Name of the Project
Boardwalk lithium brine project.

Location
West-central Alberta, Canada.

Project Owner/s
LithiumBank Resources Corp.

Project Description
The lithium resource at Boardwalk is dissolved in the brine water contained within the Leduc Formation. The lithium will be produced by pumping the brine to the surface through vertical or deviated wells and then by pipeline to the central processing facility.

The project is targeting a total lithium brine production rate of 250 000 m³/d over 20 years from 50 production wells.

The lithium processing facility is designed to a nameplate production capacity of about 31 350 t/y of battery-grade lithium hydroxide monohydrate at a feed brine throughput of 250 000 m³/d at an average concentration of 70.1 mg/ℓ. After processing, the depleted lithium brine will be returned to the Leduc Formation through 50 injection wells.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a net present value (NPV), at an 8% discount rate, of $2.7-billion and an internal rate of return (IRR) of 21.6%, with a payback of 4.1 years.

Capital Expenditure
C$2.09-billion.

Planned Start/End Date
None stated.

Latest Developments
By the end of 2023, LithiumBank plans to start pilot plant studies on Boardwalk. In parallel, it will work to capture the near-term enhancement opportunities it has identified in this study, which it expects to drive significant incremental NPV and IRR performance.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
LithiumBank Resources Corp, tel +1 647 689 6041 or email contact@lithiumbank.ca.