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CONFIDENTIAL







          ENTERPRISE NICKEL DEVELOPMENT - ZAMBIA






        Resource (M&I) 37.7Mt @ 1.03% Ni

        Resource (Inf.)    9.3Mt @ 0.73% Ni









                                                                   Reserve (P&P) 34.7Mt  @ 0.99% Ni






                                                                                                                                                           Enterprise









        Enterprise ore will be processed at FQM’s nearby Trident Plant


                                                                                                                                      Enterprise SW
                                                                                                                                                         Enterprise


                                                                                                                                                         SW


                                                                                                                                                                                     16
       For details see FQM Annual Information Form – March 2021
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