# 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--8ffecf27-03f1-47eb-8a04-3c71a0815f74 Original source: https://orestocks.com/company/GRD.V/press-releases/6183755658865933 Publisher: orestocks Original announcement: 2026-10-13T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T11:45:27.658Z Atlas analysis updated: 2026-10-13T11:45:27.658Z - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: First declaration of Mineral Reserves for the KLP - Positive factor: Positive base-case project economics \(NPV C$125MM, IRR 10.8%\) - Positive factor: Independent third-party validation by Stantec Consulting Ltd. - Positive factor: Significant technical de-risking via advanced reservoir modelling - 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 of ~$603 million Facts used in scoring: 2 ## Classification and evidence **Probable Reserve** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 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. 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 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) ### KLP [Link to this fact](https://atlas-staging.minestarters.com/news/grounded-lithium-releases-kindersley-lithium-project-pre-feasibility-study-resul--8ffecf27-03f1-47eb-8a04-3c71a0815f74#fact-resource-facts-0) Kindersley Lithium Project · lithium #### 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 factor: First declaration of reserves for the project Evidence · text > Reserves \(LCE\): 82,499 tonnes #### Tags used in scoring **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) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/grounded-lithium-releases-kindersley-lithium-project-pre-feasibility-study-resul--8ffecf27-03f1-47eb-8a04-3c71a0815f74#fact-metallurgical-facts-1) Kindersley Lithium Project · lithium #### 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 factor: Solid recovery for DLE technology Evidence · text > Saleable LCE include a Li process recovery of 87% #### 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.