Canada Lithium Project Review

Would like to open a new topic to discuss the Canadian lithium players listed on the ASX. At present, there are WR1, CRR, GT1 and SYA, any other players? Through the following comparison, it is not difficult to find that WR1 is likely to be a great treasure to be kept in our drawer in the long run

	Code	WR1 ( 100%)	GT1 (51%, after paying tranche 2consideration, will own 80%)	CRR (100%)	SYA
1	Country	Canada	Canada	Canada	Canada
2	Stage	Advancing exploration stage with excellentdrilling result for Cancet and excellent metallurgical result	Drilling	Permitting for drilling is in process	Pre - development
3	Project Exploration Target	•Cancet target for 15-25Mt @ 1-2% Li2O; •Sirmac-Clapier: •Adina	•Seymour: 22-26Mt @0.8-1.5% Li2O •Root: 20-24Mt @0.8-1.5% Li2O •WISA: 8-10Mt @0.8-1.5% Li2O	Mavis Lake for 5 – 10Mt Li2O	JORC 64Mt @ 1.19% Li2O, 60% Moblan50.4Mt @ 1.13% Li2OTotal resource LCE ~2.16Mt
4	Target LCE resource (Mt)	Cancettarget [email protected]% Li2O and 100% owned. Total exploration targetresource: 0.74Mt LCE	Target for (55Mt @ 1.15% Li2O x 80%) =0.8Mt LCE ( three projects at 51% ownership)	7.5Mt x ~1.2%Li2O = 0.22Mt LCE
5	Market Cap	$58.2mil	$178.7mil	$112.3mil	$1.06bil
6	Cash	$18mil (as of end of Nov 2021)	$15mil (as of end of Nov 2021)	$5mil (as of end of Nov 2021)	$22.4mil (as of end of Sep 2021)
7	EV	$40.2mil	$163.7mil	$107.3mil	$1.03bil
8	EV / Mt LCE	56.7	204	487	477
9	Previous Drilling Result	Cancet project •[email protected]% from 5m to 26.46m •18m@ 3.14% Li2O from 8m to 26m; •17m@ 2.06% Li2O from 6m to 23m •15.88m@ 1.82% Li2O from18.12m to 34m; •11.46m @ 3.23% Li2O from 15m to26.46m; •11.02m @ 2.93% Li2O from 40.98m to52m; •10m @ 2.67% Li2O from 21m to 31m;		•23.3m@ 1.09% Li2O from76.8m to 100.1m •12.35m @ 1.5% from 87.75m to 100.1m •10.55m @ 1.18% from 150.45m to 161m •55.25m @ 1.04% from 80.75m to 136m •12.35m @ 1.41% from 135.1m to147.45m
10	Remark	-The exploration target only consider Cancet project only. -Shallow drilling only for ~70m -Spodumene		Deeper than WR1