James Bay

Taycan

The Taycan Lithium Project is composed of 70 mineral claims covering approximately 3,600 ha within the prolific Corvette lithium camp in James Bay, Quebec. The Taycan Property is located approximately 14 kilometres south of the Trans-Taiga all-weather gravel highway and 18 kilometres south of the Cargair floatplane base.

The Project is contiguous to the Patriot Battery Metals Corvette Lithium Discovery and falls within the 50 km "CV Lithium Trend," a growing spodumene pegmatite district. The Project also includes the standalone "Lac Astrid" claim, which is enveloped by Patriot's Corvette property. Previous, early-stage exploration, including government mapping from 2011, identified white pegmatite outcrops with muscovite and tourmaline, which are prospective for hosting high-grade lithium

Figure 1: Lithium One’s Taycan, Ferrari and Bugatti Projects with Patriot Battery Metals Corvette Lithium project and the Corvette Lithium Trend in the James Bay region of Quebec.

Bugatti

The Bugatti Lithium property is comprised of 140 mining claims covering 7,363 ha in the James Bay lithium district. It is road accessible and approximately 30 km southwest of the Corvette Project owned by Patriot Battery Metals and 29 km southwest of LONE’s Taycan Lithium property. It is also 75 km away from the Adina Lithium Project owned by Winsome Resources who have intersected up to 1.34% Li2O over 107.6 m.

The Bugatti Lithium property is situated on a highly prospective Lithium-Caesium-Tantalum (LCT) pegmatite trend, spanning from Corvette Lake to the Adina Lithium project. The property is on the edge of the La Grande Greenstone Belt and is underlain by tonalite and gneiss with mapped pegmatites on the property. 

Ferrari

The Ferrari Lithium property is comprised of 180 mining claims running parallel to the Trans-Taiga road located less than 5 km from the La Grande 4 hydropower station.  The 9,022 ha property is located approximately 40 km northeast of LONE’s Taycan Lithium property, and 35 km northeast of the Pontois–Corvette Lithium Projects owned by Patriot Battery Metals (PMET.TSX).

The property is within the eastern part of the La Grande Greenstone Belt which is composed of multiple deformed sequences of Archean volcano-sedimentary and plutonic rocks (Houlé et al. 2015). The project covers a similar sequence of volcanic, ultramafic and paragneissic rocks as at Corvette and multiple pegmatite swarms have been mapped on surface.

Bus

The Bus Lithium Project is located within the central parts of the La Grande Greenstone Belt, in the James Bay Region, Quebec. The property is situated due west of the Pontois – Corvette Lithium Projects of Patriot Battery Metals (PMET.TSX) and immediately east of the Cancet Property of Winsome Resources (WR1.ASX). Both companies have made significant, recent discoveries of spodumene bearing pegmatite within the La Grande Greenstone Belt. The 680 ha property has multiple mapped pegmatites.

 

Carl Ginn, P.Geo., has approved the information contained in this presentation. Mr. Ginn is a Qualified Person pursuant to National Instrument 43-101.