Developing a World-Class Lithium Deposit for Expanding Markets
Frontier Lithium is actively exploring its 100% owned project which contains the Pakeagama Lake pegmatite - 8.2 million tonnes of what is the highest grade lithium deposit in North America*
Exploration work conducted throughout 2013 to 2016 shows the PAK deposit could be a potential near-term supplier of high-purity technical-grade lithium concentrates from the mineral spodumene that is preferred by the ceramic and glass market which consumes approximately one-third of total global lithium production.
Tight share structure with management ownership exceeding over 30% of the company.
8.2 million tonnes of highest-grade lithium deposit known in North America and deposit remains open in all directions (March 2016 Mineral Resource Estimate).
Successful metallurgical tests producing spodumene concentrate with a grade of 7.13% Li2O from representative bulk sample.
Pre-Feasibility study to start Phase I production based on open pit mining methods to produce high-grade, low-impurtiy concentrates targeted for completion by end of 2017.
Potential for near-term production of technical grade lithium for the ceramics and glass market (defined as Phase I), and potential future participation in the bugeoning lithium battery market with production of lithium compounds (defined as Phase II).
Expenditures of CAD $6 million on the project to date resulting in extremely low lithium acquisition costs of exploration at $33/contained Li2O eq. tonne.
Deposit is very wide and amenable to open pit mining methods.
In the Press: Frontier Lithium (TSX.V:FL) Recommended As a Company to Watch
Frontier Lithium was mentioned on the Business News Network (BNN) by John Hykawy, President of Stormcrow Capital, as one of the strongest junior lithium stocks to watch.
Frontier Lithium is taking a very systematic, staged approach to advancing the PAK Lithium Project into the lithium market by assessment of producing lithium products through the following sequence:
Phase I is to produce tehnical grade lithium concentrates. Frontier is currently conducting a Pre-Feasibility Study which is supported by recent testwork that produced spodumene concentrate with a grade of 7.13% Li2O from with a corresponding Li2O recovery of 79.4% and iron oxide levels of 0.1% Fe2O3. These results meet expectations from the lithium market’s industrial consumers (technical grade), and consequently exceed chemical grade requirements for further upgrading to produce compounds for the lithium-ion battery market – a global market that is anxious to see a new, serious supplier in a favourable jurisdiction come online as a sustainable source for low-iron, high purity lithium.
Phase II is future production of battery and/or technical grade lithium compounds. Currently Frontier is conducting a proof of concept of producing lithium carbonate from representative spodumene concentrate.