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FIN RESOURCES LIMITED Capital/Financing Update 2023

May 28, 2023

64920_rns_2023-05-28_ee90ab6f-720a-45ec-8020-d1aadd848e2c.pdf

Capital/Financing Update

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ASX Release

==> picture [95 x 76] intentionally omitted <==

Multiple Lithium & REE Targets Identified and Additional Ground Staked at Ross Lithium Project

Highlights

  • The Ross Lithium Project (“Ross” or the “Project”) (James Bay, Quebec): Covers >30km strike length of underexplored greenstone belt located along strike to the east of the neighbouring Whabouchi lithium deposit (36.6 Mt at 1.3% Li20).

  • A comprehensive desktop review of the historical work completed across Ross has identified a significant number of pegmatitic granites which were mapped by Canadian Government geologists and previous private sector explorers which includes several coarse-grained pegmatites (incl. tourmaline pegmatites ) throughout the Project.

29 May 2023

ASX: FIN

Corporate Directory

Technical Director Brian Talbot Non-Executive Director Jason Bontempo

Non-Executive Director and Company Secretary Aaron Bertolatti

  • Additionally, a number of historical pegmatitic rock chip samples were assayed for Li ( Max 243ppm Li2O ), associated LCT pegmatite pathfinders and rare-earth elements (REEs), with several samples returning results for cerium (Ce) above the detection limit (Upper Detection Limit >500ppm Ce ).

  • High-resolution satellite imagery analysis completed over the Ross Lithium Project by Dr Neil Pendock has identified a significant number of possible lithium-caesium-tantalum (LCT) pegmatite outcrops which require priority field confirmation and follow up work.

  • FIN have now staked an additional 7 claims , covering an area of open ground immediately southwest of Ross that appears to be highly prospective for LCT pegmatites as highlighted by Dr Pendock’s work.

  • Compilation of the historical exploration data is ongoing and will be followed by detailed field mapping, outcrop sampling and geochemical sampling which is expected to be completed during the upcoming Canadian summer field season.

Fin Director, Mr Jason Bontempo stated “The Ross Lithium project has significantly exceeded our expectations since acquisition. Further desktop review including compilation and overlay of the results of historical work and recent satellite imagery completed, now presents the Ross Lithium Project to be highly prospectve for lithium and REE mineralisaton . This work has identified a significant number of possible pegmatite outcrops which FIN will immediately begin planning fieldwork to commence in the third quarter”

Registered Office 35 Richardson Street West Perth WA 6005

LCT PEGMATITE TARGETS IDENTIFIED AT ROSS LITHIUM PROJECT

A comprehensive desktop review of the historical exploration data available across the Ross Lithium Project has identified a significant number of pegmatitic granites which have been mapped across the Project by Canadian Government geologists and previous private sector explorers. Of particular importance is the frequency of fractionated / altered felsic rocks observed within the Project, which is very encouraging, including several coarse-grained pegmatites. Additionally, tourmaline, molybdenum crystals and biotite have been logged throughout the tenure within coarse grained pegmatites and granites.

[email protected] www.finresources.com.au

ABN: 25 009 121 644

LCT pegmatites are defined as a subset of granitic pegmatites that are associated with certain granites. They are a coarse-grained rock that consists mostly of quartz, potassium feldspar, albite, and muscovite. Common accessory minerals include garnet, tourmaline, and apatite. The major lithium ore minerals are spodumene, petalite, and lepidolite; cesium mainly comes from pollucite; and tantalum mostly comes from columbite-tantalite[1] .

Within a 2009 report submitted to SIGEOM by Landmark Minerals Inc whilst exploring for uranium (2008, GM64248[2] ), multiple pegmatite outcrops were successfully mapped throughout the Ross Project (see Figure 1 ). A number of samples taken from mapped pegmatite outcrops within the Ross Lithium Project were assayed for Li (Max Li2O 243.3ppm), associated LCT pegmatite pathfinders and REEs, with several samples returning results for Ce above the detection limit (Ce, Upper Detection Limit >500ppm Ce) (see Figure 2 ).

Further review of the historical results has identified that several of the rock chip samples returned elevated tantalum (Ta; max 1.79ppm) and caesium (Ce; max 5.99ppm), providing further evidence that fertile LCT pegmatites are likely present across the Ross Project.

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Figure 1 Ross Lithium Project overview showing anomalous Li2O results within historical pegmatite sampling, mapped pegmatitic outcrop from the geofiche government database and interpreted pegmatite trends

1 Bradley, Dwight, and McCauley, Andrew, 2013, A preliminary deposit model for lithium-cesium-tantalum (LCT) pegmatites (ver. 1.1, December 2016): U.S. Geological Survey Open-File Report 2013–1008, 7 p., https://doi.org/10.3133/ofr20131008.

2 Ministère des Ressources naturelles et des Forêts, SIGÉOM, Report reference GM64248 Landmark Minerals (2009).

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Figure 2 Ross Lithium Project overview showing anomalous Ce ppm results within historical pegmatite sampling, mapped pegmatitic outcrop from the geofiche government database and interpreted pegmatite trends

The results of this historical work, and the recent work completed by Dr Pendock has highlighted that the Ross Lithium Project appears highly prospective for lithium and REE mineralisation.

Consultant Dr Neil Pendock (Dirt Exploration) was engaged by Fin Resources Ltd (“FIN”) to complete multispectral analysis across the Mount Tremblant Lithium Projects (which include the Cancet West, Gaspe and Ross Projects; collectively the “Projects”). Results have now been received for the Ross Project where a significant number of exploration targets interpeted as potential LCT pegmatites have been mapped. A spectral unmixing of a September 2022 Sentinel-2 scene has produced two minerals, interpreted as hectorite and spodumene which are spatially correlated with nearly 109 rock chip samples within the region of interest that were assayed for lithium from the government geochemistry database (see Figure 1 ).

The exploration targets were generated by training a multivariate statistical classifier on the location of the governments rock chip samples. The classifier is a digital fingerprint of the lithium response in the region of interest that was selected surrounding Ross.

FIN have now staked an additional 7 claims, covering an area of open ground immediately southwest of the Ross Project. This newly staked ground appears highly prospective for LCT pegmatites as was highlighted by Dr Pendock’s work.

