Announcement PDF ASX Announcement Released 14 September 2023 Thick Mineralised Intercepts up to 31.75m @ 1.45% Li2O at Falcon Lake Highlights • Significant assay results returned from drilling program at Falcon Lake Lithium Project in Canada, with drilling continuing to delineate shallow, high-grade mineralisation. • Significant intercepts include: o 31.75 metres @ 1.45% Li2O from 14.46m down-hole, including: ▪ 14m @ 1.70% Li2O (23FL-031) o 14.7 metres @ 1.50% Li2O from 3.7m down-hole, including: ▪ 10m @ 1.81% Li2O (23FL-030) o 13.35 metres @ 1.50% Li2O from 5.4m down-hole, including: ▪ 5m @ 1.83% Li2O (23FL-024) o 11.45 metres @ 1.33% Li2O from 22.05m down-hole, including: ▪ 4m @ 1.93% Li2O (23FL-020) o 8.65 metres @ 2.04% Li2O from 3.6m down-hole: (23FL-018) • Previously reported intercept from 23FL-005 extended: o 29.75 metres @ 0.81% Li2O from 29.75m down-hole, including: ▪ 23m @ 1.00% Li2O (23FL-005) • Results continue to demonstrate the presence of significant pegmatite-hosted spodumene mineralisation at Falcon Lake, building on recently released maiden assay results including: o 27.6 metres @ 1.37% Li2O from 16.65m down-hole in 23FL-001 • Additional drilling is now being planned across the 5km of prospective mineralisation based on the highly successful summer fieldwork programme which is still ongoing at site. Battery Age Minerals Ltd (ASX: BM8; “Battery Age” or “the Company”) is pleased to report highly encouraging assay results from its drilling campaign at the Falcon Lake Lithium Project in Ontario, Canada. The latest batch of assays continues to confirm the presence of significant shallow mineralisation in a further 15 holes that have now been laboratory tested. These holes all intersected significant grades of spodumene mineralisation, building on the previously reported initial assay results as announced on the 26th of July. Battery Age Minerals Ltd ASX: BM8 ACN 085 905 997 batteryageminerals.au T: +61 (8) 6109 6689 E: info@batteryage.au Level 50, 108 St Georges Terrace Perth, WA 6000 PO Box 7310, Cloisters Square Po, WA 6850 1 All holes for which laboratory assays have been returned contain significant lithium mineralisation with composite highs of 1.45% Li2O over 31.75m in hole 23FL-031 and up to 2.04% Li2O in hole 23FL-018. Refer to table 1 below for further details. Figure 1 – 23FL-031 Core Box (1.45% Li2O over 31.75m) Figure 2 – Spodumene mineralisation in 23FL-018 (2.04% Li2O over 8.65m) The Company has continued to have success in its maiden drilling campaign with a further 15 holes beyond those reported in ASX Announcement “Wide zones of strong lithium mineralisation intercepted near surface in first holes at Falcon Lake” previously reported intersecting mineralised pegmatites ranging up to 2.04% Li2O. ASX Announcement Released 14 September 2023 2 Significant assay results returned to date are included in the table below: Hole 23FL-031 23FL-005 23FL-001 23FL-002 23FL-004 23FL-030 23FL-024 23FL-020 23FL-002 23FL-018 23FL-033 23FL-023 23FL-018 23FL-017 23FL-017 23FL-020 23FL-024 23FL-033 From_m 14.65 46.3 16.65 62 5.7 3.7 5.4 22.05 7.5 3.6 57.03 56.05 13.75 23.2 14.3 29 26.8 53.9 To_m 46.4 76.05 44.25 86 27.62 18.4 18.75 33.5 16.2 12.25 64.5 63.21 19.8 29.09 19 33 30.5 56.54 Interval_m 31.75 29.75 27.6 24 21.9 14.7 13.35 11.45 8.7 8.65 7.47 7.16 6.05 5.89 4.7 4 3.7 2.64 Li2O (%) 1.45 0.81 1.37 0.32 1.44 1.5 1.5 1.33 1.24 2.04 1.02 1.63 1.23 1.23 1 1.93 0.91 1.18 Table 1 - Assay result highlights from Falcon Lake, Intervals are down hole length, true width not known. Full table of results in Appendix 1 The results to date continue to confirm the potential for Falcon Like to host significant mineralisation with assay grades of up to 2.04% Li2O returned over 8.65m (23FL-018). ASX Announcement Released 14 September 2023 3 Figure 3 – Drill Collar Location Map – Falcon West To date 57 holes for 6462m has been drilled with assays received for 38 holes. A further 19 holes are currently awaiting assay. It is expected that assays for subsequent holes will be available within 6-8 weeks, in accordance with expected turnaround timeframes from the laboratory. Battery Age Managing Director Gerard O’Donovan commented: “We are