Se para tion Rapid s Lithium Deposit Mineral Reso urces Est ima te Ma y 22 201 8 16 Mt L i 2 O T a 2 O 5 C s O R b 2 O Mt L i 2 O T a 2 O 5 C s O R b 2 O M e a s u r e d 2 4 2 5 1 4 4 0 0 0 0 5 0 0 1 0 0 3 2 2 0 9 3 9 1 4 1 0 0 0 0 8 0 0 2 7 0 4 7 3 I n d i c a t e d 3 9 9 2 1 3 9 1 0 0 0 6 0 0 1 2 0 3 3 8 1 0 4 9 1 4 0 2 0 0 0 9 0 0 2 5 0 4 6 9 M e a s u r e d I n d i c a t e d 6 4 1 6 1 4 0 9 0 0 0 6 0 0 1 1 0 3 3 2 1 9 8 9 1 4 0 6 0 0 0 9 0 0 2 6 0 4 7 1 I n fe r r e d 1 3 0 8 1 3 5 1 0 0 0 7 0 0 1 7 0 3 4 2 0 4 8 3 1 3 4 6 0 0 0 8 0 0 2 0 0 4 2 7 Mt L i 2 O T a 2 O 5 C s O R b 2 O M e a s u r e d 3 3 6 4 1 4 3 1 0 0 0 6 0 0 1 5 0 3 6 5 I n d i c a t e d 5 0 4 1 1 3 9 3 0 0 0 7 0 0 1 4 0 3 6 6 M e a s u r e d I n d i c a t e d 8 4 0 5 1 4 0 8 0 0 0 7 0 0 1 5 0 3 6 5 I n fe r r e d 1 7 9 1 1 3 4 9 0 0 0 7 0 0 1 8 0 3 6 5 PZ L P Z T ot a l P Z L P Z L e p i dolite Pe ta lite Z o n e L PZ F o o tn o te s 1 T h i s r e so u r ce e sti m a te i s va l i d a s o f M a y 2 2 2 0 1 8 2 CIM d e fi n i ti o n s wer e fo l l o wed fo r M i n e r a l Reso u r ce s 3 T h e Qu a l i fi e d P e r so n fo r th i s M i n e r a l Reso u r ce e sti m a te i s W i l l i a m M e r ce r P h D P G e o ON 4 T h e r e so u r ce e sti m a te i s b a se d o n A va l o n s d r i l l i n g o f 7 4 p r e vi o u s h o l e s to ta l l i n g 1 1 6 4 4 m e tr e s d r i l l e d b e twe e n 1 9 9 7 a n d 2 0 1 7 a n d a fu r th e r fo u r h o l e s to ta l l i n g 1 2 8 2 m e tr e s i n 2 0 1 8 5 Dr i l l d a ta was o r g a n i ze d i n M a xwel l Dat a S h e d a n d fo r e sti m a ti o n p u r p o se s was tr a n sfe r r e d to Ge o vi a GE M S 6 8 so ft war e whe r e i n th e b l o ck m o d e l was d e ve l o p e d 6 T he ge ol og i cal un i ts w er e m od el ed as ou tl i ne d by dr i l l cor e l og s 7 Reso u r ce s wer e e sti m a te d b y i n te r p o l a ti n g co m p o si te s wi th i n a b l o ck m o d e l o f 1 0 x 1 0 x 3 m e tr e b l o cks o r i e n te d a l o n g th e d e p o si t str i ke 8 Gr a d e i n te r p o l a ti o n u se d th e Or d i n a r y K r i g i n g m e th o d co m b i n e d wi th va r i o g r a m s a n d se a r ch e l l i p se s m o d e l e d fo r e a ch r o ck u n i t F o r P Z u n i t se a r ch e l l i p se s o f 5 0 x 3 5 x 1 5 m a n d 1 7 5 x 1 2 5 x 4 5 m wer e u se d fo r P a sse s 1 a n d 2 r e sp e cti ve l y F o r L P Z u n i t se a r ch e l l i p se s o f 3 5 x 2 5 x 8 7 5 x 5 0 x 1 5 a n d 1 1 5 x 7 5 x 2 5 wer e u se d fo r P a sse s 1 2 a n d 3 r e sp e cti ve l y 9 M e a su r e d m a te r i a l was d e fi n e d a s b l o cks i n te r p o l a te d u si n g P a sse s 1 a n d 2 u si n g co m p o si te s fr o m 4 d r i l l h o l e s a n d a d i sta n ce 2 5 m to th e n e a r e st co m p o si te a n d a d d i ti o n a l b l o cks wi th e xce l l e n t g e o l o g i ca l a n d g r a d e co n ti n u i ty In d i ca te d m a te r i a l i n cl u d e s b l o cks i n te r p o l a te d wi th P a ss 1 a n d 2 se a r ch e l l i p se s u si n g 3 d r i l l h o l e s a n d a d i sta n ce 3 5 m to th e n e a r e st co m p o si te a n d b l o cks wi th g e o l o g i ca l a n d g r a d e co n ti n u i ty In fe r r e d m a te r i a l was d e fi n e d a s b l o cks i n te r p o l a te d wi th a l l P a sse s co m p o si te s fr o m 2 d r i l l h o l e s a n d i n te r p o l a te d g e o l o g i ca l co n ti n u i ty u p to 4 0 m b e l o w d i a m o n d d r i l l h o l e s 10 T wo m e tr e co m p o si te s wer e u se d a n d n o ca p p i n g was n e ce ssa r y 11 T he m ea n de nsi ty of 26 5 tm 3 w as used for un i t 6A B C an d 26 2 tm 3 for un i t 6D 12 T h e cu t o ff g r a d e r e p o r te d i n th i s r e so u r ce e sti m a te 0 6 L i 2 O i s co n si ste n t wi th th e p r e vi o u sl y p u b l i sh e d r e so u r ce e sti m a te s b y A va l o n P r e l i m i n a r y E co n o m i c A sse ssm e n t 2 0 1 6 Nove m b e r 1 5 2 0 1 7 r e so u r ce e sti m a te 13 M i n e r a l r e so u r ce s d o n o t h a ve d e m o n str a te d e co n o m i c vi a b i l i ty a n d th e i r va l u e m a y b e m a te r i a l l y a ff e cte d b y e n vi r o n m e n ta l p e r m i tt i n g l e g a l ti tl e so ci o p o l i ti ca l m a r ke ti n g o r o th e r i ssu e s P e t alit e Z o n e PZ T o t a l P Z LPZ