Western Lithium Resource Estimate Stage I (PCD) Lens Mineral Resources
Kings Valley Stage I (PDC) Indicated Mineral Resources
| Cutoff Li % |
Million Metric Tonnes |
Li % |
LCE Contained Metric Tonnes |
| 0.175 |
60 |
0.253 |
803,000 |
| 0.200 |
48 |
0.269 |
688,000 |
| 0.225 |
36 |
0.288 |
548,000 |
| 0.250 |
26 |
0.308 |
423,000 |
| 0.275 |
18 |
0.327 |
318,000 |
| 0.300 |
12 |
0.346 |
229,000 |
Kings Valley Stage I (PCD) Inferred Mineral Resources
| Cutoff Li % |
Million Metric Tonnes |
Li % |
LCE Contained Metric Tonnes |
| 0.175 |
54 |
0.252 |
723,000 |
| 0.200 |
42 |
0.269 |
606,000 |
| 0.225 |
30 |
0.291 |
471,000 |
| 0.250 |
21 |
0.317 |
353,000 |
| 0.275 |
16 |
0.334 |
282,000 |
| 0.300 |
10 |
0.358 |
197,000 |
*Inferred tons within 700 ft. of nearest drill hole, Indicated tons 2 drill holes within 660 ft., 1 within 470 ft.;
Contained metal does not allow for mine and metallurgical recovery; 17.8 ft3/ton tonnage factor used;
Economic assumptions for base-case cutoff grade (high-lighted), $3.50 Lithium Carbonate USD/lb, 60% metallurgical recovery,
$45 USD/ton processing, $2 USD/ton Mining;
Rounding errors may exist
Kings Valley Stage II (South) Indicated Mineral Resources
| Cutoff Li (%) |
Million Metric Tonnes |
Li (%) |
Contained LCE Metric Tonnes |
| 0.15 |
127 |
0.25 |
1,690,000 |
| 0.20 |
95 |
0.27 |
1,365,000 |
| 0.25 |
50 |
0.31 |
825,000 |
| 0.30 |
27 |
0.34 |
489,000 |
Kings Valley Stage II (South) Inferred Mineral Resources
| Cutoff Li (%) |
Million Metric Tonnes |
Li (%) |
Contained LCE Metric Tonnes |
| 0.15 |
74 |
0.23 |
906,000 |
| 0.20 |
47 |
0.26 |
650,000 |
| 0.25 |
20 |
0.30 |
319,000 |
| 0.30 |
9 |
0.34 |
163,000 |
* Inferred tonnes within 213 meters of nearest drill hole with at least 3 composites used in the estimation; indicated tonnes two drill holes within 143 meters with at least 6 composites used in the estimation.
Contained metal does not allow for mine and metallurgical recovery.
1.96 tonnes/m3 tonnage factor used.
Economic assumptions for cutoff grade are the same as for the Stage I (PCD) Lens PAEE: $3.50 lithium carbonate/lb, 60% metallurgical recovery.
$50/tonne processing, $2.20 USD/tonne mining.
Rounding errors may exist.