First Phosphate (unlisted) shared the mineral resource numbers and results of metallurgical tests from its Lac à l’Orignal project near Saguenay, Que.
The indicated pit-constrained resource contains 15.8 million tonnes grading 5.18% phosphorous pentoxide (P2O5), 4.23% titanium dioxide (TiO2), and 23.90% iron oxide (Fe2O3). The pit-constrained inferred resource is 33.2 million tonnes at grades of 5.06% P2O5, 4.16% TiO2, and 23.90% Fe2O3.
“Today’s announcement is a landmark step towards completing First Phosphate’s six-phase development plan for the North American lithium-iron-phosphate (LFP) battery industry,” said president Peter Kent. “… the first stage of our plan, which is to implement an open pit mine that is fully compliant with ESG standards and has the potential to produce high purity phosphate material that is necessary for the LFP battery industry.”
The phosphorus occurrence is associated with a well-defined oxide-apatite gabbronorite (OAGN) intrusion with a large anorthosite intrusive complex. Mineralization has been divided into the Main, HW (hanging wall), and FW (footwall zones).
Metallurgical tests have confirmed an anticipate apatite grade of at least 38% P2O5 at over 90% recovery. The deposit contains very low levels of potentially hazardous substances such as arsenic, heavy metals, or radioactivity.
The flagship Lac à l’Orignal property is located approximately 110 km driving-distance north of town of Saguenay, which hosts daily flights to Montreal, a skilled industrial workforce, strong local infrastructure, and which is 30 km driving-distance from the deep sea port of Saguenay.
Additional information is posted at www.FirstPhosphate.com.
April 18, 2024
3 Comments
Nicolas Lavoie
Le bonjour, ces nouveaux investissements de “First Phosphate Corporation” proviennent des 2 découvertes en apatite que les prospecteurs Nicolas Lavoie et Josué Hamann de la région du Saguenay ont faites en 2020 sur la zone de Mirepoix et au sud-est du lac Mattawa (S.N.R.C. 22 D/15). Ces découvertes sous-entendaient que le potentiel de la région du lac Mattawa et Vanel étaient sous-estimés.
La traduction à partir de “Google translate” (la langue anglaise):
Hello, these new mining investments by First Phosphate Corporation come from the two discoveries of apatite (the mineral that supports P2O5), that prospectors Nicolas Lavoie and Josué Hamann of the Saguenay region (the Quebec State) made in the summer of 2020 on the Mirepoix area (5 km northeast of the apatite gabbronorite of Lac Orignal S.N.R.C. 22 E/02) and southeast of Lake Mattawa (S.N.R.C. 22 D/15). These 2 discoveries have revived interest in the exploration and development of apatite mineralization from Lake Mattawa.
Georges Jr Bernier
When would be the starting date of the operation of the open pit? Is the feasibility study done?
Magda Gardner
At this time no filing of a 43-101 technical report or feasibility study for Lac l’Orignal can be found on Sedar. No date has been announce for the start of production.