# Grounded Lithium Releases Kindersley Lithium Project Pre-Feasibility Study Results Mineral Reserves Booked on the KLP Supported By Rigorous Technical De-risking Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/grounded-lithium-releases-kindersley-lithium-project-pre-feasibility-study-resul--3658d99e-66fb-4f51-8f29-70123a8cbf2e Original source: https://www.newswire.ca/news-releases/grounded-lithium-releases-kindersley-lithium-project-pre-feasibility-study-results-mineral-reserves-booked-on-the-klp-supported-by-rigorous-technical-de-risking-898782765.html Publisher: cnw Original announcement: 2026-10-13T11:15:53.805Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T11:17:45.735Z Atlas analysis updated: 2026-10-13T11:17:45.735Z - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: First declaration of Mineral Reserves for the KLP - Positive factor: NI 43-101 compliant lithium mineral reserves in Saskatchewan - Positive factor: Positive base-case project economics \(NPV C$125MM, IRR 10.8%\) - Positive factor: Significant technical de-risking via PFS - Negative factor: Reduced production profile compared to 2023 PEA \(3,200 t/yr vs 10,000 t/yr\) - Negative factor: High pre-production capital expenditure \(C$603.1MM\) Facts used in scoring: 2 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) **Single Domain Only** Polarity: negative Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/grounded-lithium-releases-kindersley-lithium-project-pre-feasibility-study-resul--3658d99e-66fb-4f51-8f29-70123a8cbf2e#fact-resource-facts-0) Kindersley Lithium Project · lithium #### 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 factor: First declaration of reserves Evidence · text > Reserves \(LCE\): 82,499 tonnes #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 DLE [Link to this fact](https://atlas-staging.minestarters.com/news/grounded-lithium-releases-kindersley-lithium-project-pre-feasibility-study-resul--3658d99e-66fb-4f51-8f29-70123a8cbf2e#fact-metallurgical-facts-1) Kindersley Lithium Project · lithium #### 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 factor: High recovery rate of 87% Evidence · table > Li process recovery of 87% Context: 82,499 tonnes #### Tags used in scoring **High Recovery** Polarity: positive Definition: 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.