# LithiumBank Files NI 43-101 Resource Estimate Technical Report for the Boardwalk Lithium Brine Project, West-Central Alberta Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk--1dcbfd13-7048-4e6e-abf7-d7c626c06bcf 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: 2026-09-18 07:16:15 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant tonnage increase of over 30% - Positive factor: Substantial grade improvement of ~18% - Positive factor: High-grade M&I resource for the region - Positive factor: NI 43-101 compliant technical report filed - Positive factor: QA/QC protocols and certified lab \(AGAT\) disclosed Facts used in scoring: 5 ## Classification and evidence **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 NI 43-101 Resource Estimate Technical Report. Evidence · text > LithiumBank Files NI 43-101 Resource Estimate Technical Report **Tonnage Growth** Polarity: positive Definition: 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 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 estimate. Evidence · text > increase in lithium grade of approximately 18% **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 approved the technical report. Evidence · text > reviewed and validated by Alex Haluszka of Montrose Environmental Solutions Canada Inc.; 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 > completed and reported using a cut-off of 50 mg/L Li **Resource Update** Polarity: neutral Definition: 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) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk--1dcbfd13-7048-4e6e-abf7-d7c626c06bcf#fact-resource-facts-0) Boardwalk · lithium #### 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 Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk--1dcbfd13-7048-4e6e-abf7-d7c626c06bcf#fact-resource-facts-1) Boardwalk · lithium #### 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 Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk--1dcbfd13-7048-4e6e-abf7-d7c626c06bcf#fact-resource-facts-2) Boardwalk · lithium #### 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 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk--1dcbfd13-7048-4e6e-abf7-d7c626c06bcf#fact-resource-facts-3) Boardwalk · lithium #### 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 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-files-ni-43-101-resource-estimate-technical-report-for-the-boardwalk--1dcbfd13-7048-4e6e-abf7-d7c626c06bcf#fact-resource-facts-4) Boardwalk · lithium #### 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 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Resource Update** Polarity: neutral Definition: 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.