The Northern Lights Project is located in the Upper Eastmain Greenstone Belt in Quebec, Canada, and covers a total land package of 536km². The Northern Lights Project includes:

• Northern Lights Assets (75% owned)

• Eastmain Lèran Project (Option to own 75%)

James Bay is emerging as a tier-1 lithium district and host to several recent major discoveries including:

• Patriot Battery Metals’ (TSX-V: PMET, ASX: PMT)) Shaakichiuwaanaan Property (formerly known as Corvette) – Indicated Resource of 80.1Mt at 1.44% Li₂O and 163ppm Ta₂O₅ and Inferred Resource of 62.5Mt at 1.31% Li₂O and 147 ppm Ta₂O₅ (August 2024)^[1]. This represents the largest lithium pegmatite Mineral Resource in the Americas and the eighth largest globally.
• Arcadium Lithium’s (NYSE: ALTM, ASX: LTM) James Bay Project, which is currently under development, with a Mineral Resource of 110.25Mt @1.3% Li₂O (August 2023)^[2]
  
• Winsome Resources’ (ASX:WR1) Adina Project – Mineral Resource of 78Mt @ 1.15% Li2O^[3], with recent successful Scoping Study to convert the processing plant at the nearby Renard Mine as a central lithium processing facility^[4]

Mont Royal’s Bohier Lithium Project borders Benz Mining’s (ASX:BNZ TSX-V:BNZ) Ruby Hill West Project

• High-grade intercepts include 31.1m at 0.9% Li₂O including 12.7m at 1.3% Li₂O^[5], 3.7m at 2.6% Li₂O^[5] and 19.5m at 1.13% Li₂O from surface^[6]

In addition, the region also offers compelling gold and copper potential, with Mont Royal’s tenure sitting adjacent to Benz Mining’s (ASX:BNZ TSX-V:BNZ) Eastmain Gold Project:

• Mineral Resource Estimate of 1.005Moz grading 6.1g/t Au, including 384,000oz of Indicated material at 9.0g/t Au^[7].

Mont Royal’s exploration programs at the Northern Lights Project has established three distinct target areas:

• Bohier LCT-bearing pegmatite outcrops and 500-metre exploration target;
• Léran Wahemen Boulder field high-grade discoveries; and
• Léran Central Boulder discovery and 8km tantalum zone.

Two pegmatite outcrops of approximately 8m length have been defined at Bohier, with these pegmatites showing a similar chemistry (potassium and rubidium content) to known lithium-rich pegmatites in the region, providing strong evidence that these targets may represent a depleted zone within an otherwise lithium-rich intrusion, as is commonly seen in this type of deposit.

Trenching and channel sampling programs to test these areas returned assays including 6.05m @ 1.78% Li₂O, 7m @ 1.71% Li₂O and 1m @ 1.97% Li₂O.

In addition, interpretation of gravimetric and LiDAR data has identified a series of gravimetric lows (which is significant as pegmatites are less dense than surrounding greenstones). One of these gravimetric lows represents the direct continuation of the known pegmatite exposure at surface and extends 500m to the west.

This anomaly extends over a small pegmatite outcrop with traces of spodumene (assays from surface sampling returned values of 75ppm Li), which indicates that the gravimetric low is related to the spodumene pegmatite – making it a priority focus. Five other anomalies have been interpreted with lengths varying from 200m to 400m.

Grab sampling at the Léran Wahemen Boulder Field has returned positive results, with assays of 4.02% Li₂O, 3.51% Li₂O and 2.41% Li₂O returned from an area approximately 1km north-east of a historical lithium occurrence.

At the Léran Central Boulder Discovery, a spodumene-bearing boulder returned an assay of 1.12% Li2O, opening up a new prospective area approximately 8km from the Wahemen Boulder field.

To follow-up these discoveries, surface sampling has been undertaken over the central and northern sections of the Léran property, including several wide areas of potentially lithium-bearing pegmatites nearby known occurrences, with the aim of expanding the Company’s inventory of lithium targets at Léran for future drilling.

One of the spodumene-bearing pegmatite boulders found at Petit-Léran.