NEVADA ASSETS

Tonopah Lithium Project, Nevada, USA

TLP is in the Clayton Valley, in West Central Nevada, in the United States of America. TLP consist of 425 placer claims.

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Land Management

425 placer claims were renewed on 31 August 2018 and 14 have been forfeited due to a conflict with a highway right-of-way. The Company intends to secure new Claims over the non-conflicting portions of the 14 forfeited claims.

TLP placer claims

Source: Mineral Exploration Services, Ltd

Exploration

SRK completed a technical review and provided positive validation of the lithium brine resource potential at TLP and has recommended progressing with the early-stage exploration.

Gravity infill data survey was acquired over South TLP in August 2017. The newly acquired infill gravity data was merged with the existing gravity data and remodeled in August 2017 and shows a number of potential lithium brine reservoir targets (see Figure 3).