Update on NI 43-101 Inferred Mineral Resource Estimate! Exciting insight from LithiumBank ($LBNK.v $LBNKF) today, providing a corporate update and summary to the NI 43-101 Inferred Mineral Resource Estimate of 5,973,000 tonnes of lithium carbonate equivalent at its 100% owned Boardwalk Lithium Brine Project (formerly known as the Sturgeon Lake Lithium Brine Project)
The Boardwalk formation is estimated at 1,112,000 tonnes of elemental Li at an average lithium concentration of 67.1 mg/L Li in 16.7km3 of formation brine volume; with the global total LCE for the inferred mineral resource is 5,973,000 tonnes LCE at an average grade of 67.1 mg/L LI
$LBNK has retained Hatch to provide expertise in selecting a DLE technology and is working with three DLE providers. The results of this test work will be implemented into the PEA expected in Q3 of 2022
This project represents a huge opportunity to help fulfill North America's EV and storage requirements by providing a significant contiguous lithium brine resource.
Check out the full report here:
https://www.lithiumbank.ca/news/boardwalk-lithium-brine-project-update-on--5973000-tonnes-lce--inferred-mineral-resource-estimate-