First Phosphate Engages P&E Mining Consultants to Complete Preliminary Economic Assessment (PEA) on Its 100% Owned, NSR Royalty-Free Lac à l'Orignal Phosphate Project in The Saguenay-Lac-Saint-Jean Region of Quebec
The Company has engaged P&E Mining Consultants Inc. ("P&E") to lead the PEA which will utilize the latest Mineral Resource Estimate completed by P&E in November 2022.
- The Company has engaged P&E Mining Consultants Inc. ("P&E") to lead the PEA which will utilize the latest Mineral Resource Estimate completed by P&E in November 2022.
- The Lac à l'Orignal phosphate project contains a high-quality phosphate resource potentially suitable for LFP batteries necessary for the energy transition.
- Management has board approval to advance the project towards its first economic study, a PEA.
- The PEA will include details on project economics encompassing the separation of three marketable concentrates - a phosphate (apatite) concentrate, a titanium oxide (ilmenite) concentrate and an iron oxide (magnetite) concentrate.