Columbus Lithium-Boron Project

NEVADA, USA

Project Highlights

Largest Land-Holdings in the Columbus Basin
with 23,000 Acre Land Package

With extremely prospective targets for lithium and boron

World’s #1 Mining Jurisdiction

Located near Tonopah, Nevada and 28 miles from the only lithium brine production facility in the US

(Fraser Institute, 2022)

Major Brine Target Advancing towards Drilling

Phased exploration and drilling planned during H1, 2024

Primed for Success

Commanding land position with demonstrated proof-of-concept outlining potential for significant lithium and boron mineralization

Nevada

Hub for end-to-end domestic clean energy supply chain in the United States

Albemarle’s Silver Peak lithium brine project
Silver Peak is the only lithium producer in the US and has been in production since the 1960s  – making it one of the largest lithium producers in the world

Silver Peak is a geologic and deposit style analogue to the target at the Columbus Lithium-Boron Project and is located only 28 miles away

History

The Columbus basin has seen periodic exploration over the past 150 years starting with a borax brine discovery (1871) and borax mining operations until 1885.

De-risked & Drill-ready

Drill ready targets supported by significant exploration spend, including  geophysical anomalies, geochemical signatures, and historic drilling data

Proof of concept drill hole (LUN-22- 01)

Averaging ~500 ppm Li (samples ranging from 90 ppm to 1,600 ppm) and 3,446 ppm boron from top-to-bottom (665 meters – assays for clays/sediments only)*

Multi-tiered Brine System

Previous drilling has revealed lithium both in shallow and deeper aquifers. Canter is targeting a lithium-brine discovery with its Phase 1 exploration and drilling during H1, 2024

* Please see November 22, 2023 press release for more information / Technical Disclosure

The Vendors

The Craig/Dickman family

Pioneers of Lithium in America

Actively exploring lithium deposits in Nevada for more than 15 years

Over $1B USD staked

In market capitalization over their years of discovery (November 2023)

The Next Discovery

The Columbus Lithium-Boron Project represents another potential discovery with an opportunity to fast-track towards a lithium resource

Similar geological setting to Silver Peak

23,000 acre

Columbus Lithium-Boron Project

Columbus is unique in that it is a structurally and hydrologically closed basin in Nevada with surrounding lithium bearing tertiary volcanic ash and tuffs that have fed the basin for the past 23 million years.

Emerging Tonopah Lithium Loop

Home to one of Tesla’s major gigafactories, North America’s only producing lithium mine, new significant lithium deposits, and recipient of major funding support from US Department of Energy.

Year-round exploration with access to infrastructure

Accessible year-round via paved highway (US- 95) with local gravel access roads throughout the project area.

Large Brine Target

Multi-tiered brine system

Previous drilling identified a multi-tiered brine system with several aquifers encountered north of the primary target area

Favourable coverage of gravity low anomaly

5 km by 2.5 km highly prospective target area supported by favourable geophysical anomalies and geochemical signatures

Enclosed Basin

Unique geologic/structural setting with hydrologically enclosed basin trapping mineralization at Columbus for 23 million years

Future upside at depth

Gravity surveys indicate a deep basement (up to 3657.60 m) highlighting the exploration upside and potential at depth

Phase I exploration set to commence in late Q1, 2024 to include shallow Geoprobe and initial exploration well drilling and 3D modeling

Initial Target & Next Steps

HSAMT survey outlines priority target 

Highly conductive, homogenous zone attributed to subsurface layers indicative of conductive clays and potential lithium-bearing brines. The processed data revealed favourable low resistivity values (0.2 to 0.5 ohm-meters) near the surface down to approximately 670.56 m (2,200 feet) in certain areas (see Figure).

Multi-phased 2024 Exploration and Drilling

Phase 1 exploration expected to include shallow grid auger drilling, modern ANT passive seismic with initial exploration well drilling to delineate near surface lithium mineralization and test the known network of aquifers within the top 304.80 m (1,000 feet). The top priority 5 x 2.5 km target area within the basin has never been drill tested and Canter is taking aim at a new major brine discovery within Nevada’s emerging Tonopah Lithium Loop.

Qualified Person (QP)

The technical information contained in this website was reviewed and approved by Eric Saderholm P.Geo, Director of Canter, a Qualified Person (QP), as defined under National Instrument 43-101-Standards of Disclosure for Mineral Projects.

Columbus Project Recent News

Canter Resources Commences 10-hole Drill Program at the Columbus Lithium-Boron Project in Nevada

Canter Resources Selects Cascade for Shallow Geoprobe Drilling at Columbus

Canter Outlines Significant Subsurface Brine Target with Updated 3D Modeling

Corporate Presentation

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