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Ni 43-101 Technical Report

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Ni 43-101 Technical Report NI 43-101 TECHNICAL REPORT on the Laguna Guayatayoc and Laguna Vilama Lithium, Potassium, Boron Projects Jujuy Province, Argentina Prepared for: A.I.S. Resources Limited 2300-1177 West Hastings Street Vancouver BC V6E2K3 Canada This Report was Prepared by the following Qualified Persons: Dr Carlos RM Sorentino PhD, MEnvSc, DipRadTech, BE(Chem), MAIMVA(CMV), MACS, MSHS, FAusIMM(CP) Phillip Thomas BSc MBusM MAIG MAIVA (CMV) AIG Member:3010 Effective Date: 30 March 2017 Table of Contents 1. Summary ............................................................................................................................ 8 1.1. Introduction .................................................................................................................. 8 1.2. Mining Law in Jujuy Province ....................................................................................... 9 1.3. Acquisition of Property from the Vendor ....................................................................... 9 1.4. Regional Location .......................................................................................................10 1.5. Geology ...................................................................................................................... 11 1.6. Economic Potential .....................................................................................................12 1.7. Laguna Vilama “Mina Gianinni”. Regional Location and Geology ................................12 2. Reliance on other experts ..................................................................................................13 3. Property Description and Location .....................................................................................14 3.1. Mina Guayatayoc and Guayatayoc III .............................................................................14 3.2. Nature and Extent of Issuers Title to Properties ..............................................................15 3.3. Payments .......................................................................................................................16 3.4. Vilama – Mina Gianinna .................................................................................................16 4. Guayatayoc: Accessibility, Climate, Vegetation, Local Resources, Infrastructure and Physiography ............................................................................................................................18 4.1. Road Accessibility ..........................................................................................................18 4.2. Precipitation, Relative Humidity, Atmospheric Pressure, Temperature. ...........................19 4.3. Vegetation ......................................................................................................................19 4.4. Local Resources .............................................................................................................22 4.5. Infrastructure ..................................................................................................................22 4.6. Physiography..................................................................................................................22 5. Laguna Vilama: Accessibility, Climate, Local Resources, Infrastructure and Physiography 24 5.1. Accessibility ....................................................................................................................24 5.2. Nearby Cities and Towns ................................................................................................25 5.3. Climate ...........................................................................................................................26 5.4. Infrastructure ..................................................................................................................27 5.5. Physiography..................................................................................................................27 6. History: Guayatayoc ...........................................................................................................27 6.1. Pre AIS Resources .........................................................................................................27 6.2. AIS Resources ...............................................................................................................29 1 | Page 7. History Laguna Vilama – Mina Gianinna ............................................................................30 8. Geological Setting and Mineralization ................................................................................30 8.1. Regional Geology ...........................................................................................................30 8.1.1. Steinmetz 2013 Study .................................................................................................30 8.2. Deposit Types .................................................................................................................33 8.2.1. Guayatayoc Basin .......................................................................................................33 8.3. Exploration .....................................................................................................................35 8.4. Origin of Solutes .............................................................................................................37 8.5. Seismic Work .................................................................................................................39 8.5.1. Seismic reflection line 1189 .........................................................................................43 8.5.2. Seismic reflection line TX90-87 ...................................................................................43 8.6. Drilling ............................................................................................................................45 9. Sample Preparation, Analyses and Security .......................................................................45 9.1. Location of the Sample Pits ............................................................................................45 9.2. Analysis and Security .....................................................................................................45 9.3. Method ...........................................................................................................................46 9.4. Samples Analysis Results ..............................................................................................46 9.5. Method ...........................................................................................................................47 9.6. Location of the Sample Pits ............................................................................................48 9.7. Commentary ...................................................................................................................50 9.8. Results ...........................................................................................................................50 9.9. Data Verification .............................................................................................................51 9.9.1. Sample Preparation ....................................................................................................51 9.9.2. Sample Analyses ........................................................................................................51 9.9.3. Survey Data ................................................................................................................51 10. Mineral Processing and Metallurgical Testing .................................................................51 11. Mineral Resource Estimates ...........................................................................................52 12. Adjacent Properties ........................................................................................................52 13. Other Relevant Data and Information .............................................................................53 14. Interpretation and Conclusions .......................................................................................53 15. Recommendations .........................................................................................................53 15.1. Objectives ...................................................................................................................54 15.2. Scope of work required for Inferred Resource evaluation – Phase One ......................54 15.2.1. Basin evaluation ......................................................................................................54 15.2.2. Detailed Seismic work .............................................................................................54 15.2.3. Methodology for Inferred Resource .........................................................................54 2 | Page 15.3. Budget ........................................................................................................................55 16. References .....................................................................................................................56 3 | Page TABLE OF FIGURES Figure 1 Location Map abridged version by Geól. Gabriel Gustavo Blasco from his report Estudio de impacto ambiental etapa de exploración Expediente Nº 082-L-1998 December, 2016 ..........................................................................................................................................
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