# LithiumBank Files NI 43-101 Resource Estimate Technical Report for the Boardwalk Lithium Brine Project, West-Central Alberta Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk--e1f0628b-edda-462e-8a5d-fe741add555d Original source: https://money.tmx.com/en/quote/LBNK/news/8623040519205351/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk Publisher: tmx Original announcement: 2025-04-08T03:28:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: LithiumBank Resources Corp. - Ticker: LBNK - Exchange: TSX - Region: West-Central Alberta - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-08-25 19:01:20 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Tonnage growth of >30% vs prior estimate - Positive factor: Grade improvement of ~18% vs prior estimate - Positive factor: NI 43-101 compliant technical report filed - Positive factor: QA/QC protocols and certified lab \(AGAT\) disclosed Facts used in scoring: 3 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: 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 Improvement** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 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, 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 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 > 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) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk--e1f0628b-edda-462e-8a5d-fe741add555d#fact-resource-facts-0) lithium #### 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 factor: High-grade measured resource Evidence · table > 81.2 Context: 1,671,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk--e1f0628b-edda-462e-8a5d-fe741add555d#fact-resource-facts-1) lithium #### 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 factor: Large indicated resource volume Evidence · table > 81.8 Context: 3,524,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk--e1f0628b-edda-462e-8a5d-fe741add555d#fact-resource-facts-2) lithium #### 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 factor: Expansion into Beaverhill Lake/Swan Hills - Negative factor: 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.