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Revealed Sep 23, 2024 • 7 minute learn
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VANCOUVER, British Columbia, Sept. 23, 2024 (GLOBE NEWSWIRE) — Li-FT Energy Ltd. (“LIFT” or the “Firm”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt:
WS0) is happy to report outcomes from the metallurgical sampling program accomplished in 2023 and 2024 throughout eight spodumene deposits inside the Yellowknife Lithium Undertaking, Northwest Territories, Canada. Metallurgical check work comprised of heavy liquid separation (HLS) testing, dense media separation (DMS) testing, and batch flotation testing was executed by SGS Canada Inc. (“SGS”) in Lakefield, Ontario. Testing was accomplished on samples from the Large East (BigE), Large West (BigW), Nite, Ki, Echo, Fi Essential (FiM), Fi Southwest (FiSW), and Hello pegmatites.
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Desk 1- Abstract of Outcomes
| Pattern | Flowsheet | Wt. | Assays (%) | Restoration (%) | |||
| (%) | Li | Li2O | Fe2O3 | Li | Fe2O3 | ||
| BigE | Two-stage DMS + Flotation | 21.1 | 2.7 | 5.79 | 0.76 | 87.4 | 29.3 |
| BigW | 11.1 | 2.67 | 5.75 | 0.76 | 81.4 | 16.0 | |
| Nite | 22.4 | 2.69 | 5.78 | 0.74 | 89.3 | 28.7 | |
| Ki | 18.4 | 2.8 | 6.02 | 0.58 | 84.8 | 22.8 | |
| Echo | 15.7 | 2.87 | 6.17 | 0.85 | 87.1 | 13.8 | |
| FiM | Single-stage DMS + Flotation | 15.8 | 2.6 | 5.59 | 0.49 | 60.8 | 14.7 |
| FiSW | 17.9 | 2.68 | 5.76 | 0.45 | 72.3 | 14.5 | |
| Hello | 16.7 | 2.69 | 5.77 | 0.46 | 70.1 | 14.6 | |
| 5.83 | 79.1 | ||||||
| Common Spodumene Focus Grade (Li2O %) | 5.83 | ||||||
| Common World Lithium Restoration (%) | 79.1 | ||||||
Francis MacDonald, CEO of LIFT feedback, “We’re very happy to report that the excellent metallurgical testing research in preparation for our upcoming Preliminary Financial Evaluation (PEA) yielded optimistic outcomes. Research notably included pilot-scale DMS testing that indicated that this lower-cost separation technique is appropriate for the spodumene-enriched pegmatite dikes which might be focused for the extra accessible early mining websites that we envision might comprise lithium manufacturing within the district for a technology or extra. As such the outcomes of those essential research underpin the excessive worth potential for our Yellowknife lithium undertaking.”
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Particulars of metallurgical program
Lithium chemical evaluation of the metallurgical samples was carried out by sodium peroxide fusion digestion adopted by inductively coupled plasma optical spectroscopy (ICP-OES). Entire rock evaluation (WRA) was carried out by borate fusion and X-ray Fluorescence (XRF). Elemental compositions of the pegmatite samples are offered in Desk 2. Pegmatite pattern grades ranged from 0.86% to 1.46% Li2O and from 0.24% to 0.48% Fe2O3.
Desk 2: Chemical evaluation of the metallurgical samples
| Element | Composition (%) | |||||||
| BigE | BigW | Nite | FiM | FiSW | HI | KI | Echo | |
| Li Li2O Fe2O3 SiO2 Al2O3 MgO CaO Na2O Ok2O MnO |
0.63 1.35 0.44 73.6 16.2 0.16 0.24 4.06 2.56 0.06 |
0.40 0.86 0.34 73.8 15.7 0.07 0.28 4.52 2.88 0.05 |
0.67 1.44 0.48 73.9 16.0 0.06 0.24 3.77 2.55 0.10 |
0.68 1.46 0.27 73.0 16.4 0.07 0.30 3.93 2.57 0.02 |
0.62 1.33 0.29 74.0 16.1 0.07 0.26 3.97 2.76 0.03 |
0.63 1.35 0.39 73.4 16.2 0.08 0.30 3.83 2.63 0.03 |
0.60 1.29 0.24 73.5 16.1 0.08 0.28 3.92 2.79 0.02 |
0.56 1.20 0.33 73.1 16.4 0.10 0.24 4.53 2.53 0.04 |
The mineralogical compositions of the metallurgical samples have been decided utilizing the semi-quantitative XRD and are proven in Desk 2 . Spodumene concentrations within the pegmatites ranged from 11.0% to 18.3% and are in step with lithium concentrations (i.e., spodumene is the dominant lithium-bearing mineral recognized). Minor quantities (1%) of triphylite (LiFe(PO4)) was detected within the FiM pattern. Muscovite concentrations within the pegmatite samples ranged from 4.5% to 7.8%. Minor portions (<1%) of iron-bearing minerals (e.g., chlorite, chlinochlore) have been detected.
