Frontier Lithium expands resources at its PAK lithium project in Ontario
(Kitco News) - Frontier Lithium (TSX.V: FL) today reported an updated mineral resource estimate for the Spark deposit, the second delineated spodumene-bearing lithium deposit at the PAK lithium project located in Ontario, Canada.
The company said that the resource estimate update for the Spark deposit includes 18.8 million tonnes averaging 1.52% Li2O in the indicated category, a 30% increase in size; and 29.7 million tonnes averaging 1.34% Li2O in the inferred category, a 64% increase in size.
Importantly, Frontier noted that the Spark lithium deposit remains open along strike and at depth.
“We are very pleased to announce a substantive increase of the size of the Spark deposit following over 16,000m of drilling and channeling completed in 2022. Particularly encouraging is the increased lithium grade from 1.40 to 1.52% Li2O of the indicated category of the mineral resource estimate. Overall, this equates to a 27% increase in the size of the combined lithium pegmatites at the PAK lithium project. The grade increase together with the previously released results further support the ensuing PFS," commented VP Exploration Garth Drever.
The company said that the PAK lithium project contains one of North America's highest-grade lithium resources, adding that a 2021 preliminary economic assessment delivered a fully integrated lithium operation, including the mine and mill and the conversion plant for production of battery-quality lithium salts.
Frontier Lithium indicated it is a preproduction business with an objective to become a strategic domestic supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide and other chemicals to the growing electric vehicle and energy storage markets in North America.