Apex Trader Funding (ATF) - News
FRONTIER LITHIUM FILES YEAR-END MARCH 31, 2024 FINANCIAL RESULTS
SUDBURY, ON, July 24, 2024 /CNW/ - Frontier Lithium Inc. (TSXV:FL) (FRA: HL2) (OTCQX:LITOF) ("Frontier" or the "Company") today announced the filing of its audited financial statements for the year ended March 31, 2024 (the "Annual Financial Statements"). The Annual Financial Statements, related management's discussion and analysis and management certifications have been filed on SEDAR+ and can be viewed under the Company's profile at (www.sedarplus.ca) and on the company's website at www.frontierlithium.com
The Company continues to advance its PAK Lithium Project and assess the viability of constructing and operating a fully-integrated lithium mine and chemicals processing facility to deliver battery-grade lithium carbonate and lithium hydroxide for the burgeoning lithium-ion battery market in North America.
Highlights for the Year Ended March 31, 2024 and Recent Developments
Exploration
The Company's Phase XIII drill program included four holes at Spark, extending the deposit and delineating the Bolt pegmatite. As of March 2024, a total of 11,364 meters were drilled across 46 holes by the Company. At the PAK Deposit, 2,033 meters of geomechanical and hydrogeological drilling was completed in preparation for the Company's proposed definitive feasibility study ("DFS"). At the Bolt Pegmatite, 3,805 meters were drilled in 15 holes, confirming an extension of over 600 meters along strike, with widths up to 75 meters. Results from these further drill holes indicate high-grade intersections in the southwest and northwest lobes of the project.
Regional Mapping Program (Spark & Pennock)
The Company has completed detailed and regional mapping and has identified a new spodumene-bearing pegmatite zone discovered near Spark, averaging 3.1% lithium oxide (Li2O). Channel sampling confirmed significant lithium presence, and additional detailed prospecting, mapping, and sampling has also revealed promising results at the Company's Pennock pegmatite area.
Pre-Feasibility Study
Strong results from the Company's pre-feasibility study ...