5 Grow the global re sourc e ba se to a dv anc e the bus ines s tow a rds de v e lo pme nt outcomes B ui l d c obal t r es our c es i n C anad a t o a c om bi ne d c ont ai ne d m et al c ont ent of 10M l bs Co E q by f oc us i ng on near t er m r es our c e ac c r et i n g pr oj ec t s i e M c A r a G ow g anda and F abr e G r ow t he c ur r ent r es our c e at G eum am S out h K or ea t o 10M t t ot al g r aphi t e c ont ent T G C R es our c e dr i l l i ng at t he P anam i nt l i t hi um pr oj ec t s C ont i nue t o i nv es t i g at e J V and M A oppo r t un i t i e s t o bui l d r es our c es and m i t i g at e r i s k H ol d al l pr oj ec t s and l and t enur e i n g ood s t andi ng F or m at i on of T ec hni c a l C om m i t t ee t o as s i s t t he boar d i n as s es s i ng t ec hni c al pr og r am s budg et s i nv es t m ent s di v es t m ent s et c A d v an ce BM R Proje cts A dv anc e at l eas t one C anadi a n c ob a l t pr oj ec t t o a N I 43 101 R es our c e E s t i m at e i n 2019 A dv anc e t he G eum um g r aphi t e r es our c e t o N I 43 101 P E A P r el i m i nar y E c onom i c A s s es s m ent t o enabl e i nv es t m ent by a s t r at eg i c i nv es t or S ec ur e f ar m i n J V on U S l i t hi um pr oj ec t s f ol l ow i ng P anam i nt dr i l l pr og r am S eek oppor t un i t i e s f or ear l y c as h f l ow w het her t hr oug h M A or f as t t r ac k dev el opm e n t of ex i s t i ng as s et s I dent i f y oppor t u ni t i e s t o r at i onal i z e l andh ol di n g s bas ed on as s es s m en t of dev el opm e n t pot ent i al T ar g et dr i l l i ng and ot her t ec hni c al ex pendi t u r es t o 85 of t he t ot al budg et Capitalize the busines s in a ma nne r tha t builds shareholder v alue and minimize s dilution P r epar i ng t he C om pan y and i t s s ubs i di ar i e s f or R T O l i s t i ng on T S X V i n Q 4 19 KEY BUSI NESS O BJ ECT I VES 2 0 1 9