Up 18% today & Must watch vid w/ LBNK CEO on path to PEA
LithiumBank ($LBNK.v $LBNKF) up almost 20% after yesterday's announcement engaging Hatch to test their Boardwalk Lithium Brine project!
New & must-watch interview with LBNK's CEO Rob Shewchuk regarding their path to the PEA (IMO): https://www.youtube.com/watch?v=UY78qeNI0o4&ab_channel=LithiumBankResourcesCorp
Shewchuk provides a good overview of LBNK's recent news as they're deep into test work with Hatch with two DLE technologies shortlisted ahead of the Boardwalk PEA which is to be delivered around the September timeline.
The PEA is set to be a major driver for LBNK with a massive data set and over 80 wells going into it so, what sets LBNK apart from other lithium projects?
- Size matters: Almost 6M tonnes which is more than large enough to provide large-scale commercial production for many decades
- Grade: Four brine samples are over 6km so it's a massive area that is being covered with a consistent average grade of 73.9mg (higher than the average grade of the best PA project in Alberta to date)
- Transmusivity: Flow rates of 16,000 cubes a day & 100,000 barrels of bride production per day per well
- Chemistry: Comparable to other PA projects in the province
- Ownership: 100% owned by LBNK w/ no freehold landowners
- Operator: Only one PNG company in the Boardwalk resource area which is significant given the size and number of wells; all wells are currently shut in
- Permits: Already permitted locationed, drill pads and facilities being operational for 50+ years which helps expedite the process to production, providing LBNK with the opportunity to be the first to market with a battery grade lithium product
While the lithium sector is in the gutter rn & LBNK hasn't been performing as well as many would like, I still have faith as Boardwalk & its PEA are likely to solidly define $LBNK.v's position in the market.
It’s still early here & there is high potential for this to work out in $LBNK's favour in the long run IMO - definitely one to look into & keep an eye on.