Lithium Portfolio, Ontario, Canada

Province scale strategy in Ontario, Canada - a first class, low-risk mining jurisdiction

High-grade previous exploration results with excellent prospectivity

Well developed road, power and infrastructure as well as highly experienced personnel

Commencement of drilling at Mavis Lake April 2022

Four hard rock lithium projects totalling 7,800 Ha of claims staked

Proximity to globally significant lithium Resources

An emerging lithium province in a first-class mining jurisdiction

A suite of four highly prospective projects in an emerging global lithium province

  • Access to well developed infrastructure including roads and power

  • Supportive government

  • A large portion of electricity in Ontario comes from renewable energy

  • Access to North American manufacturing markets and potential offtake partners

  • Tesla planning to open a factory to produce battery manufacturing equipment in the region

  • LG planning to build a US$2 billion battery-manufacturing facility in the region

Mavis Lake Lithium Project - Prime exploration targets

Historic exploration dating back to 1950s with exploration underway

  • Approval has been received for a 5,000m diamond drilling program
  • 5,000m drill program commencing April 2022 with mobilisation and preparation already underway
  • Outcropping at surface – recent drill programs in 2017 and 2018 have defined strong mineralisation and grades <200m from surface
  • Previous project drilling intersected:
    • 26.3m @ 1.7% Li2O from 111.9m including 7.70m @ 2.97% Li2O
    • 55.25m @ 1.04% Li2O from 130.5m
    • 15.20m @ 1.56% Li2O from 75.55m
    • 6.10m @ 2.33% Li2O from 139.25m
    • 17.90m @ 1.47% Li2O from 80.00m
  • Deeper potential to be tested
  • Along strike potential to be tested
  • Pegmatite 6 Prospect and identify new targets
  • Further targets at Pegmatitie 18 Prospect to be tested

Graphic Lake Lithium Project

Natural synergy with exploration work at Mavis Lake

  • 180km to the South-West of Mavis Lake Project

  • Small-scale exploration historically with some sampling in early 2000s with anomalous values returned of lithium, rubidium, tantalum, beryllium and caesium

  • Pegmatite swarm trending NE/SW with a width of 300m and estimated strike of 5.5km

Plaid Project and Whiteloon Lake Project

Critical Resources Plaid Whiteloon Lithium Projects next to Frontier Lithium PAK Project

In the “Electric Avenue” of Ontario Canada

  • 5,700 Ha of highly prospective lithium claims in an area known as the “Electric Avenue”, because of the size and quality of the deposits located in the region

  • Pegmatite mineralisation observed across both Projects

  • 5.5km from Frontier Lithium’s (TSXV: FL) PAK Project - one of North America’s highest-grade, high tonnage hard rock lithium Resources

  • Underexplored claims within an emerging lithium province

  • Drill target identification underway

The lithium market

A key driver for the clean energy economy

  • Lithium is crucial for the transition to renewables and electric vehicles

  • According to the IEA, lithium will experience the fastest growth in mineral demand in the sustainable development scenario by 2040, growing by over 40 times

  • Developed countries are looking to establish their own sustainable battery metal supply chains and manufacturing industries

  • New technologies and R & D developing quickly yielding multiple new applications