2. Investor Presentation – Ap ril 2023 / 2
Forward-Looking Statement
This p re se nta tion c onta ins “forwa rd - looking inform a tion,” whic h m a y inc lud e b ut is not
lim ite d to sta te m e nts c onc e rning the future fina nc ia l or op e ra ting p e rform a nc e of Plym outh
Re a lty Ca p ita l Corp . a nd , up on c om p le tion of its tra nsa c tion to a c q uire Pe na sc o Que m a d o,
La Fra za d a a nd Pluton p rop e rtie s, loc a te d in Me xic o, (the “Me xic a n Silve r Prop e rtie s”) from
Silve r One Re sourc e s Inc ., Lod e sta r Ba tte ry Me ta ls Me ta ls Corp . (c olle c tive ly, the “Com p a ny”)
a nd its p roje c ts, the future p ric e of g old , silve r or othe r m e ta l p ric e s, e xp lora tion e xp e nd iture s,
c osts a nd tim ing of future e xp lora tion, re q uire m e nts for a d d itiona l c a p ita l, g ove rnm e nt
re g ula tion of m ining op e ra tions, e nvironm e nta l risks, re c la m a tion e xp e nse s, title d isp ute s or
c la im s, lim ita tions of insura nc e c ove ra g e a nd re g ula tory m a tte rs. Ofte n, b ut not a lwa ys,
forwa rd - looking sta te m e nts c a n b e id e ntifie d b y the use of word s suc h a s “p la ns,” “e xp e c ts,”
“is e xp e c te d ”, “b ud g e t,” “sc he d ule d ,” “e stim a te s,” “fore c a sts”, “inte nd s,” “a ntic ip a te s,” or
“b e lie ve s” or va ria tions (inc lud ing ne g a tive va ria tions) of suc h word s a nd p hra se s, or
sta te m e nts tha t c e rta in a c tions, e ve nts or re sults “m a y”, “c ould ,” “would ”, “m ig ht” or “will” b e
ta ke n, oc c ur or b e a c hie ve d . Forwa rd - looking sta te m e nts involve known a nd unknown risks,
unc e rta intie s, a ssum p tions a nd othe r fa c tors tha t m a y c a use the Com p a ny's a c tua l re sults
to b e m a te ria lly d iffe re nt from a ny future re sults, p e rform a nc e or a c hie ve m e nts e xp re sse d
or im p lie d b y the forwa rd - looking sta te m e nts. Suc h fa c tors inc lud e , a m ong othe rs, a b ility to
c om p le te its tra nsa c tion with Silve r One Re sourc e s Inc . to a c q uire the Me xic a n Silve r
Prop e rtie s, c om p le tion of the p riva te p la c e m e nt fina nc ing , g e ne ra l b usine ss, e c onom ic , a nd
c om p e titive unc e rta intie s; la c k of p rod uc tion; lim ite d op e ra ting history of the Com p a ny; the
a c tua l re sults of c urre nt e xp lora tion a c tivitie s; a b ility to ob ta in p rosp e c ting lic e nse s or
p e rm its; the le g a l ob lig a tions to c onsult a nd a c c om m od a te a b orig ina l la nd c la im s; p rop e r
title to the c la im tha t c om p rise s the Me xic a n Silve r Prop e rtie s; the Com p a ny m a y lose or
a b a nd on its inte re st in the Me xic a n Silve r Prop e rtie s; a b ility to re ta in q ua lifie d p e rsonne l; the
a b ility to ob ta in a d e q ua te fina nc ing for e xp lora tion a nd d e ve lop m e nt; vola tility of
c om m od ity p ric e s; e nvironm e nta l risks of m ining op e ra tions; a c c id e nts, la b our d isp ute s a nd
othe r risks of the m ining ind ustry, inc lud ing b ut not lim ite d to e nvironm e nta l ha za rd s, c a ve -
ins, p it- wa ll fa ilure s, flood ing , roc k b ursts a nd othe r a c ts of God or unfa voura b le op e ra ting
c ond itions a nd losse s. Forwa rd - looking sta te m e nts a re b a se d on se ve ra l m a te ria l fa c tors
a nd a ssum p tions, inc lud ing re sults, p e rform a nc e or a c hie ve m e nts ng the d e te rm ina tion of
m ine ra l re se rve s or re sourc e s, if a ny, the re sults of e xp lora tion a nd d rilling a c tivitie s, the
a va ila b ility a nd fina l re c e ip t of re q uire d a p p rova ls, lic e nse s a nd p e rm its tha t suffic ie nt
working c a p ita l is a va ila b le to c om p le te p rop ose d e xp lora tion a nd d rilling a c tivitie s, tha t
c ontra c te d p a rtie s p rovid e g ood s a nd se rvic e s on the a g re e d tim e fra m e s, the e q uip m e nt
ne c e ssa ry for e xp lora tion is a va ila b le a s sc he d ule d a nd d oe s not inc ur unfore se e n b re a k
