Needs to be fermented.
Full material breakdown in the crafting calculator →
10 Honey + 5 Thistle + 2 Bloodbag + 1 Greydwarf Eye → 1 Mead Base: Frost Resistance
Unlocks once you have stood near a Mead Ketill of level 1 and picked up each of: Honey, Thistle, Bloodbag, Greydwarf Eye.