very pleased with the follow-up assay results from our second batch of diamond holes at Falcon Lake. These results continue to confirm that we have significant mineralisation across many holes and in multiple locations across the property. “We are also excited about the high-priority targets that have been generated for the drill rig as part of the summer fieldwork programme which is ongoing at site”. “This fieldwork has given us a fantastic platform to continue drilling during the winter months across the 5km of mineralised corridor, building further on these recent discoveries. “This will enable us to continue defining the scale of mineralisation at Falcon Main.” ASX Announcement Released 14 September 2023 4 Drilling Continuation Following on from the recent successful capital raising and outstanding results generated by the ongoing summer fieldwork prospecting campaign, the Company will continue drilling through the winter months to test the significant pipeline of high priority targets it has identified across the 5km of mineralisation. Further field exploration work is ongoing including geochemical sampling and ground magnetic surveys. Following the completion and collation of this data set the Company will be able to further refine priority targets and will update the market accordingly as the drilling strategy is developed. Drilling to date has been mainly focussed in and around the historical lithium occurrences Falcon West, Discovery & East but with collated summer fieldwork data and ongoing geological interpretation work which is currently underway new areas will be tested across the 5km of Falcon Main. The Company will continue to keep the market updated as further assay results become available. [ENDS] Release authorised by the Board of Battery Age Minerals Ltd. Contacts Investors / Shareholders Gerard O’Donovan Managing Director P: +61 (0)8 6109 6689 E: info@batteryage.au Media Nicholas Read – Read Corporate P: +61 (0)8 9388-1474 / (0419) 929 046 E: nicholas@readcorporate.com.au Compliance Statement This report contains information on the Falcon Lake Project extracted from an ASX market announcement dated 26 July 2023, 2 August 203, 16 August 2023 and 6 September 2023 released by the Company and reported in accordance with the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). The original market announcement is available to view on www.batteryage.au and www.asx.com.au. Battery Age is not aware of any new information or data that materially affects the information included in the original market announcement. . Competent Person Statement The information in this Report that relates to Geological Data and Exploration Results for the Falcon Lake Lithium Project is based on, and fairly represents, information and supporting documentation compiled and reviewed by Mr Nigel Broomham (BSc (Hons) Geology & Resource Economics) who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and holds a Professional Certificate in JORC Code Reporting. Mr Broomham is the General Manager – Exploration of Battery Age Minerals. Mr Broomham has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Broomham consents to the inclusion in this report of the matters based on information in the form and context in which they appear. Mr Broomham holds securities in the Company. This announcement contains information regarding the Falcon Lake Lithium Project extracted from ASX market announcement dated 4 July 2023 and 7 December 2022 and reported in accordance with the 2012 JORC Code and available for viewing at batteryageminerals.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in any original announcement and that all material assumptions and technical ASX Announcement Released 14 September 2023 5 parameters underpinning the estimates in the original market announcement continue to apply and have not materially changed. Forward-Looking Statement This announcement may contain certain forward-looking statements and projections. