Frontier Lithium Appoints New Chief Executive Officer
Sudbury, Ontario –February 21, 2017 – Frontier Lithium Inc. (TSX.V: FL) Frontier (the “Company”), announces the appointment of Frontier’s President Trevor Walker, as President and Chief Executive Officer of the Company following the resignation of Mr. Henry Kloepper.
“Frontier would like to thank Henry and wish him success in all of his future endeavors,” stated Reginald (Rick) Walker, Chairman of the Board.
The Board is delighted with their appointment of Trevor Walker and his added role of Chief Executive Officer. Walker joined Frontier in 2010, and since then he has played a key strategic role in focusing the company on its PAK Lithium deposit in Northwestern Ontario. Under his leadership he has increased the company's overall readiness to develop its world-class lithium deposit, advanced global-minded marketing activities, and bridged partnerships to bring Canada's newest lithium mine project on line.
Prior to joining the company, Walker was Vice President of the Consbec Group of Companies where he accumulated 10 years of experience in mining and construction industry. During his tenure at Consbec, he worked closely with companies such as GoldCorp, Rio Tinto, Westdome, Barrick, Noranda, Agrium and Unimin as well as other major companies. Walker holds an honours BA from the University of Western Ontario, and an MBA from Webster University Geneva, Switzerland.
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.
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.
Company Contact Information Trevor R. Walker, President & Chief Executive Officer 2736 Belisle Drive Val Caron, ON. P3N 1B3 CANADA T.+001 705.897.7622 F.+001 705.897.7618
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.
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