Plateau Energy Metals Inc.

Enabling the New Energy Paradigm

Overview

Plateau Energy Metals Inc. (TSXV:PLU, OTCQB:PLUUF), a Canadian-Peruvian exploration and development company, is enabling a new energy paradigm through the exploration and development of its Falchani lithium project and its Macusani uranium project in southeastern Peru. The company, with mineral concessions covering over 930 square kilometers, controls all reported uranium resources known in Peru and has significant lithium resources, all of which are situated near infrastructure. To date, the company has only explored a fraction of its land package.

While Plateau started out exploring uranium, the company has since uncovered the Falchani lithium project, which has presented high-grade values of lithium. On March 4, 2019, the company released an updated resource for Falchani, which indicated (1) the high-grade lithium-rich tuff zone an indicated resource of 0.79 million tonnes of lithium carbonate equivalent with an average grade of 3,500 ppm Li and an inferred resource of 2.13 million tonnes of lithium carbonate equivalent with an average grade of 3,243 ppm Li, and (2) the lithium-rich tuff plus upper and lower breccia zone an indicated resource of 0.96 million tonnes lithium carbonate equivalent with an average grade of 2,954 ppm Li and an inferred resource of 3.75 million tonnes of lithium carbonate equivalent with an average grade of 2,706 ppm Li.

The company is now moving ahead with a preliminary economic assessment (PEA) expected in mid 2019. With the newly uncovered lithium project, Plateau plans to take advantage of a rapidly growing lithium market that is facing increased demand due to the rise in lithium-ion batteries and global electrification.

The Macusani uranium project, which the company was founded upon, released a resource estimate in 2015 which has measured and indicated resources of 52.9 million pounds of U3O8 at 248 ppm and an inferred resource of 72.1 million pounds of U3O8 at 251 ppm. In 2016, the company released an updated PEA which indicated robust after-tax economic returns of NPV (8 percent) US $603 million, IRR of over 40 percent and a rapid payback in 1.8 years. This is a low capital intensity, low cash cost, high-margin scalable project.

In 2019, Plateau has continues work in the region, moving forward on environmental assessment work, conducting optimization work programs, and pending those results, updating the current PEA. Plateau is well positioned to take advantage of the world’s growing need for cleaner, safer and efficient sources of energy which uranium provides.

Plateau Energy Metals is led by a highly experienced team specializing in a range of skills (exploration, development and capital markets) across the various phases of project development. CEO Alex Holmes has spent more than 15 years working in the mining industry and was most recently partner and co-founder of Oxygen Capital Corp., leading business development activities for all affiliated companies, including True Gold Mining Inc. Laurence Stefan, President and COO, brings a wealth of experience in exploration and operations in Peru, coming from many years working with the largest South African mining companies.

Company Highlights

  • 100 percent control of a 930-square-kilometer land package in stable jurisdiction of Peru’s Macusani plateau
    • Excellent infrastructure (highway, water, power and labor)
    • In a very supportive mining jurisdiction
  • Active exploration of both lithium and uranium in the land package
  • Falchani lithium – a clean tech strategic asset
    • Large high-grade updated resource estimate recently published
    • Hard rock lithium deposit – a ‘sold brine’
    • Further exploration with only 30 percent of the area drilled to date
  • Macusani uranium – a green energy enabler
    • A large well-defined uranium resource in an emerging uranium district
    • Robust PEA economics
    • Ability to fast track development to feasibility with a scalable, flexible growth plan
  • Key catalysts for 2H 2019:
    • Falchani – initial PEA
    • Macusani – optimization work, updated resource and an updated PEA