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.

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Frontier Lithium Inc > Pak remains highly profitable

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Post by Mookster3on Feb 15, 2024 7:47am

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Post# 35881328

Pak remains highly profitable

After yesterday’s blowout, it’s perhaps time to step back and revisit the Pak project economics. Chart below shows that Phase I mining of the higher-grade Pak pegmatite (10 mmt @ 2.0 % Li₂O) remains highly profitable even at today’s abysmal concentrate price of US$ 938/t @ 6 % Li₂O (C$1250/t). What’s more, this analysis is conservative because the Pak pegmatite will generate technical grade, rather than chemical grade concentrate and will be North American-sourced and will thus fetch premium pricing.

	FL Pak Phase I
Deposit size mmt	10 mmt
Grade % Li₂O	2.0%
Recovered Grade %	1.5%
Recovered Ore value C$/t	$312/t
OPEX C$/t¹	$82/t

Operating profit C$/t milled	$230/t
Operating profit C$/annum (@ 0.4 mmt/a milled)²	$92 mm

Concentrate (6% Li₂O) C$/t	$1250/t