FAR RESOURCES

Far Resources is a leader in the Canadian energy metals sector and is focused on defining a lithium resource on its Zoro project in the Snow Lake region of Manitoba. The Zoro project contains a historic deposit of lithium bearing spodumene pegmatite.

WELCOME TO FAR RESOURCES

LITHIUM, THE FUTURE OF ENERGY

Far Resources further assessed the amount of high-grade lithium spodumene in Dyke 1 through a winter drill program, reaching the dyke’s deeper levels (>150) where the highest intersections to date were made including 1.8% Li2O over 16 metres.

Recently Far announced a base case maiden inferred resource for Dyke 1 has been calculated as 1,074,567 metric tonnes grading 0.91% Li2O at a cut-off grade of 0.3% (the “Inferred Resource”).

OUR MISSION

WHAT MAKES FAR RESOURCES DIFFERENT?

TEAM

Our team has over 30 years’ experience funding and developing a number of successful resource companies.

Our Management team is focused on maintaining a sound share structure and financing the company in ways that benefit existing and future shareholders.

Our technical and project team includes leading geological and analytical experts with significant experience in Canada and Manitoba and specifically lithium pegmatites.

TIMING

The energy storage revolution is generating high demand for lithium with some analysts forecasting exponential increases in demand over the next few years. Battery giants are scaling up lithium-ion production with planned mega factories and some are acquiring raw materials through long-term offtake agreements. Companies already producing lithium are attempting to increase production. However, the majority of current production (both brine and hard-rock operations) are capacity constrained with geopolitical risk affecting some of the world’s major production areas.

PROJECT

Far Resources Zoro Lithium project hosts eight identified pegmatite dykes with high grade lithium found in six dykes to date. The company has completed three drill programs on Dyke 1 delivering high-grade lithium assays from all drill holes.

Phase three drilling on Dyke 1 produced higher grade intervals including 2.19% Li2O over 4 m and 3.12% Li2O over 1 m. Drilling expanded the dimensions of Dyke 1 and confirmed width and grades comparable to other more advanced lithium deposits.

The 2018 winter drill program assessed deeper levels (>150 m) of Dyke 1 to extend the amount of known high-grade lithium spodumene as well as to test recent high grade assay results from trench and outcrop sampling at Dykes 5 and 7.

A recent high-grade drill intercept of tantalum accompanied elevated tantalum and niobium in samples of drill core, outcrop and soils.