Foremost Lithium Receives Positive Preliminary Results from its Bulk Sample Program at Dyke 1, Zoro Lithium Property
Foremost Lithium Receives Positive
Preliminary Results from its Bulk Sample
Program at Dyke 1, Zoro Lithium Property
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2022) -
Foremost Lithium Resource &
Technology Ltd.
(CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8)
(
www.foremostlithium.com
) (
"
Foremost Lithium
"
,
"
Foremost
"
or the "
Company
"
)
is pleased to
announce the first phase is complete from its Zoro Lithium property bulk sampling and metallurgical
program
to determine whether the Dyke 1 pegmatite can produce a 6% battery-grade lithium (Li2O)
concentrate.
Test work confirms spodumene-bearing pegmatite from Zoro Dyke 1 is amenable for
production.
Jason Barnard, Foremost's President and CEO, comments,
"I'm extremely pleased that the first phase
of our bulk sample program demonstrated such positive results. This project has been our company's
focus for some months as we recognized the significance of favourable results. Our goal for this
project is to be able to market our lithium while still in the ground directly to battery suppliers and
vehicle manufactures. We are well on our way to reaching our objective."
In June of 2022, after the receipt of a bulk sample permit from the Manitoba government, a field crew
collected 489 kg of spodumene-mineralized pegmatite using sledgehammers and chisels from trenches
exposing Dyke 1 on Foremost's Zoro lithium property. Twenty-six pails of spodumene-mineralized
pegmatite were shipped to SGS Lakefield. After sample preparation, testwork on this Master
Composite sample included heavy liquid separation (HLS), dense media separation (DMS), and dry
magnetic separation. The metallurgical target of the testwork was the production of a spodumene
concentrate containing >6% Li2O and <1% Fe2O3, while maximizing lithium recovery.
Dr. Sunil
Koppalkar of XPS Expert Process Solutions, A Glencore Company, oversaw the metallurgical work on
behalf of Foremost Lithium Resources & Technology Ltd.
HLS testing was carried out on the Master Composite sample at a crush size of -12.7 mm, after dry
screening to remove the -0.5 mm fines. The resulting sink products and a final float product were
screened into -12.7/+9.5mm, -9.5/+6.4mm, and -6.4+0.5 mm size fractions. All the fractionated HLS sink
products were further passed through a dry magnetic separator to reject iron-bearing gangue.
Figure 1: High-Force® Dry Magnetic Separator Used for HLS Sinks and DMS Concentrate
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/4689/147028_2a24540604647930_001full.jpg
The bulk sample was processed on a DMS pilot plant at SGS Lakefield. The bulk sample produced a
final spodumene concentrate assaying 5.93% Li2O, at a global lithium recovery of 66.9% in 26.5% mass
after magnetic separation. The iron content in the spodumene concentrate assayed 1.23% Fe2O3,
slightly higher than the 1% Fe2O3 targeted, but is acceptable for subsequent hydrometallurgical
processing.
The HLS and DMS testwork confirms Dyke 1 spodumene ore is amenable for production of a
spodumene concentrate by the DMS process. DMS provides the opportunity to reject nearly 50% of the
coarse waste rock (-12.7 mm) at an early stage of the process thereby significantly reducing ore
transportation and handling costs for a future plant. Management anticipates rejected coarse waste rock
will have 8.6% lithium at a grade of 0.41% Li2O.
Phase two will continue with ongoing work being carried out by XPS which includes mineralogical
assessment of the DMS products and flotation testwork to optimize lithium recovery from the DMS
middlings and -0.5 mm fines streams. The DMS concentrate is used to advance the pyrometallurgical
testwork (spodumene decrepitation and sulphide roasting) with the ultimate goal of producing a valuable
lithium product from the concentrate.
Any future processing plant for Dyke 1 ore is envisaged as having a DMS +Magnetic separation plant
and a smaller flotation plant (smaller footprint) for processing the middlings +0.5 mm fines from the DMS
process. This processing flowsheet will result in significant savings in terms of CAPEX and OPEX as
compared to processing the entire Dyke 1 ore by flotation process for the recovery of lithium.
Vice President of Exploration, Dr. Mark Fedikow, notes, "
The preliminary metallurgical results from our
Dyke 1 bulk sample on the Zoro property are favourable. The HLS and DMS test work demonstrates a
spodumene concentrate can be produced from the pegmatite while simultaneously reducing ore
handling and transportation costs. We look forward to the final report from our partners at XPS - Expert
Process Solutions."
QP Statement
Rock sampling was completed under the supervision of Dr. Mark Fedikow. All samples are collected
and maintained in accordance with established QA/QC protocols. The technical content of this news
release has been prepared and approved by Dr. Mark Fedikow, P.Geo. who is a Qualified Person as
defined by NI 43-101 and by Expert Process Solutions (XPS).
On Behalf of the Board of Directors
Jason Barnard, President and CEO
Email:
Phone: +1 (604) 330-8067
About Foremost Lithium Resource & Technology Ltd.
Foremost Lithium is a hard-rock exploration company strategically located to capitalize on the world's
growing EV appetite and is committed to being a premier supplier of North America's lithium feedstock.
As the world transitions towards decarbonization, the Company is focused on exploration and growth on
its 5 Lithium Lane Projects in Snow Lake Manitoba. Foremost Lithium also has the Winston Gold/Silver
Property in New Mexico USA.
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Forward Looking Statements
This news release contains "forward-looking statements" and "forward-looking information" (as defined
under applicable securities laws), based on management's best estimates, assumptions, and current
expectations. Such statements include but are not limited to, statements with respect to the plans for
future exploration and development of the Company's properties and the acquisition of additional
exploration projects. Generally, these forward-looking statements can be identified by the use of forward-
looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans",
"anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective",
"prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could"
or "should" occur. These statements should not be read as guarantees of future performance or results.
Such statements involve known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from those expressed or implied by such
statements, including but not limited to:
risks related to the receipt of all necessary regulatory and third
party approvals for the proposed operations of the Company's business and exploration activities,
completion of the Company's recently announced financing, risks related to the Company's exploration
properties; risks related to international operations; risks related to general economic conditions, actual
results of current exploration activities, unanticipated reclamation expenses; changes in project
parameters as plans continue to be refined; fluctuations in prices of commodities including lithium and
gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables,
possible variations in reserves; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of
the mining industry; delays in the completion of exploration, development or construction activities,
changes in national and local government regulation of mining operations, tax rules and regulations, and
political and economic developments in jurisdictions in which the Company operates. Although the
Company has attempted to identify important factors that could cause actual results to differ materially
from those contained in forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance that such statements will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
statements. The forward-looking statements and forward-looking information are made as of the date
hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any
obligation to revise or update any such factors or to publicly announce the result of any revisions to any
forward-looking statements or forward-looking information contained herein to reflect future results,
events or developments, except as require by law. Accordingly, readers should not place undue reliance
on forward-looking statements and information. Please refer to the Company's most recent filings under
its profile at
www.sedar.com
for further information respecting the risks affecting the Company and its
business.
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