SUDBURY, ON, Nov. 3, 2021 /CNW/ - Frontier Lithium
Inc. (TSXV: FL) (OTCQX: LITOF) (FSE: HL2) ("Frontier"
or "the Company") is pleased to announce the commencement
of an advanced metallurgical program for its PAK Lithium Project.
Led by a reputable third-party lab, the lithium concentrate pilot
will:
- Optimize the concentrator flowsheet(s),
- Generate data required for the Pre-Feasibility study (PFS) and
the corresponding Definitive Feasibility study (DFS) engineering
work, and
- Generate concentrate to be used for downstream chemical
processing test work.
Completion of the work is expected by the end of 2021.
Frontier is encouraged by recent initial flotation tests from
the Spark deposit material, producing chemical grade concentrates
that met the company's internal specifications criteria and an
average grade of 6.6% lithium oxide. The 20kg of chemical grade
concentrate recently produced is currently being used for a
bench-scale assessment of the alkaline process route to produce
lithium hydroxide. The mineral processing pilot test work program
announced is expected to result in a robust process flowsheet to
produce high quality chemical grade concentrates with recoveries
greater than 80% and grades greater than 6% Li2O.
Dr. Naizhen Cao, Vice President of Technology for Frontier
Lithium, commented "The mineral processing test work program will
allow the Company to discern the options and optimize production
capabilities for both technical grade and chemical grade
concentrates from our resource." He further added "All of the
mineral processing test work to support the company's advancing
trade-off for chemical process selection and feasibility studies.
The pilot will also produce representative bulk flotation
concentrates required to pilot the selected lithium chemicals
process for battery-grade lithium hydroxide production."
The pilot scope of work to optimize the concentrator flowsheet
will be completed using up to a 10 tonne bulk sample
comprised of representative pegmatite samples from both the Spark
and PAK deposits.
In 2020, Frontier successfully produced a high quality
technical-grade spodumene concentrate with an average grade of 7.2%
lithium oxide with low impurities and yields greater than 25% from
a PAK Deposit composite sample.
Due Diligence
All scientific and technical information in this release has
been reviewed and approved by Garth
Drever, P.Geo., the qualified person (QP) under the
definitions established by National Instrument 43-101.
About Frontier Lithium Inc.
Frontier Lithium is a preproduction business that is targeting
to become a manufacturer of battery-quality lithium hydroxide to
support electric vehicle and battery supply chains in North America. Frontier owns the PAK Lithium
Project which contains one of North
America's highest-grade, large-tonnage hard-rock lithium
resources in the form of a rare low-iron spodumene. The project
continues to have significant exploration upside with potential to
increase the lithium resource. It is a pure-play lithium company
with the largest land position in the Electric Avenue, a premium
lithium mineral district located in Northern Ontario.
About PAK Lithium Project
The PAK Lithium Project a tier one lithium resource in
North America and one of the
global top three premium resources by quality. A 2021 preliminary
economic assessment of a fully integrated lithium operation
utilizing spodumene concentrate generated from the PAK lithium
project resource to achieve downstream conversion for production of
battery-quality lithium chemicals resulted in an after-tax net
present value (discounted at 8 per cent) of $974-million (U.S.) with a 21-per-cent internal
rate of return. The Project encompasses 26,774 hectares at the
south end of Ontario's Electric
Avenue, the largest land package hosting premium lithium-bearing
pegmatites in Ontario. The Project
covers 65 kilometres of the Electric Avenue's length and remains
largely unexplored; however, since 2013, the company has delineated
two premium spodumene-bearing lithium deposits (PAK and Spark),
located 2.3 kilometres apart. The Project supported by a measured
and indicated resource of 10.49 million tonnes (Mt) averaging 1.78
per cent lithium oxide (Li2O) and inferred resource of
18.48 Mt averaging 1.45 per cent Li2O.Considerable
exploration upside is supported on the PAK Lithium Project through
two other spodumene-bearing discoveries: the Bolt pegmatite
(located between the PAK and Spark deposits), as well as the
Pennock pegmatite (30 kilometres northwest of PAK Deposit within
the project claims).
Forward-looking Statements
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This release includes certain statements
that may be deemed "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company
expects are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward looking statements
include market prices, exploitation and exploration successes,
continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance
and those actual results or developments may differ materially from
those projected in the forward-looking statements. For more
information on the Company, Investors should review the Company's
registered filings available at sedar.com.
SOURCE Frontier Lithium Inc.