LithiumBank Resources Corp. (TSXV: LBNK) has filed the NI 43-101 Technical Report for the Park Place Lithium-Brine Project in West-Central Alberta, Canada. This establishes Park Place as the largest known inferred lithium brine resource in North America.

Park Place Lithium Brine Project

The Park Place project includes a substantial lithium brine resource. It features 10,076,000 tonnes of inferred lithium carbonate equivalent (LCE) within the Leduc Formation, with an average lithium concentration of 79.4 mg/L. The Swan Hills Formation adds 11,620,000 tonnes of inferred LCE at an average concentration of 80.9 mg/L.

The resource estimate relied on data from 420 wells and extensive seismic data. A detailed model guides future economic and engineering studies, including a Preliminary Economic Assessment (PEA).

Resource Estimation and Infrastructure

The Park Place project spans over 1,404,558 acres of mineral licenses in Alberta. This region benefits from a well-established infrastructure and experienced workforce due to decades of hydrocarbon extraction.

LithiumBank’s focus is on responsibly developing and de-risking lithium brine assets in North America, with ongoing work at both Park Place and its Boardwalk project.

Qualified Experts and Future Plans

The scientific data was reviewed by qualified experts independent of LithiumBank. Park Place remains a key site for future sampling and development activities, contributing to the company’s strategic growth in lithium extraction.

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