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Frontier Lithium Inc V.FL

Alternate Symbol(s):  LITOF

Frontier Lithium Inc. is engaged in the acquisition, exploration and development of lithium mineral properties in Ontario, Canada. The Company is engaged in a pre-production business with a focus to be a strategic and integrated domestic supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide and other chemicals to the electric vehicle and energy storage markets in North America. The Company’s flagship asset, PAK Lithium Project, located about 175 kilometers (km) north of Red Lake, Ontario in the Red Lake Mining District and encompasses close to 27,000 hectares (ha). It also has two other spodumene-bearing discoveries, such as the Bolt pegmatite, which is located between the PAK and Spark deposits, as well as the Pennock pegmatite, located 25 km northwest of the PAK deposit within the project claims. Its lithium products include spodumene concentrate and lithium hydroxide monohydrate.


TSXV:FL - Post by User

Comment by FrankCowperwoodon May 03, 2023 2:10pm
139 Views
Post# 35428064

RE:Drilling

RE:DrillingThey drilled 50 holes last campaign with 2 rigs and can get with those 2 rigs to 100 mln by infrastructure to be completed - just in time. Market discounts FL new resources due to lack of infrastructure, so no need to rush.

On top of that being too aggressive you can be caught in need of cash amid new crisis. More rigs = more costs, why do we need this if infrastructure isn't yet ready. See FL share price in 2020 and think if you wanna be in position like this ( raising money) if anything go wrong with the markets?
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