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. Forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. Battery Age Minerals Limited does not make any representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this report has been prepared in good faith, neither Battery Age Minerals Limited or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. ASX Announcement Released 14 September 2023 6 Appendix 1 – Drill Collar Positions & Mineralised Intercepts Hole 23FL001 23FL002 23FL003 23FL004 23FL005 23FL006 23FL007 23FL008 23FL009 23FL010 23FL011 23FL012 23FL013 23FL014 23FL015 23FL016 23FL017 23FL018 23FL020 23FL021 23FL022 23FL023 23FL024 Length _m 56 125 122 44 101 145 50 101 140 41 122 53 101 140 305 140 41 86 92 101 41 110 77 UTM_Gri d NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N ASX Announcement Released 14 September 2023 UTM_E ast 418403. 3 418363. 7 418434. 4 418391. 8 418430. 2 418473. 8 418337. 6 418381. 2 418424. 7 418416. 1 418476. 5 418313. 1 418356. 6 418400. 2 418440 418443. 8 418350 418393. 5 418396. 4 418440 418399 418442. 5 418347. 1 UTM_No rth UTM_Eleva tion Azimu th Di p 5591981 5592004. 3 5591962. 6 5592037. 4 5592021. 9 5591997. 4 5591959. 3 5591934. 7 5591910. 2 5592069. 5 5592053. 2 5591915. 7 5591891. 2 5591866. 6 5591987. 7 5591842. 1 5591981. 1 5591956. 5 5592012. 3 5591987. 7 5592068. 2 5592043. 7 5591925. 3 359 300 360 300 359 300 363 300 361 300 360 300 358 300 359 300 361 300 362 300 362 300 359 300 361 300 362 300 356 300 361 300 60 60 60 60 60 60 60 60 60 60 60 60 60 60 80 60 60 60 60 60 60 60 60 357 300 354 300 355 300 356 300 361 300 364 300 358 300 Hole_Sta tus Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Assay_Sta tus Received Received Received Received Received Received Received Received Received Received Received Received Received Received Received Received Received Received Received Received Received Received Received 7 Hole 23FL025 23FL026 23FL029 23FL030 23FL031 23FL032 23FL033 23FL034 23FL035 23FL036 23FL037 23FL038 23FL039 23FL040 23FL041 23FL042 23FL043 23FL044 23FL045 23FL046 23FL047 23FL048 23FL049 23FL050 23FL051 Length _m 95 89 74 50 53 68 86 83.2 50 152 197 185 176 176 194 185 185 155 122 101 116 101 101 98 77 UTM_Gri d NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N ASX Announcement Released 14 September 2023 UTM_E ast 418390. 6 418434. 4 418420. 4 UTM_No rth 5591900. 7 UTM_Eleva tion Azimu th 358 300 362 300 361 300 418397 5591876 5592056. 1 5592051. 9 361 300 418360 5592029 362 210 418360 5592029 362 300 418342 420012. 6 419988. 1 420056. 8 420053. 5 5592034 361 210 5591877 339.03 300 5591834 341.19 300 5591853 341.41 300 5591797 342.45 300 419957 5591661 356 300 419905 5591680 300 300 419977 5591675 412 300 419949 5591636 412 300 419979 5591713 343 300 419995 42062.6 9 5591830 340 300 5591388 388 300 420673 5591419 388 300 420602 5591344 376 300 420698 5591463 392 300 420734 5591528 391 300 420704 5591648 390 300 420737 5591584 389 300 420663 5591545 384 300 Di p 60 60 60 60 60 60 60 60 60 60 60 55 60 55 55 55 60 55 55 55 55 55 55 55 55 Hole_Sta tus Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Assay_Sta tus Received Received Received Received Received Received Received Received Received Received Received Received Results Pending Results Pending Results Pending Results Pending Results Pending Results Pending Results Pending Results Pending Results Pending Results Pending Results Pending Results Pending Results Pending 8 Hole 23FL052 23FL053 23FL054 23FL055 23FL056 23FL057 Length _m 101 101 110 149 152 287 UTM_Gri d NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N NAD83_Z 16N UTM_E ast UTM_No rth UTM_Eleva tion Azimu th 420784 5591562 381 300 420430 5591471 383 310 420484 5591443 335 310 420527 5591468 393 290 420474 5591408 379 300 420474 5591408 379 310 Di p 55 50 50 60 50 80 Hole_Sta tus Complet ed Complet ed Complet ed Complet ed Complet ed Complet ed Assay_Sta tus Results Pending Results Pending Results Pending Results Pending Results Pending Results Pending Table 2 – Falcon Lake Completed Holes to date - Drill Collar Details Figure 4 – Falcon Lake completed DDH’s ASX Announcement Released 14 September 2023 9 Hole 23FL-001 23FL-002 23FL-002 23FL-003 23FL-004 23FL-005 23FL-007 23FL-007 23FL-008 23FL-008 23FL-008 23FL-010 23FL-014 23FL-017 23FL-017 23FL-018 23FL-018 23FL-018 23FL-020 23FL-020 23FL-021 23FL-023 23FL-024 23FL-024 23FL-024 23FL-030 