ABOUT THE ROSS LITHIUM PROJECT

After expansion, the Project covers a total area of ~8,900-hectares located approximately 90 km northeast of Nemaska Whabouchi spodumene-bearing pegmatites lithium deposit (proven resource 36.6 Mt @ 1.3% Li2O[3] ) (See Figure 3 ). The Whabouchi lithium deposit is hosted within northeastsouthwest striking greenstones that extend to the northeast towards the Ross Project.

The Ross Project covers more than 30 km of underexplored greenstone with significant potential to host LCT pegmatites and REE mineralisation within the Project.

==> picture [452 x 269] intentionally omitted <==

Figure 3: Ross Project location showing neighbouring lithium explorers and developers

Upcoming Works Programmes across the Mt Tremblant Lithium Projects

Near-term works programme for the three project areas to include;

  • Continued In-depth review of historical datasets and mapped outcrops across the Projects.

  • High-resolution satellite imagery acquisition and interpretation.

  • Remote sensing and geophysics as required, with interpretation in conjunction with the historic datasets and satellite imagery to highlight areas for ground-proofing and sampling during the upcoming summer season.

  • Preparations for the upcoming field season are underway with commencement planned during Q3 2023.

Authorised for release by: Jason Bontempo - Non-Executive Director

For further information contact:

Jason Bontempo - [email protected]

3 Mineral Reserve reported in accordance with NI 43-101, comprising Proven Mineral Reserve 19.0Mt @ 1.41% Li2O and 17.6Mt @ 1.19% Li2O Probable Mineral Reserve, See Nemaska Lithium Inc. (TSE: NMX) Updated NI 43-101.

Cautionary Note

The interpreted presence of pegmatite, pegmatite granite or visual spodumene does not equate to lithium mineralisation. The Company is encouraged by the geology identified by the initial work programmes within Cancet West, but no quantitative or qualitative assessment of mineralisation is possible at this stage. The Company plans to undertake field work to test for potential lithium mineralisation and laboratory analysis of rock chip samples is required to determine if the remote-sensing has mapped pegmatites and pegmatite granites that have the potential to host mineralisation.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by FIN and reviewed by Mr. Thomas Ridges who is a member of the Australian Institute of Mining and Metallurgy. Mr. Thomas Ridges is an employee of Sustainable Resources Pty Ltd consulting to FIN and 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 ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Ridges consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward looking statements

This release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on FIN’s current expectations, estimates and assumptions about the industry in which FIN operates, and beliefs and assumptions regarding FIN‘s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “potential” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are only predictions and not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of FIN. Actual values, results or events may be materially different to those expressed or implied in this release. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this release speak only at the date of issue of this release. Subject to any continuing obligations under applicable law and the ASX Listing Rules, FIN does not undertake any obligation to update or revise any information or any of the forward-looking statements in this release or any changes in events, conditions or circumstances on which any such forward looking statement is based. Actual values, results, interpretations or events may be materially different to those expressed or implied in this announcement.

Historical Reporting of Results

COMMENTS REGARDING THE REPORTING OF OTHER ENTITIES EXPLORATION RESULTS

  • The exploration results reported herein have been sourced from public reports as listed in the References.

  • The information in this announcement is an accurate representation of the available data for project that has been sourced to date.

  • The historical exploration results were not reported in accordance with the JORC Code

Appendix 1:

Historical Rock Chip Samples and Mapped Pegmatite Details

Sample Collection A Eurocopter AS350BA helicopter was contracted from Heli-Excel
and Medium: to provide transportation to the work sites from the base camp.
Radiometric prospecting was conducted using GR-110
scintillometers. The location of samples and scintillometer
readings were controlled with the use of handheld Garmin 60CS
GPS units.
Samples were selected during prospecting based on high
radiometric readings on scintillometers. Samples were always
taken when readings were above 900 counts/second, but often
outcrops of interest were sampled regardless of counts.
Pegmatites were sampled selectively in this way, as were outcrops
and boulders showing distinct "yellow product" (uranium oxides)
and sometimes disseminated fuchsite. Sampled material was
chosen to include as little cortex as possible to avoid depletions
and enrichments due to weathering.
Sample Spacing: Samples were sampled on an adhoc basis, not on an orientated
grid so sample spacing appears to have been fluid throughout the
programme.
Number of Samples: 39 samples with assay values within the Ross Project held by FIN
Resources.
QAQC: The exploration results reported herein have been sourced from a
publicly available SiGEOM Report GM64248. Details on QAQC,
Sample security and chain of custody are unknown.
Analysis: Samples were sent to the ALS Chemex sample preparation facility
in Val d'Or, Quebec, with pulps then sent to ALS Chemex in
Vancouver,, BC for analyses. All samples were crushed and

pulverized to <75 um by the lab. Two main analytical procedures were used.

ME-MS61 four acid digestion and 48 element mass) spectrometry was the primary analysis for determining U and Th, the primary elements of interest in this exploration

program.

Sample Preparation: Received Sample Weight

Sample login - Rcd w/o BarCode Screen to -180um and save both Sample Analysis: 48 element four acid ICP-MS

