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VOLT LITHIUM CORP. ANNOUNCES RESOURCE REPORT INDICATING 4.3 MILLION TONNES OF LITHIUM RESOURCE AT ITS RAINBOW LAKE PROPERTY WITH CONCENTRATIONS UP TO 121 Mg/L

VOLT LITHIUM CORP. ANNOUNCES RESOURCE REPORT INDICATING 4.3 MILLION TONNES OF LITHIUM RESOURCE AT ITS RAINBOW LAKE PROPERTY WITH CONCENTRATIONS UP TO 121 Mg/L

VOLT LITHIUM 公司宣布资源报告,显示其彩虹湖矿产中有430万吨锂资源,浓度高达121 mg/L
GlobeNewswire ·  2023/05/18 19:00

Calgary, Alberta, Canada, May 18, 2023 (GLOBE NEWSWIRE) -- Volt Lithium Corp. (TSX-V: VLT, OTCQB: VLTLF, FSE: I2D) ("Volt" or the "Company") is pleased to announce the completion of an initial resource report, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") (the "Technical Report"), indicating an inferred mineral resource of 4.3 million tonnes of lithium carbonate equivalent ("LCE") at the Company's Rainbow Lake Property.

加拿大阿尔伯塔省卡尔加里,2023年5月18日(环球通讯社)--Volt Lithium Corp.(多伦多证券交易所股票代码:VLT,OTCQB:VLTLF,FSE:I2D)(“伏特“或”公司“)高兴地宣布完成了根据《国家文书43-101》编写的初步资源报告--《矿产项目信息披露标准》(“NI 43-101“)(”技术报告),表明推断的矿产资源量为430万吨碳酸锂当量(LCE“)在本公司的彩虹湖物业。

Key Highlights:

主要亮点

  • 4.3 million tonnes of LCE in the Inferred Mineral Resource category from the Devonian aged Sulphur Point, Muskeg and Keg River (the "Elk Point Group") aquifers.
  • Rainbow Lake Property has an estimated 99.0 billion barrels (15.7 billion cubic metres (m3)) of brine, more than 20 billion barrels higher than the 78 billion barrels previously estimated, with lithium concentrations as high as 121 mg/L and an estimated average associated lithium concentration of 51 mg/L.
  • The Inferred Mineral Resource equates to 215 times the estimated peak production of 20,000 tonnes per year, demonstrating the sheer size and scale of this lithium asset.
  • Results from Volt's current pilot project are anticipated before the end of Q2/23.
  • Volt's total land position at Rainbow Lake equals ~430,000 acres (~670 sections) and features over 1,300 producing wells from which to source brine.
  • Volt intends to focus development on those areas of its asset base featuring the highest lithium concentrations, including the regions highlighted on the map below, where testing demonstrated concentrations between 101 and 121 mg/L in the Muskeg Formation , levels that are expected to drive strong economic returns and robust cash flows.
  • 4.3百万吨泥盆纪古硫点、马斯凯格河和克格河推断的矿产资源类别中的LCE麋鹿点编组“)含水层。
  • 据估计,彩虹湖房产99亿桶(157亿立方米)3.))卤水,比之前估计的780亿桶高出200多亿桶,锂浓度高达121毫克/L估计平均伴生锂浓度为51 mg/L。
  • 推断的矿产资源相当于215《泰晤士报》这个估计最高产量为 每年2万吨展示了这种锂资产的巨大规模和规模。
  • Volt目前的试点项目预计会有结果在23年第2季度末之前
  • Volt在彩虹湖的总陆地位置等于~430000英亩(~670节)和功能完毕 1300口生产井从那里获取卤水。
  • Volt打算将开发重点放在其资产基础上具有以下特点的领域锂的最高浓度,包括下面地图上突出显示的区域,测试表明这些区域的浓度101至121毫克/L在马斯凯格阵营,预计将推动强劲的经济回报和强劲的现金流的水平。

"Receipt of this Technical Report represents a landmark milestone and defining moment for Volt as we confirm an estimated 4.3 million tonnes of LCE with concentrations as high as 121 mg/L across parts of our land base, underpinning our commitment to be an integral part of the clean energy transition," commented Alex Wylie, President and CEO of Volt. "With this Technical Report in hand, we have a strong foundation to continue developing our assets with the goal of increasing the resource estimate and further expanding our high lithium concentrations. We are at a true inflection point in Volt's journey as we advance our goal of becoming North America's first commercial producer of lithium from oilfield brine, which will set the stage for the Company to secure additional assets and oil and gas company partnerships where we can apply our proprietary technology to target the efficient and profitable extraction of lithium from brine."

