LithiumBank Files NI 43-101 Resource Estimate Technical Report for the Boardwalk Lithium Brine Project, West-Central Alberta
Original announcement by tmx on
- Company
- LithiumBank Resources Corp.
- Ticker
- LBNK
- Exchange
- TSX
- Region
- West-Central Alberta
- Primary commodity
- Lithium
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-08-25 19:01:20 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
LithiumBank Resources Corp. has filed an updated NI 43-101 technical report for the Boardwalk lithium brine project in Alberta. The updated resource estimate shows a >30% increase in total lithium carbonate equivalent (LCE) tonnage and an ~18% increase in lithium grade compared to the previous estimate.
Reasoning: Significant expansion in both tonnage and grade for the Boardwalk project, supported by a formal NI 43-101 technical report and robust QA/QC disclosure.
Positive factors
- Tonnage growth of >30% vs prior estimate
- Grade improvement of ~18% vs prior estimate
- NI 43-101 compliant technical report filed
- QA/QC protocols and certified lab (AGAT) disclosed
Facts used in scoring: 3
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Resource estimate increased by over 30% vs previous estimate.
Evidence · text
“increased by over 30% due to an increase in the lithium grade”
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: Lithium grade increased by approximately 18% from the previous resource estimate.
Evidence · text
“increase in lithium grade of approximately 18% from the previous resource estimate”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The company filed a formal NI 43-101 Resource Estimate Technical Report.
Evidence · text
“Files NI 43-101 Resource Estimate Technical Report”
QP/CP Signedpositive
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, P. Geo. is named as the Qualified Person who reviewed and validated the data.
Evidence · text
“reviewed and validated by Alex Haluszka... a Qualified Person”
Cut-off Disclosedpositive
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
“cut-off of 50 mg/L Li”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
measuredlithiumTonnes: 1671000Grade: 81.2Grade Unit: mg/L lithiumView all detailsHide details
Identity
- Commodity
- lithium
- Ticker
- LBNK
Resource Data
- Category
- measured
- Tonnes
- 1671000
- Grade
- 81.2
- Grade Unit
- mg/L lithium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-04-08T00:00:00.000Z
Reasoning: Measured category provides high geological confidence for the Leduc Fm reservoir.
Positive factors
- High-grade measured resource
Evidence · table
“81.2”
Context: 1,671,000
indicatedlithiumTonnes: 3524000Grade: 81.8Grade Unit: mg/L lithiumView all detailsHide details
Identity
- Commodity
- lithium
- Ticker
- LBNK
Resource Data
- Category
- indicated
- Tonnes
- 3524000
- Grade
- 81.8
- Grade Unit
- mg/L lithium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-04-08T00:00:00.000Z
Reasoning: Indicated category provides reasonable geological confidence.
Positive factors
- Large indicated resource volume
Evidence · table
“81.8”
Context: 3,524,000
inferredlithiumTonnes: 2777000Grade: 79Grade Unit: mg/L lithiumView all detailsHide details
Identity
- Commodity
- lithium
- Ticker
- LBNK
Resource Data
- Category
- inferred
- Tonnes
- 2777000
- Grade
- 79
- Grade Unit
- mg/L lithium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-04-08T00:00:00.000Z
Reasoning: Inferred resource provides speculative geological continuity.
Positive factors
- Expansion into Beaverhill Lake/Swan Hills
Negative factors
- Inferred category has lower confidence
Evidence · table
“79.0”
Context: 2,777,000
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.