Falchani Lithium Project Advanced Exploration Stage

Discovery → Maiden Resource in 9 Months
High-grade Volcanic-hosted Lithium Deposit
Unique ‘Hard Rock’ Deposit
Large Mineralized Footprint ~20% drilled to date
Broader Target Area 6km x 5km

Starter Resource

High Grade Lithium-rich Tuff

At 3,409 ppm Li (0.63Mt Li₂CO₃) (equiv.) Indicated*
At 3,410 ppm Li (1.41Mt Li₂CO₃) (equiv.) Inferred*

Lithium-rich Tuff + Upper & Lower Breccia

At 3,104 ppm Li (0.67Mt Li₂CO₃) (equiv.) Indicated*
At 2,724 ppm Li (1.76Mt Li₂CO₃) (equiv.) Inferred*
  • Mapped and surface sampled Lithium target area extends up to 1.7 km (N-S) and 2.2 km (E-W)
  • The maiden resource estimate is based on drilling that covers ~20% of the target area
  • Early metallurgical test work on sulphuric acid leach identifies potential for battery grade Lithium Carbonate 99.74%
  • Ongoing metallurgical test work to evaluate multiple processing flow sheet options and advance work to determine ideal route(s)
Potential for Development
  • Scalable | Bulk Tonnage | Near Surface
  • Lithium zones located at surface to ~200 m below
  • Lithium zone average ~75 m (up to ~150 m)
  • Advancing to PEA
Falchani "East" Expansion
Drilling extensions to deposit to East, North and South.
Falchani "West" Expansion
Outcrop mapping and sampling extends target ~1km West. Lithium units at surface targeted for drilling.
Regional Targeting
6 km by 5 km interpreted collapsed caldera setting as target for future exploration.

* Refer to NI 43-101 technical report as filed on SEDAR, September 7, 2018