Property Overview

RecycLiCo Battery Materials has implemented a two-pronged exploration approach on its multi mineral 997.76 hectares (2,565 acres) gold/silver/copper/cobalt/ tungsten property located 8 km south of New Hazelton, BC.

The Rocher Deboule property is part of the Hazelton Project, which includes 3 historic mines:

• Victoria Mine – where ore grades averaged 123.4 g/t gold and 2.8% cobalt

• Rocher Deboule Mine – where ore grades averaged 5.9% copper and 2.9 g/t gold

• Highland Boy Mine – where ore grades averaged 7.0% copper and 1.8 g/t gold

The property will be explored to expand resource along the high grade (east-west) veins containing copper/gold. The veins lie within an area measuring approximately 1.5 x 2 km, with seven mineralized veins running in an east west direction.

The I.O.C.G. potential was tested by the Geological Survey Branch of the Ministry of Energy and Mines where stream sediment sample #93M831897 returned a > 95 percentile for Au, La, Fe and Cu; high readings for Co, U and REE were also obtained. This is a reading in the first order for IOCG anomalies and targets. Airborne magnetic survey (1967 – 1969) identified a large magnetic high anomaly, located in the central part of the claims which is a good indicator for a large magnetite body with the potential to host an IOCG.

Property History

Since early 1910 the Rocher DeBoule Property has been explored off and on from early 1910 to around 1952. The Rocher DeBoule Mine operated from 1915 to 1916; 1917 to 1918; 1928 and in 1952 which produced a total of 52,719 tons of ore. The Victoria mine worked the No. 1 vein that produced shipping ore in 1918; 1926; 1928; 1940 and 1941. The total amount shipped from this vein was 90.0 tons.

The property lay dormant until acquired by Mr. W.F. McGowan and Family. In 1981 all claims were transferred into the name of Mr. W.F. Craig of Smithers, B.C.

In 1981 D. Groot Logging Ltd. did enter into an agreement with Mr. W.F. Craig to perform work on the property, in view of future potential mining operations.

In 1987 fourteen diamond drill holes were drilled from underground by Southern Gold Resources Ltd. on the #2 vein.

In May 2001 the Company reported it had acquired four (4) staked mineral claims consisting of 53 units (1,325 Hectares) centered around the main underground working at the headwaters of Juniper Creek, 9 kms south of Hazelton , B.C. This transaction was completed for $3,500.??In Sept 2006 the Company reports A.A. Burgoyne, P.Eng., M.Sc., has completed a NI 43-101 geological report on the property.

In Jan 2007 the Company increases the claim size from 2,697 hectares (6,665 acres) to 6,132 hectares (15,151 acres).

In Feb 2007 the Company reports the acquisition of a 100% interest in 461 hectare (1,140 acre) claim block that adjoins the Northeast boundary of their existing 6,123 hectare (15,151 acre) property.

In Mar 2007 the Company reports the acquisition of a 100% interest in a 25 hectare (61.8 acre) claim that is totally within the south west corner of their property. This acquisition gives the company a complete block on the north half of the Rocher Deboule stock which contains the center of the large magnetometer high identified by airborne Magnetic Surveys performed in 1967 and 1969.

In March 2007 the company contracts Fugro Aeroborne Survey Corp of Mississauga, Ontario for a Dighem EM/magnetic/radiometric geophysical survey entailing 754 kilometers on 150 meter spacing’s over a 100 square.

In July 2007 Fugro Airborne Surveys Corp., reports they will commence their planned Aeromagnetic survey. The company is moving forward on their exploration program as recommended by Burgoyne (2006) and the Company’s technical team.

In September 2007 the company issues a release reporting it has acquired the services of Dr. John Belhumeur, Ph.D., a respected Indigenous People consultant to represent the company to carry out consultation with the Gitxsan Houses whose traditional lands may be affected by the exploration work on the Rocher Deboule IOCG Claims.

In September 2007 the company announces the completion of a total of 3,629 feet of diamond drilling from 6 drill holes on the Highland Boy quartz-sulphide-iron oxide vein complex located 2 km east of the past producing Rocher Deboule Cu-Ag-Au mineral occurrence. The drill core is presently being logged and split in half and subject to 61 element ICP geochemical analyses.

In December 2007 the company reports results from their 6 BQTW drill holes (ranging in depth from 137.16-327.66 m) on the highland Boy Upper Vein situated about 2 km east of the past producing Rocher Deboule (Cu-Ag-Au) mineral occurrence.

On August 22, 2011 – Detailed exploration entailing ground magnetometer, rock, soil and silt sampling initiated.

On November 20, 2012 – Three bulk tonnage targest are indicated from 2011-2012 Exploration/Prospecting programs.

On November 1, 2017 – the Company entered into an option agreement with Liaz Pty Ltd (‘Liaz’) (which has since been acquired by Longford Resources Limited (‘LRL’) whereby Liaz may earn a 60% interest in AMI’s Rocher Deboule high-grade copper/gold/cobalt property.  Consideration for the option consists of $10,000 cash; an additional payment of $5,000 or 50,000 shares of Liaz/LRL; exploration expenditures of $2,000,000 over four years; and $10,000 cash plus $5000 cash or 50,000 shares of Liaz/LRL each year until the 60% interest has been fully earned by Liaz.

On December 28, 2017 – the Company announces that Longford Resources (“Longford”) changed its name to: New World Cobalt Limited (‘LRL’)), has successfully completed a due diligence on the high-grade Hazelton Cobalt-Copper-Gold Project at New Hazelton, British Columbia, Canada and will move forward to exercise its right to earn an initial 60% interest in the Project from AMI.