The Horizon Project is prospective for near-surface domestic American claystone lithium.

The company completed a 21 drill program (14,432.50 ft), drilling to a max depth of 1,000 ft depth/hole

Horizon consists of 839 claims (7,015ha) just 7.5 km from Tonopah, Nevada

Nevada Bureau of Mines and Geology mapping shows a caldera 16 kilometers in diameter on the eastern portion of the project.

Adjacent to DOE Bipartisan Infrastructure Law grant award project, Tonopah Flats (USD $115 million), for a first-of-kind Lithium Hydroxide claystone processing plant

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2023 Drill Program

On April 25, 2023 Pan American announced the Company’s lithium discovery – encountering lithium in all drill holes sampled to date
  • Results from 20 drill holes intercepted significant lithium grades at multiple broad horizons within the Siebert Formation, testing as high as 2,040 ppm
  • One of the largest lithium deposits identified in the United States of America.
  • Drilling program design
    • Holes Drilled = 21 (BLM, permitted for 22)
    • Minimum Spacing = 900 m
    • Overlap = 50 m
    • Maximum Depth = 1,000 ft
    • Total footage = 14,432.50 ft
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Phase One & Two Drilling Highlights

  • Peak lithium grade of 2,040 ppm with broad zones of mineralization
  • Lithium Concentrations: Using a 900 ppm cut-off weighted lithium grade, eight (8) drill holes ranged from 902 ppm to 1033 ppm with a total cumulative thickness of 2,426 feet (Table 1). The highest measured assay value was 2,040 ppm (HL008) at a depth of 394 ft. Sixteen (16) drill holes produced an average weighted lithium grade above 300 ppm with a total cumulative thickness of 7,390 ft (Table 2)
  • Shallow Overburden: Anomalous lithium concentrations were measured at shallow depth, with as little as 15.5 ft (HL030) overburden.
  • Depth of Mineralization: Drill holes were advanced as far as 1,000 ft of depth confirming lithium mineralization extends to a significant range. Also, the drill results show that lithium-bearing claystone at Horizon is extensive and several meters thick. The basal bedrock of the Siebert Formation was not encountered, allowing for further exploration at depth.
  • Deposit Significance: Exceptional drill results have the potential to further expand on the resource magnitude in the Big Smoky Valley, Nevada.
  • Future Plans: Geophysical, Passive Seismic and Phase 3 drilling
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Horizon Lithium ProjectMineral Resource Estimate

  • The Horizon Lithium Project maiden Resource Estimate was Completed by RESPEC and Totals ‎Over 1.3 million tonnes of Indicated and 8.8 million tonnes of Inferred Lithium Carbonate ‎Equivalent Resources

  • One of the largest identified lithium deposits in the U.S. with an estimated Indicated Mineral Resource of 1.3 million tonnes of Lithium Carbonate Equivalent (“LCE”) and Inferred Mineral Resource of 8.8 million tonnes of LCE, with an average grade of 678 ppm lithium.
  • High-Grade Mineral Resources. Estimates were calculated based on a conservative 300 ppm Li cut-off within an optimized pit.
  • Rapid advancement in a short timeframe. The MRE is based on 20 diamond drill holes completed in 2023, within a year of the Company acquiring rights to the Project pursuant to the Property Option Agreement. One hole was abandoned due to hole conditions and was not used in the MRE.
  • Significant expansion potential through step-out drilling to extend the deposit to the North West, South, East and West and at greater depths. The Company is actively evaluating geophysical exploration techniques and Phase 3 drill planning.
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The Project boundary, 20 exploratory drillholes used in the MRE, and the Mineral Resource body showing unexplored areas to the west, northwest, east and south.

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Horizon’s 7,015ha claim area adjoins American Battery Technology’s (“ABTC”) Tonopah Flats project.

Pan American Energy and surrounding companies show Li grades at depths which indicate the Seibert Formation to be the primary host for mineralization

  • The Horizon Lithium Project, located in west-central Nevada, spans over 70 square kilometers, and the mineral resource estimation pertains to just 31.5% of the total area
  • Regional peer analysis indicates lithium is weakly bound to the clays
  • Drilling has proven limited overburden with continuous clay intercepts at depth

  • The Company is targeting the Siebert Formation, which has been proven to host significant lithium grades at multiple horizons

An accompanying cross-section which bisects the Horizon claims illustrates the local stratigraphy, including the presence of Seibert Formation overlain by Quaternary sediments.

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A Nevada Bureau of Mines & Geology Bulletin documented Seibert Formation outcrops along basin margins, to either side of Horizon property as displayed in the 1979 geologic map.

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Adjacent Ventures

On January 18th, 2024, ABTC announced a research upgrade in the United States, with a total quantified resource of 21.15 million tons of lithium hydroxide monohydrate (LHM)1

  • Pan American’s preliminary drill results are especially significant because of lithium mineralization beginning near surface and extending to depth
  • The project resides in one of the top lithium jurisdictions in North America
  • Drilling indicates significant claystone hosted lithium endowment in the North Big Smoky Valley basin
  • Pan American is aligned with RESPEC, a strategic consultant who supported ABTC’s resource S-K1300 report
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Note: Management cautions that past results or discoveries on proximal properties may not necessarily be indicative to the mineralization present on the Company’s properties 

Qualified Person

The scientific and technical information contained on this website relating to the Horizon Lithium Project has been reviewed and approved by Tabetha Stirrett, P. Geo, a “Qualified Person” as defined by National Instrument 43-101.

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