Snow Lake Lithium Project - Snow lake Energy

Snow Lake Lithium Project

LARGE PROPERTY IN A PREMIER JURISDICTION

Located in mining-friendly jurisdiction with access and infrastructure

Preliminary Economic Assessment:

Pre-tax NPV of $1.7 Billion
Pre-tax IRR of 208%

Overview:

100% owned by Snow Lake
Consists of 2 Deposits: Thompson Brothers & Grass River
Thompson Brothers is a vertical, tabular shaped deposit
Grass River consists of 4 separate pegmatite dykes
25,000 m of drilling completed in 2022/2023
Mineral resource estimate: (8.2MT @ 1% Li2O)
- Measured resource: 748,000 tonnes 1.13% Li2O
- Indicated resource: 6,560,006 tonnes 1.10% Li2O
- Inferred resource: 1,007,119 tonnes 0.99% Li2O
89% of mineral resource in measured and indicated
Deposits remain open along strike and at depth
Potential to increase the project’s tonnage through a targeted exploration and drilling strategy

PROJECT HIGHLIGHTS

Drill results show promise of significant lithium resource

Excellent Dimensions

The Thompson Brothers dyke has been drill tested over a 1 km strike and to a vertical depth of ½ km
The deposit is tabular in form and dips near vertical

Excellent Widths

The deposit averages 7 to 10m in true width

Consistent Grades

Li2O grades within the deposit are consistent from contact to contact and drill hole to drill hole

Mining

Initial mine plan in the Preliminary Economic Assessment contemplated an underground mining operation accessed via ramp at Thompson Brothers and an initial open pit at Grass River, followed by underground mining

Exploration Upside

Significant exploration upside potential over the 59,587 acre property which is only 1% explored to date

NEXT PHASE WORK PROGRAM

Drilling

Grass River

Proposed in-fill drill holes in red
Drill holes not in resource in pink
Snow Lake drill holes in red

Thompson Brothers

Proposed drill holes in red
Historic drill holes in blue
Snow Lake drill holes in black

Program designed to support and upgrade resource classification, and to test extensions on both deposits

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Snow Lake Resources Ltd., d/b/a Snow Lake Energy Ltd.
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