logged following
  
  industry standard practices, and include TCR, RQD,
  
  ISRM, and Q-Method. Core recovery is very good and
  
  typically exceeds 90%.

Logging

• Whether core and chip samples have
  
  been geologically and geotechnically
  
  logged to a level of detail to support
  
  appropriate Mineral Resource
  
  estimation, mining studies and
  
  metallurgical studies.

• Whether logging is qualitative or
  
  quantitative in nature. Core (or
  
  costean, channel, etc) photography.

• The total length and percentage of the
  
  relevant intersections logged.

• Upon receipt at the core shack, all drill core is pieced
  
  together, oriented to maximum foliation, metre
  
  marked, geotechnically logged (including structure),
  
  alteration logged, geologically logged, and sample
  
  logged on an individual sample basis. Core box photos
  
  are also collected of all core drilled, regardless of
  
  perceived mineralization. Specific gravity
  
  measurements of pegmatite are also collected at
  
  systematic intervals for all pegmatite drill core using the
  
  water immersion method, as well as select host rock
  
  drill core.
•  The logging is qualitative by nature, and includes
  
  estimates of spodumene grain size, inclusions, and
  
  model mineral estimates.
• These logging practices meet or exceed current
  
  industry standard practices.

Sub-sampling

techniques and

sample preparation

• If core, whether cut or sawn and
  
  whether quarter, half or all core taken.

• If non-core, whether riffled, tube
  
  sampled, rotary split, etc and whether
  
  sampled wet or dry.

• For all sample types, the nature, quality
  
  and appropriateness of the sample
  
  preparation technique.

• Quality control procedures adopted
  
  for all sub-sampling stages to maximize
  
  representivity of samples.

• Measures taken to ensure that the
  
  sampling is representative of the in situ
  
  material collected, including for
  
  instance results for field
  
  duplicate/second-half sampling.

• Whether sample sizes are appropriate
  
  to the grain size of the material being sampled.

• Drill core sampling follows industry best practices.
  
  Drill core was saw-cut with half-core sent for
  
  geochemical analysis and half-core remaining in the box
  
  for reference. The same side of the core was sampled
  
  to maintain representativeness.

• Sample sizes are appropriate for the material being
  
  assayed.

• A Quality Assurance / Quality Control (QAQC)
  
  protocol following industry best practices was
  
  incorporated into the program and included systematic
  
  insertion of quartz blanks and certified reference
  
  materials (CRMs) into sample batches at a rate of
  
  approximately 5% each. Additionally, analysis of pulp
  
  -split duplicates was completed to assess analytical
  
  precision, and external (secondary) laboratory pulp
  
  -split duplicates were prepared at the primary lab for
  
  subsequent check analysis and validation at a secondary
  
  lab.

• All protocols employed are considered appropriate for
  
  the sample type and nature of mineralization and are
  
  considered the optimal approach for maintaining
  
  representativeness in sampling.

Quality of assay

data and laboratory

tests

• The nature, quality and
  
  appropriateness of the assaying and
  
  laboratory procedures used and
  
  whether the technique is considered
  
  partial or total.

• For geophysical tools, spectrometers,
  
  handheld XRF instruments, etc, the
  
  parameters used in determining the
  
  analysis including instrument make and
  
  model, reading times, calibrations
  
  factors applied and their derivation,
  
  etc.

• Nature of quality control procedures
  
  adopted (eg standards, blanks,
  
  duplicates, external laboratory checks)
  
  and whether acceptable levels of
  
  accuracy (ie lack of bias) and precision
  
  have been established.

• Core samples collected from drill holes were shipped
  
  to SGS Canada's laboratory in Val-d'Or, QC, for
  
  standard sample preparation (code PRP89 special)
  
  which included drying at 105°C, crush to 90% passing
  
  2 mm, riffle split 250 g, and pulverize 85% passing 75
  
  microns. Core sample pulps were shipped by air to SGS
  
  Canada's laboratory in Burnaby, BC, where the
  
  samples were homogenized and subsequently analyzed
  
  for multi-element (including Li and Ta) using sodium
  
  peroxide fusion with ICP-AES/MS finish (codes
  
  GE_ICP91A50 and GE_IMS91A50).

• The Company relies on both its internal QAQC
  
  protocols (systematic use of blanks, certified reference
  
  materials, and external checks), as well as the
  
  laboratory's internal QAQC.

• All protocols employed are considered appropriate for
  
  the sample type and nature of mineralization and are
  
  considered the optimal approach for maintaining
  
  representativeness in sampling.

