Lithium project located less than 250m from where a significant lithium discovery was made in 2022.

• Nevada is a well-established lithium jurisdiction which hosts some of the United States and the world’s largest lithium deposits including Thacker Pass and Silver Peak. Within the state, lithium is found predominantly within brines & clays (as opposed to pegmatites; see fig. 1).
• The Kibby Basin covers 54km² which is bound by the Pilot Mountains to the west. The Basin is located less than 60km north of the prolific Clayton Valley Basin which hosts the Silver Peak Lithium Mine, owned and operated by Albemarle Corp.
• Brines are highly conductive (due to their high salt contents). A magnetotelluric (“MT”) geophysical survey was completed in 2021 over the entirety of the Kibby Valley Basin and a 34km² significant conductive anomaly was identified.
• Subsequent drilling confirmed a c. 169m thick zone of lithium mineralization in drillhole KB22-02 which was determined to be open in all directions. Drillhole KM22-02 is located approximately 250m away from the Kibby Basin lithium Project highlighting the significant lithium potential within the company’s 100% owned claims.