Lithiumbank (LinkedIn)Peter Voigt comment: "A LITHIUM...

Lithiumbank (LinkedIn)
Peter Voigt comment: "A LITHIUM BLOCKBUSTER".

LithiumBank Announces Largest Known Lithium-Brine Resources in North America and Highest Resource Grade in Alberta

Highlights:

• Park Place is the largest known NI 43-101 inferred lithium brine resource estimate in North America.
• Highest known reported lithium-in-brine grades used in a NI 43-101 inferred lithium resource estimate in Alberta.
• 10,078,000 tonnes inferred LCE within the Leduc Fm aquifer at an average of 79.4 mg/L lithium.
• 11,603,000 tonnes inferred LCE within the Swan Hills Fm aquifer, which underlies the Leduc Formation, at an average of 80.9 mg/L lithium.
• Multiple high porosity areas occur that have a combined Leduc & Swan Hills Fm thickness of over 350 metres, and as high as 510 m, to be studied for potential selection of future PEA.
• Subsurface reservoir modelling conducted by SLB included data from 420 wells, 104 km² of 3D seismic data and 262 km of two-dimensional ("2D") seismic data.
• Technical work pertaining to mineral resources to be documented in the technical report was performed by SLB, and overseen by Qualified Persons from Matrix Solutions Inc.
• The subsurface reservoir model constructed by SLB will assist in planning well networks and locations in future economic and engineering studies such as a PEA; and
• Park Place bulk brine sample collection to occur in H2 2024 to be included in the 10,000 L/day continuous direct lithium extraction ("cDLE") pilot plant test work located in the Company's DLE facility in Calgary, Alberta.