New NI 43-101 report identifies 5.0 Mt LCE in Measured and Indicated resources, significantly boosting E3 Lithium's total Alberta inventory to over 21 Mt LCE.
E3 Lithium Ltd., a leading player in the Canadian lithium sector, announced today a significant update to its mineral resource report for the Garrington District in central Alberta. The newly released NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate confirms an impressive 5.0 million tonnes ("Mt") of lithium carbonate equivalent ("LCE") in the Measured and Indicated categories, alongside an Inferred mineral resource estimate of 0.3 Mt LCE.
This latest report marks a substantial expansion of E3 Lithium's known resources, bringing the company's total Measured and Indicated mineral resources in Alberta to an astounding 21.2 Mt LCE. This solidifies Alberta's position as a globally significant region for lithium resources, largely attributed to the immense scale of its brine aquifers.
The Garrington District spans 273,449 hectares of land, strategically located in south-central Alberta, directly southwest of Edmonton and extending towards the town of Sundre. Within this district, E3 Lithium holds brine-hosted mineral rights across approximately 155,236 hectares, leased from the crown, with the remainder comprising unleased freehold mineral rights. Lithium concentrations within or near E3 Lithium's land holdings in the Garrington District vary from 45 mg/L to 61 mg/L, with an average of 54 mg/L.
"Alberta’s lithium resources stand out globally as some of the most significant in size, thanks to the scale of the brine aquifers in the province," stated Chris Doornbos, President and CEO of E3 Lithium. "The resource update in the Garrington District highlights a separate region containing vast volumes of lithium-enriched brines to the west of our existing Bashaw District resources. E3 Lithium continues to focus our efforts on the development of the Clearwater Project and the additional Garrington resources expand our sizable inventory for long-term value creation."
The Garrington District property is situated immediately to the west of E3 Lithium’s Bashaw District, where the company is actively advancing its Clearwater Project. Similar to the Bashaw District, the Garrington District’s lithium brine deposit is hosted within the carbonate reef complex deposits of the Leduc Formation, a geological characteristic that bodes well for consistent resource potential.
The company also highlighted that its total Measured and Indicated lithium resources in Western Canada now exceed 21 Mt LCE, with an additional 2.9 Mt of Inferred resources. This includes approximately 1.13 Mt of Proven and Probable mineral reserves in the Bashaw District, which form the foundation for the ongoing Clearwater Project, as outlined in the Pre-Feasibility Study published in July 2024.
