Lithium Resources Corp. (LBNKF) PEA Technical Report
Posted: Fri May 26, 2023 8:10 am
This will be the topic of our live webinar on Tuesday, May 30 starting at 10AM CT
You must register on the EPG website to attend this webinar or send an email to Sabrina at energyprospectus@gmail.com
CALGARY, Alberta, May 25, 2023 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) (“LithiumBank” or the “Company”) is pleased to announce the highlights from the initial Preliminary Economic Assessment (“PEA”) for the Boardwalk lithium brine project located in west-central Alberta, Canada. The completed NI 43-101 PEA Technical Report will be filed on SEDAR within 45 days of this announcement.
Boardwalk Highlights
31,350 metric tonnes per year of battery grade lithium hydroxide monohydrate (“LHM”)2 over a 20-year period, the largest proposed LHM production in North America
USD $2.7 Billion NPV8 and 21.6% IRR on a pre tax basis
USD $1.7 Billion NPV8 and 17.8% IRR on an after tax basis
OPEX of USD $6,807/tonne LHM
Direct Lithium Extraction (“DLE”) used to process Boardwalk brine will require less fresh water and have a surface footprint that is a fraction of hard rock or evaporation lithium production.
Located in Tier 1 jurisdiction, west-central Alberta, that has a long history of resource extraction, well established infrastructure, and an actively supportive government.
Power to be generated on site using high-efficiency gas turbines with steam cogeneration that will lower the project’s overall carbon footprint. The proposed gas turbine units may be run on 80% hydrogen when a reliable supply is available.
Multiple opportunities to significantly enhance project economics through optimization, further engineering, and pending incentive tax credit.
Project economics used USD $26,000/t LHM and provides strong leverage to higher lithium prices.
You must register on the EPG website to attend this webinar or send an email to Sabrina at energyprospectus@gmail.com
CALGARY, Alberta, May 25, 2023 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) (“LithiumBank” or the “Company”) is pleased to announce the highlights from the initial Preliminary Economic Assessment (“PEA”) for the Boardwalk lithium brine project located in west-central Alberta, Canada. The completed NI 43-101 PEA Technical Report will be filed on SEDAR within 45 days of this announcement.
Boardwalk Highlights
31,350 metric tonnes per year of battery grade lithium hydroxide monohydrate (“LHM”)2 over a 20-year period, the largest proposed LHM production in North America
USD $2.7 Billion NPV8 and 21.6% IRR on a pre tax basis
USD $1.7 Billion NPV8 and 17.8% IRR on an after tax basis
OPEX of USD $6,807/tonne LHM
Direct Lithium Extraction (“DLE”) used to process Boardwalk brine will require less fresh water and have a surface footprint that is a fraction of hard rock or evaporation lithium production.
Located in Tier 1 jurisdiction, west-central Alberta, that has a long history of resource extraction, well established infrastructure, and an actively supportive government.
Power to be generated on site using high-efficiency gas turbines with steam cogeneration that will lower the project’s overall carbon footprint. The proposed gas turbine units may be run on 80% hydrogen when a reliable supply is available.
Multiple opportunities to significantly enhance project economics through optimization, further engineering, and pending incentive tax credit.
Project economics used USD $26,000/t LHM and provides strong leverage to higher lithium prices.