Flagship project · Eeyou Istchee James Bay, Nunavik, Québec

Banana Lithium Project

67,245 hectares of 100%-owned, district-scale lithium ground in one of the world's premier hard-rock lithium jurisdictions.

Banana Lithium Project among neighbouring James Bay lithium projects, Québec

A rare, district-scale land position

WhiteRock controls 67,245 hectares of prospective, 100%-owned LCT pegmatite terrain in the Eeyou Istchee James Bay and Nunavik regions of Québec, with the region also hosting some of the most significant hard-rock lithium discoveries of the past decade.

The opportunity

Two major prospects already confirmed, Spodumene Mountain and Isabella. Strike of over 1 km trending NNW is open both to the north and south as well as down dip. Large prospective areas of greenstone belt geology - some outcropping pegmatites have yet to be drill tested. True scale is yet to be revealed.

67,245 hectares 100%-owned tenure
190–275Mt @ 1.2–1.6% Li₂O Exploration Target1
2024 Drilling Campaign All 29 holes hit LCT pegmatite
Met Testing High recovery from HLS testwork Indicative of DMS only flowsheet

1 The Exploration Target is conceptual in nature (Cube Consulting / IGR, 2025, reported under JORC 2012). There has been insufficient exploration to estimate a Mineral Resource and it is uncertain whether further exploration will result in the estimation of a Mineral Resource.

Project strengths

The fundamentals of a lithium mine, in one place

Banana combines high grade spodumene, at surface with shallow mineralization and clean metallurgy results. Combined with the support offered by nearby regional infrastructure, these strengths set the project apart.

Conceptual geological cross-section through the Spodumene Mountain prospect at the Banana Lithium Project

Spodumene, exposed at surface

Thick intercepts of high grade spodumene, from surface or shallow depth. Multiple, stacked pegmatites discovered, shallow dipping at 20 degrees to the east. Two main prospects, Spodumene Mountain and Isabella, both with exploration targets of > 90 million tonnes to be tested in the 2026 drill program.”

Map of the 2024 diamond drill collar locations across the Banana Lithium Project, Québec

Successful 2024 drilling results

WhiteRock's maiden 2024 program was extremely successful, with 7,844 metres drilled across 29 drill holes. All the holes hit LCT mineralisation at / near surface with high grades of 2-3% encountered in many holes. The 2026 program will have a focus on in-fill drilling to prove up a maiden Mineral Resource Estimate, depending on results.

  • 2024 program: 7,844 m across 29 diamond holes
  • 2026 program: 18,000–24,000 m, up to 4 rigs, June to October
  • Maiden Mineral Resource Estimate: targeted 1H 2027
A WhiteRock geologist logging spodumene-bearing drill core from the Banana Lithium Project

Coarse grained, clean mineralogy

Test work showed that on average a coarse grain size, particularly at Spodumene Mountain. XRD showed >95% of lithium was present as spodumene with very low lepidolite observed. Also low iron levels, which is important for meeting battery specifications. High recoveries, up to 87% in HLS test-work suggests a DMS only flowsheet could be employed.

Banana Lithium Project regional infrastructure map, Québec

Infrastructure advantages

Significant infrastructure is already in place within the local region, including hydro power, airstrip capable of handling jet aircraft, all-weather road and an exploration camp. In addition, Le Grande Alliance, a C$4.7 billion agreement between the Quebec Government and The Cree Nation aims to bring development to the region.

  • ~55 km to the all-season Trans-Taïga Road
  • ~50 km to the Laforge-2 hydroelectric facility
  • $4.7B La Grande Alliance regional development

Use of funds

Funded for the 2026 program

The IPO raise funds an expanded 2026 field campaign, stepping the Banana Lithium Project toward a maiden Mineral Resource. Indicative allocation of the net proceeds:

  • Exploration Work Program 81.3%
  • Corporate Administration 10.2%
  • Working Capital 4.8%
  • Remaining Costs of the Offer 3.7%

Maiden resource targeted 1H 2027

The story is just beginning

Follow WhiteRock Lithium as it drills the Banana Lithium Project, the newest large scale hard rock lithium discovery in the prolific James Bay – Nunavik region of Quebec.