Verification of

sampling and

assaying

• The verification of significant
  
  intersections by either independent
  
  or alternative company personnel.
• The use of twinned holes.
• Documentation of primary data, data
  
  entry procedures, data verification,
  
  data storage (physical and electronic)
  
  protocols.
• Discuss any adjustment to assay data.

• Intervals are reviewed and compiled by the VP
  
  Exploration and Project Managers prior to disclosure,
  
  including a review of the Company's internal QAQC
  
  sample analytical data.
• Data capture utilizes MX Deposit software whereby
  
  core logging data is entered directly into the software
  
  for storage, including direct import of laboratory
  
  analytical certificates as they are received. The
  
  Company employs various on-site and post QAQC
  
  protocols to ensure data integrity and accuracy.
• Adjustments to data include reporting lithium and
  
  tantalum in their oxide forms, as it is reported in
  
  elemental form in the assay certificates. Formulas used
  
  are Li₂O = Li x 2.153, and Ta₂O₅ = Ta x 1.221.

Location of data

points

• Accuracy and quality of surveys used to
  
  locate drill holes (collar and down-hole
  
  surveys), trenches, mine workings and
  
  other locations used in Mineral
  
  Resource estimation.
• Specification of the grid system used.
• Quality and adequacy of topographic
  
  control.

• Each drill hole's collar has been surveyed with a RTK
  
  Trimble Zephyr 3.

• The coordinate system used is UTM NAD83 Zone 18.

• The Company completed a property-wide LiDAR and
  
  orthophoto survey in August 2022, which provides
  
  high-quality topographic control.

• The quality and accuracy of the topographic controls
  
  are considered adequate for advanced stage
  
  exploration and development, including mineral
  
  resource estimation.

Data spacing and

distribution

• Data spacing for reporting of
  
  Exploration Results.
• Whether the data spacing and
  
  distribution is sufficient to establish the
  
  degree of geological and grade
  
  continuity appropriate for the Mineral
  
  Resource and Ore Reserve estimation
  
  procedure(s) and classifications applied.
• Whether sample compositing has been
  
  applied.

• At CV5, drill hole collar spacing is dominantly grid
  
  based. Several collars are typically completed from the
  
  same pad at varied orientations targeting pegmatite
  
  pierce points of ~50 to 100 m spacing.

• At CV13, drill hole spacing is dominantly grid based at
  
  ~100 m; however, collar locations and hole
  
  orientations may vary widely, which reflect the varied
  
  orientation of the pegmatite body along strike.

• At CV9, drill hole collar spacing is irregular with varied
  
  hole orientations and multiple collars on the same pad.

• It is interpreted that the large majority of the drill hole
  
  spacing at each pegmatite is sufficient to support a
  
  mineral resource estimate.

• Core sample lengths typically range from 0.5 to 2.0 m
  
  and average ~1.0 to 1.5 m. Sampling is continuous
  
  within all pegmatite encountered in the drill hole.

Orientation of data

in relation to

geological structure

• Whether the orientation of sampling
  
  achieves unbiased sampling of possible
  
  structures and the extent to which this
  
   is known, considering the deposit type.
• If the relationship between the drilling
  
  orientation and the orientation of key
  
  mineralized structures is considered to
  
  have introduced a sampling bias, this
  
  should be assessed and reported if
  
  material.

• No sampling bias is anticipated based on structure
  
  within the mineralized body.

• The principal mineralized bodies are relatively
  
  undeformed and very competent, although have some
  
  meaningful structural control.

• At CV5, the principal mineralized body and adjacent
  
  lenses are steeply dipping resulting in oblique angles of
  
  intersection with true widths varying based on drill
  
  hole angle and orientation of pegmatite at that
  
  particular intersection point. i.e., the dip of the
  
  mineralized pegmatite body has variations in a vertical
  
  sense and along strike, so the true widths are not
  
  always apparent until several holes have been drilled (at
  
  the appropriate spacing) in any particular drill-fence.

• At CV13, the principal pegmatite body has a shallow
  
  varied strike and northerly dip.

• At CV9, the orientation and geometry of the pegmatite
  
  is not well understood. The pegmatite is currently
  
  interpreted to be comprised of a single principal dyke,
  
  which outcrops at surface, has a steep northerly dip,
  
  and is moderately plunging to the east-southeast.

Sample security

• The measures taken to ensure sample
  
  security.

• Samples were collected by Company staff or its
  
  consultants following specific protocols governing
  
  sample collection and handling. Core samples were
  
  bagged, placed in large supersacs for added security,
  
  palleted, and shipped directly to Val-d'Or, QC, being
  
  tracked during shipment along with Chain of Custody.
  