d owns, tha t no la b our shorta g e s or d e la ys a re inc urre d a nd tha t no unusua l g e olog ic a l or
te c hnic a l p rob le m s oc c ur. While the Com p a ny c onsid e rs the se a ssum p tions re a sona b le
b a se d on inform a tion c urre ntly a va ila b le to it, the y m a y p rove inc orre c t. Ac tua l re sults m a y
va ry from suc h forwa rd - looking inform a tion for a va rie ty of re a sons. The se forwa rd - looking
sta te m e nts a re m a d e a s of the d a te of this p re se nta tion a nd a re b a se d up on
m a na g e m e nt’s b e lie fs, e stim a te s a nd op inions. Following listing on the TSX Ve nture
Exc ha ng e , the Com p a ny inte nd s to d isc uss in its q ua rte rly a nd a nnua l re p orts re fe rre d to a s
the Com p a ny’s Ma na g e m e nt’s Disc ussion a nd Ana lysis d oc um e nts a ny e ve nts a nd
c irc um sta nc e s tha t oc c urre d d uring the p e riod to whic h suc h d oc um e nt re la te s tha t a re
re a sona b ly like ly to c a use a c tua l e ve nts or c irc um sta nc e s to d iffe r m a te ria lly from those
d isc lose d in this p re se nta tion. Ne w fa c tors e m e rg e from tim e to tim e , a nd it is not p ossib le
for m a na g e m e nt to p re d ic t a ll of suc h fa c tors a nd to a sse ss in a d va nc e the im p a c t of e a c h
suc h fa c tor on the Com p a ny’s b usine ss or the e xte nt to whic h a ny fa c tor, or c om b ina tion of
fa c tors, m a y c a use a c tua l re sults to d iffe r m a te ria lly from those c onta ine d in a ny forwa rd -
looking sta te m e nt. Othe r tha n a s re q uire d b y la w a nd a s othe rwise sta te d in this
p re se nta tion, the Com p a ny d oe s not inte nd . It und e rta ke s no ob lig a tion to up d a te a ny
forwa rd - looking inform a tion to re fle c t, a m ong othe r thing s, ne w inform a tion or future e ve nts.
Inve stors a re c a utione d a g a inst p la c ing und ue re lia nc e on forwa rd - looking sta te m e nts.
Pe te r Born, P. Ge o, a n ind e p e nd e nt Qua lifie d Pe rson und e r Na tiona l Instrum e nt 43- 1
01
, ha s
re vie we d a nd a p p rove d the te c hnic a l d isc losure in this p re se nta tion. Inve stors a re
c a utione d tha t m ine ra liza tion on a d ja c e nt or ne a rb y p rop e rtie s d oe s not ne c e ssa rily
ind ic a te m ine ra liza tion on the Me xic a n Silve r Prop e rtie s.
Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated and Inferred
Resources
This presentation uses the terms “Measured”, “Indicated,” and “Inferred” Resources as
defined in accordance with NI 43- 101
. United States readers are advised that while Canadian
securities laws recognize the United States Securities and Exchange Commission does not
recognize them . Under United States standards, mineralization may not be classified as a
“reserve” unless the determination has been made that the mineralization could be
economically and legally produced or extracted at the time the reserve calculation is made .
and require such terms United States readers are cautioned not to assume that all or any
part of the mineral deposits in these categories will ever be converted into reserves . In
addition, “Inferred Resources” have a great amount of uncertainty regarding their existence
and economic and legal feasibility . Therefore, it cannot be assumed that all or any part of
an Inferred Resource will ever be upgraded to a higher category . United States readers are
also cautioned not to assume that all or any part of an Inferred Resource exists or is
economically or legally mineable .
3. Investor Presentation – Ap ril 2023 / 3
Foc use d on c ore EV b a tte ry m e ta ls g rowth.
Dive rsifie d e xp lora tion p ortfolio of one lithium
p rop e rty in Snow La ke Ma nitob a with 1
00% inte re st
a nd two silve r p rop e rtie s in Me xic o.
Ne wly a c q uire d La nd Pa c ka g e surround ing lithium
d isc ove ry in Snow La ke , Ma nitob a . The Snow La ke
Distric t ha s ra ise d C$50M+ in the la st 36 m onths,
with fa voura b le ta x tre a tm e nts.
