Just hopped off the LithiumBank's ($LBNK.v $LBNKF) Webinar with Amvest Capital which provided a solid overview & update on where LBNK stands at the moment & wanted to share some highlights:
As we know, LBNK is currently working diligently with Hatch on the Boardwalk Project to deliver the PEA in Q4 2022 with the deliverability being "incredible" so far regarding the hydrogeology study, 4 previously reported samples & metallurgical processing. LBNK has engaged Hatch to manage all DLE programs and has found one DLE tech company using ion exchange methods to be very suitable for Boardwalk.
- Potential to produce 50,000+ tonnes per year
- One of the largest lithium development projects.
- Consistent average grade of 73.9 mg
- 5.97M tonnes LCE
When looking at direct brine industry comparables, LBNK has substantial room for growth given its significantly larger resource base yet a smaller market cap as it is in the pre-PEA stage. Plus, LBNK has a considerably low share count for a company with 100% interest in over 3.76M acres of mineral titles in Alberta and Saskatchewan who they are working directly with.
While the timing of LBNK's IPO meant they missed out on the significant appreciation other companies experienced following the lithium price explosion, LBNK isn't relying on a high lithium price forever as its projects are still quite economic at lower levels.
LBNK's second Alberta project, Fox Creek, is notable as the Leduc sits directly on top of the Swan Hills carbonate reef and is hydraulically connected; Hatch will be conducting the same test work for LBNK's Fox Creek PEA.
Plus, LBNK has a diverse portfolio of claims in Saskatchewan and will be working towards the same path with mineral processing.
To summarize, LBNK is working methodically on the Boardwalk PEA while focusing on building a strong foundation so the next phase of a PFS is not a big leap with a pilot plant expected in the summer of 2023.
I'd definitely recommend checking the webinar replay out once available as LBNK additionally addresses the share price and provides an in-depth discussion on DLE tech which is primed to be a large driver of upcoming CAGR growth for lithium.
https://www.lithiumbank.ca/images/pdf/LBNK220823.pdf