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Falchani Lithium Project Ni 43-101 Technical Report - Preliminary Economic Assessment

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Falchani Lithium Project Ni 43-101 Technical Report - Preliminary Economic Assessment FALCHANI LITHIUM PROJECT NI 43-101 TECHNICAL REPORT - PRELIMINARY ECONOMIC ASSESSMENT Prepared for: PLATEAU ENERGY METALS INC. Effective Date: 4 FEBRUARY 2020 Report Date: 19 MARCH 2020 Prepared By: DRA PACIFIC L8, 256 Adelaide Terrace Perth, Western Australia, 6000 SIGNED BY QUALIFIED PERSONS John Joseph Riordan BSc, CEng, FAusIMM, MIChemE, RPEQ David Alan Thompson B-Tech, Pr Cert Eng, SACMA Valentine Eugene Coetzee BEng, MEng, PrEng Stewart Nupen BSc (Hons), FGSSA, Pr Sci Nat Falchani Lithium Project Puno District of Peru Project No: GPEPPR3627 S128-000-REP-PM-001 // Falchani Lithium Project NI 43-101 Technical Report - Prepared for: Plateau Preliminary Economic Assessment Energy Metals Inc. Important Notice This report was prepared as a National Instrument 43-101 Technical Report for Plateau Energy Metals Inc. (Plateau) by DRA Pacific (DRA). The quality of information, conclusions, and estimates contained herein is consistent with the level of effort involved in DRA’s services, based on: i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions, and qualifications set forth in this report. This report is intended for use by Plateau subject to the terms and conditions of its contract with DRA and relevant securities legislation. The contract permits Plateau to file this report as a Technical Report with Canadian securities regulatory authorities pursuant to National Instrument 43-101, Standards of Disclosure for Mineral Projects. Except for the purposes legislated under provincial securities law, any other uses of this report by any third party is at that party’s sole risk. The responsibility for this disclosure remains with Plateau. The user of this document should ensure that this is the most recent Technical Report for the property as it is not valid if a new Technical Report has been issued. S128-000-REP-PM-001 Page ii of xviii // Falchani Lithium Project NI 43-101 Technical Report - Prepared for: Plateau Preliminary Economic Assessment Energy Metals Inc. CERTIFICATE OF QUALIFIED PERSON I, John Joseph Riordan, BSc, CEng, FAuslMM, MIChemE, RPEQ do hereby certify that: 1. I am Process Engineering Manager for DRA Pacific Limited of 256 Adelaide Terrace, Perth, Western Australia. 2. This certificate applies to the technical report titled "Falchani Lithium Project NI 43-101 Technical Report – Preliminary Economic Assessment," (the ''Technical Report"), prepared for Plateau Energy Metals Inc. 3. The Effective Date of the Technical Report is 4 February 2020. 4. I am a graduate of Cork Institute of Technology with a Bachelor of Science degree in Chemical Engineering (1986). I have worked as a metallurgist and process engineer continuously for a total of 33 years since my graduation and have been involved in the design, construction, commissioning, operation and optimisation of mineral processing and hydrometallurgical plants. 5. I am a Fellow of the Australasian Institute of Mining and Metallurgy (No. 229194), a Chartered Engineer (No. 461184), a Chartered Chemical Engineer (No. 256480), and a Registered Professional Engineer of Queensland (RPEQ No. 22426). 6. I have read the definition of "Qualified Person" set out in National lnstrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfil the requirements to be, a "Qualified Person" for the purposes of NI 43-101. 7. I am the co-ordinating author of the Technical Report and have carried out or supervised the work done by other DRA professionals for DRA’s contribution to the Technical Report. I take responsibility for sections 1.1, 1.6, 1.7, 1.8, 1.9, 1.11, 1.15, 1.16, 2, 3, 13, 17, 18, 19, 20, 21, 25 and 26, unless subsections are specifically identified by another Qualified Person. 8. I have not visited the property but have visited the facilities where the bulk of the metallurgical test work in 2018 and 2019 was completed. 9. I am independent of Plateau Energy Metals Inc. applying all the tests in section 1.5 of NI 43-101. 10. I have not had prior involvement with the property that is the subject of the Technical Report. 