Ann: CNQ enters Nth American lithium market tech-for-equity deal, page-66

LithiumBank announces updated Boardwalk project PEAresults:

LithiumBankthis week announced an update to its June 2023 PEA for the Boardwalk oil fieldbrine project in Alberta, Canada.

The study incorporates Go2Lithium continuous ion-exchange DLE technology thataccording to bench-scale testing yields 98% to produce a 3.24 g/L Li eluate inlithium sulphate.

The 34,000 tpa lithium hydroxide plant would operate over 20 years, costing$2.16B to build and $4,588/t LHM ($5,213/t LCE) to operate. The project’sindicated resource from the Leduc formation averages 71.6 mg/L Liconcentration.

Using a flat price of $26,000/t LMH ($29,545/t LCE), the NPV8% comes in atUS$2.31B post-tax, up 39% from the previous PEA.

Adamas take:Reagent costs are notoriously high for ion-exchange DLE, however, the incorporation of the novel continuous DLE technology out of Australia has reduced reagent costs from $3,689/t LHM to $1,089. The updated project is now more in line with competitors,though it remains a costly source of lithium units.