Fran Project, Ontario

Overview

The Fran Project is located approximately 10km north of the Big Hill Project and covers an area of approximately 36km2, with evidence of lithium and tantalum mineralisation present. The property has three known fractionated pegmatite dyke swarms, with beryl and rare earth occurrences: Riber, Fran 1 and Fran 2. The pegmatites are hosted in metasediments (Burwash Formation) and proximal to a fertile, 2-micra granite intrusive system (the Prosperous Granite).

• Known highly fractionated pegmatite systems, with beryl and rare earth occurrences identified at Riber, Fran 1 and Fran 2
• Exposed Riber pegmatite is 13m wide, 50m in length, with other pegmatites in the same orientation also present  
• Historically investigated for Be1,2, gem quality tourmaline (Indicolite), with identified REE / Li minerals including:
  • Amblygonite – Montebrasite (Lithium)
  • Triphylite – Lepidolite (Lithium)
  • Beryl (Beryllium)
  • Columbite-Tantalite (REE, Tantalum)
• A 1999 Tantalum3 focused exploration program identified extremely high values from trench samples up to –
  • 0.57% Ta2O5, 0.53% Nb2O5, 0.09% Rb, 0.02% Cs
• No assays were completed to quantify lithium content at the time

Exploration Program

Narryer has engaged consultants Aurora Geosciences in Yellowknife to help manage exploration over both the Fran and Big Hill projects. This includes beginning the application for drilling, which is planned for Q3 2024. Aurora will also begin fieldwork in June and are familiar with the project, as they were involved in fieldwork undertaken in 2023. The Company has also planned LIDAR for the Fran Project in Q3 2024, which will help in mapping out potential pegmatites.

• First pass exploration in June 2023 identified lithium mineralisation
• The Riber pegmatite contained grab samples of up to 3.95% Li2O. Petrology is required to identify Li mineral assemblage. 
• Channel sampling completed over two dykes showed encouraging Li assays (Li and Be only) included:
  • 0.13% Li2O over 2 m (Riber Dyke)
  • 0.22% Li2O over 1 m (Dyke 500m west of Riber)
• Exploration will focus on the highly fractionated Riber pegmatites to locate the “spodumene zone” of the LCT system, as well as investigate potential for high grade Tantalum mineralisation
• Initial work has identified 40 pegmatites, 12 two mica granites and 89 pegamatiodal granites on the property. The fractionation / mineralisation of these requires further investigation.