BLISS LAKE & LITTLE NAHANNI

BUILDING OUT A DIVERSIFIED PORTFOLIO

  • Canada is one of the most exciting jurisdictions for hard rock lithium pegmatite exploration;
  • Pegmatites are a host material for lithium, and are an exceptionally coarse grained igneous rock, similar to granite, with interlocking crystals, formed by the consolidation of magma that intruded into other rock, and is usually found as dykes, lenses or veins;
  • Numerous pegmatites were discovered within a 100-km radius east, northeast and southeast of Yellowknife. Historic (pre NI 43-101) inferred tonnage for eight of those deposits varied from 2.3 million tonnes (grading 1.5% Li2 O) to 13.9 million tonnes (grading 1.2% Li2 O) ;
  • The Yellowknife Pegmatite Province is the one of the original Canadian lithium pegmatite districts.

BLISS LAKE LITHIUM PEGMATITE PROJECT

  • Bliss Lake Lithium Project is 5,798 hectares in area and totals five contiguous licences;
  • Less then 15km from Li-FT Power Ltd’s “Road Access Group” where numerous lithium bearing pegmatites have been identified and sampled with over 1% Li2O;
  • Numerous pegmatite occurrences identified from Landsat images on the Bliss Lake Project the largest of which is interpreted to be over 300 metres in strike length;
  • 30 kms from Yellowknife, 5 kms from road networks; and
  • Exploration to commence immediately.

LITTLE NAHANNI CLAIMS

  • Little Nahanni acquisition announced in August 2023, and covers approximately 900 hectares;
  • Situated in a pegmatite-rich area, with pegmatites first identified in 1961;
  • In close proximity to Lake Winn Resources Corp and Li-FT Power assets, where significant results of lithium have been identified;
  • Underexplored opportunity for lithium discovery and positive partnerships with regional stakeholders; and
  • Will complement ION’s current lithium exploration activities in Northwest Territories.