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NMX East, Québec

Durango's 100%-owned NMX East property is adjacent to the Whabouchi Lithium Deposit and Hydromet Plant Project, which has been the subject of a Feasibility Study and is planned to be developed into an open pit mining operation. This plant will produce lithium hydroxide, which is used in cathodes of rechargeable batteries.

Results from the field reconnaissance survey conducted by Durango on the NMX East property clearly indicate the discovery of distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets.

Interpretation of Lithium, Cesium, Tantalum, and Rubidium Anomalies

The Nemiscau Region exhibits a markedly limited amount of bedrock exposure, which produces a very challenging environment for surface sampling. On average, there is approximately less than 5% exposure on the NMX East property and a large portion of the surrounding region. Evidence suggests that the majority of pegmatite bodies in the Nemiscau Region are obscured beneath the glacial diamict which blankets the region (1). Nemaska Lithium Inc.'s recent drilling results also report mineralized intercepts as deep as 500 metres below surface. It is possible that viable lithium-bearing LCT pegmatites, which occur at surface on Durango’s NMX East property, could represent smaller exposures of potentially larger intrusions at depth, laterally, and along strike.

NMX East Property Pegmatite Samples.

The technical contents of this page were approved by George Yordanov, PGeo, M.Sc., (#1612), a qualified person as defined by NI 43-101. The properties have not yet been the subject of a compliant NI 43-101 report.

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