Grounded Lithium Releases Kindersley Lithium Project Pre-Feasibility Study Results Mineral Reserves Booked on the KLP Supported By Rigorous Technical De-risking
Original announcement by cnw on
- Company
- Grounded Lithium Corp.
- Ticker
- GRD
- Exchange
- Unavailable
- Region
- Saskatchewan
- Primary commodity
- Lithium
- Secondary commodities
- None reported
- Document categories
- Other, Resource update, Metallurgy
- Extracted
- 2026-10-13 11:17:46 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Grounded Lithium Corp. has released Pre-Feasibility Study (PFS) results for the Kindersley Lithium Project, featuring the first declaration of lithium Mineral Reserves in Saskatchewan. The study reports an annual average production of 3,200 tonnes LCE with an NPV of C$125.0 million and an IRR of 10.8%.
Reasoning: The announcement of a Pre-Feasibility Study (PFS) that includes the first declaration of Mineral Reserves for the project is a major de-risking milestone, despite a smaller production scale than previously estimated.
Positive factors
- First declaration of Mineral Reserves for the KLP
- NI 43-101 compliant lithium mineral reserves in Saskatchewan
- Positive base-case project economics (NPV C$125MM, IRR 10.8%)
- Significant technical de-risking via PFS
Negative factors
- Reduced production profile compared to 2023 PEA (3,200 t/yr vs 10,000 t/yr)
- High pre-production capital expenditure (C$603.1MM)
Facts used in scoring: 2
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The PFS is stated to be NI 43-101 compliant and a technical report will be filed accordingly.
Evidence · text
“The PFS was prepared in accordance with National Instrument 43-101”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Doug Ashton, P.Eng., of Sproule International Limited is named as the Qualified Person responsible for the technical information.
Evidence · text
“Doug Ashton, P.Eng., of Sproule International Limited, is a Qualified Person”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("concentrate")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
indicatedKindersley Lithium Project · lithiumTonnes: 82499Contained Metal: 82499Contained Unit: tView all detailsHide details
Identity
- Project
- Kindersley Lithium Project
- Commodity
- lithium
- Region
- canada_sk
- Reported Region
- Saskatchewan
- Ticker
- GRD
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Doug Ashton
- Resource group id
- resource:903b26a607e0e1fba2b6
- Deposit or zone
- Kindersley Lithium Project
Resource Data
- Category
- indicated
- Tonnes
- 82499
- Contained Metal
- 82499
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-06-26
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: First declaration of Mineral Reserves for the project.
Positive factors
- First declaration of reserves
Evidence · text
“Reserves (LCE): 82,499 tonnes”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (1)
adsorption-based DLEKindersley Lithium Project · lithiumRecovery: 87 %View all detailsHide details
Identity
- Project
- Kindersley Lithium Project
- Commodity
- lithium
- Region
- canada_sk
- Reported Region
- Saskatchewan
- Ticker
- GRD
Test Work
- Program Status
- detailed
- Test Type
- adsorption-based DLE
- Sample
- Saleable LCE
Recovery
- Recovery
- 87 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Reported Li process recovery of 87% for saleable LCE.
Positive factors
- High recovery rate of 87%
Evidence · table
“Li process recovery of 87%”
Context: 82,499 tonnes
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 87% is at or above the exceptional band (80%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.