Company: LINMF
Filing Date: 2025-08-01
Form Type: 20-F
Source: 0001176256-25-000065
Chunk: 32

Company: Linear Minerals Corp
Filing Date: 2025-08-01
Form: 20-F
Item: Item 4
Chunk 32
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The option agreement may be terminated in certain circumstances, including by Linear Minerals if certain milestones are not met in accordance with agreement.

<{self.tag} alt="{self.alt}" src="{self.src}">Property Location Map

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<{self.tag} alt="{self.alt}" src="{self.src}">Claim Location Map

Jubilee Lithium Property, Ontario

Property description and location

The Jubilee Lithium property consisted of 10 contiguous mineral claims which cover 184 cells with a geographic area of approximately 2,944 hectares of land in the Red Lake Mining District, Northwestern Ontario. The Property is located approximately 80 km northeast of Ear Falls, Ontario. The nearest settlement is the town of Ear Falls, Ontario with a current approximate population of 1,000 inhabitants. The property lies within NTS map sheet 52N/01 and straddles four townships of Costello, Latrielle Lake Area, Jubilee Lake Area and Birkett Townships.
Ownership

On December 1, 2022, the Company entered into an option agreement to acquire a 100% interest in the Jubilee Lithium Property. The Company has completed the required option payments totaling $50,000 as of March 31, 2024 to acquire a 100% interest in the property.

During the year ended March 31, 2024, the Jubilee Lithium property claims were allowed to lapse and as a result the Company wrote-off all deferred costs incurred to date.

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<{self.tag} alt="{self.alt}" src="{self.src}">Property Location Map

Geology

The Jubilee Property is located in the western portion of the Allison Lake Batholith within the Birch-Uchi greenstone belt within the Uchi Subprovince of the Superior Province of Canada. The Superior Province spans the provinces of Manitoba, Quebec and Ontario, and is the earth’s largest Archean craton that accounts for roughly a quarter of the planet’s exposed Archean crust and consists of linear, fault bounded sub provinces that are characterized by metavolcanic, metasedimentary and plutonic rocks. The Property is underlain by the western portion of the Allison Lake Batholith. The Batholith itself is a tadpole-shaped, 16 km by 40 km peraluminous pegmatitic granitoid with a southeast trending narrow pegmatitic “tail” on the southern portion of the batholith. The fine- to medium-grained granitic batholith is comprised of a collage of pegmat