23FL-031 23FL-033 23FL-033 23FL-034 23FL-034 23FL-037 23FL-037 From_m 16.65 7.5 62 40.18 5.7 46.3 9.05 29 29.8 33.7 39.43 28.75 13.38 14.3 23.2 3.6 13.75 69.5 22.05 29 46.52 56.05 5.4 26.8 37.8 3.7 14.65 53.9 57.03 30.05 32.44 97.45 160.55 To_m 44.25 16.2 86 43.62 27.62 76.05 15.64 32.52 32.5 34.55 47.28 29.3 14.95 19 29.09 12.25 19.8 80.5 33.5 33 48.37 63.21 18.75 30.5 39.6 18.4 46.4 56.54 64.5 32.19 32.89 98.5 161.7 Interval 27.6 8.7 24 3.44 21.92 29.75 6.59 3.52 2.7 0.85 7.85 0.55 1.57 4.7 5.89 8.65 6.05 10.55 11.45 4 1.85 7.16 13.35 3.7 1.8 14.7 31.75 2.64 7.47 2.14 0.45 1.05 1.15 Li2O_% 1.36 1.30 0.32 1.09 1.45 0.81 0.33 1.48 1.00 0.42 0.24 1.34 0.54 1.00 1.23 2.04 1.23 0.12 1.33 1.93 1.16 1.63 1.50 0.91 0.32 1.50 1.45 1.18 1.02 0.83 1.32 0.14 0.13 Table 3 – Mineralised Intervals (>0.1% Li2O) and greater than 0.45m. Intervals are down hole length, true width not known. ASX Announcement Released 14 September 2023 10 Appendix 2 – JORC CODE, 2012 EDITION – TABLE 1 Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria Sampling techniques JORC Code explanation • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. Drilling techniques • Drill type (eg core, reverse circulation, openhole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and Drill sample recovery Logging ASX Announcement Released 14 September 2023 Commentary • All diamond drill core is NQ (76mm) in this drilling program. • Diamond core sample intervals are logged for lithology, structural and geotechnical information, measured, photographed, and placed into numbered trays prior to sampling. • Core has been sampled on nominal ~1m intervals (0.80 – 1.20m) where possible unless geological boundaries dictate otherwise. • Geological boundaries have not been crossed by sample intervals. • ½ core samples have been split by core saw, collected, and submitted for analysis to AGAT Laboratories along with regular duplicates, standards and blanks in line with QAQC procedures. • The same side of the core is always sampled in-line with procedure. • All holes are NQ diamond drill holes. • A Gyro based system has been used for both rig alignment and downhole measurements on all holes. • All core is depth marked and oriented to check against drillers measurements (blocks), ensuring that all core loss is considered. Diamond core recovery is recorded into the database. • No significant core loss has been observed to date. • All drill cores have been geologically logged. • Geological logging is completed for all holes, and it 11 Criteria JORC Code explanation metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. • • • • Subsampling techniques and sample preparation Quality of assay data and laboratory tests Verification of sampling and assaying • If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. • • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. • • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry • ASX Announcement Released 14 September 2023 • • • • • • • Commentary is representative. The lithology, alteration, geotechnical and structural characteristics of drill samples are logged following standard procedures and using standardised geological codes. Logging is both qualitative and quantitative depending on field being logged. All drill-holes are logged in full. All drill core are digitally photographed and stored. All core has been cut and sampled at the core processing facility in Armstrong, Ontario. NQ core was split by saw in half, always using the same half for sampling purposes. Duplicate sampling is carried out routinely throughout the drilling campaign in line with QAQC procedure. The laboratory will carry out routine internal repeat assays on crushed samples. Considering the grain size, half core NQ samples are believed to be a representative of the sample. Samples have been submitted to AGAT laboratories. AGAT is an internationally certified independent service provider. Industry standard assay quality control techniques will be used for lithium related elements. Samples are submitted for multi-element ICP analysis Sodium Peroxide Fusion is used followed by combined ICP-OES and ICP-MS analyses (58 elements). No verification of sampling and