Mofe Creek Project Project Mofe Creek The Mofe Creek Project is located within one of Liberia’s historic premier iron ore mining districts. The project is 10km along strike from the abandoned Bomi Hills mine (>50Mt DSO @ 65% Fe), 80km along strike from the historic Bong Mine (>275Mt @ 38% Fe), 45km from the Mano River mine (100Mt @ 52% Fe) and 20km from the Bea Mountain resource (>100Mt @ 45% Fe). Proximity to the coast and positive initial metallurgical test-work results suggests the potential for an early start-up, low capital intensity project, with low operating costs. Cowan Lithium entered into a Mofe Creek Option Agreement with Al Rawda Resources Ltd in May 2018. If the option is exercised, and completion under the resulting sale agreement occurs, Cowan Lithium will dispose of its interests in the Mofe Creek Project in exchange for $480,000 and a 1.25% royalty.