Element(Units) **Ag ppm ** Al % **Asppm ** **Bappm ** **Beppm ** **Bippm ** Ca % **Cdppm ** **Ceppm ** **Coppm ** **Crppm ** **Csppm ** **Cuppm ** Fe % **Gappm ** **Geppm ** **Hfppm ** **Inppm ** K %
Lower Detection Limit 0.01 0.01 0.2 10 0.08 0.01 0.01 0.02 0.01 0.1 1 0.05 0.2 0.01 0.05 0.05 0.1 0.008 0.01
Count 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39
Min 0.01 0.05 0.005 20 0.005 0.005 0.12 0.005 0.42 0.2 3 0.07 0.8 0.028472 0.38 0.005 0.1 0.001 0.04
Max 0.3 9.73 3.9 1840 2.68 1.54 7.13 0.63 500 34.1 160 5.99 119.5 6.63 54.7 3.5 66.5 0.089 6.33
Mean 0.05 5.59 0.03 325.60 0.87 0.05 0.86 0.02 82.80 1.58 13.20 1.46 3.06 0.80 15.26 0.18 5.12 0.01 2.36
S.D. 0.05 2.15 0.71 388.42 0.65 0.35 1.31 0.12 176.74 6.04 30.58 1.20 20.19 1.44 9.26 0.58 13.30 0.02 1.81
P25 0.03 6.615 0.005 225 0.665 0.02 0.53 0.005 31.05 0.65 8 1.07 1.3 0.425 14.175 0.1 3.05 0.005 2.215
P50 0.04 7.07 0.005 350 1.03 0.05 0.78 0.02 104 1.4 12 1.69 2.1 0.71 16.2 0.15 6.4 0.008 3.74
P75 0.07 7.77 0.35 720 1.615 0.085 1.43 0.06 248 3.6 15 2.325 5.05 1.68 19.875 0.295 10.3 0.017 4.985
P97.5 0.1385 9.4735 1.525 1279.5 2.547 1.5305 4.09 0.383 500 18.33 104.9 5.325 56.895 5.5755 36.27 1.315 46.265 0.05005 6.007
Contrast(P97.5/P50) 3.5 1.3 305.0 3.7 2.5 30.6 5.2 19.2 4.8 13.1 8.7 3.2 27.1 7.9 2.2 8.8 7.2 6.3 1.6
Contrast(Max/P97.5) 2.2 1.0 2.6 1.4 1.1 1.0 1.7 1.6 1.0 1.9 1.5 1.1 2.1 1.2 1.5 2.7 1.4 1.8 1.1
Element(Units) **Lappm ** **Lippm ** Li2O Mg % **Mnppm ** **Moppm ** Na % **Nbppm ** **Nippm ** **Pppm ** **Pbppm ** **Rbppm ** **Reppm ** S % **Sbppm ** **Scppm ** **Seppm ** **Snppm ** **Srppm **
Lower Detection Limit 0.5 0.2 1.2 0.01 5 0.05 0.01 0.1 0.2 10 0.5 0.1 0.002 0.01 0.05 0.1 1 0.2 0.2
Count 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39
Min 0.005 0.005 0.010765 0.02 32 0.18 0.01 0.1 0.8 50 4.5 0.9 0.001 0.005 0.005 0.1 0.005 0.005 18.9
Max 4080 113 243.289 2.18 22800 80.6 4.44 35.8 78.3 10000 436 243 0.052 0.24 0.33 19.9 9 2.2 555
Mean 42.43 9.89 21.30 0.16 143.33 2.17 1.80 3.11 3.80 283.77 52.42 89.75 0.00 0.01 0.01 2.24 0.61 0.35 185.52
S.D. 661.17 19.02 40.95 0.41 4702.11 16.57 0.94 8.38 16.11 2157.35 86.77 67.02 0.01 0.05 0.08 4.33 1.60 0.53 111.34
P25 13.9 9.4 20.2382 0.06 55.5 0.67 1.88 1.2 1.7 120 38.6 83.85 0.001 0.005 0.005 1.1 1 0.3 145.5
P50 48.1 13.4 28.8502 0.14 90 1.02 2.1 3.6 2.3 200 53.2 138 0.001 0.01 0.005 2.2 2 0.5 223
P75 120.25 17.05 36.70865 0.35 217 6.925 2.635 6.9 6.65 695 77.15 177 0.001 0.01 0.005 4.5 2 0.8 272
P97.5 1382 62.84 135.2945 1.097 20140 61.6 4.421 35.61 51.985 10000 374.25 240.15 0.0102 0.183 0.3205 17.145 5.2 1.82 417.25
Contrast(P97.5/P50) 28.7 4.7 4.7 7.8 223.8 60.4 2.1 9.9 22.6 50.0 7.0 1.7 10.2 18.3 64.1 7.8 2.6 3.6 1.9
Contrast(Max/P97.5) 3.0 1.8 1.8 2.0 1.1 1.3 1.0 1.0 1.5 1.0 1.2 1.0 5.1 1.3 1.0 1.2 1.7 1.2 1.3
Element(Units) **Tappm ** **Teppm ** **Thppm ** Ti % **TIppm ** **Upppm ** **Vppm ** **Wppm ** **Yppm ** **Znppm ** **Zrppm **
Lower Detection Limit 0.05 0.05 0.2 0.005 0.02 0.1 1 0.1 0.1 2 0.5
Count 39 39 39 39 39 39 39 39 39 39 39
Min 0.005 0.005 0.005 0.005 0.005 1 0.005 0.005 0.2 3 2.2
Max 1.79 0.06 3230 0.515 1.96 1260 87 136 366 103 500
Mean 0.18 0.01 45.24 0.04 0.52 19.99 3.15 0.21 11.83 15.91 118.71
S.D. 0.38 0.01 530.09 0.12 0.43 212.23 17.85 24.77 62.18 23.78 160.26
P25 0.085 0.005 24.55 0.0175 0.4 4.3 2 0.1 5.2 7 64.8
P50 0.2 0.005 52.4 0.034 0.78 22.4 6 0.2 11 16 164
P75 0.37 0.005 114.75 0.122 1.02 63.7 10.5 0.3 23.45 37 264
P97.5 1.7045 0.06 1216 0.4105 1.789 469.6 68.95 84.605 148.925 87.8 500
Contrast(P97.5/P50) 8.5 12.0 23.2 12.1 2.3 21.0 11.5 423.0 13.5 5.5 3.0
Contrast(Max/P97.5) 1.1 1.0 2.7 1.3 1.1 2.7 1.3 1.6 2.5 1.2 1.0

Appendix 2: Mapped Pegmatitic Material – Relevant Details from SIGEOM Geofiche Data

