Foremost Lithium Resource & Technology Ltd. announced results from a Preliminary Economic Assessment (PEA) for its Zoro Lithium Project in Manitoba. The study reports a strong net present value (NPV) and internal rate of return (IRR), suggesting the project could be profitable.
The PEA outlines plans for an open-pit mine and processing facility to produce spodumene concentrate. Foremost plans to advance to a pre-feasibility study and continue exploration drilling to expand the resource.