Snow Lake Resources: Lithium launches first phase of pre-feasibility study

MANITOBA, CANADA /ACCESSWIRE/February 1, 2022 / Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (NASDAQ:LITM) (“Snow Lake” or the “Company”), has engaged SLR Consulting Canada ( https://www.slrconsulting.com ) to complete an Initial Assessment (IA) and Technical Report Summary (TRS) of the Snow Lake Lithium Properties in accordance with Disclosure Standard SK 1300.

The IA is a preliminary engineering study that will provide essential information and a framework leading to a pre-feasibility study (PFS).

Image 01: Driving the ice road to the project

In June 2021, Frank Hrdy of CanMine Consultants provided the company with a full technical report in accordance with NI 43-101 disclosure standard. This report is dated June 10, 2021 (the technical report). The technical report was then reviewed by SLR and CanMine to provide the company with a converted report to the SK 1300 TRS disclosure standard.

SLR has also been hired (see December 15, 2021: Snow Lake Lithium Commits SLR to Benchmark Environmental Program) to provide the Company with the parameters for a baseline environmental study to be conducted over the next two years. The data collected during the baseline study will become the basis for the environmental clearance process with the Province of Manitoba.

CEO Philip Gross said: “We are very pleased to continue this relationship with SLR and let them lead this business by providing our initial assessment. This is the first step towards our pre-feasibility study and ultimately our definitive feasibility study. SLR has not only demonstrated a dedication to professional excellence, but a unique understanding of lithium and a strong knowledge of the province. We look forward to working with them to facilitate our accelerated trajectory in building the first fully renewable, fully electric lithium mine in North America.

Jason Cox, AI Project Manager for SLR, said, “With the world’s growing demand for lithium and the scrutiny of the carbon footprint of raw materials in manufacturing, Snow Lake’s potential to provide lithium without carbon-free and conflict-free operating an electric lithium mine powered by renewable energy is a fantastic opportunity that we look forward to participating in.”

Photo 02 – Beautiful Snow Lake, Manitoba

About the SLR

SLR is a world-class mining advisory company with teams in Toronto, Denver and London. SLR’s core mining consulting services include geology, mining, metallurgy, tailings and environmental consultants who have provided expertise and advice to clients around the world for over 35 years. The team ensures that our clients have access to a full range of services. This extends throughout the lifecycle of projects beginning with value creation in exploration programs, resource estimation and preliminary environmental/social assessments through to recognition of value through development. reserves, including transactional support and decision-making. A key aspect of our services is the assessment and management of environmental and social risks/liabilities, including ESG challenges and climate change.

About Snow Lake Resources Ltd.

Snow Lake Lithium is committed to operating a fully renewable and sustainable lithium mine that can provide a fully traceable, carbon neutral and safe product for the electric vehicle and battery markets. We not only aspire to set the standard for responsible lithium mining, but we aim to be the first lithium producer in the world to achieve Certified Company B status in the process.

Our wholly-owned Thompson Brothers Lithium Project covers a 21,703-acre site that is only 3% explored and contains an identified resource to date of 11.1 million indicated and inferred metric tonnes at 1% Li2O.

Forward-looking statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements in this press release can be identified by the use of words such as “anticipate”, “believe”, “intend”, “could”, “estimate”, “expect”, “have the ‘intent to’, ‘seek,’ ‘may’, ‘could’, ‘plan’, ‘potential’, ‘predict’, ‘project’, ‘target’, ‘aim’, ‘should’, ‘will’, ‘ would” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the current expectations of Snow Lake Resources Ltd. and are subject to uncertainties, inherent risks and assumptions that are difficult to predict and include statements regarding the intended use of proceeds and expected closing. In addition, certain forward-looking statements are based on assumptions about future events that may not prove to be accurate. These risks and uncertainties, as well as others, are described more th n detail in the section entitled “Risk Factors” of the final prospectus relating to our public offering filed with the Securities and Exchange Commission and other documents and reports that we file with the Securities and Exchange Commission. The forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. assumes no obligation to update this information, except as required by applicable law.

CONTACT:
ir@snowlakelithium.com
www.SnowLakeLithium.com
Twitter: @SnowLakeLithium

THE SOURCE: Snow Lake Resources Ltd.

See the source version on accesswire.com:
https://www.accesswire.com/686524/Snow-Lake-Lithium-Initiates-First-Phase-of-Pre-Feasibility-Study