Slide 1: PAK Lithium Project Mine and Mill: 2025 Feasibility Study Results
PAK Lithium Project Mine and Mill 2025 Feasibility Study Results
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this presentation may contain “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or industry to be materially different from
Slide 3: Frontier Highlights
Frontier Highlights Hudson Bay The PAK Project – high grade, large tonnage James Bay • 31.1 mt (Proven & Probable) of 1.51% Li2O Reserves PAK LITHIUM • 35.2 mt (M&I) of 1.53% Li2O Resource PROJECT Mine and Mill Large land package in a premium lithium mineral district • FS calculation includes only o
Slide 4: Strong Feasibility Study Results
Strong Feasibility Study Results CAD $932 31 YEAR 6% Spodumene 200,000 million 17.9% MINE LIFE Concentrate TONNES/YR POST–TAX NPV PRODUCTION @ 8% DISCOUNT POST–TAX INTERNAL RATE OF RETURN Spark Deposit PAK Deposit CAD $943 M C1 Cost C1 vs Peer Development Mine & Mill Position CAPEX $602/t 1stQuartil
Slide 5: PAK Lithium Project
PAK Lithium Project Proven and Probable mineral reserve: 31.1 million tonnes (Mt) averaging 1.51% Li2O PAK DEPOSIT Reserves 3.9 mt @ 1.96 % Li2O Proven & Probable Impurities Indicator < 0.1% Fe2O3 in spodumene Orientation Sub-vertical (low strip ratio, easy to mine) Average Width 45m (varying from 1
Slide 6: Summary of Mineral Resource Estimate
PAK Lithium Project Summary of Mineral Resource Estimate Li2O Cut Tonnage Deposit Category Off Grade Li2O Grade (%) Contained Li2O (kt) (kt) (%) Measured 2,585 2.03 52 Indicated 1,521 1.96 30 PAK 0.65 Measured + Indicated 4,106 2.00 82 Inferred 122 1.50 2 Measured 13,796 1.54 212 Indicated 17,304 1.
Slide 7: Feasibility Study
Feasibility Study Description Units Value Macroeconomic Parameters SC6 Spodumene Concentrate Price, US$ 1,475 Long-Term US$:CA$ Exchange Rate, Long-Term US$:CA$ 1.00:1.37 Inflation Rate, Long-term1 % 2.0 Project Parameters Discount rate (real terms) % 8.0 Mine life Years 31 Mineable Mineral Reserves
Slide 8: Feasibility Study
Feasibility Study Description Units Value LOM Undiscounted Cash Flows (real terms) Net Revenue CA$ M 11,298 Total Opex CA$ M (2,709) Closure Bond Fees CA$ M (19) Operating Earnings CA$ M 8,569 Capital Expenditures CA$ M (1,138) Clean Technology Manufacturing Investment Tax CA$ M 120 Credit Change in
Slide 9: Feasibility Study Sensitivity Analysis
Feasibility Study Sensitivity Analysis •+20% Spodumene Price: NPV increases to $1.37 billion; IRR to 21.6% •–10% Spodumene Price: NPV decreases to $712 million; IRR to 15.9% •±20% Operating Costs: NPV ranges between $830 million and $1.03 billion; IRR between 17.0% and 18.9% •±20% Capital Costs: NPV
Slide 10: A Phased Approach to an Integrated Supply Chain
A Phased Approach to an Integrated Supply Chain Spodumene Production – Indicative Timeline 2025 2026 2027 2028 2029 2030 2nd Half 1st Half 2nd Half 1st Half 2nd Half 1st Half 2nd Half 1st Half 2nd Half 1st Half 2nd Half Permitting Mine and Mill Final Investment Decision Road Upgrades Detailed Engine
Slide 11: Frontier is positioned to become a strategic North American lithium supplier
Resources, Mine & Mill @ PAK Project Red Lake Lithium Chemical Conversion Facility Thunder Bay QUEBEC ONTARIO Frontier is Lake Superior Wawa Umicore: $1.5 Billion investment positioned to CAM, pCAM Plant Expected start: 2025 Duluth, Minnesota Sault Ste. Marie become a strategic Lake Huron Sudbury Ot
Slide 12: Always Moving Forward
ALWAYS MOVING FORWARD FrontierLithium.com | TSX.V: FL