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Desk 3 – Metallurgical pattern mineralogy from semi-quantitative XRD. Solely minor quantities of non-spodumene lithium-bearing minerals have been present in samples with ~99% of lithia being hosted in spodumene.
| Mineral | Composition (%) | |||||||
| BigE | BigW | Nite | FiM | FiSW | Hello | Ki | Echo | |
| Spodumene | 17.9 | 11 | 18.3 | 17.8 | 17.3 | 17.2 | 13.0 | 14.6 |
| Albite | 36.5 | 38.9 | 34.2 | 33.3 | 34.6 | 34.7 | 34.0 | 40.4 |
| Quartz | 26.5 | 28.3 | 28.7 | 28.8 | 28.2 | 28.9 | 27.3 | 26.5 |
| Microcline | 12.8 | 15.7 | 13.1 | 10.3 | 13.7 | 12.3 | 13.0 | 11.6 |
| Muscovite | 4.9 | 4.5 | 4.1 | 7.8 | 5.2 | 5.4 | 6.0 | 5.4 |
| Fluorapatite | 0.6 | 0.7 | 1.1 | 0.5 | 0.5 | 0.8 | 0.9 | 0.8 |
| Triphylite | – | – | – | 1.0 | – | – | – | – |
| Beryl | 0.2 | 0.7 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 |
| Magnetite | 0.2 | 0.3 | 0.2 | 0.1 | 0.3 | 0.3 | 0.2 | 0.3 |
| Chlorite | 0.3 | – | – | 0.3 | – | 0.3 | – | – |
| Chlionochlore | – | – | – | – | – | – | 0.2 | – |
| Complete | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Heavy Liquid Separation (HLS) exams have been carried out on eight metallurgical samples. The samples have been sourced from saw-cut channel samples on the floor of the assorted dykes. The samples have been stage-crushed to a high crush dimension of 6.35 mm. The -6.35 mm +0.85 mm fraction was submitted for HLS testing which achieved international lithium recoveries starting from 29% to 68% (interpolated to five.5% Li2O focus grade). HLS check outcomes are offered in Determine 1.
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Determine 1 – HLS international lithium grade-recovery curves
Pilot-scale DMS was operated on every metallurgical pattern. Two-stage DMS was undertaken on 5 of the samples (i.e., BigE, BigW, Nite, Ki, and Echo) and a single-stage DMS was operated on three of the samples (i.e., FIM, FiSW, and Hello).
For the two-stage DMS exams, international lithium restoration ranged from 49.9% to 60.4% with spodumene focus grade starting from 5.81% to six.41% Li2O with comparatively low iron content material starting from 0.62% to 0.88% Fe2O3. For single-stage DMS operation (pre-concentrate manufacturing), international lithium restoration to the fines and sinks stream ranged from 93.0% to 95.2%. Pre-concentrate grades ranged from 1.90% to 2.02% Li2O and 0.53% to 0.55% Fe2O3.
