Grounded Lithium Corp. announced completion of the 2024 field program and provides an update on the ongoing Pre-Feasibility Study ("PFS") for the Kindersley Lithium Project ("KLP"). The Company, together with its strategic partner Denison Mines Corp.
("Denison"), completed a field drill program at the KLP's original 4-15-33-23W3 well (the "4-15 Well") successfully re-entering and extending the well achieving several defined objectives. Further, as part of the PFS preparation, the Company and Denison commenced extensive metallurgical testing and a depletion modeling exercise. The 4-15 Well was re-entered and deepened by 100 meters and subsequently tested for lithium concentrations and flow rates at a number of specific intervals across the entire Duperow formation, including newly accessible lower horizons.
Previous test work focused on a single 178 metre thick interval considered to provide the greater deliverability of lithium-rich brine. These recent activities confirmed many of the preliminary understand but more importantly, allowed the Company and Denison to identify additional deliverability and extract large brine volumes from the formation for planned metallurgical testing. 11 intervals across the Duperow formation were tested for flow capabilities and lithium concentrations with samples sent to three independent labs for confirmation of lithium and ion concentrations; Test results confirmed lithium concentrations from zones previously tested at 76.5 milligrams/litre; Tests of the newly drilled lower zone, in the base of the Duperow formation, demonstrated high additional deliverability with lithium brine concentrations at 66 milligrams/litre, which has the potential to contribute to the overall deliverability of the KLP.
