# LithiumBank Announces 30% Increase in Overall Lithium Resources at Boardwalk Brine Project, Including 5,195,000 Tonnes LCE Measured and Indicated Resources at 81.6 mg/L Lithium

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lithiumbank-announces-30-increase-in-overall-lithium-resources-at-boardwalk-brin--d37ce592-16a0-46fa-9a6d-a8eac554b905

Original source: https://money.tmx.com/en/quote/LBNK/news/8478398634676584/lithiumbank-announces-30-increase-in-overall-lithium-resources-at-boardwalk-brin

Publisher: tmx

Original announcement: 2025-02-20T13:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: LithiumBank Resources Corp.

- Ticker: LBNK

- Exchange: TSX

- Region: Alberta

- Primary commodity: Lithium

- Secondary commodities: None reported

- Document categories: Resource update

- Extracted: 2026-08-25 19:03:43 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

LithiumBank has announced an updated NI 43-101 compliant lithium resource estimate for the Boardwalk Brine Project in Alberta, reporting a 30% increase in overall resources. The update features 5,195,000 tonnes of Measured and Indicated LCE at 81.6 mg/L lithium, driven by improved grade and refined reservoir modeling.

Reasoning: Significant 30% increase in overall lithium resources and an 18% increase in grade compared to the previous estimate. The update includes substantial Measured and Indicated resources with high geological confidence and clear QA/QC disclosure.

- Positive factor: Tonnage growth

- Positive factor: Grade improvement

- Positive factor: Category upgrade

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Positive factor: NI 43-101 Compliant

Facts used in scoring: 4

## Classification and evidence

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: Overall lithium resources increased by approximately 30% compared to the previous estimate.

Evidence · text

> increase in overall lithium resources by approximately 30%

**Grade Improvement**

Polarity: positive

Definition: Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: The resource update reports an increase in lithium grade of approximately 18% from the previous estimate.

Evidence · text

> increase in lithium grade of approximately 18%

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The announcement explicitly states the resource estimate is NI 43-101 compliant.

Evidence · text

> updated National Instrument 43-101... lithium-brine mineral resource estimate

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Alex Haluszka of Montrose Environmental Solutions Canada Inc. is named as the Qualified Person.

Evidence · text

> reviewed and validated by Alex Haluszka... a Qualified Person

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The resource estimation was completed using a cut-off of 50 mg/L Li.

Evidence · text

> using a cut-off of 50 mg/L Li

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The project contains significant inferred resource components at both Boardwalk and Park Place.

Evidence · table

> 79.0

Context: 2,777,000

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Resource Estimates (4)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/lithiumbank-announces-30-increase-in-overall-lithium-resources-at-boardwalk-brin--d37ce592-16a0-46fa-9a6d-a8eac554b905#fact-resource-facts-0)

Boardwalk · lithium

#### Identity

- Project: Boardwalk
- Commodity: lithium
- Region: canada\_ab
- Reported Region: Alberta
- Ticker: LBNK

#### Resource Data

- Category: measured
- Tonnes: 1671000
- Grade: 81.2
- Grade Unit: mg/L
- Cutoff Grade: 50

#### Lab

- Laboratory: AGAT Laboratories

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-02-20T00:00:00.000Z

Reasoning: High-grade measured resource with robust QA/QC and clear cutoff disclosure.

- Positive factor: Measured Resource

Evidence · table

> 81.2

Context: 1,671,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/lithiumbank-announces-30-increase-in-overall-lithium-resources-at-boardwalk-brin--d37ce592-16a0-46fa-9a6d-a8eac554b905#fact-resource-facts-1)

Boardwalk · lithium

#### Identity

- Project: Boardwalk
- Commodity: lithium
- Region: canada\_ab
- Reported Region: Alberta
- Ticker: LBNK

#### Resource Data

- Category: indicated
- Tonnes: 3524000
- Grade: 81.8
- Grade Unit: mg/L
- Cutoff Grade: 50

#### Lab

- Laboratory: AGAT Laboratories

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-02-20T00:00:00.000Z

Reasoning: Significant indicated resource contributing to the overall project growth.

- Positive factor: Indicated Resource

Evidence · table

> 81.8

Context: 3,524,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/lithiumbank-announces-30-increase-in-overall-lithium-resources-at-boardwalk-brin--d37ce592-16a0-46fa-9a6d-a8eac554b905#fact-resource-facts-2)

Boardwalk · lithium

#### Identity

- Project: Boardwalk
- Commodity: lithium
- Region: canada\_ab
- Reported Region: Alberta
- Ticker: LBNK

#### Resource Data

- Category: inferred
- Tonnes: 2777000
- Grade: 79
- Grade Unit: mg/L
- Cutoff Grade: 50

#### Lab

- Laboratory: AGAT Laboratories

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-02-20T00:00:00.000Z

Reasoning: Inferred resource component provides additional scale but carries higher geological risk.

- Negative factor: Inferred Resource

Evidence · table

> 79.0

Context: 2,777,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/lithiumbank-announces-30-increase-in-overall-lithium-resources-at-boardwalk-brin--d37ce592-16a0-46fa-9a6d-a8eac554b905#fact-resource-facts-3)

Park Place · lithium

#### Identity

- Project: Park Place
- Commodity: lithium
- Ticker: LBNK

#### Resource Data

- Category: inferred
- Tonnes: 21697000
- Grade: 80.2
- Grade Unit: mg/L

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-02-20T00:00:00.000Z

Reasoning: Large inferred resource at Park Place project.

- Negative factor: Inferred Resource

Evidence · table

> 80.2

Context: 21,697,000

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.