• B4-7 East Extension Target: Ni-Cu-PGE mineralization has been intersected in three drill holes located immediately along the eastern strike extension of the B4-7 Deposit at a shallow depth. These intersections suggest that additional mineralization may be present to the east or at depth.
• B4-7 Down Plunge Target: The B4-7 underground resource is open at depth.
• B4-8 Target: Compilation work has shown that the Ni-Cu-PGE mineralization intersected in drill holes 335, 336, 337, and 457 correlates with the B4-8 conductive horizon, which has not been well tested by drilling. RPA believes that this conductive horizon offers potential for hosting additional Ni-Cu-PGE mineralization.
• B4-8 Target South: A conductive horizon lies to the south of the B4-8 conductor and remains unexplained.
• Scorpion Zone Target: Alpha Zone-style mineralization has been intersected by drilling at shallow levels in the Scorpion Zone area and the mineralization is associated with a VLF conductive axis. The grades and widths encountered by this drilling offer the potential of exploitation by means of an open pit mine. The western extension of this mineralization has not been fully defined by drilling.
• B4-7 East Target: Ni-Cu-PGE mineralization has been intersected in four drill holes located along a strike length of 500 m, approximately one kilometre along the eastern strike extension of the B4-7 Deposit at a shallow depth. The depth extensions of this mineralization have not been fully defined.
• Target "A": Several conductive horizons are present that are hosted by the interpreted southeastern extension of the B4-7 gabbroic horizon and north of the VW Deposit. The source of these conductors has not been explained by trenching or drilling."

"It is clear that the potential of the Grassy Pond Sill for hosting Ni-Cu-PGE deposits has only been tested in detail along a strike length of approximately 1,000 m in the B4-7 Deposit area. Limited work completed by Landore along strike to the east has intersected nickel-copper values which may be indications of the presence of additional massive sulphide lenses in those areas.

Exploration activities in the Grassy Pond and Carrot Top areas, located to the northwest of the B4-7 Deposit, have been successful in discovering nickel-copper mineralization in similar geological environments to the B4-7 Deposit and VW deposit, respectively.  RPA is of the opinion that further exploration in these areas is warranted.

In RPA's opinion, the Grassy Pond Sill has good potential for hosting other massive sulphide lenses in addition to the B4-7 Deposit and recommends that exploration activities continue.

In regard to the VW Deposit, Ni-Cu mineralization has been discovered in outcrop and Diamond drilling along a strike length of approximately 500 m and to a vertical depth of 300 m to 350 m. It is clear that the strike and depth extensions of this mineralization have not been explored in detail and much room remains to host additional deposits. However, in RPA's opinion, the specific geological context of the known mineralization must be clearly understood prior to execution of future exploration activities for VW style mineralization in the Carrot Top Sequence. Testing conductors in gabbroic terrains at shallow depths in the Grassy Pond Sill is a higher priority.

Landore carried out drilling programs from 2013 to 2015 that tested the down-plunge extension of the B4-7 Deposit.  These down-plunge drilling programs have been successful in extending the limits of the B4-7 Deposit along the down-plunge direction by 250 m to 300 m from the previously known limits as of late 2012. The 2014 and 2015 drill holes could increase the B4-7 underground resource by approximately 15% to 20% and RPA is of the opinion that sufficient drill hole information is available to classify the newly outlined material in the Indicated Mineral Resource category.  The B4-7 Deposit is open at depth (See Figure 1-3 in the full report posted on website)."

"RECOMMENDATIONSRPA has the following recommendations for a work program and budget to advance the Project to the next decision stage.  Overall, RPA is of the opinion that there is excellent exploration potential remaining in many areas of the Junior Lake Property and that more work is warranted.  A preliminary economic study that investigates minimum tonnage and grade requirements at a various metal prices is needed to prioritize on-going exploration activities.  In general, RPA's opinion is that future exploration activities should focus on increasing the existing resources and discovering new deposits.