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PROJECTs • Exploration projects

La Lola, Sonora

A 5 km vein, up to 40 m wide, that has never been drilled.

1,183 ha

in northern Sonora

100%

option to acquire

5 km

La Barra vein strike

up to 40 m

vein width in outcrop

Overview

La Lola covers 1,183 hectares in the Sierra Madre epithermal belt of northern Sonora, the same belt that hosts the Santa Elena, Mercedes and Las Chispas mines. The property is anchored by the La Barra vein, a 5 kilometre structure that reaches up to 40 metres wide in outcrop. Bladed quartz after calcite, fluorite and mercury pathfinders indicate that the top of a low sulphidation system is preserved. Multiple secondary vein zones and historical workings have not been tested at depth. La Lola has never been drill tested. The property is held under an option to acquire a 100% interest from Heliostar Metals.

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Comparables

Company
Market Cap.
Project Name and Location
Resources and Reserves
Rio Tinto
n/a
Jadar, Serbia
85.4 Mt @ 1.76% LiO2 and 16.1% B2O3 (Ind.); 58.1 Mt @ 1.87% Li2O and 12.0% B2O3 (Inf.)¹.
Ioneer Ltd.
AUD 510 million (12 month high of AUD 925 million)
Rhyolite Ridge, CA
146.5 Mt @ 0.35 % LiO2 and 4.56 % B2O3 (M+I+I)².
5e Advanced Materials Inc.
AUD 214 million (12 month high of AUD 969 million)
Fort Cady, CA
74.3 Mt @ 0.076 % LiO2 and 4.15% B2O3 (M+I); 96.9 Mt @ 0.069 % LiO2 and 4.75% B2O3 (Inf.)³.

¹ Rio Tinto updates Ore Reserves and Mineral Resources at Jadar, Notice to ASX, 23 February 2022.

² IONEER USA Corp. Rhyolite Ridge Lithium-Boron Project Definitive Feasibility Study (DFS) Report (Li2CO3 and H3BO3 values converted to LiO2 and B2O3).

³ 5e Advanced Materials Inc., Form 8-K, May 11, 2023. Commission File Number 001-41279