Ne w se a sone d m a na g e m e nt te a m with a p rove n
tra c k re c ord in c a p ita l m a rke ts.
Tig ht c a p ita l struc ture a nd strong c a p ita l p osition.
Investment Highlights
4. Investor Presentation – Ap ril 2023 / 4
• Lod e sta r Ba tte ry Me ta ls is a m ining e xp lora tion
c om p a ny with the g oa l of furthe r a d va nc ing its
c ore p rop e rtie s with an ESG focus.
• Throug h a d d itiona l p roje c t a c q uisitions a nd
c la im e xp a nsions, Lod e sta r Ba tte ry Me ta ls will
c ontinue to e xp a nd a nd d e ve lop it’s p rop e rty
p ortfolio with a ta rg e te d focus on the battery
metals space.
• Organic growth b y a d d ing va lue to our c urre nt
p rop e rtie s throug h c ontinue d e xp lora tion work.
About Us
5. Investor Presentation – Ap ril 2023 / 5
Our Strategy
1 Cle a r foc us on b a tte ry m e ta l a sse ts.
2
Furthe r e xp lora tion of ne wly a c q uire d c la im s
for Pe ny Prop e rty in Snow La ke , Ma nitob a .
3
Hig h p ote ntia l to p rovid e sha re hold e r va lue :
• Pe ny Prop e rty is in c lose p roxim ity to the
Thom p son Brothe rs Lithium d e p osit with a n
Ind ic a te d Re sourc e .
• Ba c ke d b y a c om b ina tion of c a p ita l m a rke ts
e xe c utive s a nd le a d ing e xp lora tion
m a na g e m e nt c onsulta tion in Ma nitob a .
6. Investor Presentation – Ap ril 2023 / 6
Peny Property - Overview
The Pe ny Prop e rty is c om p rise d of 47 m ine ra l c la im s totalling 11,191
Hectares in the Snow La ke d istric t in Ma nitob a , Ca na d a .
• The Pe ny p rop e rty e nc om p a sse s roc k b e long ing to the Pa le op rote rozoic Snow
La ke sub d om a in of the Flin Flon – Gle nnie Com p le x (FFGC) in the Tra ns- Hud son
Orog e n a nd oc c urs a long the fold e d southe rn m a rg in of the Kisse yne w d om a in.
The p rop e rty c om p rise s se d im e nta ry, volc a nic a nd hyp a b yssa l roc ks of the
Burtwood a nd Missi Group s, whic h oc c ur a d ja c e nt to the Crowd uc k Ba y Pluton
a nd a ssoc ia te d fe lsic tona lite s a nd m a p p e d p e g m a tite s.
• The Prop e rty is in c lose p roxim ity to the re c og nize d Crowd uc k Ba y Fa ult, a nd Be rry
Cre e k Fa ult, whic h a re sp a tia lly a ssoc ia te d with p e g m a tite e m p la c e m e nt a t the
We kusko La ke p e g m a tite fie ld whe re Snow La ke Lithium (NASDAQ: LITM) ha s a
d e fine d ind ic a te d re sourc e s of 9.08 Mt@ 1
.00% Li2O, furthe r e xp lora tion work is
a sse ssing the p rod uc tion of 1
60k tonne s p e r a nnum of 6% lithium ore c onc e ntra te
for 8- 1
0 ye a rs.
SNOW LAKE
PENY PROPERTY
7. Investor Presentation – Ap ril 2023 / 7
Peny Property – The Potential
Pe ny Prop e rty offe rs hig h- p ote ntia l g rowth-
b a se d m a rke t c ond itions a nd op p ortunitie s:
• Exp lora tion d e m a nd a nd inve stm e nt inte re st
in ne w Tie r- 1jurisd ic tions suc h a s Ma nitob a
sinc e 90 p e rc e nt of lithium m ining oc c urs in
just thre e c ountrie s (Austra lia , Chile , China ).
• Sp od um e ne (a lithium - ric h m ine ra l)
re p re se nts the m ost a b und a nt lithium ore
a nd ha s b e e n id e ntifie d in a b und a nc e
a d ja c e nt to the p rop e rty.
• Sp od um e ne lithium d e p osits a d va nta g e : The
sp e e d a t whic h lithium c a rb ona te c a n b e
p rod uc e d (Sc a le s, 201
1
). Only five d a ys a re
ne e d e d b e twe e n the tim e the ore is m ine d ,
a nd the fina l p rod uc t is re a d y for ship m e nt.
