Quarterly Activities Report – to 30 June 2024

Corporate

Exploration & Project Development

Canadian Projects:

Lac Carheil Graphite – Critical Minerals Project, Quebec, Canada:

Development of Critical & Strategic Minerals 2020-2025². During the Quarter considerable effort was applied to increasing the Company’s profile with government agencies and stakeholders. The project name was changed to Lac Carheil to better reflect its proximity to the major water feature of the same name and to avoid confusion among stakeholders. Various engagements, including consultations, led directly to the submission of an exploration impact assessment for the planned drilling program, consistent with the government’s new regulatory requirements. The Company awaits approval for the program. The Company entered into a series of agreements and launched six work programs, all required as part of our prefeasibility assessment (PFS)³. Major work agreed, underway or planned, included:

Corvette River Li, Au, Ag & Cu Project – Quebec, Canada

During the Quarter, the Company rapidly advanced planning, design and permitting for an extensive, phased, exploration program at Corvette River (see Figure 2). The aims of the exploration program are to follow up on promising Lithium bearing pegmatites, previously reported as the CR1⁷ Pegmatite (adjacent to Patriot Battery Metals (ASX: PMT) CV9 discovery^8,9) and the CS1 Pegmatite¹⁰, and historical field sampling with promising gold, silver and copper results¹¹. The Company’s exploration permit, which includes trenching and drilling, was approved during the Quarter.

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