assaying have been completed by BM8 to date. Selected sample results which are considered to be 12 Criteria Location of data points • • • • JORC Code explanation procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. • • • • Sample security • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. • The measures taken to ensure sample security. Audits or reviews • The results of any audits or reviews of sampling techniques and data. Data spacing and distribution Orientation of data in relation to geological structure • Commentary significant will be subjected to resampling by the company in the future. The drill hole collar positions in table 1 have been located by handheld GPS. On completion of drilling program, collar positions will be located by digital GPS and reports updated accordingly. The grid datum is NAD83 Zone 16N. Downhole surveys have been collected every 30m utilizing gyro tool. This is a preliminary drilling campaign and therefore suitable spacing and distribution to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation is yet to be determined. • Drilling has been in order to sample across the strike of the mineralisation, based on surface mapping and limited historical drilling. However, as this drilling is preliminary, further drilling is required to determine the orientation of mineralisation in this area. • At all times samples were in the custody and control of the Company’s representatives until delivery to the laboratory where samples are held in a secure enclosure pending processing. • No external audit has been undertaken at this stage. Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Criteria Mineral tenement JORC Code explanation • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ASX Announcement Released 14 September 2023 • Commentary All claims relating to the Falcon Lake Lithium Project minerals claims are in good 13 Criteria and land tenure status Exploration done by other parties JORC Code explanation ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. • Acknowledgment and appraisal of exploration by other parties. • • • • • • Geology • Deposit type, geological setting and style of mineralisation. Drill hole Information • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth ASX Announcement Released 14 September 2023 Commentary standing and are 90% owned by the company. Please refer to the company prospectus (dated 2nd Feb 2023) Annexure A, Table 3:1 for full table of Falcon Lake mineral claims. No known impediments. British Canadian Lithium Mines Ltd (“BCLM”) completed diamond drill (DD) holes in 1956. No core or collars have been located. Canadian Ore Bodies completed 3 DD holes in 2010. Argonaut Resources NL drilled six holes in 2016. Core and collars have been located. A summary of historical exploration activities is included in the Independent Geologists Report within the Company’s Prospectus (dated 2nd Feb 2023) Annexure A. • The Falcon Lake Project is underlain by Archean supracrustal and plutonic rocks of the Eastern Wabigoon Sub-province of the Superior Province along the northern edge of Lake Nipigon • The Falcon Lake Pegmatite Group consists of several pegmatite dykes that intrude amphibolitised mafic metavolcanic rocks. • These pegmatites are spodumene-subtype and are tantalum-rich. • All drill hole collar locations and mineralised intercepts have been reported in this report for all holes completed to date. • No relevant data has been excluded from this report. 14 Criteria • Data aggregation methods • • • Relationship between mineralisatio n widths and intercept lengths • • • Diagrams • Balanced reporting • Other substantive exploration data JORC Code explanation o hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating ASX Announcement Released 14 September 2023 Commentary • Low-cut of 0.1% Li2O has been applied to reported intercept assay values. • Intercept grades have been calculated by weighted average. • Internal highs have been calculated by selecting the relatively higher-grade internal zone when compared to the entire intercept. These zones are continuous downhole. • No metal equivalent values are reported. • Only downhole lengths are reported. • The exac