NUMR_GEOFC DATE_OBSR FUS_UTM Easting Northing Comment CODE_ROCH1 MINR1 STRUTEXT1 CODE_ROCH2 MINR2 STRUTEXT2 CODE_ROCH3 MINR3 STRUTEXT3 DATE_PREM
457953 20210622 NAD83
Z18
531795 5768954 Amphibolite enclaves
are in places in sharp
contact and
sometimes driven by
deformation, taking
an elongated shape.
I1B AP BO GG GM PG
LX
M16 HB BO GF GM FO 10/03/2022
457955 20210622 NAD83
Z18
532124 5768133 Pegmatitic pockets
are present with
centimetric biotite
locally. Pockets rich in
quartz are also
observed. An enclave
of decimetric
paragneiss and a
border of biotite is
observed.
I1B BO GM GG PG
HJ SH
M4 BO GF FO 10/03/2022
457956 20210622 NAD83
Z18
532272 5767680 Locally, a slight
hematization and
garnet are present.
Locally digested
paragneiss enclaves
are observed.
I1B BO GR SH GG GM
PG
M4 BO GF FO 10/03/2022
457957 20210622 NAD83
Z18
532322 5767016 The plagioclases are
gray and there is
strong red
weatheringlocally.
I1B BO GG GM PG M4 BO EP FO GF HJ 10/03/2022
457958 20210622 NAD83
Z18
532894 5766693 This heterogeneous
outcrop is composed
of quartzitic, folded
sedimentary rocks
with compositional
changes. This
paragneiss is in
contact with a unit
which appears to be a
tuff due to the
presence of layered
and clastic horizons.
two units contain
mobilisate of similar
composition showing
M4 BO AM DC HK AA
GM PQ ST
V2 BO TX ST HK
GM DC
M15 TL HJ FO GM 10/03/2022
NUMR_GEOFC DATE_OBSR FUS_UTM Easting Northing Comment CODE_ROCH1 MINR1 STRUTEXT1 CODE_ROCH2 MINR2 STRUTEXT2 CODE_ROCH3 MINR3 STRUTEXT3 DATE_PREM
centimetric
amphibole
porphyroblasts.
457966 20210622 NAD83
Z18
528917 5765904 The outcrop
corresponds to a
relief, under a
windfall, showing
heterogranular white
granite with clusters
of centimetric biotites
dispersed
homogeneously in
the rock. There is a
beginning of graphic
texture and
chloritization of
biotites.
I1B BO GG PG MA 10/03/2022
457968 20210622 NAD83
Z18
529874 5765731 The outcrop
corresponds to a
mound composed of
white granite with
rounded centimetric
clusters of biotite.
The grain size varies
diffusely and rapidly
with pegmatitic
zones.
I1B BO GM PG MA
HG GG
10/03/2022
457969 20210622 NAD83
Z18
530344 5765584 The outcrop
corresponds to a
granite hill, with large
rectangular piles of
biotite several
centimeters. At the
eastern limit of the
outcrop, there is a
well-deformed
amphibolite, at least
one meter thick.
biotite and
hornblende. There is
no visible closure, but
it could be an
enclave. A small
enclave of the same
I1B BO GG PG MA M16 PG BO
HB
GR HJ GM
GF FO
10/03/2022
NUMR_GEOFC DATE_OBSR FUS_UTM Easting Northing Comment CODE_ROCH1 MINR1 STRUTEXT1 CODE_ROCH2 MINR2 STRUTEXT2 CODE_ROCH3 MINR3 STRUTEXT3 DATE_PREM
nature was seen
higher up on the
outcrop. This
amphibolite would be
derived from a basalt
according to the
analysis
457971 20210622 NAD83
Z18
531021 5764505 It is a small outcrop
composed of pink
granite in places,
heterogranular.
Clearly defined areas
are medium-grained,
with centimetric K-
feldspar phenocrysts.
Elsewhere, we note
the presence of
diffuse pegmatitic
granite. There are
large clusters of
centimetric biotite
visible on the surface
and the beginning of
a graphic texture in
places.
I1B BO GG GM PG
MA HG OY
10/03/2022
457976 20210622 NAD83
Z18
528570 5762766 Granite injecting
various units of pencil
granodiorite,
stromatic diatexite
and enclaves of
paragneiss. The
granite is in the
process of paragneiss
digestion. Everything
is more or less
elongated according
to the N70 direction.
Granodiorite is
mostly at the bottom
of the hill, but can
occur near diatexite.
The granite seems to
systematically
separate them. In
I1B BO GG SH HG
MA PG GM
I1C CL PY
EP
YL HJ GM M21 BO SK GR GM
FO GF
10/03/2022
NUMR_GEOFC DATE_OBSR FUS_UTM Easting Northing Comment CODE_ROCH1 MINR1 STRUTEXT1 CODE_ROCH2 MINR2 STRUTEXT2 CODE_ROCH3 MINR3 STRUTEXT3 DATE_PREM
places, we note the
presence of circular
cavities with a
diameter of several
centimeters and a
depth of millimeters.
457977 20210622 NAD83
Z18
528359 5763246 Very heterogranular
granite, possibly
comprising two
phases, one fine-
grained and the other
pegmatitic. No trace
of paragneiss at the
topof the mountain.
I1B BO GG PG MA
HG GF GM
10/03/2022
457978 20210622 NAD83
Z18
528442 5764460 Band of paragneiss
intercalated with
bands of amphibolite,
all injected with
granite. The
paragneiss has
undergone very little
partial melting and
shows obvious
compositional
bedding. In places in
the paragneiss, there
are bands millimeter
to centimeter rich in
hornblende. The
proportion of
hornblende varies
across the unit. The
contact between
amphibolite and
paragneiss is sharp.
Amphibolite has
variations in
hornblende content.
I1B BO HB
MG
MA PG GG
GM
M16 HB FO GM RU 21/04/2022
457979 20210622 NAD83
Z18
527977 5764968 Long outcrop of
heterogeneous
granite. At least two
phases of granite,
one white,
pegmatitic,and the
I1C BO EP GM GG PG
MA HK
M16 HB FO GF GM 10/03/2022
NUMR_GEOFC DATE_OBSR FUS_UTM Easting Northing Comment CODE_ROCH1 MINR1 STRUTEXT1 CODE_ROCH2 MINR2 STRUTEXT2 CODE_ROCH3 MINR3 STRUTEXT3 DATE_PREM
other dew, less
important. There is
possibly a third, finer-
grained phase.
According to the
petrographic study
and the
geochemistry, the
fine-grained granitic
phase would rather
be agranodiorite.
458101 20210701 NAD83
Z18
526463 5764281 I1B BO GG GM PG
HJ
23/11/2021
458108 20210701 NAD83
Z18
521234 5767678 Unmigmatized
paragneiss under a
granite cover. The
paragneiss shows in
places an intense
alignment of biotite.
I1B BO MA SH PG
GG
M4 BO LF FO GF 10/03/2022
458111 20210701 NAD83
Z18
522524 5766586 Granite with
paragneiss enclave.
I1B BO GM GG PG
MA HG
M4 BO GF FO GR I1 GF 10/03/2022
458162 20210705 NAD83
Z18
524773 5770099 Coarse-grained
granite. Same as 21-
WM-2140. No
enclave. No other
outcrops around.
I1B BO AP GP GG PG
MA
10/03/2022
458164 20210705 NAD83
Z18
524881 5769249 Granite with
decimetric to metric
enclaves of foliated
tonalite
I1B BO GG PG MA I1D HB BO GM FO 10/03/2022
458167 20210705 NAD83
Z18
525450 5768445 Paragneiss with
pegmatiticgranite.
I1B BO GG PG MA M4 BO GF FO SK
GR
I1 GM GF 10/03/2022
458174 20210705 NAD83
Z18
523276 5769046 I1B BO GG GM PG
SH
23/11/2021
458175 20210705 NAD83
Z18
523763 5768859 I1B BO GG GM PG
MA
M4 BO GM GF FO
LF HJ
I1D BO HJ FO GF 23/11/2021
458176 20210705 NAD83
Z18
523695 5768283 I1B BO GG GM PG 23/11/2021
458178 20210705 NAD83
Z18
528659 5770036 Large flat outcrop of
white granite with
decimetric enclaves
of well-foliated,
hornblende-rich
quartz diorite. The
I1B BO PG HK HG
GG GM MA
I2I HB GMGG FO
HJ LE
I1 GF 10/03/2022
NUMR_GEOFC DATE_OBSR FUS_UTM Easting Northing Comment CODE_ROCH1 MINR1 STRUTEXT1 CODE_ROCH2 MINR2 STRUTEXT2 CODE_ROCH3 MINR3 STRUTEXT3 DATE_PREM
quartz diorite is
slightly migmatized. It
contains darker levels
inside, banding
observed at outcrop
21-SG-4132.
458180 20210705 NAD83
Z18
529497 5769525 Heterogranular
granite with some
biotite crossed by a
50 cm thick dyke
oriented E-W. Rock is
not magnetic.
I1B BO GM GG PG
MA HJ HG
I3B OY HJ GT 10/03/2022
458181 20210705 NAD83
Z18
530070 5769606 Large outcrop of pink
granite, massive and
heterogranular.
I1B BO GG PG MA
HJ HG
10/03/2022
458182 20210705 NAD83
Z18
530514 5769546 Granite injecting into
a tonalite poor in
ferromagnesian
minerals. Tonalite is
slightly foliated and is
marked by the
flattening of its
quartz crystals in an
E-W orientation. The
rock is slightly
magnetic.
I1B MG
BO
HJ MA HG
GG PG
I1C PY MG
BO CL
GF GM FO
HJ
10/03/2022
458183 20210705 NAD83
Z18
530673 5769080 Homogeneous and
massive pink granite
with a 60 cm long
enclave ofparagneiss.
I1B EP BO GG MA PG
HJ HG
M4 BO GF FO HJ
GR
10/03/2022
458184 20210705 NAD83
Z18
530372 5768762 Non-magnetic biotite
granite.
I1B BO GG PG MA
HJ HG
10/03/2022

