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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

Post by tickerhiton Feb 08, 2024 9:11pm
246 Views
Post# 35871483

Recap

RecapThe Company  is excited to be moving forward with the next stage of project engineering.  The fully integrated mine, mill, and refinery flowsheet demonstrated in the PFS will be studied in two distinct scopes at the DFS level with the mine and mill scope set to conclude in the next 12-18 months.

It is projected that a mine and milling facility with an estimated output of 200,000 metric tonnes of spodumene concentrate per annum will be brought online in two stages

  • Stage 1 – Winter Road Access: The existing winter road will be used for the construction of the first concentrator line targeting the high purity PAK deposit and facilitating the production of up to 100,000 metric tonnes per annum of premium spodumene concentrates. Stage 1 aims to leverage the winter road for transportation to market to facilitate rapid market penetration with the Company's premium spodumene concentrates.
  • Stage 2 – All Season Road Access: The development and ramping of the second mill line into production will be completed concurrent with the targeted completion of an all-season access-road to the region. This expansion will enable the export of additional premium spodumene concentrates, to enhance Frontier's market presence.
Implementing this phased construction approach serves to mitigate project risks, capitalize on existing infrastructure, and focuses the Company on short-term concentrate production goals. Additionally, this strategy will aim to minimize potential delays associated with all-season road construction, and to provide a more streamlined path with options for operational success.

Frontier remains fully financed for the successful completion of the Phase 1 DFS, reinforcing its commitment to driving sustainable lithium solutions in the Canadian mining industry.

About DRA GLOBAL

DRA Global Limited (ASX: DRA | JSE: DRA) (DRA or the Group) is an international multi-disciplinary engineering, project delivery and operations management group, predominantly focused on the mining, minerals and metals industry. The Group has an extensive track record spanning almost four decades across a wide range of commodities and have delivered more than 8,000 projects, studies, and managed services solutions, and currently operate more than a dozen sites through its operations and maintenance division. DRA has strong expertise in the mining, minerals and metals processing industries, as well as related non-process infrastructure such as, water, and energy solutions and focusses on sustainability and assisting mining companies to achieve their Environmental, Social and Governance goals. DRA covers all major mining centres with offices across Africa and the Middle East , North and South America , and Asia-Pacific .


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