Frontier Lithium Signs Important Exploration Agreements with Deer Lake First Nation and Sandy Lake First Nation

Sudbury, Ontario, October 21, 2016 – Frontier Lithium (TSX.V: FL) (the “Company”), is pleased to announce that it has signed Exploration Agreements with Deer Lake First Nation (“DLFN”) and Sandy Lake First Nation (“SLFN”) regarding Frontier’s mineral exploration activities on its PAK Lithium Project (the “Project”) in the Red Lake Mining District, Northwestern Ontario. The registered membership of DLFN is one thousand, three-hundred and twelve (1,312) people and three-thousand and sixty-two (3,062) people with SLFN.

The Company wishes to continue to conduct mineral exploration with the support of the two communities and this new agreement allows for that process. The agreements promote a cooperative and mutually beneficial and respectful relationship concerning DLFN, SLFN and Frontier Lithium’s explorations of its current and additional (if any) mining claims or properties that the Company may acquire an interest in – all for which are located within the Traditional Territories of the communities (as defined in the signed Exploration Agreements).

The agreements recognize and respect the Aboriginal and Treaty rights and interests of both communities, together with their constitutional and other legal rights and desires to maintain open and friendly, cooperative, on-going communications and a positive working relationship, and further that these Exploration Agreements are “…not in derogation of abrogation of any inherent treaty, aboriginal, title or like right of…” either community.

The agreements also state that the parties agree that it is their common objective to assist community members to benefit from business opportunities associated with Exploration Activities undertaken by Frontier and that assuming the Feasibility Study is positive, the Parties commit to make best efforts to develop an Impact Benefit Agreement (IBA).

DLFN and SLFN acknowledge that Frontier Lithium may enter into agreements with other First Nation stakeholders, and may enter into such agreements in a comprehensive or cumulative fashion with the same.

Chief Roy Dale Meekis of Deer Lake First Nation and Chief Bart Meekis of Sandy Lake First Nation has jointly commented that “We are looking forward to coming together and working with Frontier towards sustainable developments on our traditional territories to the mutual benefit of all parties.”

“With pre-feasbility underway, the signed exploration agreements mark a very significant project milestone. The agreeable terms are mutually beneficial and they recognize the importance of the environment and both community’s traditional territories – both of which are of great significance to Deer Lake First Nation, Sandy Lake First Nation, their respective members, and Frontier Lithium,” remarked Trevor Walker, President, Frontier Lithium.

The agreement is in line with the Company’s commitment to build sincere relationships with our neighbouring communities. We have an active interest and respect for all people and we understand the social, environmental and economic implications of our activities.

About Frontier Lithium Inc.

Frontier’s goal is to become a low-cost, fully integrated lithium and tantalum producer through development of the PAK lithium deposit in Ontario, Canada. Frontier maintains a tight share structure with management ownership exceeding 30% of the Company. CAD $4 million of exploration work has been conducted from 2013 to 2016 on the deposit which boasts its lithium in a rare, high-purity, low-iron spodumene. The Company has adopted a staged growth approach to exploration and development in order to avoid unnecessary share dilution – a strategic imperative for the Company. The initial target market is the glass-ceramic industry which consumes roughly one-third of global lithium supply and is currently faced with monopolistic conditions, coupled with major lithium producers increasingly directing output toward supporting battery manufacture.

Ceramic/glass customers prefer to source technical-grade (low-iron) spodumene concentrate in excess of 7% lithium oxide (Li2O), if available, to avoid inferior lower grade petalite concentrates, or paying much higher prices for battery grade lithium compounds that require chemical plants costing hundreds of millions of dollars.

The PAK lithium deposit remains open in all directions and Company Management believes the resource can be developed into a world-class operation. Once production of lithium concentrates are established from Frontier, the possible second stage of investment and longer term prospect is to further process some of PAK’s output to produce the higher purity lithium compounds required for lithium battery technologies used in the electrification of transportation and electric grid storage applications.

About the PAK Lithium Project

The PAK Lithium Project lies close to the boundary between two geological sub-provinces of the western Superior geologic province in northwestern Ontario and hosts a rare metals pegmatite deposit. The deposit is an LCT (lithium- cesium- tantalum) type pegmatite. These types of pegmatites have been the principal source of hard rock lithium, tantalum, rubidium and cesium ores mined in the world but there are comparatively few commercially-viable deposits.

Frontier is actively exploring its 100% owned project which contains the Pakeagama Lake pegmatite. The PAK deposit is one of the highest grade lithium mineral resources in North America which has a current Measured and Indicated Resource of 7.89 million tonnes of 1.73% Li2O equivalent (eq.) and Inferred Resource of 295,600 tonnes of 1.35% Li2O eq. which has a technical/ceramic grade spodumene with low inherent iron (below 0.1% Fe2O3). The deposit has adjacent zones that are enriched in tantalum and rubidium. Frontier is also evaluating the phased co-production of tantalum and mica-product concentrates once lithium mineral production has been commercialized.

The deposit now has a known 500m strike length with an estimated true width varying from 10m to 125m with a sub-vertical orientation. The resource remains open to depth and along strike to the northwest and southeast.

Back Next Article Previous Article

Get all the latest on Frontier Lithium

Stay informed and sign up for our electronic newsletter. Add your email to our list.

A Canadian Lithium Company developing a World-Class Deposit.