Geofiche Logging Codes

CODE_ROCH1 & CODE_ROCH2 & CODE_ROCH3 & CODE_ROCH4 STRUTEXT1 & STRUTEXT2 & STRUTEXT3 & STRUTEXT4 STRUTEXT1 & STRUTEXT2 & STRUTEXT3 & STRUTEXT4
I1 Felsic intrusive rocks FO Foliated
I1B Granite GG Coarse grained (rocks codes V,I,M,T = 5
mm to 3cm)
I1C Granodiorite GF Fine grained (rocks codes V,I,M,T = 0,1 to 1
mm)
I1D Tonalite GM Medium grained (rocks codes V,I,M,T = 1
mm to 5mm)
I2I Quartz diorite GR Granoblastic
I3B Diabse GT Very fine grained (rocks codes V,I,M,T=,01
to,1mm)
M15 Metasomatic rocks(includingskarn & tactite) HG Heterogranular
M16 Amphibolite HJ Homogenous
M4 Paragneiss HK Heterogeneous
M21 Diatexite LE Lenticular
LF Lepidoblastic
MINR1 & MINR2 & MINR3 & MINR4 LX Leucocratic
AP Apatite MA Massive
BO Biotite OY Pseudoporphyritic
CL Chlorite PG Pegmatitic
EP Epidote SH Schlieren
GR Garnet SK Stromatic
HB Hornblende RU Banded
MG Magnetite YL L-tectonite
PG Plagioclase
PY Pyrite
TL Tourmaline

https://sigeom.mines.gouv.qc.ca/signet/classes/I0000_serviceWeb?l=a

Appendix 3:

Summary of Historical Exploration Across Ross Claims

Ross Project Historic Reports Ross Project Historic Reports
SIGEOM
REPORTID
Type Title Year Company
GM64036 Geochemistry RAPPORT D'EVALUATION TECHNIQUE SUR LE POTENTIEL EN MINERALISATION URANIFERE
DE LA PROPRIETE STRATEGIS
2008 Big Red Diamond Corporation
GM64248 Geochemistry REPORT ON THE FIELD WORK AND RESULTS OF 2006-2007 EXPLORATION WORK ON THE
RUPERT RIVER URANIUM PROJECT
2008 Landmark Minerals Inc.
GM34175 Geochemistry PROJET VERIFICATION D'ANOMALIES GEOCHIMIQUES, PERMIS SDBJ-3 1978 SOCIETE DE DEVELOPPEMENT DE
LA BAIE JAMES
GM54463 Geochemistry RAPPORT DES TRAVAUX, PROPRIETE LAC PACIFIQUE 1996 MINES D'OR VIRGINIA INC
GM54627 Geology REPORT ON 1995 DIAMOND DRILLING, LAC HUDSON PROJECT 1996 Eastmain Resources Inc.
GM32951 Geology EVALUATION PORTANT SUR L'ACCESSIBILITE ET LE DEVELOPPEMENT DE LA REGION DU
NORD-OUEST QUEBECOIS
1969 Energie et Ressources naturelles
Quebec
GM64249 Geophysics TECHNICAL REPORT ON HELIBORNE MAGNETIC AND RADIOMETRIC SURVEYS, RUPERT
PROJECT
2008 Landmark Minerals Inc.
GM49771 Geophysics TRAITEMENT ET ANALYSE DE DONNEES LANDSAT TM ET GEOPHYSIQUES, REGION DE LA
BAIE JAMES
1990 Michel Rheault-Consultant
DPV720 Geology Rapport préliminaire, région de la gorge Prosper, territoire de la Baie James 1980 A. Franconi

