Frontier Lithium Awards Pre-Feasibility Study to Nordmin Engineering Ltd. for PAK Lithium Project
Sudbury, Ontario, November 24, 2016 – Frontier Lithium (TSX.V: FL) announces the selection of a qualified vendor to prepare a Pre-Feasibility Study (“PFS”) for the development of the PAK Lithium Project and subsequently complete an NI 43-101 compliant report. The contract has been awarded to Nordmin Engineering Ltd. (Nordmin) of Sudbury, Ontario.
Frontier Lithium recently completed an upgraded NI 43-101 resource estimate for the PAK Lithium Project, which is located 175 kilometers north of Red Lake in northwestern Ontario. To date, exploration at the project site consists of channel sampling, bulk sampling and over 4,600 metres of diamond drilling. As lead consultant, Nordmin, along with Frontier will manage a group of selected third party consulting groups to deliver the PFS, which is expected to be completed between the end of March and early May 2017. The PFS will outline the technical and economic parameters of the Project to produce for the most part, technical grade lithium concentrates to determine its viability. The PFS will be based upon open pit mining methods.
Nordmin is a multi-disciplinary firm with offices in Thunder Bay, Sudbury and Kamloops, B.C. that provides civil/structural, mechanical, electrical, instrumentation/automation, mining, and metallurgy designs for their clients. Nordmin employs a number of specialist associates to assist in discrete efforts, such as geotechnical reviews, and other highly specialized roles.
The Nordmin Project team members assembled for this project have conducted numerous pre-feasibility studies and engineering work for a wide range of metal miners throughout Canada, and the world. Nordmin have recently completed projects very similar in scope for Harte Gold, KWG Resources, Xtierra Inc., Stillwater, Canadian Royalties and Pure Gold.
The Company also announces that it has granted incentive stock options totalling 250,000 to a consultant. The options are set for a period of five years, expiring on November 24, 2021. The options are priced at $0.30 and are subject to regulatory approval.