Conve rse ly, b rine e va p ora tion p roc e ssing
c a n ta ke b e twe e n 1
8 a nd 24 m onths.
8. Investor Presentation – Ap ril 2023 / 8
Peny Property – Ideal Location
• Pe ny Prop e rty is loc a te d a p p roxim a te ly 25
kilom e tre s northe a st of Snow La ke , Ma nitob a .
The Pe ny Prop e rty is p rosp e c tive for Lithium
Pe g m a tite a nd Volc a nic Ma ssive Sulp hid e
(“VMS”) style m ine ra liza tion whic h is known to
oc c ur in the loc a l a re a .
• The Pe ny Prop e rty is loc a te d a d ja c e nt to the
form e r p rod uc ing Osb orne La ke VMS Mine a nd
Bur Prop e rty Cu+Zn+Ag historic a l re sourc e ,
whe re historic a l worke rs re p ort wa ll roc k a re
intrud e d b y c oa rse - g ra ine d , Sp od um e ne
b e a ring , she a re d p e g m a tite .
1
. Mine ra l re sourc e e stim a te from 43- 1
01te c hnic a l re p ort title d ”NI 43- 1
01
Te c hnic a l Re p ort on the Zoro Lithium Proje c t, Snow la ke , Ma nitob a ,”
d a te d July 6th , 201
8, a uthore d b y Fe d ikow e t a l.
2. Mine ra l Re sourc e s in @- K1
300 te c hnic a l re p ort title d “Te c hnic a l Re p ort
Sum m a ry a nd Re sourc e Estim a te , Thom p son Brothe rs Lithium Proje c t,
Snow La ke Are a , He rb La ke Mining Division, Ma nitob a , Ca na d a ,” d a te d
June 9th, 2021
, Pre p a re d b y Ca nm ine Consulta nts
9. Investor Presentation – Ap ril 2023 / 9
Peny Property – Favourable Conditions
• The historic a l work on the p rop e rty ind ic a te s tha t
m ine ra liza tion m a y inc lud e c op p e r a nd zinc ; Lod e sta r
Ba tte ry Me ta ls inte nd s to re foc us on the p roje c t of
lithium e xp lora tion within the c urre nt p rop e rty b ound a ry.
• The Snow La ke a re a ha s a c c e ss to tie r- 1e xisting
infra struc ture , inc lud ing Ra ilwa y Ac c e ss, Roa d Ac c e ss,
Airstrip , a nd p owe r line s.
• Re c e nt e xp lora tion suc c e ss in the d istric t hig hlig hts a
c le a r p a th to p ossib le d isc ove rie s a t the p rop e rty using
trie d a nd te ste d e xp lora tion m e thod s.
10. Investor Presentation – Ap ril 2023 / 10
Lodestar Exploration Strategy
The 2022 Pe ny p re lim ina ry fie ld e xp lora tion p rog ra m ha s b e e n c om p le te d . Furthe r
e va lua tion is re q uire d a s the re sults a re c urre ntly b e ing a na lyze d to d e te rm ine
furthe r fa voura b le tra c e e le m e nt g e oc he m ic a l ve c tors.
Lod e sta r’s fie ld e xp lora tion p rog ra m for 2023 inc lud e s:
• Remote Sensing: By c om b ining m od e rn re m ote se nsing te c hniq ue s using
m ultisp e c tra l im a g ing a nd synthe tic a p e rture ra d a r to a na lyze ve g e ta tion,
struc ture a nd a lte ra tion, c om p le x a nom a lie s c ove ring la rg e a re a s c a n b e
q uic kly a nd e ffe c tive ly id e ntifie d . This is a m ultiva ria te e xp lora tion a p p roa c h,
c om b ining e xisting g e olog ic a l, g e oc he m ic a l, a nd g e op hysic a l d a ta with
m ultip le sa te llite a na lyse s to id e ntify ne w p ote ntia l m ine ra l ta rg e ts.
• Tri- Axial Magnetics: An a irb orne surve y is to b e c om p le te d a s soon a s p ossib le
to id e ntify fa voura b le struc tura l se tting s c ond uc ive to p e g m a tite
e m p la c e m e nt.
• A comprehensive surficial and subsurface structural analysis a nd
inte rp re ta tion, b a se d on re m ote se nsing a nd g e op hysic a l d a ta is to b e
c om p le te d on the c om b ine d d a ta se ts, a nd b y inc orp ora ting historic a l
e xp lora tion a nd re c e ntly q uire d fie ld d a ta the p rop e rty will b e sc re e ne d to
d e ve lop syste m a tic a lly d e rive d ta rg e ts for b oots on the g round follow up work.