  Upon arrival at the laboratory, the samples were cross-
  
  referenced with the shipping manifest to confirm all
  
  samples were accounted for. At the laboratory, sample
  
  bags are evaluated for tampering.

Audits or reviews

• The results of any audits or reviews of
  
  sampling techniques and data

• A review of the sample procedures for the Company's
  
  2021 fall drill program (CF21-001 to 004) and 2022
  
  winter drill program (CV22-015 to 034) was
  
  completed by an Independent Competent Person and
  
  deemed adequate and acceptable to industry best
  
  practices (discussed in a technical report titled "NI 43-
  
  101 Technical Report on the Corvette Property,
  
  Quebec, Canada", by Alex Knox, M.Sc., P.Geol., Issue
  
  Date of June 27^th, 2022.)
• A review of the sample procedures through the
  
  Company's 2023 winter drill program (through CV23-
  
  190) was completed by an independent Competent
  
  Person with respect to the CV5 Pegmatite's maiden
  
  mineral resource estimate and deemed adequate and
  
  acceptable to industry best practices (discussed in a
  
  technical report titled " NI 43–101 Technical Report,
  
  Mineral Resource Estimate for the CV5 Pegmatite,
  
  Corvette Property" by Todd McCracken, P.Geo.,of
  
  BBA Engineering Ltd., and Ryan Cunningham, M.Eng.,
  
  P.Eng., of Primero Group Americas Inc., Effective Date
  
  of June 25, 2023, and Issue Date of September 8, 2023
• Additionally, the Company continually reviews and
  
  evaluates its procedures in order to optimize and
  
  ensure compliance at all levels of sample data collection
  
  and handling

Criteria

JORC Code explanation

Commentary

Mineral tenement

and land tenure

status

• Type, reference name/number,
  
  location and ownership including
  
  agreements or material issues with
  
  third parties such as joint ventures,
  
  partnerships, overriding royalties,
  
  native title interests, historical sites,
  
  wilderness or national park and
  
  environmental settings.
• The security of the tenure held at the
  
  time of reporting along with any known
  
  impediments to obtaining a licence to
  
  operate in the area.

• The Corvette Property is comprised of 424 CDC
  
  claims located in the James Bay Region of Quebec, with
  
  Patriot Battery Metals Inc. being the registered title
  
  holder for all of the claims. The northern border of the
  
  Property's primary claim block is located within
  
  approximately 6 km to the south of the Trans-Taiga
  
  Road and powerline infrastructure corridor. The CV5
  
  Spodumene Pegmatite is situated approximately 13.5
  
  km south of the regional and all–weather Trans-Taiga
  
  Road and powerline infrastructure. The CV13 and CV9
  
  spodumenepegmatites are located approximately 3 km
  
  west-southwest and 14 km west of CV5, respectively.
• The Company holds 100% interest in the Property
  
  subject to various royalty obligations depending on
  
  original acquisition agreements. DG Resources
  
  Management holds a 2% NSR (no buyback) on 76
  
  claims,D.B.A. Canadian Mining House holds a 2%NSR
  
  on 50 claims (half buyback for $2M) and Osisko Gold
  
  Royalties holds a sliding scale NSR of 1.5-3.5% on
  
  precious metals, and 2% on all other products, over
  
  111 claims. The vast majority of the CV13Spodumene
  
  Pegmatite, as is currently delineated, is not subject to a
  
  royalty.
• The Property does not overlap any atypically sensitive
  
  environmental areas or parks, or historical sites to the
  
  knowledge of the Company. There are no known
  
  hinderances to operating at the Property, apart from
  
  the goose harvesting season (typically mid-April to mid-
  
  May) where the communities request helicopter flying
  
  not be completed, and potentially wildfires depending
  
  on the season, scale, and location.
• Claim expiry dates range from February 2025 to
  
  November 2026.

Exploration done

by other parties

• Acknowledgment and appraisal of
  
  exploration by other parties

• No core assay results from other parties are disclosed
  
  herein

• The most recent independent Property review was a
  
  technical report titled "NI 43-101 Technical Report,
  
  Mineral Resource Estimate for the CV5 Pegmatite,
  
  Corvette Property, James Bay Region, Québec,
  
  Canada", by Todd McCracken, P.Geo., of BBA
  
  Engineering Ltd., and Ryan Cunningham, M.Eng., P.Eng.,
  
  of Primero Group Americas Inc., Effective Date of June
  
  25, 2023, and Issue Date of September 8, 2023

Geology

• Deposit type, geological setting and
  
  style of mineralization.

• The Property overlies a large portion of the Lac Guyer
  
  Greenstone Belt, considered part of the larger La
  
  Grande River Greenstone Belt and is dominated by
  
  volcanic rocks metamorphosed to amphibolite facies.
  
