Some rough estimates for Hidden Lake based on available info....

Some rough estimates for Hidden Lake based on available info.

From announcement 12/4/2023:
The Project has 14 individually identified lithium spodumene bearing pegmatite dykes, with seven confirmed to be spodumene rich. Each individual discrete dyke is inferred from aligned parallel NNE striking extensive resistive outcrops. Although there are extensive resistive outcrops on the property, there has only been very limited field mapping conducted. There may be additional pegmatites on the property, as it contains marshes, lakes, and forests, all of which are known to conceal pegmatite dyke connections and extensions.

Here are details of the confirmed seven spodumene rich pegmatite dykes:



About 18.6Mt @ 1.52% Li20 based on average Li20 percentage of HL1, HL4, HL3 & D12 drill results below. Equates to about 700,000t LCE. No allowance for pinching, swelling & depth of 300M in above quick numbers. Another seven identified pegmatite dykes to add to the above plus any new pegmatite dykes discovered during exploration.



700,000t LCE x $300 EV per tonne = $210M EV.

7Mt LCE at Scotty's x $5 EV minimum up to $15 maximum = $35-105M EV.

Trieste/Briske = $10-20M EV.

$255M EV minimum up to $335M EV maximum + $6M cash = $261-341M MC range = $3.24-4.24 SP range.

Sooner or later SP will be $3+ according to the numbers.