Interview with David Smithson, Senior VP of Exploration of Li-FT Power Ltd.
Our previous interview: https://www.cruxinvestor.com/posts/li-ft-power-cselift-drilling-to-continue-inferred-resource-estimate-next-august-4224
Recording date: 24th October 2023
Li-FT Power Ltd (CSE: LIFT) is a lithium exploration company focused on the Yellowknife Pegmatite Field in the Northwest Territories, Canada. Dave Smithson, Senior VP of Exploration, has extensive experience in gold and base metals with Newmont. He was attracted to join Li-FT Power based on the scale of the lithium opportunity.
The exploration target at Yellowknife is 100-150 million tons of spodumene grading 1-2% lithium oxide. Drilling has revealed both dikes and sills, indicating both high tonnage potential and low strip ratios. Assay results to date show grades exceeding 1% lithium oxide. The mineralization occurs in shoots within the dikes.
The drill program is targeting 40,000 meters with the remaining 8,000 meters postponed due to wildfires but will be completed over the winter. Further drilling is likely beyond the initial program as resource modelling begins.
Upcoming catalysts include ongoing drill results and initial resource estimation. The large scale of the pegmatite field provides significant exploration upside for Li-FT Power.
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View Li-FT Power's company profile: https://www.cruxinvestor.com/companies/li-ft-power-ltd
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An insight into junior mining and opportunities to invest.
Company Interviews, a Crux Investor show, exists to cut through the jargon, bias and bluster.
Matthew Gordon, and guest host Merlin Marr-Johnson hone in on the important factors that indicate a company's strong footing for growth and success.