# LithiumBank Updates NI 43-101 Lithium Brine Resource Estimate at Park Place, West-Central Alberta Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lithiumbank-updates-ni-43-101-lithium-brine-resource-estimate-at-park-place-west--f3b1b81d-4968-4691-a6ef-b63d069e919a Original source: https://money.tmx.com/en/quote/LBNK/news/7281039487754718/lithiumbank-updates-ni-43-101-lithium-brine-resource-estimate-at-park-place-west Publisher: tmx Original announcement: 2025-05-30T02:09:00.000Z 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 - Extracted: 2026-09-18 07:12:26 UTC Narrative sentiment: -0.40 · Bearish ## Minestarters Atlas 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 factor: High lithium grades maintained at 80.0 mg/L - Positive factor: Strategic reduction in licensing fees by C$821,468 - Negative factor: Significant tonnage decline due to BHML reduction - Negative factor: Resource reduction is purely footprint-driven, not geological improvement Facts used in scoring: 4 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: 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 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 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 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 > 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) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-updates-ni-43-101-lithium-brine-resource-estimate-at-park-place-west--f3b1b81d-4968-4691-a6ef-b63d069e919a#fact-resource-facts-0) Park Place · lithium Historical result Needs review: historical\_restatement #### 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 factor: Stable grades - Negative factor: 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 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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-updates-ni-43-101-lithium-brine-resource-estimate-at-park-place-west--f3b1b81d-4968-4691-a6ef-b63d069e919a#fact-resource-facts-1) Park Place · lithium #### 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 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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-updates-ni-43-101-lithium-brine-resource-estimate-at-park-place-west--f3b1b81d-4968-4691-a6ef-b63d069e919a#fact-resource-facts-2) Park Place · lithium #### 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 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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-updates-ni-43-101-lithium-brine-resource-estimate-at-park-place-west--f3b1b81d-4968-4691-a6ef-b63d069e919a#fact-resource-facts-3) Park Place · lithium Historical result Needs review: historical\_restatement #### 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 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 ## 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.