Appendix 4:

Ross Mineral Claims

Project Title No Status Expiry Date Area
(Ha)
Ross 2724252 Active 06/02/2026
23:59
53
Ross 2724253 Active 06/02/2026
23:59
53
Ross 2724254 Active 06/02/2026
23:59
53
Ross 2724255 Active 06/02/2026
23:59
53
Ross 2724256 Active 06/02/2026
23:59
53
Ross 2724257 Active 06/02/2026
23:59
53
Ross 2724258 Active 06/02/2026
23:59
53
Ross 2724259 Active 06/02/2026
23:59
53
Ross 2724260 Active 06/02/2026
23:59
52,99
Ross 2724261 Active 06/02/2026
23:59
52,99
Ross 2724262 Active 06/02/2026
23:59
52,99
Ross 2724263 Active 06/02/2026
23:59
52,99
Ross 2724264 Active 06/02/2026
23:59
52,99
Project Title No Status Expiry Date Area
(Ha)
Ross 2724265 Active 06/02/2026
23:59
52,99
Ross 2724266 Active 06/02/2026
23:59
52,99
Ross 2724267 Active 06/02/2026
23:59
52,99
Ross 2724268 Active 06/02/2026
23:59
52,98
Ross 2724269 Active 06/02/2026
23:59
52,98
Ross 2724270 Active 06/02/2026
23:59
52,98
Ross 2724271 Active 06/02/2026
23:59
52,98
Ross 2724272 Active 06/02/2026
23:59
52,98
Ross 2724273 Active 06/02/2026
23:59
52,98
Ross 2724274 Active 06/02/2026
23:59
52,98
Ross 2724275 Active 06/02/2026
23:59
52,98
Ross 2724276 Active 06/02/2026
23:59
52,97
Ross 2724277 Active 06/02/2026
23:59
52,97
Ross 2724278 Active 06/02/2026
23:59
52,97
Ross 2724279 Active 06/02/2026
23:59
52,97
Project Title No Status Expiry Date Area
(Ha)
Ross 2724280 Active 06/02/2026
23:59
52,97
Ross 2724281 Active 06/02/2026
23:59
52,97
Ross 2724282 Active 06/02/2026
23:59
52,97
Ross 2724283 Active 06/02/2026
23:59
52,97
Ross 2724284 Active 06/02/2026
23:59
52,97
Ross 2724285 Active 06/02/2026
23:59
52,97
Ross 2724286 Active 06/02/2026
23:59
52,97
Ross 2724287 Active 06/02/2026
23:59
52,97
Ross 2724288 Active 06/02/2026
23:59
52,97
Ross 2724289 Active 06/02/2026
23:59
52,97
Ross 2724290 Active 06/02/2026
23:59
52,97
Ross 2724291 Active 06/02/2026
23:59
52,96
Ross 2724292 Active 06/02/2026
23:59
52,96
Ross 2724293 Active 06/02/2026
23:59
52,96
Ross 2724294 Active 06/02/2026
23:59
52,96
Project Title No Status Expiry Date Area
(Ha)
Ross 2724295 Active 06/02/2026
23:59
52,96
Ross 2724296 Active 06/02/2026
23:59
52,96
Ross 2724297 Active 06/02/2026
23:59
52,96
Ross 2724298 Active 06/02/2026
23:59
52,96
Ross 2724299 Active 06/02/2026
23:59
52,96
Ross 2724300 Active 06/02/2026
23:59
52,96
Ross 2724301 Active 06/02/2026
23:59
52,95
Ross 2724302 Active 06/02/2026
23:59
52,95
Ross 2724303 Active 06/02/2026
23:59
52,95
Ross 2724304 Active 06/02/2026
23:59
52,95
Ross 2724305 Active 06/02/2026
23:59
52,95
Ross 2724306 Active 06/02/2026
23:59
52,95
Ross 2724307 Active 06/02/2026
23:59
52,95
Ross 2724308 Active 06/02/2026
23:59
52,95
Ross 2724309 Active 06/02/2026
23:59
52,95
Project Title No Status Expiry Date Area
(Ha)
Ross 2724310 Active 06/02/2026
23:59
52,95
Ross 2724311 Active 06/02/2026
23:59
52,95
Ross 2724312 Active 06/02/2026
23:59
52,95
Ross 2724313 Active 06/02/2026
23:59
52,94
Ross 2724314 Active 06/02/2026
23:59
52,94
Ross 2724315 Active 06/02/2026
23:59
52,94
Ross 2724316 Active 06/02/2026
23:59
52,94
Ross 2724317 Active 06/02/2026
23:59
52,94
Ross 2724318 Active 06/02/2026
23:59
52,94
Ross 2724319 Active 06/02/2026
23:59
52,94
Ross 2724320 Active 06/02/2026
23:59
52,94
Ross 2724321 Active 06/02/2026
23:59
52,94
Ross 2724322 Active 06/02/2026
23:59
52,93
Ross 2724323 Active 06/02/2026
23:59
52,93
Ross 2724324 Active 06/02/2026
23:59
52,93
Project Title No Status Expiry Date Area
(Ha)
Ross 2724325 Active 06/02/2026
23:59
52,93
Ross 2724326 Active 06/02/2026
23:59
52,93
Ross 2724327 Active 06/02/2026
23:59
52,93
Ross 2724328 Active 06/02/2026
23:59
52,92
Ross 2724329 Active 06/02/2026
23:59
52,92
Ross 2724330 Active 06/02/2026
23:59
52,96
Ross 2724331 Active 06/02/2026
23:59
52,96
Ross 2724332 Active 06/02/2026
23:59
52,96
Ross 2724333 Active 06/02/2026
23:59
52,96
Ross 2724334 Active 06/02/2026
23:59
52,96
Ross 2724335 Active 06/02/2026
23:59
52,96
Ross 2724336 Active 06/02/2026
23:59
52,96
Ross 2724337 Active 06/02/2026
23:59
52,95
Ross 2724338 Active 06/02/2026
23:59
52,95
Ross 2724339 Active 06/02/2026
23:59
52,95
Project Title No Status Expiry Date Area
(Ha)
Ross 2724340 Active 06/02/2026
23:59
52,95
Ross 2724341 Active 06/02/2026
23:59
52,95
Ross 2724342 Active 06/02/2026
23:59
52,95
Ross 2724343 Active 06/02/2026
23:59
52,95
Ross 2724344 Active 06/02/2026
23:59
52,95
Ross 2724345 Active 06/02/2026
23:59
52,94
Ross 2724346 Active 06/02/2026
23:59
52,94
Ross 2724347 Active 06/02/2026
23:59
52,94
Ross 2724348 Active 06/02/2026
23:59
52,94
Ross 2724349 Active 06/02/2026
23:59
52,94
Ross 2724350 Active 06/02/2026
23:59
52,94
Ross 2724351 Active 06/02/2026
23:59
52,93
Ross 2724352 Active 06/02/2026
23:59
52,92
Ross 2724353 Active 06/02/2026
23:59
52,91
Ross 2724354 Active 06/02/2026
23:59
52,91
Project Title No Status Expiry Date Area
(Ha)
Ross 2724355 Active 06/02/2026
23:59
52,91
Ross 2727484 Active 08/02/2026
23:59
52,97
Ross 2727485 Active 08/02/2026
23:59
52,96
Ross 2727486 Active 08/02/2026
23:59
52,96
Ross 2727487 Active 08/02/2026
23:59
52,96
Ross 2727488 Active 08/02/2026
23:59
52,96
Ross 2727489 Active 08/02/2026
23:59
52,95
Ross 2727490 Active 08/02/2026
23:59
52,95
Ross 2727491 Active 08/02/2026
23:59
52,95
Ross 2727492 Active 08/02/2026
23:59
52,94
Ross 2727493 Active 08/02/2026
23:59
52,94
Ross 2727494 Active 08/02/2026
23:59
52,97
Ross 2727495 Active 08/02/2026
23:59
52,97
Ross 2727496 Active 08/02/2026
23:59
52,97
Ross 2727497 Active 08/02/2026
23:59
52,96
Project Title No Status Expiry Date Area
(Ha)
Ross 2727498 Active 08/02/2026
23:59
52,95
Ross 2727499 Active 08/02/2026
23:59
52,95
Ross 2727500 Active 08/02/2026
23:59
52,95
Ross 2727501 Active 08/02/2026
23:59
52,95
Ross 2727502 Active 08/02/2026
23:59
52,94
Ross 2727503 Active 08/02/2026
23:59
52,94
Ross 2727504 Active 08/02/2026
23:59
52,91
Ross 2727505 Active 08/02/2026
23:59
52,91
Ross 2727506 Active 08/02/2026
23:59
52,96
Ross 2727507 Active 08/02/2026
23:59
52,96
Ross 2727508 Active 08/02/2026
23:59
52,95
Ross 2727509 Active 08/02/2026
23:59
52,95
Ross 2727510 Active 08/02/2026
23:59
52,94
Ross 2727511 Active 08/02/2026
23:59
52,94
Ross 2727512 Active 08/02/2026
23:59
52,94
Project Title No Status Expiry Date Area
(Ha)
Ross 2727513 Active 08/02/2026
23:59
52,93
Ross 2727514 Active 08/02/2026
23:59
52,93
Ross 2727515 Active 08/02/2026
23:59
52,93
Ross 2727516 Active 08/02/2026
23:59
52,93
Ross 2727517 Active 08/02/2026
23:59
52,93
Ross 2727518 Active 08/02/2026
23:59
52,93
Ross 2727519 Active 08/02/2026
23:59
52,93
Ross 2727520 Active 08/02/2026
23:59
52,93
Ross 2727521 Active 08/02/2026
23:59
52,92
Ross 2727522 Active 08/02/2026
23:59
52,92
Ross 2727523 Active 08/02/2026
23:59
52,92
Ross 2727524 Active 08/02/2026
23:59
52,92
Ross 2727525 Active 08/02/2026
23:59
52,92
Ross 2727526 Active 08/02/2026
23:59
52,92
Ross 2727527 Active 08/02/2026
23:59
52,92
Project Title No Status Expiry Date Area
(Ha)
Ross 2727528 Active 08/02/2026
23:59
52,92
Ross 2727529 Active 08/02/2026
23:59
52,92
Ross 2727530 Active 08/02/2026
23:59
52,91
Ross 2727531 Active 08/02/2026
23:59
52,91
Ross 2727532 Active 08/02/2026
23:59
52,91
Ross 2736731 Active 15/02/2026
23:59
52,99
Ross 2736732 Active 15/02/2026
23:59
52,98
Ross 2736733 Active 15/02/2026
23:59
52,98
Ross 2736734 Active 15/02/2026
23:59
52,98

