LithiumBank engages SLB to conduct subsurface reservoir modelling

LithiumBank Resources announced it has engaged SLB to provide detailed reservoir modelling for an upcoming resource estimation and preliminary economic assessment that the Company anticipates completing at the Park Place lithium brine project in west-central Alberta. The Park Place Project is located approximately 50 kilometres south of the Company’s Boardwalk Project. Results of SLB’s modelling work are expected in 90 days. LithiumBank has engaged SLB to conduct detailed subsurface reservoir modelling of the Leduc and Swan Hills Formations at the Park Place Project. This work will complement the hydrogeological study previously completed by Matrix. SLB’s study will involve reservoir characterization, such as facies modelling, porosity and permeability modelling, and interpretation of 57 kilometres of seismic lines that were not included in the earlier study. Detailed reservoir modelling from this study is expected to provide a higher level of confidence in future engineering and production designs as well as support for an upcoming resource estimation that the Company has targeted to complete. The study will target a 3,255 km2 area of interest, that is considered to be the most favourable AOI in the Park Place Project in terms of formation thickness, porosity, depth to formation, and location and has been prioritized for development. This work is expected to be the foundation of an upcoming resou