• Surface Mapping and Sampling: Surfa c e m a p p ing a nd sa m p ling of outc rop s
will a ssist in id e ntifying a re a s of p e g m a tite outc rop a t the p rop e rty; fie ld
e xp lora tion a c tivitie s c a n b e foc use d b a se d on g e op hysic a l a nd re m ote
se nsing sc re e ning .
11. Investor Presentation – Ap ril 2023 / 11
Snow Lake District
Established
Mining District
Alm ost 1
00 ye a rs of
historic a nd
c onsiste nt m ining in
the a re a
Excellent
Infrastructure
Ne a r hig hwa y, g rid
p owe r, ra ilwa y
Potential for New
Discoveries
Re c e nt inve stm e nts in
the d istric t b y se ve ra l
m ining c om p a nie s
d e m onstra te hig h
c onfid e nc e in the
p ote ntia l for ne w
d isc ove rie s
Established
Operators
Hud Ba y op e ra te s the
La lor Mine a nd
c onc e ntra tor in the
Snow La ke Distric t
EV Supply
Stra te g ic a lly loc a te d to
sup p ly North Am e ric a ’s
g rowing EV a p p e tite
12. Investor Presentation – Ap ril 2023 / 12
Silver Projects
Penasco Quemado (Sonora, Mexico)
La nd Pa c ka g e : 3,746 ha
Ma nto Oxid e Mine ra liza tion Ag , (Cu)
Historic a l M&I: 9.63 Moz Ag 1
Historic a l Infe rre d : 0.1
3 Moz Ag 1
La Frazada (Nayarit, Mexico)
La nd Pa c ka g e : 299 ha
Ep ithe rm a l Ve in Ag , Zn. Pb (Cu)
Historic a l M&I: 4.70 Moz Ag 1
Historic a l Infe rre d : 3.86 Moz Ag 1
Lod e sta r Ba tte ry Me ta ls’ initia l a c q uisition
inc lud e s a 100% interest in two significant
silver assets in Me xic o:
Penasco Quemado (Sonora)
La Frazada (Nayarit)
Lod e sta r Ba tte ry Me ta ls a c q uire d the se a sse ts
from Silve r One Re sourc e s Inc . with ove r 1
0%
Owne rship .
Note : Se e slid e 23 for Historic a l MREs Disc la im e r.
13. Investor Presentation – Ap ril 2023 / 13
Company
Market
Cap
Project Locations Metal Exploration Exploration stage Notes
Manitoba
Property Size
Lodestar
Battery
Metals
TSXV: LSTR
$3M
Snow Lake Manitoba,
Mexico (2)
Lithium,
Silver
Preliminary exploration identifying
mineralization targets
Commenced Exploration
program and tight capital
structure.
27,337 Acres
Foremost
Lithium
Resource
CSE: FAT
$32M
Snow Lake, Manitoba
Lithium
Gold, Silver
Initial drill program at Jean Lake
Lithium Project in winter 2022
Closed 1.6M Non - Brokered
private placement at a
premium . Spread out
amongst 5 properties.
43,031 Acres
Snow Lake
Lithium
Nasdaq: LITM
$46M Snow Lake, Manitoba Lithium 10,000M Drill Program ongoing Raised USD $27MM 55,318 Acres
Direct Comps
Note: Comparison based on companies with controlling interest in Snow Lake and Central Manitoba lithium projects. Market Cap Dat a as of April 1, 2023 , CAD.
14. Investor Presentation – Ap ril 2023 / 14
Capital Structure Comparables
Lodestar Battery Metals
(TSXV: LSTR)
Snow Lake Resources
(NASDAQ: LITM)
Foremost Lithium Resource
(CSE: FAT)
44,336,500
$3,103,555
195,938,799
$33,309,596
$46,265,208
17,924,758
Note: Comparison based on companies with controlling interest in Snow Lake and Central Manitoba lithium projects. Market Cap Dat a as of April 1, 2023, CAD
.
Shares Outstanding
Market Capitalization
15. Investor Presentation – Ap ril 2023 / 15
Longford Exploration
Lod e sta r Ba tte ry Me ta ls ha s re ta ine d Long ford Exp lora tion to
m a na g e the Sta g e 1Exp lora tion p rog ra m on the Pe ny Prop e rty.
Complete project
management p rovid ing
q ua lifie d g e olog ists,
e q uip m e nt, a nd c ustom
e xp lora tion solutions.
