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Reporting assumptions

These choices persist and are added to shared URLs.

Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

North American Lithium

Québec, Canada · Producing · 100.0% ownedUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Category	Tonnes (Mt)	Grade (% Li2O)	Contained (Mt LCE)	As at
Measured	—	—	—	—
Indicated	76.20 Mt	1.17% Li2O	2.20 Mt LCE	30 June 2025
Inferred	18.90 Mt	1.06% Li2O	0.50 Mt LCE	30 June 2025
Total Resources	95.00 Mt	1.15% Li2O	2.70 Mt LCE	30 June 2025
Proved	0.30 Mt	1.01% Li2O	0.01 Mt LCE	30 June 2025
Probable	48.20 Mt	1.11% Li2O	1.32 Mt LCE	30 June 2025
Total Reserves	48.60 Mt	1.11% Li2O	1.33 Mt LCE	30 June 2025

Cut-off grade

0.60% Li2O · 0.70% Li2O

Price assumption

—

JORC code year

2012

Peer benchmark — producing Li projects (18 with resources)Resource size P42Resource grade P14View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: Updated NAL Expansion Scoping Study · 30 June 2025
Reporting code: JORC 2012
Convention: unknown
Currency assumption: A$

Current R&R

Resources

Area	Category	Tonnes (Mt)	Li		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (% Li2O)	Contained (Mt LCE)	As at	Source	Provenance
Total	Total Resources	95.00 Mt	1.15% Li2O	2.70 Mt LCE	30 June 2025	10Unverified Evidence record North American Lithium Total Resource · Li · as at 2025-06-30 Reported figure Area Whole project Basis 100% Ore tonnes (t) 95000000.0000 Grade 1.1500 Contained (t LCE) 2701752.5000 Classification Resource Source trail Updated NAL Expansion Scoping Study 10 Published 2026-05-12 Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.

Reserves

Area	Category	Tonnes (Mt)	Li		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (% Li2O)	Contained (Mt LCE)	As at	Source	Provenance
Total	Proved	0.30 Mt	1.01% Li2O	0.01 Mt LCE	30 June 2025	10Unverified Evidence record North American Lithium Proved · Li · as at 2025-06-30 Reported figure Area Whole project Basis 100% Ore tonnes (t) 300000.0000 Grade 1.0100 Contained (t LCE) 7493.1900 Classification Reserve Source trail Updated NAL Expansion Scoping Study 10 Published 2026-05-12 Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.	notes (2) Source: Updated NAL Expansion Scoping Study · published 12 May 2026 Ref: 10 JORC 2012 — Reporting code of record: JORC 2012 Cutoff 0.60% Li2O — Cut-off grade assumption from the source statement.
Total	Probable	48.20 Mt	1.11% Li2O	1.32 Mt LCE	30 June 2025	10Unverified Evidence record North American Lithium Probable · Li · as at 2025-06-30 Reported figure Area Whole project Basis 100% Ore tonnes (t) 48200000.0000 Grade 1.1100 Contained (t LCE) 1323104.4600 Classification Reserve Source trail Updated NAL Expansion Scoping Study 10 Published 2026-05-12 Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.	notes (2) Source: Updated NAL Expansion Scoping Study · published 12 May 2026 Ref: 10
Total	Total Reserves	48.60 Mt	1.11% Li2O	1.33 Mt LCE	30 June 2025	10Unverified Evidence record North American Lithium Total Reserve · Li · as at 2025-06-30 Reported figure Area Whole project Basis 100% Ore tonnes (t) 48600000.0000 Grade 1.1100 Contained (t LCE) 1334084.5800 Classification Reserve Source trail Updated NAL Expansion Scoping Study 10 Published 2026-05-12 Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.	notes (2) Source: Updated NAL Expansion Scoping Study · published 12 May 2026