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PROJECTs • Exploration projects

Ejutla, Oaxaca

Two exploration models on a 10,603 hectare land position.

10,603 ha

in the Taviche-Miahuatlan belt

701 g/t

Ag over 0.6 m historical channel sample

664 g/t

Ag over 5.0 m historical channel sample

Overview

Ejutla is a 10,603 hectare land position in the Taviche-Miahuatlan belt of Oaxaca, about 20 kilometres east of the San Jose mine, formerly operated by Fortuna, and about 25 kilometres west of the Don David operation. The property holds multiple vein systems and alteration zones that are anomalous in gold, silver and Carlin-style pathfinder elements. It has two exploration models: low sulphidation gold-silver veins with boiling-zone textures at surface, and Carlin-style jasperoid with an arsenic-antimony-mercury pathfinder halo. Historical channel sampling returned 701 g/t silver over 0.6 metres and 664 g/t silver over 5.0 metres. 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