Re d uc ing d a y- to- d a y
m ic rom a na g e m e nt for
e xe c utive s.
Advancing exploration
projects to m e e t loc a l
re q uire m e nts, p e rm its, a nd
te c hnic a l re p orting
sta nd a rd s.
Provides access to industry
specialists with a full suite of
m ine ra l e xp lora tion ta le nt,
ra ng ing from g e oc he m istry,
g e op hysic s & struc tura l
m a p p ing . Long ford ’s GIS
sp e c ia lists a re the n a b le to
ta ke the re sults from the fie ld
a nd p rod uc e re p orts.
Track record and expertise
in d e ve lop ing e a rly- sta g e
'g re e nfie ld s' p roje c ts throug h
e xp lora tion d e ve lop m e nt a nd
b ring ing p roje c ts to d rill
re a d ine ss.
16. Investor Presentation – Ap ril 2023 / 16
Timeline
Q4 2022
• Da ta Com p ila tion
• Fie ld Exp lora tion
• CAD $400k c a p ita l
ra ise of flow- throug h
for Pe ny Prop e rty
Q12023
• Ana lysis of Pha se 1
Sa m p le Re sults
• Re m ote Se nsing
• Ad d itiona l Sta king
Q2 2023
• Ge op hysic s (He li)
• Inte rp re ta tion of re sults
• Exp lora tion Pla nning
• Prosp e c tive
Ge oc he m ic a l
Exp lora tion Ca m p a ig n
• 7,859 Ad d itiona l
He c ta re s Sta ke d
Q3 2023
• Fie ld Exp lora tion
Q4 2023
• Da ta Com p ila tion
• Da ta Inte rp re ta tion
17. Investor Presentation – Ap ril 2023 / 17
Management Team & Board of Directors
Exp e rie nc e d m a na g e m e nt te a m with p rove n tra c k re c ord in junior e xp lora tion a nd fina nc e .
Lowell Kamin
CEO & Director
Lowell has over 25 years of Capital
Markets experience at Canadian and
Global Investment Banks in addition
to numerous senior leadership roles.
He advised and raised funds for a
range of Canadian & U.S. mining
issuers from exploration phase to
production.
Killian Ruby
CFO & Director
Killian provides CFO and strategic
financial advisory services to a
arrange of public and private
companies across industries and
sectors. Former audit partner (Baker
Tilly Canada) and senior manager
with KPMG Canada and KPMG
Ireland. Canada CPA, CA and an Irish
Chartered Accountant.
Luke van der Meer, P. Geo
Qualified Person
Luke has over 20 years of experience in
mineral exploration, mining, and civil
engineering. He graduated from the
University of Otago in New Zealand in
2001 and started his career in
underground mining with Barrick Gold in
Western Australia, perfecting technical
best practices in mineral exploration
and resource development.
Scott Margach
Director
Scott is an experienced Analyst and
Portfolio Manager having managed
both Canadian and U.S. public
equities for more than 25 years
including fixed - income and digital
assets. As a consultant, he helped
asset owners and asset managers
deal with the evolving challenges
related to ESG. Scott is a Chartered
Financial Analyst (CFA).
Charles Hethey
Advisor & Counsel
Charles is a securities lawyer in
British Columbia and New York with
over ten years of experience. He
represents a number of U.S. and
Canadian listed entities on the TSX
Venture Exchange, Canadian
Securities Exchange and U.S. OTC
markets. His clients are active in a
broad range of industries with an
emphasis on mining issuers.
Gary Prihar
Director
Founder of VIVA Care Medical and
Move Health & Wellness. Gary is
President at Move Health & Wellness
and a director of Leveljump
Healthcare Corp., Member of the
Chartered Professional Accountants
of BC, Member of the Institute of
Chartered Accountants of BC and
Advisor at Mandala Capital Inc.
18. Investor Presentation – Ap ril 2023 / 18
Contact Us
Lowe ll Ka m in
CEO and Director
Alyssa Barry
Investor Relations
416.272.1241
investors@lodestarbatterymetals.ca
1680 - 355 Burrard Street
Vancouver, BC
V6C 2G8
lodestarbatterymetals.ca
TSX- V: LSTR
20. Investor Presentation – Ap ril 2023 / 20
Lithium & Silver Overview
Lod e sta r Ba tte ry Me ta ls offe rs e xp osure to b oth of the se c ore
EV Me ta ls.
Lithium
Lithium Ion b a tte rie s ha ve ‘won the wa r’for
EV use ; the se hig h- c a p a c ity, fa st- to- c ha rg e
b a tte rie s a re found in e ve ry EV in p rod uc tion
tod a y a nd a re a t the he a rt of the EV
roa d m a p for the future .
