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Sarcobatus Lithium Project

The AMLM Sarcobatus Playa lithium property is comprised of 79 placer mining claims

(1,580 acres) located at Scotty’s Junction in Nye County, Nevada, approximately 40 miles

northwest of Beatty. It is about 20 miles southeast of the AMLM Stonewall Flat lithium

property. AMLM’s Sarcobatus Playa property is immediately west of Iconic Mineral’s

“Bonnie Claire” lithium property. The AMLM claim block includes most of the Sarcobatus

playa (dry lake), as well as a portion of the entrance road to the west of the dry lake.

During 2022, AMLM did hand auger sampling of the original 54 placer mining claims (1,080

acres) on the dry lake at Sarcobatus Playa. 30 samples were collected on May 15, 16 and

21, 2022 by a crew under the direction of the AMLM geochemistry manager. The samples

were collected with a hand auger at depths of 40 to 48 inches (102-122 centimeters). The

sample grid was laid out at claim corners, so that each and every one of the 54 original

mining claims was sampled. The samples were sent to ALS in Reno, Nevada,

which utilized an ultra trace aqua regia ICP-MS analytical procedure.

Lithium content of the 30 samples from the original 54 claims ranged from 229 ppm to 580

ppm and averaged 420 ppm Lithium. The samples were also analyzed for Boron, ranging

from 70 ppm to 580 ppm Boron with an average of 216 ppm Boron. AMLM views these

values as highly anomalous for surface sampling.

The AMLM sampling program was planned to confirm the reported findings of work done in

2016 by Rainmaker Resources. Rainmaker collected 19 hand auger samples at a similar

depth, reporting lithium content of 140 ppm to 300 ppm, with an average of 233 ppm.

AMLM sampled at each of the 19 locations previously sampled by Rainmaker. An additional

11 infill locations were sampled by AMLM to insure that “discovery” requirements under

Nevada mining law were met for each and every one of AMLM’s 54 original claims.

AMLM subsequently carried out hand auger sampling of 19 placer mining claims (380

acres) to the west of the 54 original claims. These claims are adjacent to the playa (dry

lake) and include a portion of the access road to the property. These samples ranged from

188 ppm to 510 ppm lithium, with an average of 307 ppm lithium. While all samples exceed

100 ppm lithium and were strongly anomalous, they were not as high in lithium as the

samples taken from the original 54 claims which are underlain by the playa.