Desk 4 – Pilot-scale DMS check work outcomes
| DMS | Pattern | DMS Merchandise | Wt. | Assays (%) | Restoration (%) | |||
| (%) | Li | Li2O | Fe2O3 | Li | Fe2O3 | |||
| Two-Stage DMS | BigE | Focus (Stage 2 Sinks) |
14.9 | 2.7 | 5.81 | 0.71 | 59.9 | 17.8 |
| BigW | 7.8 | 2.71 | 5.83 | 0.75 | 57.4 | 11.9 | ||
| Nite | 15.4 | 2.71 | 5.83 | 0.77 | 60.4 | 27.4 | ||
| Ki | 10.8 | 2.86 | 6.15 | 0.62 | 49.9 | 18.1 | ||
| Echo | 10.5 | 2.98 | 6.41 | 0.88 | 58.4 | 19.5 | ||
| Single-Stage DMS | FiM | Pre-Focus (Fines + Stage 1 Sinks) | 72 | 0.88 | 1.9 | 0.53 | 93 | 80.9 |
| FiSW | 68.1 | 0.9 | 1.94 | 0.54 | 95.1 | 76.7 | ||
| Hello | 66.8 | 0.94 | 2.02 | 0.55 | 95.2 | 77.9 | ||
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Three units of flotation exams have been carried out on head samples or merchandise from DMS operation (fines and DMS Stage 1 sinks or fines and Stage 2 DMS floats). For the flotation exams undertaken on the pinnacle samples, all samples produced roughly 5.5% Li2O spodumene focus with lithium restoration starting from roughly 69% to 72%. For flotation exams undertaken on the fines and stage 2 DMS floats, 5.5% Li2O spodumene focus was produced with lithium restoration starting from 56% to 75% (Determine 2). For flotation exams undertaken on the fines and stage 1 DMS sinks, 5.5% Li2O focus was produced with lithium restoration starting from roughly 66% to 77% (Determine 3).
Determine 2 – Flotation check outcomes on DMS fines and stage 2 DMS floats
Determine 3 – Flotation check outcomes on fines and DMS Stage 1 sinks
General laboratory lithium recoveries have been calculated based mostly on the DMS and batch flotation check outcomes. Outcomes for the two-stage DMS and flotation flowsheet produced mixed concentrates ranging in grade from 5.75% to six.17% Li2O and lithium recoveries starting from 81% to 87%. Exams undertaken with a single-stage DMS pre-concentration step adopted by flotation produced concentrates ranging in grade from 5.59% to five.77% Li2O with laboratory-scale lithium recoveries starting from 61% to 72%.
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Certified Particular person
The disclosure on this information launch of scientific and technical data concerning LIFT’s mineral properties has been reviewed and authorised by Jarrett Quinn, Ph.D., P.Eng, Course of Director, Synectiq Inc.., and a Certified Particular person as outlined by Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Tasks (NI 43-101) and member in good standing of the Ordre des Ingénieurs du Québec (OIQ) (Registration quantity: 5018119).
About LIFT
LIFT is a mineral exploration firm engaged within the acquisition, exploration, and improvement of lithium pegmatite tasks positioned in Canada. The Firm’s flagship undertaking is the Yellowknife Lithium Undertaking positioned in Northwest Territories, Canada. LIFT additionally holds three early-stage exploration properties in Quebec, Canada with glorious potential for the invention of buried lithium pegmatites, in addition to the Cali Undertaking in Northwest Territories inside the Little Nahanni Pegmatite Group.
For additional data, please contact:
| Francis MacDonald | Daniel Gordon |
| Chief Govt Officer | Investor Relations |
| Tel: + 1.604.609.6185 | Tel: +1.604.609.6185 |
| E mail: data@li-ft.com | E mail: traders@li-ft.com |
| Web site: www.li-ft.com |
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Cautionary Assertion Concerning Ahead-Wanting Data
Sure statements included on this press launch represent forward-looking data or statements (collectively, “forward-looking statements”), together with these recognized by the expressions “anticipate”, “imagine”, “plan”, “estimate”, “count on”, “intend”, “might”, “ought to” and comparable expressions to the extent they relate to the Firm or its administration. The forward-looking statements should not historic info however mirror present expectations concerning future outcomes or occasions. This press launch accommodates ahead trying statements. These forward-looking statements and data mirror administration’s present beliefs and are based mostly on assumptions made by and data presently out there to the corporate with respect to the matter described on this new launch.
Ahead-looking statements contain dangers and uncertainties, that are based mostly on present expectations as of the date of this launch and topic to identified and unknown dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied by such statements. Extra details about these assumptions and dangers and uncertainties is contained beneath “Danger Elements and Uncertainties” within the Firm’s newest annual data type filed on March 27, 2024, which is obtainable beneath the Firm’s SEDAR+ profile at www.sedarplus.ca, and in different filings that the Firm has made and should make with relevant securities authorities sooner or later. Ahead-looking statements contained herein are made solely as to the date of this press launch and we undertake no obligation to replace or revise any forward-looking statements whether or not because of new data, future occasions or in any other case, besides as required by regulation. We warning traders to not place appreciable reliance on the forward-looking statements contained on this press launch.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this information launch.
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