NI 43-101 Technical Report Preliminary Feasibility Study For The PAK Lithium Project Red Lake Mining District, Ontario, Canada Report prepared for Report prepared by Report # 16622-2018 Effective Date: March 2, 2018 Report Date: April 16, 2018 Prepared by: Kurt Boyko, P.Eng., Johnny Canosa, P.Eng. Steve Wilson, P.Eng. Roy Levesque, P.Eng. Todd McCracken, P.Geo. TABLE OF CONTENTS REPORT PREPARED FOR .......................................................................................................................................... I REPORT PREPARED BY ............................................................................................................................................ I REPORT # 16622-2018 ............................................................................................................................................. I LIST OF FIGURES .................................................................................................................................................. VIII LIST OF TABLES ...................................................................................................................................................... X GLOSSARY OF TERMS ........................................................................................................................................... XII 1. EXECUTIVE SUMMARY ................................................................................................................................... 1 1.1 Mineral Resource Estimate .......................................................................................................................... 1 1.1.1 Geology .................................................................................................................................................... 1 1.1.2 Channel Sampling and Diamond Drilling ................................................................................................. 2 1.1.3 Resource Estimation ................................................................................................................................ 2 1.2 Preliminary Feasibility Study ........................................................................................................................ 2 1.3 Capital and Operating Costs ......................................................................................................................... 3 1.4 Processing .................................................................................................................................................... 3 1.5 Conclusions .................................................................................................................................................. 4 1.6 Recommendations ....................................................................................................................................... 5 2. INTRODUCTION ............................................................................................................................................. 6 2.1 Terms of Reference and Purpose of the Report .......................................................................................... 6 2.2 Sources of Information................................................................................................................................. 7 2.3 Summary of Qualified Persons ..................................................................................................................... 7 2.4 Site Visits ...................................................................................................................................................... 9 2.5 Currency ....................................................................................................................................................... 9 2.6 Effective Date ............................................................................................................................................... 9 3. RELIANCE ON OTHER EXPERTS ..................................................................................................................... 10 4. PROPERTY DESCRIPTION AND LOCATION .................................................................................................... 11 4.1 Location ...................................................................................................................................................... 11 4.2 Mineral Disposition .................................................................................................................................... 11 4.3 Tenure Rights ............................................................................................................................................. 11 4.4 Royalties and Related Information ............................................................................................................ 12 4.5 Environmental Liabilities ............................................................................................................................ 14 4.6 Permits ....................................................................................................................................................... 14 4.7 Other Relevant Factors .............................................................................................................................. 14 5. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY .............................. 16 5.1 Access ......................................................................................................................................................... 16 5.2 Climate ....................................................................................................................................................... 17 5.3 Infrastructure ............................................................................................................................................. 17 5.4 Site Topography, Elevation, and Vegetation .............................................................................................. 17 6. HISTORY ...................................................................................................................................................... 18 6.1 Ontario Geological Survey Programs ......................................................................................................... 18 6.2 Historic Exploration .................................................................................................................................... 18 7. GEOLOGICAL SETTING AND MINERALIZATION ............................................................................................. 21 7.1 Regional Geology ....................................................................................................................................... 21 Project # 16622-01 Page ii of xiii Frontier Lithium PAK NI 43-101 Pre-Feasibility Study April 2018 7.2 Project Geology .......................................................................................................................................... 23 7.3 Mineralization ............................................................................................................................................ 25 7.3.1 Upper Intermediate Zone (UIZ) .............................................................................................................. 25 7.3.2 Central Intermediate Zone (CIZ) ............................................................................................................. 25 7.3.3 Lower Intermediate Zone (LIZ) ............................................................................................................... 26 7.3.4 Wall Zones ............................................................................................................................................. 27 8. DEPOSIT TYPES ............................................................................................................................................ 28 9. EXPLORATION ............................................................................................................................................. 31 10. DRILLING ................................................................................................................................................. 33 10.1 2013 Drill Campaign ................................................................................................................................... 33 10.1.1 Surveying ........................................................................................................................................... 35 10.1.2 Core Logging Procedure .................................................................................................................... 36 10.1.3 Sampling Approach ........................................................................................................................... 36 10.2 2014 Drill Campaign ................................................................................................................................... 37 10.2.1 Surveying ........................................................................................................................................... 40 10.2.2 Core Logging Procedure ...................................................................................................................