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Moblan Lithium

Presentation of the Project

Mistissini/Oujé-Bougoumou

October, 2018

MOBLAN LITHIUM

29 août 2016 1

Moblan Lake Lithium Deposit

MOBLAN LITHIUM

Octobre 2018 2

HISTORY OF THE MOBLAN LAKE SITE

Exploration by Muscocho

Exp.

1961

1963

Discovery of spodumene

SelcoMining Co.

1972-1975

1992+

Abitibi Lithium

Co

PFS study

Soquem

2001

2005+

GlobestarMining

43-101

Perilya

43-101

Presentationto the Band

Council

2010+

2017

Guo AO Lithium

+

Soquem

MOBLAN LITHIUM

Octobre 2018 3

PROMOTOR

Lithium Guo AO Ltd:

• President & CEO: Mrs. Jin Gao

• Canadian subsidiary in Town of Mount Royal (Qu.) of

Shenzhen Guo Ao Mining Investment Partnership (LP)

(Shenzhen, China)

• Role : Develop and exploit lithium mine in Canada

• Sister company of Neotec Lithium Ltd, a lithium

carbonate producer in Taixing, China

Taixing

Shenzhen

MOBLAN LITHIUMLOCATION– MOBLAN LAKE

Octobre 20184

In the Eeyou Istchee Region:

• 170 km (by road) from Cree Nation

of Mistissini

• 135 km (by road) from

Chibougamau

• 140 km (by road) from the Cree

Nation of Oujé-Bougoumou

• 180 km (by road) from Chapais

Moblan Lithium

Wabushi Mine

MOBLAN LITHIUMOVERVIEW – LAKE MOBLAN SITE

Octobre 20185

Ore: 1.5% Li2O

Production of spodumene:

• 200,000 to 213,000 t/y

• 5.8-6.2% Li2O

Open-pit mine: 23 ha.

Operation: +/- 12 years, 7d/7, 24 h/d, 350 d/y

Power requirements: 9 MW

Work camp: 7 days rotation

Open-pit mine:

10 Mt ore

Plant:

2,600 t/d

Tailings

Pile

Waste rock dump:

27 Mt

Overburden

dump: 3 Mt

Low grade ore

dump

MOBLAN LITHIUMOVERVIEW – SHIPPING OF SPODUMENE

Octobre 20186

Shipping of spodumene:

Route du Nord: 115 km

Road 167 South: 20 km

Transhipment at Chibougamau’s railway port

Transport by train to Montreal: +/- 500 km

Transport to China (port of Taixing): > 20,000 km

MOBLAN LITHIUM

Octobre 2018 7

PROJECT MILESTONES REACHED: ENVIRONMENTAL BASELINE

Study Area Inventories and Surveys

MOBLAN LITHIUMSENSITIVE COMPONENTS: FISH HABITAT AND WATER COURSES

Octobre 20188

Anoxic ponds

Inventoried fishspecies:

Allegheny pearl dace

Northern pike

Brook trout

Lac Coulombe

Lac Moblan

Fish habitat

Fish

habitat

Spawning

potential

Spawning

potential

Otters

MOBLAN LITHIUMFAUNA AND FLORA

Octobre 20189

Rock vole

protection

No other species of conservation interestfound:

Amphibians

Grass-snakes

Salamanders

Forest birds

Fish

Mammals

Bald eagle

protection

Bears

Lynx

Beavers

Mooses

MOBLAN LITHIUM

Octobre 2018 10

WORK TO BE COMPLETED: ENVIRONMENTAL BASELINE

> Environmental characterization of soils

> Flow and environmental characterization of groundwater

> Hydrography, hydrology and flow of surface water

> Road traffic

> Traditional use and cultural heritage

> Archaeological heritage

> Socio-economic profile

> Spawning potential

Additional studies in progress

MOBLAN LITHIUM

Octobre 2018 11

WORK IN PROGRESS :

STAKEHOLDER CONSULTATION Open House Presentation

October 2018

Review and comments on ESIA Report

sections

Open House on Impact

AssesmentResults

December2018

Workingcommittes on critical issues

Discussion meetings on

specificconcerns Website:

www.neoteclithium.com

MOBLAN LITHIUM

Octobre 2018 12

TO BE COMPLETED : ANALYSIS OF ALTERNATIVES

Power supply

> Diesel generators

> Natural gas generators

> Hydroelectricity

Lithium carbonate plant

> Plant in Taixing, China

> Extraction plant in Chibougamau

> Extraction by other producers in Quebec

Transport logistics

> Trucking to Chibougamau

> Transportation by train to port

> Expedition from port in Montreal or Becancour

Tailings management

> Mud pond

> Filtered « cake » pile

> Submerged mud pond

MOBLAN LITHIUM

Octobre 2018 13

Present work sourced from

local businesses:

- EnviroCree for biological surveys,

hydrogeology and geotechnics

- Drilling Chibougamau: for geotechnical

investigation

More than 300 jobs during construction (1-2 years)

Approximately 150 direct jobs for the operation of the mine and concentrator

PROJECT BENEFITS

> Source of employment for Mistissini/

Chibougamau/Oujé-Bougoumou/Chapais region

> IBA to be negotiated with the Cree Nation of

Mistissini

> Source of private investment in the James Bay –

Eeyou Istchee region

> Worldwide contribution to the electrification of

transport, including China

MOBLAN LITHIUM

Octobre 2018 14

NEXT STEPS

April to

August

2018

October to

December

2018

Autumn

2018

Winter

2019

Spring

20192020

Biological

Surveys

Consultations

Impact

analysis

Public presentations

of the EIA results

Acceptability

analysis

Answers to

COMEX questions

Environmental

analysis

Start of production

MOBLAN LITHIUM

Octobre 2018 15

CONCLUSION

> Open-pit mine, smaller than Nemaska-Li

> Smaller plant than North American

Lithium project

> Meets the growing needs of the

sustainable transport market

> Project developed with respect for the

local ecosystem

> Planning in close collaboration with

stakeholders and communities

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