Pe ny Prop e rty ha s the p ote ntia l of
lithium hoste d b y Sp od um e ne .
Silver
Silve r will c ontinue to p la y a n inc re a sing
role in the c onstruc tion of e le c tric a l EV
c om p one nts a nd the ir e le c tric a l
c ond uc tive p rop e rtie s.
Lithium , nic ke l a nd c ob a lt a re a ll
e xp e c te d to ha ve the hig he st m ultip le s
of d e m a nd g rowth, with the ne e d for
silve r re m a ining hig h for its c ond uc tive
a nd c orrosion- re sista nt p rop e rtie s.
21. Investor Presentation – Ap ril 2023 / 21
Lithium Market Statistics
Am id a la nd sc a p e of hig h p ric e s
a nd a n und e rsup p lie d m a rke t
e nvironm e nt, Chine se re fine rie s
im p orte d sp od um e ne c onc e ntra te s
b e low 1
.5 p e rc e nt lithium oxid e (0.7
p e rc e nt lithium ) in ord e r to sup p ly
m a rke t ne e d s.
Surg ing EV d e m a nd ha s se e n
lithium p ric e s skyroc ke t b y a round
550 p e rc e nt in a ye a r: b y the
b e g inning of Ma rc h 2022, the lithium
c a rb ona te p ric e ha d p a sse d
$75,000 p e r m e tric ton.
22. Investor Presentation – Ap ril 2023 / 22
Historical MREs Disclaimer
Historic a l 2007 Min e ra l Re sou rc e s Estim a te on th e Pe ñ a sc o Qu e m a d o Prop e rty ( 30 g / t Silve r Cu t- off Gra d e ) Ba se d on d a ta a va ila b le a s of Nove m b e r 2006
Ca te g ory
Tonne s
(Millions)
Silve r Gra d e
(g / t)
Silve r Gra d e
(oz/ t)
Silve r
(m illions of ounc e s)
Me a sure d 0.1
23 1
51
.9 4.88 0.599
Ind ic a te d 2.442 1
1
5.0 3.70 9.032
Me a sure d + Ind ic a te d Tota l 2.565 1
1
6.8 3.76 9.631
Infe rre d 0.001 41
.4 1
.32 0.001
Historic a l 2008 Min e ra l Re sou rc e s Estim a te on th e La Fra za d a Prop e rty ( 60 g / t Silve r Cu t- Off) Ba se d on d a ta a va ila b le a s of Oc tob e r 2008
Re sourc e Cla ssific a tion
Tonne s
(x 1
,000)
Gra d e
Silve r
(g / t)
Gold (g / t) Le a d (%) Zinc (%) Cu (%)
Silve r
(x 000 oz)
Gold
(oz)
Le a d
(x 000 lb )
Zinc
(x 000 lb )
Cu
(x 000 lb )
Me a sure d 304 259.8 0.1
97 0.876 2.36 0.095 2,537 1
,900 5,866 1
5,782 635
Ind ic a te d 279 240.5 0.1
41 0.862 2.52 0.089 2,1
56 1
,300 5,297 1
5,498 546
Tota l Me a sure d + Ind ic a te d 583 250.5 0.1
70 0.869 2.44 0.092 4,693 3,200 1
1
,1
63 31
,280 1
,1
81
Infe rre d 534 224.9 0.1
78 0.923 2.62 0.089 3,859 3,1
00 1
0,860 30,769 1
,046
• Lod e sta r Ba tte ry Me ta ls sta te s with e q ua l p rom ine nc e tha t it is not tre a ting the historic a l e stim a te a s c urre nt m ine ra l re sourc e s or re se rve s.
At this tim e , a q ua lifie d p e rson ha s not d one suffic ie nt work on b e ha lf of Lod e sta r to c la ssify the historic a l e stim a te a s c urre nt m ine ra l
re sourc e s or re se rve s. Inve stors should not re ly on the historic a l e stim a te a s a c urre nt m ine ra l re sourc e e stim a te until it ha s b e e n ve rifie d
a nd sup p orte d in a te c hnic a l re p ort in a c c ord a nc e with NI 43- 1
01
.
• The d isc losure of this historic a l e stim a te ha s b e e n re vie we d b y Luke va n d e r Me e r, a “Qua lifie d Pe rson” a s d e fine d b y Na tiona l Instrum e nt
43- 1
01- Sta nd a rd s of Disc losure for Mine ra l Proje c ts.