Volt首席执行官兼首席执行官亚历克斯·怀利表示:“收到这份技术报告对Volt来说是一个里程碑式的里程碑和决定性时刻,因为我们确认了我们部分陆地基础上估计有430万吨浓度高达121毫克/L的LCE,巩固了我们作为清洁能源过渡不可或缺的一部分的承诺。”有了这份技术报告,我们就有了坚实的基础,可以继续开发我们的资产,目标是增加资源估计,进一步扩大我们的高锂浓度。我们正处于Volt旅程的真正转折点,我们正在推进我们的目标,即成为北美第一家从油田卤水中生产锂的商业生产商,这将为公司获得更多资产和石油和天然气公司合作伙伴关系奠定基础,在那里我们可以应用我们的专有技术,目标是高效和有利可图地从卤水中提取锂。

The Company would like to thank its staff and contractors for their diligence, tireless efforts and safe execution in achieving this significant corporate milestone, as well as the cooperation of the producing oil and gas partners across Volt's permit areas to obtain the brine samples.

该公司感谢其员工和承包商的勤奋、不懈的努力和安全的执行,以实现这一重要的公司里程碑,以及Volt许可地区的石油和天然气生产合作伙伴为获得盐水样本而进行的合作。

NI 43-101 Technical Report: Mineral Resource Estimate at Rainbow Lake Property

NI 43-101技术报告: 矿产资源评估在…彩虹湖酒店

The NI 43-101 Technical Report for the Rainbow Lake Property is being prepared and will be filed on SEDAR and the Company's website within the coming week, and no later than 45 days. Following is a summary of the key technical highlights from the Technical Report:

彩虹湖物业的NI 43-101技术报告正在编写中,并将在未来一周内(不迟于45天)在SEDAR和公司网站上提交。以下是技术报告中的主要技术要点摘要:

Qualified Persons

合格人员

The Resource estimate, along with various scientific and technical information in this press release, has been prepared by Volt's multi-disciplinary team of Meghan Klein, P.Eng and Doug Ashton, P. Eng of Sproule Associates Limited ("Sproule"), a global leader in subsurface fluid resource evaluations with over seventy years of experience. Dmitry Deryushkin. P. Geo., M.Eng and Jesse Williams-Kovacs, P.Eng. of Subsurface Dynamics Inc. co-authored the Technical Report and were responsible for the preparation and completion of the geological portion of the Technical Report including geomodelling. Each of the above persons meet the qualifications for a Qualified Person (QP) within the meaning of NI 43-101.

资源评估,以及本新闻稿中的各种科学和技术信息,是由Volt的多学科团队Meghan Klein,P.Eng和Sproule Associates Limited(“Sproule”)的Doug Ashton,P.Eng准备的,Sproule是地下流体资源评估的全球领先者,拥有70多年的经验。德米特里·德利乌什金。首页--期刊主要分类--期刊细介绍--期刊题录与文摘-期刊详细文摘内容地下动力公司的共同编写了该技术报告,并负责编写和完成该技术报告的地质部分,包括地质建模。上述人员均符合NI 43-101所指的合格人员(QP)资格。

Estimate Methodology

估算方法

The estimate was completed using volumetric analytics based on geological parameters that include aquifer geometry, porosity, permeability, pressure, and lithium concentrations. The mineral resource estimate benefited from a considerable amount of data compiled by the oil and gas industry and made public by the Government of Alberta.

这一估计是利用基于地质参数的体积分析完成的,这些参数包括含水层几何形状、孔隙度、渗透率、压力和锂浓度。矿产资源估计数得益于石油和天然气行业汇编并由艾伯塔省政府公布的大量数据。

Key data sets used to determine aquifer brine parameters in the resource area include:

用于确定资源区含水层卤水参数的关键数据集包括:

  • drill stem tests (pressure, water quality, and permeability),
  • core plug analyses (porosity and permeability),
  • core logging and facies description (geometry of the aquifer),
  • downhole wireline logs (lithology, total porosity, effective porosity, and permeability),
  • sampling compositional analysis (lithium concentration), and
  • historical production volumes of hydrocarbons and water (context for aquifer pressure and continuity).
  • 钻杆测试(压力、水质和渗透率),
  • 岩心塞分析(孔隙度和渗透率),
  • 岩心测井和相描述(含水层的几何形状),
  • 井下电缆测井(岩性、总孔隙度、有效孔隙度和渗透率),
  • 取样成分分析(锂浓度),以及
  • 碳氢化合物和水的历史生产量(与含水层压力和连续性有关)。

Within each of the three Elk Point Group aquifers, the lithium concentrations are as follows:

在Elk Point Group的三个含水层中,锂浓度如下:

  • Muskeg aquifer: concentrations in the range of 34.2 to 121.0 mg/L, with an average of 92.3 mg/L based on testing conducted by Volt and verified by third party labs, while Government Data was in the range of 36.0 to 52.0 mg/L with an average of 42.7 mg/L.
  • Keg River aquifer: concentrations in the range of 36.7 to 62.1 mg/L, with an average of 48.7 mg/L based on testing conducted by Volt and verified by third party labs, while Government Data was in the range of 32.0 to 54.0 mg/L with an average of 40.4 mg/L.
  • Sulphur Point aquifer: concentrations in the range of 29.0 to 51.0 mg/L with an average of 40.3 mg/L, based on Government Data.
  • 马赛克含水层:浓度范围为34.2至121.0毫克/L,并带有平均92.3毫克/L根据Volt进行的测试并经第三方实验室核实,而政府数据在36.0-52.0 mg/L之间,平均为42.7 mg/L。
  • 凯格河含水层:浓度范围为36.7至62.1毫克/L,并带有平均值为48.7毫克/升根据Volt进行的测试并经第三方实验室验证,而政府数据在32.0-54.0 mg/L之间,平均为40.4 mg/L。
  • P油膏含水层:浓度范围为29.0至51.0毫克/Lvbl.用一种.平均40.3毫克/L,基于政府数据。

A total of 41 samples of lithium measurements, including public and private data, were used to generate the estimated lithium concentration across the Rainbow Lake Property. Numerous lithium brine samples were available for all three formations in the area of interest, including both historical public samples, as well as samples that had been compiled for an open file report prepared by the Alberta Energy Regulator and Alberta Geological Survey, led by Lyster et al., and samples collected by Volt in 2022 and 2023.

总共有41个锂测量样本,包括公共和私人数据,被用来生成彩虹湖房产的估计锂浓度。在感兴趣地区的所有三个地层都有许多锂卤水样本,包括历史公开样本,以及为阿尔伯塔省能源监管机构和Lyster等人领导的艾伯塔省地质调查局编写的公开文件报告汇编的样本,以及Volt在2022年和2023年收集的样本。

To estimate a lithium Inferred Mineral Resource across the Rainbow Lake Property area, a volumetric analysis based on bulk rock volume, petrophysical properties, and lithium concentration data was used to define the initial estimates of reservoir in-place volumes. Based on sensitivity analysis, it is reasonable to expect that most of the Inferred Mineral Resource volume estimated can be moved into Indicated and Measured Resources as exploration activities, geomodel enhancements and additional statistical modeling resolve and manage uncertainties related to the geological parameters associated with the project.

为了估计彩虹湖产区的锂推断矿产资源,基于大量岩石体积、岩石物理性质和锂浓度数据的体积分析被用来确定储集层就地体积的初步估计。根据敏感性分析,有理由预期,随着勘探活动、地质模型改进和额外的统计建模解决和管理与项目相关的地质参数相关的不确定性,估计的大部分推断矿产资源量可以转移到指示和测量资源中。

As of the effective date of the Technical Report, Inferred Mineral Resources, estimated in accordance with NI 43-101 and using CIM definition standards (2014), and CIM (2012, 2019) and OSC (2011) guidance, and documented above are considered uncertain based on current known geological attributes across the Rainbow Lake Property to be defined as reserves. The mineral resources documented in this Technical Report do not demonstrate the economic viability necessary to be classified as mineral reserves at this time.

截至技术报告的生效日期,根据NI 43-101和CIM定义标准(2014)、CIM(2012、2019年)和OSC(2011)指南估计的推断矿产资源量,以及上述文件,根据彩虹湖地产目前已知的地质属性被认为是不确定的,将被定义为储量。本技术报告中记载的矿产资源目前尚不具备被归类为矿产储量所需的经济可行性。

About Volt

关于伏特

Volt is a lithium development and technology company aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine. Our strategy is to generate value for shareholders by leveraging management's hydrocarbon experience and existing infrastructure to extract lithium deposits from existing wells, thereby reducing capital costs, lowering risks and supporting the world's clean energy transition. With four differentiating pillars, and a proprietary Direct Lithium Extraction ("DLE") technology, Volt's innovative approach to development is focused on allowing the highest lithium recoveries with lowest costs, positioning us well for future commercialization. We are committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value. Investors and/or other interested parties may sign up for updates about the Company's continued progress on its website:

Volt是一家锂开发和技术公司,目标是成为北美第一家从油田卤水中生产氢氧化锂和碳酸锂的商业生产商。我们的战略是利用管理层的碳氢化合物经验和现有基础设施从现有油井中开采锂矿藏,从而为股东创造价值,从而降低资本成本,降低风险,支持世界清洁能源转型。凭借四个与众不同的支柱和专有的直接锂提取(“DLE”)技术,Volt的创新开发方法专注于以最低的成本实现最高的锂回收率,为未来的商业化做好准备。我们致力于高效运营,并保持所有业务领域的透明度,始终专注于创造长期、可持续的股东价值。投资者和/或其他感兴趣的各方可以在其网站上注册,了解公司持续进展的最新情况:

Contact Information

联系信息

For Investor Relations inquiries or further information, please contact:

