Frontier Lithium Hires Lithium Expert Dr. Naizhen Cao as Vice President of Technology
Frontier Lithium Hires Lithium Expert Dr.
Naizhen Cao as Vice President of Technology
SUDBURY, ON
,
Feb. 22, 2021
/CNW/ - Frontier Lithium Inc. (TSXV: FL) (OTCQB: LITOF)
(FSE: HL2) is pleased to announce the hiring of Dr. Naizhen Cao as Vice President Technology. Dr.
Cao is an industry veteran having worked both in
China
and
Canada
as senior technical leader with
expertise in lithium and battery materials. During his career, he held several key positions within the
lithium industry including: Chief Scientist at Tianqi Lithium, a global lithium producer, where he
managed the Technical Division and established the Key Lab of Lithium resources and lithium
materials of the
Sichuan Province
of
China
. In addition, Dr. Cao launched and led key project on
lithium materials production. Most recently Dr. Cao was Chief Technology Officer for a subsidiary of
CATL, where he participated in all aspects of lithium mining and concentrate production. Mr. Cao
published more than 50 scientific papers and filed more than 60 patents with particular proficiency in
battery materials with specific focus on lithium chemicals and metal/alloys. Dr. Cao holds a Ph.D.,
from Tsinghua University,
China
, in Materials Science and engineering and held a Postdoc at
Laval
University
,
Canada
in Chemical Engineering.
"Dr. Cao will be assuming the new role of VP Technology at Frontier Lithium as we grow and
transition from an exploration company towards development of lithium chemicals from the Great
Lakes region of
North America
." commented
Trevor Walker
, President & CEO of Frontier Lithium.
"Dr. Cao brings a rare combination of technical and operational skill sets that perfectly suits our
current and future stages of development. He will be working closely with our technology partners on
our patent pending process which is currently being piloted, as well future demonstration and
commercialization stages. We have built very strong technical partnerships and now with the addition
of Dr. Cao we are significantly de-risking our project execution with the goal of producing premium
chemicals."
Other Matters
The Company also announces that pursuant to its "Stock Option Plan" it has re-
established 6,813,334 stock options, previously cancelled on September 9, 2020, to certain
employees, officers, directors and strategic advisors. The options are set for a period of five years,
expiring on February 23, 2026. The options are priced at $1.05 and are subject to regulatory
approval.
About Frontier
Frontier Lithium (
TSX.V: FL
) (
OTCQB: LITOF
) (
FSE: HL2
) is a Sudbury Ontario based, publicly
listed, junior mining company with the largest land position in an emerging premium lithium mineral
district located in the Great Lakes region of northern Ontario . The company maintains 100%
interest in the PAK Lithium Project which contains one of North America's highest-grade, large
tonnage hard-rock lithium resources in the form of a rare low-iron spodumene. The Project has
significant upside exploration potential. Frontier is a pre-production business that is targeting the
manufacturing of battery quality lithium hydroxide in the Great Lakes Region to support electric
vehicle and battery supply chains in North America. Frontier maintains a tight share structure with
management ownership approximately 30% of the Company.
About PAK Lithium Project
The PAK Lithium Project encompasses 26,774 hectares at the south end of
Ontario's
Electric
Avenue, the largest land package hosting lithium bearing pegmatites in
Ontario
. The Project covers
65 km of the Avenue length and remains largely unexplored; however, since 2013 the company has
delineated two premium spodumene bearing lithium deposits located 2.3 km from each other at the
southwestern end of the project. The recent Preliminary Economic Assessment initial results
announced an post-tax NPV(8%) of
USD 974M
with a 21% IRR.
The PAK deposit hosts a rare "technical grade" spodumene maintaining low inherent iron levels
(below 0.1% Fe
2
O
3
) and contains a pit constrained mineral resource in the measured and indicated
categories of 5.4 million tonnes averaging 1.99% Li
2
O and a pit constrained inferred
mineral resource of 0.60 million tonnes averaging 1.97% Li
2
O. The PAK deposit also contains an
underground constrained mineral resource in the measured and indicated categories of 1.3 million
tonnes averaging 2.15% Li
2
O and an underground constrained mineral resource in the inferred
category of 2.1 million tonnes averaging 2.38% Li
2
O. The Spark deposit is located only 2km
northwest of the PAK deposit and contains a pit constrained mineral resource estimate of 3.3 million
tonnes averaging 1.59% Li
2
O in the indicated category and a pit constrained mineral resource
of 15.7 million tonnes averaging 1.31% Li
2
O in the inferred category., as per the initial results
supporting an upcoming NI 43-101 Technical Report, "2020 Preliminary Economic Assessment, Fully
Integrated PAK Lithium Project" by BBA Engineering Ltd.
Frontier has also confirmed the presence of spodumene with the Bolt pegmatite, between PAK and
Spark deposits and the Pennock Lake pegmatite occurrence a further 30 km along the Project.
Frontier's premier Great Lakes location is advantaged by favorable geology, proven metallurgy with
access to intermodal hubs, infrastructure, power, and mining along with downstream lithium
processing expertise and auto OEM's.
SOURCE
Frontier Lithium Inc.
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For further information:
Bora Ugurgel, Manager, Investor Relations, 2736 Belisle Drive, Val Caron,
ON. P3N 1B3 CANADA, T. +001 705.897.7622, F. +001 705.897.7618
CO: Frontier Lithium Inc.
CNW 08:39e 22-FEB-21