11. I have read NI 43-101 and Form 43-101F1; the sections of the Technical Report I am responsible for have been prepared in compliance with that instrument and form. 12. As of the aforementioned Effective Date, to the best of my knowledge, information and belief, the sections of the Technical Report I am responsible for contain all scientific and technical information that is required to be disclosed to make the Technical Report not misleading. Dated this 19th day of March 2020. Signed /John Joseph Riordan/ John Joseph Riordan, FAuslMM (No. 229194) S128-000-REP-PM-001 Page iii of xviii // Falchani Lithium Project NI 43-101 Technical Report - Prepared for: Plateau Preliminary Economic Assessment Energy Metals Inc. CERTIFICATE OF QUALIFIED PERSON I, David Alan Thompson, B-Tech, Pr Cert Eng, SACMA do hereby certify that: 1. I am Principal Mining Engineer for DRA Projects Pty Ltd of 3 Inyanga Close, Sunninghill, Johannesburg, South Africa. 2. This certificate applies to the technical report titled "Falchani Lithium Project NI 43-101 Technical Report – Preliminary Economic Assessment," (the ''Technical Report"), prepared for Plateau Energy Metals Inc. 3. The Effective Date of the Technical Report is 4 February 2020. 4. I am a graduate of University of Johannesburg with a Bacclaureus Technologie Degree in Mining Engineering. I have worked as a mining engineer for a total of 32 years and 10 years since my B- Tech graduation. 5. I am a member of the Engineering Council of South Africa (No. 201190010), and a current member of the South African Colliery Managers Association (5066). 6. I have read the definition of "Qualified Person" set out in National instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfil the requirements to be, a "Qualified Person" for the purposes of NI 43-101. 7. I am co-author of the Technical Report, and co-author responsible specifically for sections 1.6, 1.7, 1.8, 1.9, 1.10, 2.6, 15, 16, 21, 22, 25 and 26, unless subsections are specifically identified by another Qualified Person. 8. I have not visited the property but have reviewed all technical documentation available for the project to date. 9. I am independent of Plateau Energy Metals Inc. applying all the tests in section 1.5 of NI 43-101. 10. I have not had prior involvement with the property that is the subject of the Technical Report. 11. I have read NI 43-101 and Form 43-101F1; the sections of the Technical Report I am responsible for have been prepared in compliance with that instrument and form. 12. As of the aforementioned Effective Date, to the best of my knowledge, information and belief, the sections of the Technical Report I am responsible for contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading. Dated this 19th day of March 2020. Signed /David Alan Thompson/ David Alan Thompson (ECSA 201190010) S128-000-REP-PM-001 Page iv of xviii // Falchani Lithium Project NI 43-101 Technical Report - Prepared for: Plateau Preliminary Economic Assessment Energy Metals Inc. CERTIFICATE OF QUALIFIED PERSON I, Valentine Eugene Coetzee do hereby certify that: 1. I am Senior Vice President for DRA Projects Pty Ltd of 3 Inyanga Close, Sunninghill, Johannesburg, South Africa. 2. This certificate applies to the technical report titled "Falchani Lithium Project NI 43-101 Technical Report – Preliminary Economic Assessment," (the ''Technical Report"), prepared for Plateau Energy Metals Inc. 3. The Effective Date of the Technical Report is 4 February 2020. 4. I am a registered Professional Engineer with the Engineering Council of South Africa (No. 20070076) and graduated from the University of Stellenbosch, South Africa with a Bachelor of Engineering in Chemical Engineering (Mineral Process) and a Master of Engineering (Mining: Mineral Economics) from the University of the Witwatersrand, South Africa. I have practiced my profession continuously since 2001 and have gathered extensive operational and project experience. As a result of my qualifications and experience, I am a Qualified Person as defined in National Instrument 43-101. 5. I have read the definition of "Qualified Person" set out in National instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfil the requirements to be, a "Qualified Person" for the purposes of NI 43-101. 6. I am co-author of the Technical Report, and co-author responsible specifically for section 22, unless subsections are specifically identified by another Qualified Person. 7. I have visited the property in January 2019. 8. I am independent of Plateau Energy Metals Inc. applying all the tests in section 1.5 of NI 43-101. 9. I have not had prior involvement with the property that is the subject of the Technical Report. 10. I have read NI 43-101 and Form 43-101F1; the sections of the Technical Report I am responsible for have been prepared in compliance with that instrument and form. 11. As of the aforementioned Effective Date, to the best of my knowledge, information and belief, the sections of the Technical Report I am responsible for contain all scientific and technical information that is required to be disclosed to make the Technical Report not misleading. Dated this 19th day of March 2020.
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