LithiumBank Updates NI 43-101 Lithium Brine Resource Estimate at Park Place, West-Central Alberta
Original announcement by tmx on
- Company
- LithiumBank Resources Corp.
- Ticker
- LBNK
- Exchange
- TSX
- Region
- Alberta
- Primary commodity
- Lithium
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-18 07:12:26 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
LithiumBank has updated its NI 43-101 lithium brine resource estimate for the Park Place project in Alberta, following a strategic reduction in brine mineral license holdings. The updated estimate reports 15.08 Mt of inferred LCE at 80.0 mg/L lithium, a decrease from the previously reported 21.68 Mt due to the expiration of non-core licenses.
Reasoning: The company updated its resource estimate by reducing its brine mineral license holdings (BHML) at Park Place, resulting in a ~30% reduction in inferred LCE tonnage, though grades remain stable.
Positive factors
- High lithium grades maintained at 80.0 mg/L
- Strategic reduction in licensing fees by C$821,468
Negative factors
- Significant tonnage decline due to BHML reduction
- Resource reduction is purely footprint-driven, not geological improvement
Facts used in scoring: 4
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The entire updated resource estimate for Park Place is classified as inferred.
Evidence · text
“totals 15,082,000 tonnes of inferred LCE”
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: Total inferred LCE tonnage decreased from 21,681,000 tonnes to 15,082,000 tonnes due to BHML reduction.
Evidence · text
“originally reported 21,681,000 tonnes of inferred LCE... The updated NI 43-101 resource estimate... totals 15,082,000 tonnes”
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 an independent Qualified Person who reviewed and approved the estimate.
Evidence · text
“reviewed and approved by Alex Haluszka P. Geo. of Montrose Environmental Solutions Canada Inc., Alex Haluszka is independent of LithiumBank and 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
“The resource estimation was completed and reported using a cut-off of 50 mg/L Li.”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
inferredPark Place · lithiumTonnes: 15082000Grade: 80Grade Unit: mg/LContained Metal: 15082000Contained Unit: tonnes lceHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Park Place
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- LBNK
Resource scope
- Estimate type
- resource
- Effective date
- 2024-06-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alex Haluszka
- Resource group id
- resource:d948712ef88aa86ed933
- Deposit or zone
- Park Place
Resource Data
- Category
- inferred
- Tonnes
- 15082000
- Grade
- 80
- Grade Unit
- mg/L
- Contained Metal
- 15082000
- Contained Unit
- tonnes lce
- Cutoff Grade
- 50
- Cutoff Unit
- mg/L
Prior Estimate
- Resource Date
- 2024-06-24
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-06-24T00:00:00.000Z
Dates
- Event date
- 2025-05-30T00:00:00.000Z
Reasoning: Updated resource estimate following license reduction.
Positive factors
- Stable grades
Negative factors
- Tonnage reduction
Evidence · text
“totals 15,082,000 tonnes of inferred LCE at a grade of 80.0 mg/L lithium”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredPark Place · lithiumTonnes: 8659000Grade: 79.4Grade Unit: mg/LContained Metal: 8659000Contained Unit: tonnes lceView all detailsHide details
Identity
- Project
- Park Place
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- LBNK
Resource scope
- Estimate type
- resource
- Effective date
- 2024-06-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alex Haluszka
- Resource group id
- resource:f9156cfe68fe04750bde
- Deposit or zone
- Leduc Fm
Resource Data
- Category
- inferred
- Tonnes
- 8659000
- Grade
- 79.4
- Grade Unit
- mg/L
- Contained Metal
- 8659000
- Contained Unit
- tonnes lce
- Cutoff Grade
- 50
- Cutoff Unit
- mg/L
Prior Estimate
- Resource Date
- 2024-06-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-05-30T00:00:00.000Z
Reasoning: Component of the updated Park Place resource.
Evidence · table
“8,659,000”
Context: 8,659,000
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredPark Place · lithiumTonnes: 6423000Grade: 80.9Grade Unit: mg/LContained Metal: 6423000Contained Unit: tonnes lceView all detailsHide details
Identity
- Project
- Park Place
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- LBNK
Resource scope
- Estimate type
- resource
- Effective date
- 2024-06-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alex Haluszka
- Resource group id
- resource:22e404bcefa6ecc9824e
- Deposit or zone
- Swan Hills Fm
Resource Data
- Category
- inferred
- Tonnes
- 6423000
- Grade
- 80.9
- Grade Unit
- mg/L
- Contained Metal
- 6423000
- Contained Unit
- tonnes lce
- Cutoff Grade
- 50
- Cutoff Unit
- mg/L
Prior Estimate
- Resource Date
- 2024-06-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-05-30T00:00:00.000Z
Reasoning: Component of the updated Park Place resource.
Evidence · table
“6,423,000”
Context: 6,423,000
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredPark Place · lithiumTonnes: 21681000Grade: 80.2Grade Unit: mg/LContained Metal: 21681000Contained Unit: tonnes lceHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Park Place
- Commodity
- lithium
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- LBNK
Resource scope
- Estimate type
- resource
- Effective date
- 2024-06-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alex Haluszka
- Resource group id
- resource:3b7a563a9cb5dc3ca5c2
- Deposit or zone
- Park Place
Resource Data
- Category
- inferred
- Tonnes
- 21681000
- Grade
- 80.2
- Grade Unit
- mg/L
- Contained Metal
- 21681000
- Contained Unit
- tonnes lce
Prior Estimate
- Resource Date
- 2024-06-24
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-06-24T00:00:00.000Z
Dates
- Event date
- 2025-05-30T00:00:00.000Z
Reasoning: Prior resource estimate for comparison.
Evidence · text
“originally reported 21,681,000 tonnes of inferred LCE at a grade of 80.2 mg/L lithium”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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.