23. Investor Presentation – Ap ril 2023 / 23
Sourc e a nd d a te of the historic a l e stim a te ,
inc lud ing a ny e xisting te c hnic a l re p ort
Inform a tion re la ting to the se historic a l e stim a te s is sum m a rize d from the following te c hnic a l re p orts:
Le wis, W.J. a nd Mc Cre a , J.A., (2006), Up d a te d NI 43- 1
01Te c hnic a l Re p ort a nd Re sourc e Estim a te for the Pe ña sc o
Que m a d o Silve r Prop e rty, Ma g d a le na – Tub uta m a Mining Distric t Sonora , Me xic o, 1
52 p . c om p le te d for Silve rm e x
Re sourc e s Lim ite d .
Le wis, Willia m , J., (2008, Am e nd e d 2009), Te c hnic a l Re p ort a nd Pre lim ina ry Mine ra l Re sourc e Estim a te for the La
Fra za d a Silve r p rop e rty, El Zop ilote Mining Distric t, Na ya rit, Me xic o, 99 p . c om p le te d for Silve rm e x Re sourc e s Lim ite d .
Re le va nc e a nd re lia b ility of the historic a l
e stim a te
The Re p orts we re c om p ile d in a c c ord a nc e with Ca na d ia n Institute of Mining (2005) sta nd a rd s a nd b e st p ra c tic e s for
Mine ra l Re sourc e s, a d he ring to NI 43- 1
01
. Silve rm e x e sta b lishe d QAQC p rog ra m s tha t we re re vie we d b y the
ind e p e nd e nt QP who a c c e p te d the d a ta a s suita b le for m ine ra l re sourc e e stim a tion a t tha t tim e .
Ke y a ssum p tions, p a ra m e te rs, a nd m e thod s
use d to p re p a re the historic a l e stim a te
The Pe ña sc o Que m a d o c a p p e d silve r g ra d e wa s inte rp ola te d using IDW m e thod into a b loc k m od e l c onstra ine d b y
m ine ra lize d d om a ins. Pa ra m e te rs use d inc lud e a c ut- off g ra d e of 30 g ra m s p e r tonne (g / t) silve r with hig h- g ra d e
sa m p le s c a p p e d a t 700 g / t silve r.
The La Fra za d a c a p p e d silve r g ra d e wa s inte rp ola te d using se c tion- p olyg ona l m e thod into a b loc k m od e l
c onstra ine d b y m ine ra lize d d om a ins. Pa ra m e te rs use d inc lud e a c ut- off g ra d e of 60 g ra m s p e r tonne (g / t) silve r.
Re sourc e c a te g orie s use d
In a c c ord a nc e with NI 43- 1
01a s d e fine d in 201
1
, the La Fra za d a a nd Pe ña sc o Que m a d o historic a l e stim a te use d the
te rm s infe rre d , ind ic a te d a nd m e a sure d m ine ra l re sourc e ha ving the sa m e m e a ning s a sc rib e d to those te rm s b y the
CIM De finition Sta nd a rd s on Mine ra l Re sourc e s a nd Mine ra l Re se rve s.
More re c e nt e stim a te s or d a ta a va ila b le to
the issue r
The re a re no m ore re c e nt e stim a te s a va ila b le to the c om p a ny on e ithe r p roje c t.
Work ne e d e d to b e d one to up g ra d e or ve rify
the historic a l e stim a te a s c urre nt m ine ra l
re sourc e s or m ine ra l re se rve s
An ind e p e nd e nt Qua lifie d Pe rson ha s not d one suffic ie nt work to re vie w the historic a l d a ta a nd historic a l e stim a te to
d e te rm ine wha t furthe r work would b e re q uire d to write a n up d a te d c urre nt Te c hnic a l Re p ort in a c c ord a nc e with NI
43- 1
01
. It is e nvisa g e d tha t this will involve a n up d a te / re fine m e nt to the g e olog ic m od e l a nd g ra d e inte rp ola tion
m e thod s. The c om p a ny ha s c urre ntly c om m issione d a n up d a te Ni 43- 1
01re p ort a nd MRE a t the Pe ña sc o Que m a d o
Prop e rty.
• In a c c ord a nc e with Se c tion 2.4 of Na tiona l Instrum e nt 43- 1
01– Sta nd a rd s of Disc losure for Mine ra l Proje c ts (“NI 43- 1
01
”) a nd d e sp ite
se c tion 2.2 a n issue r m a y d isc lose a n historic a l e stim a te , using the orig ina l te rm inolog y, if the d isc losure id e ntifie s the following :
Historical MREs Disclaimer (continued)
