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 orestocks on
- Company
- Grounded Lithium Corp.
- Ticker
- GRD.V
- Exchange
- Unavailable
- Region
- Saskatchewan
- Primary commodity
- Lithium
- Secondary commodities
- None reported
- Document categories
- Other, Resource update, Metallurgy
- Extracted
- 2026-10-13 11:45:28 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 in Saskatchewan, marking the first declaration of Mineral Reserves for the project. The PFS reports an NPV of C$125 million and an IRR of 10.8%, supported by an estimated annual production of 3,200 tonnes of LCE.
Reasoning: The announcement of a Pre-Feasibility Study (PFS) that successfully converts resources to reserves and establishes positive economics is a major project milestone.
Positive factors
- First declaration of Mineral Reserves for the KLP
- Positive base-case project economics (NPV C$125MM, IRR 10.8%)
- Independent third-party validation by Stantec Consulting Ltd.
- Significant technical de-risking via advanced reservoir modelling
Negative factors
- Reduced production profile compared to 2023 PEA (3,200 t/yr vs 10,000 t/yr)
- High pre-production capital expenditure of ~$603 million
Facts used in scoring: 2
Classification and evidence
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The PFS declares Mineral Reserves which, in a PFS context, are typically Probable.
Evidence · text
“First declaration of Mineral Reserves for the KLP”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The study is explicitly stated to be NI 43-101 compliant.
Evidence · text
“the first NI 43-101 compliant lithium mineral reserves publicly declared in Saskatchewan”
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. is named as the Qualified Person responsible for the resource and reserve estimates.
Evidence · text
“Doug Ashton, P.Eng., of Sproule International Limited, is a Qualified Person as defined in NI 43-101”
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)
KLPKindersley 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.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Doug Ashton
- Resource group id
- resource:b689224233c027e3c551
- Deposit or zone
- KLP
Resource Data
- 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 KLP.
Positive factors
- First declaration of reserves for the project
Evidence · text
“Reserves (LCE): 82,499 tonnes”
Tags used in scoring
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)
Fact 1Kindersley Lithium Project · lithiumRecovery: 87 %View all detailsHide details
Identity
- Project
- Kindersley Lithium Project
- Commodity
- lithium
- Region
- canada_sk
- Reported Region
- Saskatchewan
- Ticker
- GRD.V
Test Work
- Processing Route
- adsorption-based DLE
- Sample
- KLP Phase 1 development program
Recovery
- Recovery
- 87 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: 87% recovery reported for the selected adsorption-based DLE technology.
Positive factors
- Solid recovery for DLE technology
Evidence · text
“Saleable LCE include a Li process recovery of 87%”
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.