TSXV:LBNK - Post Discussion
Post by
Betteryear2 on Jan 16, 2024 12:28pm
LithiumBank Announces Updated PEA
Calgary, Alberta--(Newsfile Corp. - January 16, 2024) - LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) ("LithiumBank" or the "Company") is pleased to announce the highlights from an updated Preliminary Economic Assessment ("Updated PEA") by Hatch Inc. ("Hatch") for its 100%-owned Boardwalk Lithium Brine Project ("Boardwalk") located in west-central Alberta. The significant difference from the initial PEA ("Original PEA") released in May 2023 was the incorporation of newly licensed continuous Direct Lithium Extraction ("cDLE®") technology from G2L Greenview Resources Inc ("G2L") The G2L technology has numerous advantages over the direct lithium extraction ("DLE") process applied in the original PEA. This update builds upon a lithium carbonate equivalent ("LCE") updated resource estimates at the Boardwalk Project of 395,000 tonnes LCE of indicated and 5.73 million tonnes LCE of inferred resources. The mineral resource update was completed by APEX Geoscience Ltd. ("APEX"). The updated NI 43-101 PEA Technical Report will be filed on SEDAR within 45 days of this announcement. LithiumBank Announces Updated PEA; Significantly Increases Pre-Tax NPV8% to USD $3.7 Billion and Reduces OPEX to USD $4,588 per LCE/T at Flagship Boardwalk Lithium Brine Project, Alberta, Canada (newsfilecorp.com)
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