UCC explored the property from 1966-1970 with surface mapping, 17.8 line miles of road building, 3.3 line miles of caterpillar trenching and one hundred twenty-seven (127) rotary drillholes totaling 31,095 ft (9,478 m). In 2010, SRK generated a 43-101 compliant Inferred resource from the historic UCC data.

First Vanadium acquired the property in late 2017 and completed mapping and core and reverse circulation drilling in 2017-2018. The First Vanadium drilling of 89 holes totaling 20,521 ft (6,255 m):

• Confirmed and improved the confidence of the geological model of the deposit
• Confirmed and improved continuity of grade and thickness of the high-grade near surface vanadium unit
• Provided samples from across the full span of the deposit for metallurgical test work

Results from the both UCC and First Vanadium drilling totaling 216 holes were applied to the current Mineral Resource Estimate.