# LithiumBank Advances Boardwalk Toward Commercial Production with SLB Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lithiumbank-advances-boardwalk-toward-commercial-production-with-slb--4ad264e9-86cc-417f-9b42-978b836f869b Original source: https://money.tmx.com/en/quote/LBNK/news/7992429696639093/lithiumbank-advances-boardwalk-toward-commercial-production-with-slb Publisher: tmx Original announcement: 2026-05-28T14:56:00.000Z 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, Economic study, Metallurgy - Extracted: 2026-09-18 06:42:09 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary LithiumBank has awarded a Feasibility Study and Front-End Engineering Design \(FEED\) contract to SLB for its Boardwalk lithium brine project in Alberta. The project features a significant resource of 8 million tonnes LCE and has demonstrated 95% lithium recovery in previous pilot testing. Reasoning: The announcement marks a major de-risking milestone by advancing a large-scale lithium brine project into the Feasibility Study stage with a global technology partner \(SLB\). - Positive factor: Initiation of Feasibility Study and FEED with SLB - Positive factor: High lithium recoveries \(95%\) demonstrated in pilot testing - Positive factor: Significant resource scale \(8 Mt LCE total\) - Positive factor: Non-dilutive funding of $3.9M from ERA - Negative factor: QP is non-independent Facts used in scoring: 4 ## Classification and evidence **PFS Complete** Polarity: positive Definition: AACE Class 3 study complete. Why it applies: The company is initiating a Feasibility Study \(PFS/DFS level\) following a PEA. Evidence · text > announcement of the advancement of its 100% owned Boardwalk lithium brine project \("Boardwalk"\) through the initiation of a Feasibility Study and Front-End Engineering Design \("FEED"\) **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is explicitly stated as a NI 43-101 estimate. Evidence · text > Boardwalk's NI 43-101 resource estimate **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Pilot testing demonstrated sustained lithium recoveries of up to 95%. Evidence · text > demonstrating sustained lithium recoveries of up to 95% **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: While a QP is named, the document notes the QP is non-independent. Evidence · text > Mr Kevin Piepgrass is the Chief Operating Officer for LithiumBank and is non-independent. **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-advances-boardwalk-toward-commercial-production-with-slb--4ad264e9-86cc-417f-9b42-978b836f869b#fact-resource-facts-1) Boardwalk · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Boardwalk - Commodity: lithium - Region: canada\_ab - Reported Region: Alberta - Ticker: LBNK #### Resource scope - Estimate type: resource - Effective date: 2025-02-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Piepgrass - Resource group id: resource:12a422773e133b4d6522 #### Resource Data - Category: indicated - Tonnes: 5200000 - Grade: 81.6 - Grade Unit: mg/L lithium - Contained Metal: 5200000 - Contained Unit: t lce #### Prior Estimate - Resource Date: 2025-02-20 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-20T00:00:00.000Z #### Dates - Event date: 2026-05-28T00:00:00.000Z Reasoning: This is a restatement of the NI 43-101 technical report effective Feb 2025. - Positive factor: Large scale resource Evidence · text > Boardwalk's NI 43-101 resource estimate, as outlined in the "LithiumBank Resources Corp. Boardwalk NI 43-101 Technical Report" \(effective February 20, 2025\), includes Measured and Indicated resources of 5.2 million tonnes of lithium carbonate equivalent \("LCE"\) at an average grade of 81.6 mg/L lithium #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-advances-boardwalk-toward-commercial-production-with-slb--4ad264e9-86cc-417f-9b42-978b836f869b#fact-resource-facts-2) Boardwalk · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Boardwalk - Commodity: lithium - Region: canada\_ab - Reported Region: Alberta - Ticker: LBNK #### Resource scope - Estimate type: resource - Effective date: 2025-02-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Piepgrass - Resource group id: resource:1cb45e5d134f1225ad27 #### Resource Data - Category: inferred - Tonnes: 2800000 - Grade: 79 - Grade Unit: mg/L lithium - Contained Metal: 2800000 - Contained Unit: t lce #### Prior Estimate - Resource Date: 2025-02-20 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-20T00:00:00.000Z #### Dates - Event date: 2026-05-28T00:00:00.000Z Reasoning: Inferred component is significant. Evidence · text > and Inferred resources of 2.8 million tonnes LCE at 79 mg/L lithium #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## Metallurgical Results (1) ### pilot testing [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-advances-boardwalk-toward-commercial-production-with-slb--4ad264e9-86cc-417f-9b42-978b836f869b#fact-metallurgical-facts-3) Boardwalk · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Boardwalk - Commodity: lithium - Region: canada\_ab - Reported Region: Alberta - Ticker: LBNK #### Test Work - Program Status: detailed - Test Type: pilot testing - Sample: 35,000 litres of brine sourced from the Boardwalk project #### Recovery - Recovery: 95 % - Recovery Basis: actual\_test #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-04-14T00:00:00.000Z #### Dates - Event date: 2026-05-28T00:00:00.000Z Reasoning: Pilot testing results are very strong for DLE technology. - Positive factor: High recovery Evidence · text > LithiumBank previously completed initial DLE pilot testing with SLB \(see news release dated April 14, 2025\), demonstrating sustained lithium recoveries of up to 95% #### Tags used in scoring **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 95% is at or above the exceptional band \(80%\) ## 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.