Appendix 5:

JORC Code, 2012 Edition (Table 1) – Ross Hyperspectral Survey and Geochem Data

Secton 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria
JORC Code explanation
Commentary
Sampling
techniques

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)
Geophysical/Hyperspectral Survey

The Hyperspectral programme use Sentinel-2 satellite visible/near-
infrared (VNIR) and shortwave infrared (SWIR) imagery for interpretation
across the Ross Project. The results identified a number of Lithium
exploration targets within the Region of Interest [ROI] (given to Dr
Pendock by FIN) that lies 25km east of the Auclair Lithium Project of
Cygnus Metals in the James Bay Lithium province of Quebec. A spectral
unmixing of a September 2022 Sentinel-2 scene produced two minerals,
interpreted as hectorite and spodumene, which are spatially correlated
with nearly 109 rock chip samples containing Li from the Canadian
government geochemistry database.

The targets were generated by training a multivariate statistical classifier
on the location of the rock chip samples. The classifier is a digital
fingerprint of the Li response in the ROI.

Vegetation cover and glacial till is an issue in the ROI as it may obscure
spectral signals from buried deposits. Spectral unmixing may be used to
separate vegetation spectra from other signatures if vegetation cover is
< 100%.
Criteria
JORC Code explanation
Commentary
may warrant disclosure of detailed information.

