$LBNK give big update for flagship project Yesterday, LithiumBank Resources ($LBNK.v) gave a summary/update for its Boardwalk Lithium Brine Project (formerly known as the Sturgeon Lake Lithium Brine Project).
The update says the Boardwalk formation is estimated at 1.112M tonnes of elemental Li at an average lithium concentration of 67.1 mg/L in 16.7km3 of formation brine volume.
Plus the global total LCE for the inferred mineral resource is 5.973 tonnes LCE at an average grade of 67.1 mg/L.
$LBNK shared that it has retained a 3rd party to help with selected DLE technology to progress with the project. $LBNK is working with three DLE providers to conduct DLE test work.
These tests will be used in the PEA for Boardwalk which $LBNK expects to release in Q3.
Despite this positive news $LBNK closed down 6% today making it a good time to BTD IMO.
$LBNK @ 1.04
MC $38.649M
https://ca.finance.yahoo.com/news/boardwalk-lithium-brine-project-5-120000464.html