Ann: Quarterly Activities Report - March 2022, page-2

LPM is next door to Core Lithium just like we are and there market cap is now $100 mil after IPO'ng 3 days ago.
LPM are a one trick pony.

RAS has 4 different prospects and we are valued at $11 mil with very little interest.

Litchfield & Daly River Lithium Projects (100% interest)
The Company identified the highly prospective lithium project areas, with proven hard rock lithium
deposits, within the Litchfield Pegmatite Belt – host to discoveries including the neighbouring Core
Lithium Finnis Project, Lithium Plus, Charger Metals and others.
The strategic Litchfield and Daly River project areas were selected as prospective for lithium from
historical geological mapping works and the interpreted continuation of the geological rock-types found
in the neighbouring lithium projects, indicating a high level of lithium prospectivity throughout the
region.
Lithium bearing pegmatites within the Litchfield Pegmatite Belt are found within the Burrell Creek
Formation (part of the Finnis River Group), adjacent to and within the contact aureole of late Proterozoic
granites as the source of the LCT (Li- Cs-Ta) pegmatites in the area.
Lithological units found within the Company’s new project areas all contain predominantly Burrell Creek
Formation sediments adjacent to Late Proterozoic undifferentiated granites, providing the appropriate
geological setting to contain LCT pegmatites. The Company’s new projects are located within this lithium
exploration province.
The Company intends to conduct initial reconnaissance exploration works to target outcropping
pegmatite rocks, with this phase of works being used to develop a more detailed lithium exploration
program (subject to initial results).
The Company will continue working to identify and procure surrounding complementary lithium projects