Frontier Lithium Inc V.FL

Alternate Symbol(s): LITOF

Metals & Mining Industrial Metals & Minerals

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

Frontier Lithium Inc > Conservative Li pricing

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Comment by DoggerJTon May 31, 2023 4:27pm

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Post# 35473523

RE:Conservative Li pricing

Mookster3 wrote: The PFS uses very conservative Li pricing; e.g. US $1350/t for Li concentrate @ 6%, whereas current spot price is US$4,000/t@ 6%..

Very conservative.

I look at CRE for their Feasibility Study estimates and they used $4,039 per tonne of technical grade, vs. FL's $3,000 per tonne. They also used $1,852 per tonne of chemical grade vs. FL's $1,350. That's over a 30% premium on FL's assumptions.

And as per Raff's comments, imagine what the final numbers look like if/when the inferred moves into the M+I category.

Boom.

For those that are hard of hearing... BOOM!!! ;-)

GLTA

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