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Frontier Lithium Inc.
Summary
| Project: | PAK | |
|---|---|---|
| Deposit: | PAK | |
| Location: | Canada | |
| Commodities: | Lithium-Tantalum-Caesium-Rubidium | |
| Date: | 3/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 2-3-2018: Frontier Lithium Inc. announces a Pre-Feasibility Study report for its PAK deposit at the PAK project. Resource updated + PFS study results incl. post-tax NPV (8%) of $301M, IRR of 38.3%, LOM 16yrs. Sudbury, Ontario, March 2, 2018 – Frontier Lit | |
| Resources: | (Reserve, Total): 5.77Mt @ 2.00% Li2O at project | |
| CP/QP: | [Resources]: Todd McCracken (WSP Canada Inc.) | |
| ABSTRACT: | Sudbury, Ontario, March 2, 2018 – Frontier Lithium Inc. (TSXV: FL) (“Frontier” or “the Company”) is pleased to release the results of a Preliminary Feasibility Study (“PFS”) for the PAK Lithium Project located approximately 175 kilometers north of Red Lake, Ontario. Included with this PFS is the announcement on the updated Mineral Resource Estimate for the PAK Lithium Project. The results of the PFS (see tables 1-5 below) include a pre-tax net present value at a 8 percent discount rate of $448 million with a pre-tax internal rate of return of 46.5 percent and a post-tax NPV at a 8 percent discount rate of $301 million with a post-tax IRR of 38.3 percent. The PFS is based on an updated mineral resource estimate completed by Todd McCracken, P.Geo, outlined in the National Instrument 43-101 technical report update as reported in Table 6. “The compelling PFS results display the PAK Lithium Project’s ability to firstly become a high margin, low cost producer of a unique premium low-iron spodumene concentrate which is in very high demand by the global lithium market. In addition, an additional by-product output of chemical grade concentrate is produced which could also be further upgraded as required by the lithium battery market” comments Trevor Walker, President and CEO of Frontier Lithium. “Despite the strong PFS results, I see room to further optimize the resource and engineering designs and have already transitioned to feasibility level work. This significant milestone also sets the path forward to strategically expand the resource, support ongoing lithium compound testwork, progress our discussions with potential offtake, as well as furthering collaboration agreements with our neighboring First Nation communities." | |
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