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Kindersley (Phase 1) Project

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Kindersley (Phase 1) Project

Location: 33 km NW from Kindersley, Saskatchewan, Canada

Project Contacts:

500, 400 -5th Ave SW
Calgary
Alberta, Canada
T2P 0L6

Contacts:

Additional Resources for Suppliers & Investors

Categories

Overview

Mine TypeIn-Situ
StagePreliminary Economic Assessment
Commodities
  • Lithium
Mining Method
  • Brine mining
Mine Life... Lock
SnapshotPreliminary Economic Assessment Kindersley Lithium Project – Phase 1 dated November 7, 2023 and effective as of June 30, 2023, addresses only the first phase of 11,000 tonnes per year of battery-grade lithium hydroxide monohydrate (“LHM”) production from the Kindersley Lithium Project (“KLP”).

The economic analysis of the PEA is based on the following main assumptions:
• realized sales price of USD $25,000 per tonne of lithium hydroxide monohydrate (LHM);
• annual production of 11,000 tonnes per year of LHM;
• commerciality of Koch Technologies Solutions’ (“KTS”) Li-ProTM lithium extraction technology;
• minimal prefiltering expenditures due to the absence of hydrocarbons and H2S;
• large diameter wellbores to mitigate pressure loss due to friction and permit installation of large volume electrical submersible pumps.

Owners

SourceSource
CompanyInterestOwnership
Denison Mines Corp. Indirect
Grounded Lithium Corp. (operator) 100 % Direct
Grounded Lithium Corp. wholly owned and operated Kindersley Lithium Project (KLP).

The Kindersley Lithium Project encompasses 77,476 ha of 100% working interest mines and mineral rights.

Kindersley Lithium Project – Phase 1 includes the development of only 6,475 hectares (ha) or 16,000 acres, representing approximately 8 percent of GLC’s acreage within the KLP area.

On January 16, 2024, Grounded Lithium Corp. (“GLC” or the “Company“) entered into a definitive agreement dated January 15, 2024 with Denison Mines Corp (TSX: DML NYSE American: DNN) (“Denison“) whereby Denison has the option to earn up to a 75% working interest in the Kindersley Lithium Project (“KLP“) by funding in aggregate up to $15,150,000 comprised of both cash payments to GLC of up to $3,150,000 and funding project expenditures of up to $12,000,000 through a structured earn-in option.

SourceSource

Deposit type

  • Brine

Summary:

Primary geologic targets of subsurface lithium enriched brines across the Project area are hosted within the Devonian aged Duperow formation of southwestern Saskatchewan. The Duperow aquifer is a candidate for sourcing subsurface lithium enriched brines for the purpose of direct lithium extraction due to its depositional and reservoir attributes. With a gross thickness exceeding 200 m, and its overall expansive aerial extent, the Duperow represents a known active aquifer system, serving as water source wells across the Project area. Reservoir attributes associated with Duperow primary lithology (e.g., dolomite) provide significant pore volume and storage capacity of subsurface brines. In addition, high porosity and associated permeability values are expected to contribute to the ability of the aquifer to deliver significant production rates over a long production life.

The KLP represents the shallowest known accumulation of lithium-enriched brines hosted within the Duperow Formation across the province of Saskatchewan and/or the Leduc Formation in Alberta. Duperow brines at Kindersley are also devoid of the presence of hydrocarbons, including sour gas (H2S). These observed geologic features of the Duperow Formation, and compositional attributes of Duperow brines, are advantageous for future project development at Kindersley.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityProductUnitsAvg. Annual
LCE t 9,685
LiOH-H2O Crystals t 11,000

Operational metrics

Metrics
Daily brine extraction  ....  Subscribe
Annual brine extraction  ....  Subscribe
* According to 2023 study.

Production Costs

CommodityUnitsAverage
Cash costs LiOH-H2O USD  ....  Subscribe
Total cash costs LCE USD  ....  Subscribe
Total cash costs LiOH-H2O USD  ....  Subscribe
Assumed price LiOH-H2O USD  ....  Subscribe
* According to 2023 study / presentation.

Project Costs

MetricsUnitsLOM Total
Total CapEx $M USD  ......  Subscribe
Total Taxes $M CAD  ......  Subscribe
Royalty payments $M CAD  ......  Subscribe
Gross revenue (LOM) $M CAD  ......  Subscribe
Net Operating Income (LOM) $M CAD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M CAD  ......  Subscribe
After-tax Cash Flow (LOM) $M CAD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameEmailProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 30, 2023
....................... Subscription required ....................... Subscription required Subscription required Jun 30, 2023
....................... Subscription required ....................... Subscription required Subscription required Jun 30, 2023
....................... Subscription required ....................... Subscription required ........... Subscription required Subscription required Feb 21, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 15, 2024

Total WorkforceYear
...... Subscription required 2023

Aerial view:

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