  The claim block is dominantly host to rocks of the
  
  Guyer Group (amphibolite, iron formation,
  
  intermediate to mafic volcanics, peridotite, pyroxenite,
  
  komatiite, as well as felsic volcanics). The amphibolite
  
  rocks that trend east-west (generally steeply south
  
  dipping) through this region are bordered to the north
  
  by the Magin Formation (conglomerate and wacke) and
  
  to the south by an assemblage of tonalite, granodiorite,
  
  and diorite, in addition to metasediments of the Marbot
  
  Group (conglomerate, wacke). Several regional-scale
  
  Proterozoic gabbroic dykes also cut through portions
  
  of the Property (Lac Spirt Dykes, Senneterre Dykes).

• The geological setting is prospective for gold, silver,
  
  base metals, platinum group elements, and lithium over
  
  several different deposit styles including orogenic gold
  
  (Au), volcanogenic massive sulfide (Cu, Au, Ag),
  
  komatiite-ultramafic (Au, Ag, PGE, Ni, Cu, Co), and
  
  pegmatite (Li, Ta).

• Exploration of the Property has outlined three primary
  
  mineral exploration trends crossing dominantly east-
  
  west over large portions of the Property – Golden
  
  Trend (gold), Maven Trend (copper, gold, silver), and
  
  CV Trend (lithium, tantalum). The CV5 and CV13
  
  spodumene pegmatites are situated within the CV
  
  Trend. Lithium mineralization at the Property,
  
  including at CV5, CV13, and CV9, is observed to occur
  
  within quartz-feldspar pegmatite, which may be
  
  exposed at surface as high relief 'whale-back'
  
  landforms. The pegmatite is often very coarse-grained
  
  and off-white in appearance, with darker sections
  
  commonly composed of mica and smoky quartz, and
  
  occasional tourmaline.

• The lithium pegmatites at Corvette are categorized as
  
  LCT Pegmatites. Core assays and ongoing
  
  mineralogical studies, coupled with field mineral
  
  identification and assays, indicate spodumene as the
  
  dominant lithium-bearing mineral on the Property, with
  
  no significant petalite, lepidolite, lithium-phosphate
  
  minerals, or apatite present. The pegmatites also carry
  
  significant tantalum values with tantalite indicated to be
  
  the mineral phase

Drill hole

Information

• A summary of all information material
  
  to the understanding of the exploration
  
  results including a tabulation of the
  
  following information for all Material
  
  drill holes:

• • easting and northing of the drill hole
    
    collar.
  • elevation or RL (Reduced Level
    
    – elevation above sea level in metres) of
    
    the drill hole collar.
  • dip and azimuth of the hole.
  • down hole length and interception
    
    depth.
  • hole length.

• If the exclusion of this information is
  
  justified on the basis that the
  
  information is not Material and this
  
  exclusion does not detract from the
  
  understanding of the report, the
  
  Competent Person should clearly
  
  explain why this is the case.

• Drill hole attribute information is included in a table
  
  herein.
• Pegmatite intersections of <2 m are not typically
  
  presented as they are considered insignificant.

Data aggregation

methods

• In reporting Exploration Results,
  
  weighting averaging techniques,
  
  maximum and/or minimum grade
  
  truncations (eg cutting of high grades)
  
  and cut-off grades are usually Material
  
  and should be stated.

• Where aggregate intercepts
  
  incorporate short lengths of high grade
  
  results and longer lengths of low grade
  
  results, the procedure used for such
  
  aggregation should be stated and some
  
  typical examples of such aggregations
  
  should be shown in detail.

• The assumptions used for any
  
  reporting of metal equivalent values
  
  should be clearly stated.

• Length weighted averages were used to calculate grade
  
  over width.
• No specific grade cap or cut-off was used during grade
  
  width calculations. The lithium and tantalum length
  
  weighted average grade of the entire pegmatite interval
  
  is calculated for all pegmatite intervals over 2 m core
  
  length, as well as higher grade zones at the discretion
  
  of the geologist. Pegmatites have inconsistent
  
  mineralization by nature, resulting in some intervals
  
  having a small number of poorly mineralized samples
  
  included in the calculation. Non-pegmatite internal
  
  dilution is limited to typically <3 m where relevant and
  
  intervals indicated when assays are reported.
• No metal equivalents have been reported.

Relationship

between

mineralization

widths and

intercept lengths

• These relationships are particularly
  
  important in the reporting of
  
  Exploration Results.

• If the geometry of the mineralization
  
  with respect to the drill hole angle is
  
  known, its nature should be reported.

