O - MERN

Geology and Resource of the
Moblan Lithium Pegmatite
Sergio Gelcich, (Perilya Limited)
Joanie Béland (SOQUEM)
Laury Schmitt (SOQUEM)
Yvon Trudeau (SOQUEM)
Gary Pearse (Equapolar Consultant)
Moblan Location
MOBLAN PROPERTY
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Geological Setting
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Local Geology
500 m
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West Moblan: Aerial Look to the Northeast
Main Sill
South East Sills
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Moblan West
Main Pegmatite Sill
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Pegmatite Anatomy
The Main Sill is zoned, generally with an albite-rich (50-90%) wall zone at both contacts with
quartz. The albite wall zone is comparatively thin, generally less than one metre
A K-feldspar zone usually with some quartz bands, green mica and lesser albite contacts the
albite wall zones although it isn’t everywhere present.
These zones enclose a central, banded spodumene-quartz core zone with concordant
subzones in the form of feldspar-rich bands, most commonly dominated by albite but
generally mixed with K-feldspar, quartz and dark green mica. Chains of coarse K-feldspar
crystals also occur in the zone.
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Mineralization
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Mineralization Spodumene Zone
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Pegmatite Zoning
K feldspar Zone
Albite Qtz Zone
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Mineral Resource December 2008
NI-43-101 Inferred Resource
5.3 million tonnes @ 1.5% Li2O & 0.43% cutoff
includes 2.1 million tonnes @ 1.9% Li2O
to a depth of 50 metres
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Mineral Resource May 2011
at different Li2O Cut-off
Li2O% Cut-off grades
Measured
0.4
0.5
0.6
0.7
Indicated
0.4
0.5
0.6
0.7
Inferred
0.4
0.5
0.6
0.7
Total Measured, Indicated and
Inferred Resource
0.4
0.5
0.6
0.7
PEGM1
Tonnes
Li2O %
PEGM2
Tonnes
Li2O %
Total
Tonnes
Li2O %
4,799,000
4,725,000
4,639,000
4,552,000
1.60
1.62
1.64
1.65
83,000
82,000
80,000
74,000
1.05
1.05
1.07
1.10
4,882,000
4,807,000
4,719,000
4,625,000
1.59
1.61
1.63
1.65
6,475,000
6,205,000
5,971,000
5,684,000
1.31
1.34
1.37
1.41
877,000
842,000
780,000
707,000
0.92
0.94
0.97
1.00
7,352,000
7,047,000
6,752,000
6,391,000
1.26
1.29
1.33
1.37
1,502,000
1,463,000
1,425,000
1,368,000
1.29
1.32
1.34
1.37
1,443,000
1,393,000
1,354,000
1,291,000
1.07
1.09
1.10
1.13
2,945,000
2,856,000
2,780,000
2,659,000
1.18
1.21
1.22
1.25
12,776,000
12,393,000
12,036,000
11,604,000
1.41
1.44
1.47
1.50
2,403,000
2,317,000
2,214,000
2,072,000
1.01
1.03
1.05
1.08
15,179,000
14,710,000
14,250,000
13,676,000
1.35
1.38
1.41
1.44
•2004 JORC Code was followed for Mineral Resources.
•Mineral Resources are estimated using an average price of US$350 per tonne of spodumene concentrate and a US$/C$ exchange rate of 1:1.00.
•Totals may not represent the sum of the parts due to rounding.
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Deposit Domains
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2
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3
West Domain: Section 6600E
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Central Domain: Section 6750E
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East Domain: Section 7100E
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3D Model (view to the West)
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Conceptual Pit Resource
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Mineralization open down dip
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2011 program objectives include:
• Characterising the mineralogy and metallurgical performance of the Moblan
pegmatite
• Developing a conceptual flow-sheet for ore processing
• Developing a preliminary mine plan
• Estimate of preliminary capital and operating costs to ±25%
• Completing a preliminary mine and infrastructure geotechnical assessment
• Preliminary tailings site location and conceptual design
• Background socio-economic and environmental studies
• Develop preliminary marketing plan
Jointly develop a pre- development agreement with the Cree Nation of
Mistissini to set out various undertakings of the parties during exploration
and pre-development activities and provide the basis for the negotiations of
an Impacts and Benefits Agreement.
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Moblan Lithium’s Advantages
Solid Resource definition of high grade ore
Open pit, low strip ratio (~1:1)
Good metallurgy (based upon limited test work)
86% recovery of spodumene
7.2% Li2O concentrate / 91% spodumene
2 km from a highway
Close to existing infraestructure
Located on land designated for development in the James Bay Land Claims
Agreement
100 km from an established mining town (Chibougamau)
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