Lara Exploration Ltd. · TSXV:LRA
Lara Exploration — Investor Presentation (May 2023)
10 slides from Lara Exploration's investor presentation, May 29, 2023
Slide 1: Itaituba Vanadium Project, Tapajos Province, Brazil
Itaituba Vanadium Project Tapajos Province, Brazil
Slide 2: Itaituba Vanadium Project
Itaituba Vanadium Project • Gabbro complex with massive and disseminated magnetite enriched in vanadium. • Potential direct shipping product from partially oxidized massive iron-titanium- vanadium bodies, at or near surface. • Four shallow diamond drill holes completed to date also cut significant i
Slide 3: Access and Infrastructure
Access and Infrastructure • Project lies on highway BR-163 approximately 30 km SE of Itaituba and is accessed via highways BR-230 & BR- 163. Santarem is 330km away to the north on BR-163. • 52 Km by tarred highway to Tapajos River Port at Miritituba or 42 km using the secondary road to km-11 on BR-2
Slide 4: Location and Geology
5) Lara Location and Geology 2 exploration QUATERNARY [ a | Alluvial deposits Sand, Gravel CARBONIFEROUS [ = | Itaituba Formation Sandstone, calcilutites, evaporites [ ane | ‘Nova Olinda Formation Sandstone, evaporites, siltstone Tm] Monte Alegre Formation Sandstone, limestone, siltstone DEVONIAN ‘0
Slide 5: Geology, Vegetation & Mineralization
5 Geology, Vegetation & Mineralization • Massive and disseminated magnetite mineralization is hosted in a gabbro intrusive complex >3 km long (N-S) and 1 km wide, of probable Middle Proterozoic age (ca. 1.9 Ga) • Target zone lies on the crest and flanks of the ridge on the horizon in this photograph
Slide 6: Exploration
6 Exploration • Geological mapping and prospection for massive iron formation and chip sampling of most representative and less weathered outcrop. • Sample analyses for whole rock oxides and multi-elements. • Ground geophysical survey 100m to 200m spaced lines, readings every 10m (GPS-controlled). •
Slide 7: Surface Sample Results
7 Surface Sample Results 11 chip samples of least weathered outcrops in various magnetite bodies in the central part of zone show average values as follows: • Fe203 69.41 % (range 64.77 – 71.33) • Calc. Fe 48.54 % • TiO2 22.98 % (16.43- 26.28) • V2O5 0.45 % (0.405 – 0.497) • Low SiO2 1.08 % (0.04- 1
Slide 8: Diamond Drilling Results
Diamond Drilling Results DRILL HOLE E-UTM N-UTM From (m) To (m) Width (m) Davis Tube V2O5 content in Results Magnetic concentrate (% magnetic (%) fraction) SR-01 624356 9500481 No significant results SR-02 624569 9500559 70.90 75.35 4.45 20.75 0.64 SR-03 624463 9500378 24.03 41.80 17.77 17.34 0.83 S
Slide 9: Commentary
Commentary A four-hole (total of 250.65m) diamond drill program was completed to determine the attitude and vertical depth extension of a number of the massive vanadium-bearing titanium-magnetite bodies previously identified as having potential as direct shipping ore (DSO) at the surface. Core loggi
Slide 10: Sampling QAQC
Sampling QAQC Sampling methodology, Chain of Custody, Quality Assurance and Quality Control All the rock channel and drill core sampling were carried out by or under the supervision of the Company’s Vice-President Exploration and the chain of custody of the samples and drill core from the project ar