• If it is not known and only the down
  
  hole lengths are reported, there should
  
  be a clear statement to this effect (eg '
  
  down hole length, true width not known').

• At CV5, geological modelling is ongoing on a hole-by-
  
  hole basis and as assays are received. However, current
  
  interpretation supports a principal, large pegmatite
  
  body of near vertical to steeply dipping orientation,
  
  flanked by several subordinate pegmatite lenses
  
  (collectively, the 'CV5 Spodumene Pegmatite').

• At CV13, geological modelling is ongoing on a hole-by-
  
  hole basis and as assays are received. However, current
  
  interpretation supports an upper and lower pegmatite
  
  body, each trending sub-parallel to each other with a
  
  shallow northerly dip (collectively, the 'CV13
  
  Spodumene Pegmatite').

• At CV9, geological modelling is ongoing on a hole-by-
  
  hole basis and as assays are received. However, current
  
  interpretation indicates CV9 is comprised of a single
  
  principal dyke, which outcrops at surface, has a steep
  
  northerly dip, and is moderately plunging to the east-
  
  southeast. A strike length of 450 m has been delineated
  
  through drilling and outcrop.

• All reported widths are core length. True widths are not
  
  calculated for each hole due to the relatively wide drill
  
  spacing at this stage of delineation and the typical
  
  irregular nature of pegmatite, as well as the varied drill
  
  hole orientations. As such, true widths may vary widely
  
  from hole to hole.

Diagrams

• Appropriate maps and sections (with
  
  scales) and tabulations of intercepts
  
  should be included for any significant
  
  discovery being reported These should
  
  include, but not be limited to a plan
  
  view of drill hole collar locations and
  
  appropriate sectional views.

• Please refer to the figures included herein as well as
  
  those posted on the Company's website.

Balanced reporting

• Where comprehensive reporting of all
  
  Exploration Results is not practicable,
  
  representative reporting of both low
  
  and high grades and/or widths should
  
  be practiced to avoid misleading
  
  reporting of Exploration Results.

• Please refer to the table(s) included herein as well as
  
  those posted on the Company's website.

• Results for pegmatite intervals <2 m are not reported.

Other substantive

exploration data

• Other exploration data, if meaningful
  
  and material, should be reported
  
  including (but not limited to): geological
  
  observations; geophysical survey
  
  results; geochemical survey results;
  
  bulk samples – size and method of
  
  treatment; metallurgical test results;
  
  bulk density, groundwater,
  
  geotechnical and rock characteristics;
  
  potential deleterious or contaminating
  
  substances.

• The Company is currently completing site
  
  environmental work over the CV5 and CV13
  
  pegmatite area. No endangered flora or fauna have
  
  been documented over the Property to date, and
  
  several sites have been identified as potentially suitable
  
  for mine infrastructure.
• The Company has completed a bathymetric survey
  
  over the shallow glacial lake which overlies a portion
  
  of the CV5 Spodumene Pegmatite. The lake depth
  
  ranges from <2 m to approximately 18 m, although the
  
  majority of the CV5 Spodumene Pegmatite, as
  
  delineated to date, is overlain by typically <2 to 10 m
  
  of water.
• The Company has completed preliminary metallurgical
  
  testing comprised of HLS and magnetic testing, which
  
  has produced 6+% Li₂O spodumene concentrates at
  
  >70% recovery on both CV5 and CV13 pegmatite
  
  material, indicating DMS as a viable primary process
  
  approach, and that both CV5 and CV13 could
  
  potentially feed the same process plant. A DMS test on
  
  CV5 Spodumene Pegmatite material returned a
  
  spodumene concentrate grading 5.8% Li₂O at 79%
  
  recovery, strongly indicating potential for a DMS only
  
  operation to be applicable.
• Various mandates required for advancing the Project
  
  towards economic studies have been initiated,
  
  including but not limited to, environmental baseline,
  
  metallurgy, geomechanics, hydrogeology, hydrology,
  
  stakeholder engagement, geochemical characterization,
  
  as well as transportation and logistical studies.

Further work

• The nature and scale of planned further
  
  work (eg tests for lateral extensions or
  
  depth extensions or large-scale step-
  
  out drilling).
• Diagrams clearly highlighting the areas
  
  of possible extensions, including the
  
  main geological interpretations and
  
  future drilling areas, provided this
  
  information is not commercially
  
  sensitive.

• The Company intends to continue drilling the
  
  pegmatites of the Corvette Property, focused on the
  
  CV5 Pegmatite and adjacent subordinate lenses, as well
  
  as the CV13 Pegmatite. A follow-up drill program at
  
  the CV9 Spodumene Pegmatite is also anticipated