如需投资者关系咨询或更多信息,请联系:

Alex Wylie, President & CEO
awylie@voltlithium.com
M: +1.403.830.5811

亚历克斯·怀利,总裁首席执行官
邮箱:awylie@voltlithium.com
M:+1.403.830.5811

Forward Looking Statements

前瞻性陈述

This news release includes certain "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. Statements, other than statements of historical fact, may constitute forward looking information and include, without limitation, statements about future exploration activities; the preparation and disclosure of a NI 43-101 technical report; the merits of the Rainbow Lake Project; the disclosure of additional technical information and recommended exploration activities for the Rainbow Lake Project; the financial position, assets, liabilities and loss position of Volt; Volt's future financial commitments; Volt's expected financial position and financial commitments following completion of the Acquisition; the satisfaction of closing conditions and completion of the Acquisition; the merits of the Acquisition; the ownership and management of the Company upon closing; the minerals targeted by Volt; that the Acquisition accelerates the execution of the Company's strategy; and the expected closing of the Acquisition. Forward-looking statements and forward-looking information also include any statements relating to future mineral production, liquidity, enhanced value and capital markets profile of Volt, future growth potential for Volt and its business, and future exploration plans. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions regarding, among other things, the closing of the Acquisition; the approval of the TSXV; and the ability of the parties to complete the Acquisition as contemplated in the Agreement. Assumptions have also been made regarding, among other things, the price of copper, lithium and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Volt's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms, that the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of well results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; inability to obtain TSXV approval on terms acceptable to the Company and the Vendors; inability to satisfy the closing conditions of the Agreement; inability to realize the expected synergies from the Acquisition; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; increased costs and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting the metals industry and increased competition in the metals industry for properties, qualified personnel, and management. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

本新闻稿包括适用于加拿大证券法的某些“前瞻性陈述”和“前瞻性信息”。在本新闻稿中使用“预期”、“相信”、“估计”、“预期”、“目标”、“计划”、“预测”、“可能”、“将会”、“可能”、“计划”以及类似的词语或表述,以识别前瞻性陈述或信息。除历史事实陈述外,其他陈述可构成前瞻性信息,包括但不限于有关未来勘探活动的陈述;NI 43-101技术报告的准备和披露;彩虹湖项目的优点;披露彩虹湖项目的额外技术信息和建议的勘探活动;Volt的财务状况、资产、负债和亏损状况;Volt未来的财务承诺;Volt完成收购后的预期财务状况和财务承诺;完成收购条件和完成收购的情况;收购的优点;完成收购后公司的所有权和管理;Volt瞄准的矿产;这项收购加速了公司战略的执行,以及收购的预期完成。前瞻性陈述和前瞻性信息还包括与Volt未来矿产生产、流动性、增强的价值和资本市场状况、Volt及其业务的未来增长潜力以及未来勘探计划有关的任何陈述。关于本新闻稿中包含的前瞻性信息,本公司已就收购的完成、TSXV的批准以及协议中预期的各方完成收购的能力等做出了许多假设。这些假设还包括但不限于铜、锂和其他金属的价格;新冠肺炎疫情的严重程度没有升级;勘探和开发成本;勘探项目开发的估计成本;Volt以安全有效的方式运营的能力和以合理条件获得融资的能力;该公司收到的地质、冶金、工程、财务和经济建议是可靠的,并且基于符合行业标准的实践和方法。虽然公司认为这些假设是合理的,但这些假设本身就受到重大不确定性和意外情况的影响,可能被证明是不正确的。此外,存在已知和未知的风险因素,可能导致公司的实际结果、业绩或成就与本文中包含的前瞻性信息明示或暗示的任何未来结果、业绩或成就大不相同。已知的风险因素包括,但不限于:商品价格和货币汇率的波动;与解释油井结果以及矿藏的地质、连续性和品位有关的不确定因素;资本和运营成本、回收率、产量估计和估计经济回报的估计的不确定性;无法以公司和供应商可接受的条款获得TSXV批准;无法满足协议的结束条件;无法实现收购的预期协同效应;政府机构在勘探和开发物业以及发放所需许可证方面需要合作;需要获得额外融资以开发物业;以及关于未来融资的可用性和条款的不确定性;勘探或开发计划或建设项目延迟的可能性,以及实现预期计划里程碑的不确定性;及时获得许可和其他政府批准的不确定性;由于遵守环境和其他要求而导致的成本增加和运营限制;影响金属行业的成本增加,以及金属行业对资产、合格人员和管理的竞争加剧。本文中的所有前瞻性信息均受本警示声明的约束,公司没有义务修改或更新任何此类前瞻性信息,也没有义务公开宣布对本文中包含的任何前瞻性信息的任何修改结果,以反映未来的结果、事件或发展,除非法律另有要求。


译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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