In 2021 FE launched an exploration program at Augustus which included prospecting, stripping, grab and channel sampling along with the completion of a Phase One diamond drill program of 5,847.15m designed to reconfirm previous results within 32 drill holes.

• Of the 32 drill holes, 27 intersected significant spodumene rich lithium-bearing pegmatites
• Confirmed the historical lithium mineralization of over 10,000ppm (>1%) Li oxide in reported drill holes  
• Two of the drill holes, LC21-30 and LC21-31, were completed for advanced metallurgical test work for Lithium production.
• Program delineated spodumene pegmatites which are still open along strike and depth at the two targets investigated.
• At the Beluga/Canadian Lithium prospect an approximately 50 meters wide high-grade lithium bearing spodumene pegmatite zone has been identified on surface which needs follow up work.

2021 Drilling on the Augustus Lithium Project served to cover only a portion of the pegmatite bodies on the project. The Phase One 2021 drilling program at Augustus and the Beluga target were successful in locating, confirming, and extending the Lithium bearing rock units which were historically previously identified. The results of the Phase One program have allowed us to begin to assess and build an underground model of the mineralized body.

As part of the Company’s Phase Two exploration program work which included prospecting, mapping, sampling, and diamond core drilling. The Company has completed eight NQ size core drill holes on the Augustus Property with a cumulative drilling of over 2,200 meters for this Phase of the work program. To date FE Battery Metals has completed over 8,000 meters of diamond drilling on the Property.

FE conducted a 660 line-km high-resolution helicopter-borne magnetic survey over the Augustus Property. Survey flight lines were spaced 25 meters apart with the area investigated beginning near to the North American Lithium (NAL) mine and extending 8km westward to encompasses several important Lithium targets including Augustus and Beluga on the First Energy claims.