SUDBURY, ON, Jan. 11, 2022 /CNW/ - Frontier Lithium Inc.
(TSXV: FL) (OTCQX: LITOF) (FSE: HL2) ("Frontier" or the
"Company") is pleased to report metallurgical results from the
Company's 100% owned PAK Lithium Project (the "Project") in the Red
Lake Mining District, Northwestern
Ontario. Locked Cycle Test (LCT) flotation work was
performed ahead of conducting a pilot plant campaign that will
commence in the coming weeks with a representative 7 tonne bulk
sample from the Spark deposit. The testwork was undertaken by a
reputable third-party lab, based in Ontario, Canada.
The comprehensive program returned favourable results,
confirming the suitability and robustness of the flowsheet design.
Locked cycle flotation produced a lithium concentrate with grade of
6.15% lithium oxide (Li2O) with a corresponding Li
recovery of 78.1 %. The test involved six cycles and was very
stable indicating good metallurgy. The sample included approximate
zonation variability of the resource with dilution at the average
Spark resource grade of 1.59% lithium oxide (Li2O) and
final iron oxide levels of 0.44% Fe2O3. These
results confirm the suitability of the material to meet the most
rigorous specifications of the lithium market. The LCT results are
summarized in Table 1.
Table 1: Results of
Locked Cycle Flotation Test Results (Composite
Sample)
|
Sample
|
Feed
Grade
Li2O (%)
|
Concentrate
Grade Li2O
(%)
|
Fe2O3 (%)
|
Na2O
(%)
|
K2O
(%)
|
CaO+
MgO +
MnO (%)
|
P2O5 (%)
|
Frontier – Spark
Pegmatite Composite Sample
|
1.59
|
6.15
|
0.44
|
0.61
|
0.27
|
0.65
|
0.27
|
Frontier – PAK
Pegmatite Composite Sample(1)
|
2.06
|
7.2
|
0.135
|
0.16
|
0.30
|
N/A
|
0.05
|
Australian
Producer
|
N/A
|
6.10
|
0.61
|
0.80
|
0.76
|
0.79
|
0.30
|
North American
Project
|
1.11
|
6.35
|
0.93
|
0.63
|
0.49
|
0.96
|
0.32
|
(1) Frontier
Lithium PAK deposit locked cycle test flotation results
(link)
|
The metallurgical results from the PAK and Spark deposits give
us confidence in continuing our work on the pilot plant that will
process a combined sample of PAK and Spark ore and is expected to
produce 1,000 kg of concentrate to be used for the development of
the downstream lithium hydroxide conversion process.
"Frontier is currently conducting a Pre-Feasibility Study, and
the positive LCT results are another important step in de-risking
the Project. These results meet and exceed chemical grade
requirements for further upgrading to produce compounds for the
lithium-ion battery market – a global market that is anxious to
source sustainable, low-iron, high purity lithium materials from a
favourable jurisdiction," said Dr. Naizhen Cao, Vice President,
Technology of Frontier Lithium.
Due diligence
Mr. Garth Drever, P.Geo., is the
"Qualified Person" for Frontier defined under NI 43-101 and has
reviewed and approved the technical information contained in this
news release.
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. The Company is a pure-play lithium
development opportunity 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 contains a tier one lithium resource in
North America and is one of the
global top three premium resources by quality. A 2021 preliminary
economic assessment (National Instrument 43-101 technical report
titled "Pak Property" by BBA Engineering Ltd., issued on
April 5, 2021) delivered a fully
integrated lithium operation from the resource to achieve
downstream conversion plan for production of battery-quality
lithium chemicals. The study 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
is 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.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.
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.