Patriot's Shaga Jaan Project Presentation

Key Themes

1. Significance of Discoveries

   • Shaga Jaan project comparable to Greenbushes, rather than Pilgangoora.
   • High significance in the North American and European markets.

2. Lithium Market Context

   • Despite market fluctuations, optimism is warranted due to the potential in lithium, centering around China.

Shaga Jaan - Project Details

• Name Origin: Derived from the Cree First Nations in the James Bay Region.
• Resource Upgrade:
  • Recent upgrade critical for feasibility studies.
  • Large scale and high-grade potential.
  • Current resource: 142 million tons, with exploration targets pushing potential to 300-400 million tons.

Exploration & Development

• Geological Work:
  • Significant exploration potential remains.
  • High-grade potential, likened to Greenbushes.
• Strategic Land Holding:
  • Secured key ground early on, aiding exploration endeavors.

Mining Strategy

• Resource Composition:
  • High-grade zones identified (e.g., Nova Zone in CV5).
  • Includes underground resources due to rich potential zones.
• Infrastructure Proximity:
  • Close to key infrastructure (trans-Quebec highway, hydro dams).

Market and Regulatory Environment

• Quebec's Mining Process:
  • Well-structured and integrated with First Nations for approvals.
• Global Lithium Market Dynamics:
  • China's role in market fluctuations and supply chain dynamics.
  • Competitive disadvantages in China's raw material resources.
  • Anticipation of higher long-term lithium prices due to market structures.

Demand & Competitive Advantage

• Lithium-Ion Battery Market:
  • Fast-reducing costs, notably in LFP cells.
  • EVs becoming economically compelling, especially in China.
• Strategic Position:
  • Potential IRA compliance for North American and European supply chains.

Future Outlook

• Exploration and Development Continuation
  • Ongoing exploration due to significant potential.
  • Development of CV5 with Cree collaboration and Quebec’s support.

Conclusion

• Optimism for Demand:
  • Strong growth potential in lithium and EV markets.
• Strategic Importance:
  • Shaga Jaan positioned as a crucial asset for future lithium supply chains in North America and Europe.

---

The presentation highlights significant geological findings, strategic advantages, and market dynamics, positioning the Shaga Jaan project as a future cornerstone in lithium supply.