Anyone keen to share thoughts and opinions on the below ? Is...

Anyone keen to share thoughts and opinions on the below ? Is this relevant and/or is this good for AZL ??? Thanks.


CALGARY, Alberta, November 22, 2023 -- LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) (“LithiumBank'' or the “Company”) is pleased to announce results from bench-scale G2L Greenview Resources Inc. (“G2L”) - Direct Lithium Extraction (DLE) test work on brine from its Boardwalk Lithium Brine Project. The Boardwalk Project is located in west-central Alberta, Canada, and situated on 100% owned crown mineral rights.

Highlights:
- Greater than 98% recovery of lithium from the Boardwalk Project brine.
- G2L DLE produced the highest purity concentrated lithium solution (eluate) of the 15 technologies tested or assessed to date.
- Greater than 90% reduction of calcium (Ca), sodium (Na), chlorine (Cl) impurities in the eluate.
- G2L DLE produced lithium eluate concentration of > 3,000 mg/L (3 g/L) Li.
- This represents:

• Greater than 40 fold increase in lithium concentration from feedstock; and
• Greater than 40 fold volume reduction of brine post DLE processing.

- Reagents used in the G2L DLE processing are approximately a third of the cost of those used in the DLE process that was used in the Company’s maiden Boardwalk PEA published in May 2023. The reagents in the existing PEA accounted for 54% of the total operating costs.
- Results anticipated to be included in an updated Boardwalk PEA expected in late 2023.
- Pilot Plant testing with G2L continuous DLE (cDLE®) technology, at a rate of up to 10,000L per day to commence Q1 2024.

“The test results from G2L represent a significant improvement in the overall purity of the concentrated brine, or eluate, from the existing DLE process we employed in our existing PEA,” commented LithiumBank COO Kevin Piepgrass. “We are very pleased because we can achieve this purity level using lower cost reagents that are readily available in Central Alberta. The high-grade eluate of over 3,000 mg/L lithium represents a 40-fold reduction in brine volume which significantly reduces downstream handling and processing of the brine post-DLE concentration.”

“We are excited to continue optimizing our cDLET® process for the Boardwalk project brine,” commented Peter Voigt, CTO of G2L. “Our focus will remain on maximizing the recovery and purity of lithium while reducing operating and capital costs. We believe further efficiencies can be achieved when we start testing our technology in the cDLE® pilot plant that is being shipped to LithiumBank this month.”