According to E3, the brine production well will provide critical data such as brine chemistry, lithium concentrations and reservoir characteristics of the Clearwater project area. It plans to use the data collected to support the upgrade of its resource to the indicated and measured category, which will be the basis for a pre-feasibility study (PFS).
To date, E3 has outlined a total of 7 million tonnes of lithium carbonate equivalent (LCE) in three resource areas (all inferred), hosted within the Leduc aquifer historically known for its oil and gas development. Together, these resources cover about a third (34%) of the company’s permit area in south-central Alberta.
Clearwater represents one of the resource areas, containing 2.2 million tonnes LCE at an average lithium concentration of 74 mg/L. A preliminary economic assessment (PEA) was completed for the Clearwater project in 2020, showing an after-tax net present value of…