Gas estimated from Sentinel-2 VNIR can penetrate vegetation and
shallow soil cover and the rock chip sample locations are reported as
being anomalous in hydrogen and methane.
Rock Chip Samples

Historical soil geochemistry – See Appendix 2
Drilling techniques

Drill type (eg core, reverse circulation, open-
hole 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).

Not Applicable no drilling reported
Drill sample
recovery

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.

Not Applicable no drilling reported
Logging

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
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.

Not applicable no drilling reported
Criteria
JORC Code explanation
Commentary
Sub-sampling
techniques and
sample preparation

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 representativity 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.

Rock Chip Samples

Historical soil geochemistry – See Appendix 2

The reported historical rock chips sample analysis is considered appropriate
and industry standard.
Quality of assay
data and laboratory
tests

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 (i.e. lack of bias) and
precision have been established.

Rock Chip Samples

Historical soil geochemistry – See Appendix 2

The reported historical rock chips sample analysis is considered appropriate
and industry standard.
Criteria
JORC Code explanation
Commentary
Verification of
sampling and
assaying

The verification of significant intersections by
either independent or alternative company
personnel.

The use of twinned holes.

Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.

Discuss any adjustment to assay data.






Historic soil geochemistry results reviewed by Fin’s Technical Adviser. The
data has been extracted from a pdf version of a SiGEOM Report GM64248.

All information reported in the body of this report and Appendix 1 was
extracted from historical reports.

This information was not provided in the historical reports.

Where Li2O is reported a conversion factor 2.153 was applied to the Li ppm
assay results.

Where assay results were above detection limit, the upper detection limit
was used for geostatistical calculations.

Where assay results were below detection limit, a value below the detection
limit was used. For example for Re ppm where <0.002 was reported the
values were replaced with 0.001.
Location of data
points

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.

Rock Chip Samples

Historical soil geochemistry – See Appendix 2

NAD83 / UTM zone 18N
Data spacing and
distribution

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.

The Hyperspectral program used Sentinel-2 satellite visible/near-infrared
(VNIR), and shortwave infrared (SWIR) imagery for interpretation across the
Ross Project. This is early-stage high level exploration data that is appropriate
at this stage of the Project.

No sample compositing was applied.
Orientation of data
in relation to
geological structure

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

The data is early stage high level broad data to be used for initial
interpretation of the Li prospectivity within the Ross Project.
Rock Chip Samples
Criteria
JORC Code explanation
Commentary
introduced a sampling bias, this should be
assessed and reported if material.



Historical soil geochemistry – See Appendix 2

All information reported in the body of this report and Appendix 1 was
extracted from historical reports.

There is not sufficient drilling to date or information provided in the historical
reports to determine this
Sample security

The measures taken to ensure sample security.


Rock Chip Samples

Historical soil geochemistry – See Appendix 2

All information reported in the body of this report and Appendix 1 was
extracted from historical reports.

This information was not provided in the historical reports.
Audits or reviews

The results of any audits or reviews of sampling
techniques and data.

No specific external audits or reviews have been undertaken on the data by
the Company.

Secton 2 Reportng of Exploraton Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation JORC Code explanation Commentary
Mineral tenement and land tenure status Type, reference name/number, location and ownership See Appendix 4 for a full list of Mineral
including agreements or material issues with third Claims related to Ross.
parties such as joint ventures, partnerships, overriding
royalties, native title interests, historical sites, The mineral claims are 100% owned by Fin
wilderness or national park and environmental settings. Resources Ltd.
The security of the tenure held at the time of reporting
along with any known impediments to obtaining a The minerals claims have no underlying
licence to operate in the area. royalties.
No encumbrances are known.
The mineral claims are in good standing.
Exploration done by other parties Acknowledgment and appraisal of exploration by other Limited previous exploration for Lithium
parties. within the region.
See Appendix 3 for a summary of historical
exploration.
Geology Deposit type, geological setting and style of The Ross Project is located in the northeast
mineralisation. part of the Superior Province of the
Canadian Shield craton. The Superior
Province extends from Manitoba to Quebec,
and is mainly composed of Archean-age
rocks. The general metamorphism is of
greenschist facies, except in the vicinity of
intrusive bodies, where it reaches the
amphibolite-togranulite facies.
The Project’s claims are centred on 30 km of
prospectivegreenstone strike length of the
Criteria JORC Code explanation JORC Code explanation Commentary
Natel Formation within the La Grande Sub
province of the Archean Superior Province in
Quebec Canada. The Natel Formation
consists of massive or pillowed flows of
amphibolitized basalt, andesite, komatiite
and rhyolite, as well as volcaniclastic units
(block and lapilli tuff, lapilli tuff and tuff).
The Le Grande Sub Province is host to a
number of major lithium projects, including
the Whabouchi Lithium Mine which along
strike to the south west of the Ross Project
Project.
Drill hole Information A summary of all information material to the Not Applicable, no drilling being reported.
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
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.
Data aggregation methods In reporting Exploration Results, weighting averaging Not Applicable, no drilling being reported.
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, theprocedure usedfor such aggregation should
Criteria JORC Code explanation JORC Code explanation Commentary
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.
Relationship between mineralisation These relationships are particularly important in the Not Applicable, no drilling being reported.
widths and intercept lengths 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’). _
Diagrams Appropriate maps and sections (with scales) and Diagrams are included in the body of the
tabulations of intercepts should be included for any document.
significant discovery being reported These should
include, but not be limited to a plan view of drill hole
collar locations and appropriate sectional views.
Balanced reporting Where comprehensive reporting of all Exploration All results reported are exploration results in
Results is not practicable, representative reporting of
both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration
nature. No representative significance were
applied to the results.
Results.
Other substantive exploration data Other exploration data, if meaningful and material, Assessment of other substantive exploration
should be reported including (but not limited to):
geological observations; geophysical survey results;
geochemical survey results; bulk samples – size and
data is not yet complete however considered
immaterial at this stage.
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating
substances.
Further work The nature and scale of planned further work (eg tests Follow up work programmes will be subject
for lateral extensions or depth extensions or large-scale
step-out drilling).
Diagrams clearly highlighting the areas of possible
to interpretation of recent and historic
results which is ongoing.
extensions, including the main geological
interpretations and future drilling areas, provided this
information is not commercially sensitive.