Grounded Lithium Announces Commencement of 2024 Field Program and Selection of Stantec as Lead Author for Pre-Feasibility Study
CALGARY, AB, Nov. 4, 2024 /PRNewswire/ – (TSXV: GRD) (OTCQB: GRDAF) – Grounded Lithium Corp. (“GLC” or the “Company“) announces commencement of the 2024 field program together with initiation of the Pre-Feasibility Study (“PFS“) authored by Stantec Inc. (“Stantec“), a leading global engineering and consulting firm, as lead author for the Kindersley Lithium Project (“KLP“) in accordance with Canadian Securities Administrators National Instrument 43-101 (“NI 43-101“).
Gregg Smith, President and CEO, commented :
We are excited to begin executing renewed activity on the KLP stemming from the recently announced project budget approved by Denison Mines Corp. (“Denison“),
“The budget is fully funded by Denison and dedicates $4.5 million to various key activities including advancing detailed analysis on the reservoir through a rigorous field program supporting a future PFS to meaningfully advance the evaluation of the KLP.”
The 2024 KLP field program is highlighted by the following:
- Re-entry of dedicated lithium well
- Originally drilled in 2022 as a dedicated lithium well 20 kilometers north of Kindersley, Saskatchewan (the “4-15 Well“), the 4-15 Well was re-opened (see picture below) and will be deepened by approximately 100 metres;
- Extensive production evaluation testing is planned to be conducted over 11 separate 20-metre stratigraphic intervals within the Duperow formation to determine flow capacity and brine analysis for lithium and ion concentrations for the individual zones; and
- A significant volume of brine is expected to be captured to support several planned lithium extraction technology lab pilot tests (discussed below).
- Depletion model data collection
- Interval testing is intended to collect pressure data, among other factors, critical in developing a fulsome depletion model to guide future efforts related to well placement, reservoir maintenance, and general field operations for the KLP.
- Interval testing is intended to collect pressure data, among other factors, critical in developing a fulsome depletion model to guide future efforts related to well placement, reservoir maintenance, and general field operations for the KLP.
- Lab pilot performance test work:
- Brine samples are planned to be delivered to a number of leading lithium extraction and processing companies to perform extensive lab pilots to evaluate optimal metallurgical design and performance;
- The evaluation of new lithium extraction technologies with encouraging bench scale results are expected to be included in this process along with established technologies; and
- The PFS is expected to base its economic and commercial conclusions on the recommended technology determined from this assessment.
Initiation of PFS
The combined efforts from the field work and technology assessments are expected to support the completion of a future PFS in accordance with National Instrument 43-101. Denison assumed the lead in the selection of the parties to prepare the PFS and we are pleased to announce that Stantec has been awarded that contract. Stantec is a global leader in sustainable engineering, architecture, and environmental consulting who bring a breadth of expertise from their mining, minerals and metals team to the KLP. Subject to the successful completion of the planned field and lab programs, the PFS is currently targeted for completion in mid-2025.
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Grounded Lithium Announces Commencement of 2024 Field Program and Selection of Stantec as Lead Author for Pre-Feasibility Study, source
