Northwest Territories Canada

Overview

Figure 1: Location of Narryer Metals Limited’s Li projects in Canada

The Big Hill and Fran Projects are 70% owned by Narryer and are located in the Yellowknife Lithium Province, NWT Canada approximately 30km east of the Yellowknife township¹³. The projects have good access from a major road and other infrastructure (Figure 11).  During the reporting period, Narryer continued with stakeholder engagement and preparation of a mining application over the Big Hill Claims area.

The Big Hill Project (62km²) is in an area of active lithium exploration, with Li-FT Power’s (TSXV:LIFT) BIG East Lithium Project sharing a claim boundary and mineralisation along strike (Figure 12).  Li FT Power announced NI 43-101 Inferred Resources at its BIG East and BIG West Lithium Project areas, with the BIG East Lithium Project area having an Inferred Resource of 16.5 Mt @ 1.06% Li₂O and the BIG West Lithium Project area having an Inferred Resource of 1.3 Mt @ 0.92% Li₂O (see Li FT Power TSX-V Announcement 1 October 2024). Narryer’s Big Hill Project may potentially provide access and a development footprint for any future mining development at Li FT Power’s Big East Lithium Project.

Lithium-caesium-tantalum (LCT) pegmatites have been identified on the Big Hill mineral claims¹⁴. The channel sample assays received during the 2023 field season, include grades up to 1.16% Li₂O over 5m, including 2.57% Li₂O over 1m at sample site BHDS-023 and grades up to 2.43% Li₂O over 1m at sample site BHRC-018. These sit proximal to the Li FT Power Big Resource area and most likely the same mineralised system. In July-August 2024 (Figure 7), further channel sampling was completed, with results along the southern boundary with the BIG East Resource of Li FT Power, from lakeside outcropping pegmatite including 1.5m @ 1.0 % Li₂O (Channel 1) and 2.4m @ 1.4 % Li₂O (Channel 2).¹⁵

Figure 12: Project Tenure map of Yellowknife area, showing Big Hill and Fran Projects

Figure 13. The Big Hill Project’s mineral claims showing results of recent channel sampling and adjoin the Li-FT Power’s BIG mineral lease.

¹³ Narryer Metals Limited ASX announcement 5 June 2024
¹⁴ Narryer Metals Limited ASX announcement 12 March 2024
¹⁵ Narryer Metals Limited ASX announcement 29 January 2025