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
- 2026-09-18 07:16:15 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
LithiumBank Resources Corp. has filed a NI 43-101 technical report for its Boardwalk lithium brine project in Alberta, revealing a significant resource expansion. The updated estimate shows a 30% increase in total lithium resources and an 18% increase in grade, resulting in 5.195 Mt of M&I LCE at 81.6 mg/L lithium.
Reasoning: The announcement reports a significant expansion in both lithium grade and total resource tonnage at the Boardwalk project, supported by a formal NI 43-101 technical report and robust QA/QC disclosures.
Positive factors
- Significant tonnage increase of over 30%
- Substantial grade improvement of ~18%
- High-grade M&I resource for the region
- NI 43-101 compliant technical report filed
- QA/QC protocols and certified lab (AGAT) disclosed
Facts used in scoring: 5
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The company filed a NI 43-101 Resource Estimate Technical Report.
Evidence · text
“LithiumBank Files NI 43-101 Resource Estimate Technical Report”
Tonnage Growthpositive
Tonnage increase reaching the strong tier 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 Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: Lithium grade increased by approximately 18% from the previous estimate.
Evidence · text
“increase in lithium grade of approximately 18%”
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 approved the technical report.
Evidence · text
“reviewed and validated by Alex Haluszka of Montrose Environmental Solutions Canada Inc.; 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
“completed and reported using a cut-off of 50 mg/L Li”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“updated mineral resource estimate”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Resource Estimates (5)
measuredBoardwalk · lithiumTonnes: 91000Grade: 71.8Grade Unit: mg/L lithiumContained Metal: 91000Contained Unit: tonnes lceView all detailsHide details
Identity
- Project
- Boardwalk
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- West-Central 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
- Alex Haluszka
- Resource group id
- resource:3f4ca5b4d012c4490224
- Deposit or zone
- Leduc (oil saturated zone)
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 91000
- Grade
- 71.8
- Grade Unit
- mg/L lithium
- Contained Metal
- 91000
- Contained Unit
- tonnes lce
- Cutoff Grade
- 50
- Cutoff Unit
- mg/L Li
Prior Estimate
- Resource Date
- 2025-02-20
Lab
- Laboratory
- AGAT Laboratories
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-04-08T00:00:00.000Z
Reasoning: Measured component of the Leduc reservoir.
Evidence · table
“71.8”
Context: 91,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
measuredBoardwalk · lithiumTonnes: 1580000Grade: 81.8Grade Unit: mg/L lithiumContained Metal: 1580000Contained Unit: tonnes lceView all detailsHide details
Identity
- Project
- Boardwalk
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- West-Central 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
- Alex Haluszka
- Resource group id
- resource:b1f28e3c1a08306bba9a
- Deposit or zone
- Leduc (water saturated zone)
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1580000
- Grade
- 81.8
- Grade Unit
- mg/L lithium
- Contained Metal
- 1580000
- Contained Unit
- tonnes lce
- Cutoff Grade
- 50
- Cutoff Unit
- mg/L Li
Prior Estimate
- Resource Date
- 2025-02-20
Lab
- Laboratory
- AGAT Laboratories
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-04-08T00:00:00.000Z
Reasoning: Measured component of the Leduc reservoir.
Evidence · table
“81.8”
Context: 1,580,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedBoardwalk · lithiumTonnes: 3524000Grade: 81.8Grade Unit: mg/L lithiumContained Metal: 3524000Contained Unit: tonnes lceView all detailsHide details
Identity
- Project
- Boardwalk
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- West-Central 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
- Alex Haluszka
- Resource group id
- resource:71342e79462ac4085199
- Deposit or zone
- Leduc (water saturated zone)
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3524000
- Grade
- 81.8
- Grade Unit
- mg/L lithium
- Contained Metal
- 3524000
- Contained Unit
- tonnes lce
- Cutoff Grade
- 50
- Cutoff Unit
- mg/L Li
Prior Estimate
- Resource Date
- 2025-02-20
Lab
- Laboratory
- AGAT Laboratories
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-04-08T00:00:00.000Z
Reasoning: Indicated component of the Leduc reservoir.
Evidence · table
“81.8”
Context: 3,524,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredBoardwalk · lithiumTonnes: 1128000Grade: 81.8Grade Unit: mg/L lithiumContained Metal: 1128000Contained Unit: tonnes lceView all detailsHide details
Identity
- Project
- Boardwalk
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- West-Central 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
- Alex Haluszka
- Resource group id
- resource:8d157032a9f2d56cae01
- Deposit or zone
- Leduc (water saturated zone)
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1128000
- Grade
- 81.8
- Grade Unit
- mg/L lithium
- Contained Metal
- 1128000
- Contained Unit
- tonnes lce
- Cutoff Grade
- 50
- Cutoff Unit
- mg/L Li
Prior Estimate
- Resource Date
- 2025-02-20
Lab
- Laboratory
- AGAT Laboratories
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-04-08T00:00:00.000Z
Reasoning: Inferred component of the Leduc reservoir.
Evidence · table
“81.8”
Context: 1,128,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredBoardwalk · lithiumTonnes: 1649000Grade: 78.1Grade Unit: mg/L lithiumContained Metal: 1649000Contained Unit: tonnes lceView all detailsHide details
Identity
- Project
- Boardwalk
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- West-Central 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
- Alex Haluszka
- Resource group id
- resource:c44c28288ea7b1fe357a
- Deposit or zone
- Beaverhill Lake/Swan Hills
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1649000
- Grade
- 78.1
- Grade Unit
- mg/L lithium
- Contained Metal
- 1649000
- Contained Unit
- tonnes lce
- Cutoff Grade
- 50
- Cutoff Unit
- mg/L Li
Prior Estimate
- Resource Date
- 2025-02-20
Lab
- Laboratory
- AGAT Laboratories
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-04-08T00:00:00.000Z
Reasoning: Inferred component in the Beaverhill Lake/Swan Hills aquifer.
Evidence · table
“78.1”
Context: 1,649,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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.