Projects

Exploration

Kilbourne Mineralization outcrops within ESM’s active use permit.
- Currently ~8,250 ft (2,515 m) of strike length within permit
- Additional ~17,000 ft (5,182 m) of total strike length to the East and South within ESM’s mineral rights
Drilling indicates continuity from surface to a depth of ~3,500 ft (~1,067 m)
Average thickness of the mineralized upper and lower zones is 75.6 ft (22.9 m)
Average grade is 3.0% Cg (graphitic carbon)

Trenching commenced in December 2023
- 265 feet (80.7 m) with 91 samples collected
Drilling commenced in December 2023
- 39 holes completed totaling 11,916 ft (3,632 m)
Bulk sample was collected in January 2024
Phase I of metallurgical testing was completed in Q1 2024 w/ SGS
Phase 2 results expected Q3 of 2024.

Trenching results have demonstrated significant surface mineralization
- KT23-001A 55 ft (16.8 m) at 3.2% Cg
- KT23-001C 42 ft (12.8 m) at 3.5% Cg
Initial 39 holes have returned mineralized intercepts in each, with an average mineralized grade of 3.0% Cg
- Upper Mineralized Zone averages 57 ft (17.8 m) with an average grade of 3.0% Cg
- Lower Mineralized Zone averages 29 ft (7.8m) thick with an average grade of 3.0% Cg
Preliminary metallurgical testing has produced concentrate purity >95% (a benchmark for battery end use) with favorable recoveries
- The company has refined the Phase II metallurgical sample based on the results from Phase I of exploration