Business
Grounded Lithium Announces Development Plan to Support Upcoming Preliminary Economic Assessment
Grounded Lithium Announces Development Plan to Support Upcoming Preliminary Economic Assessment ...
About this update from Grounded Lithium Corp
[{"type":"text","content":"\n \n \n \n Grounded Lithium Announces Development Plan to Support Upcoming Preliminary Economic Assessment\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Feb. 8, 2023\n \n \n /CNW/ - (TSXV: GRD) (OTCQB: GRDAF) - Grounded Lithium Corp. (\"\n \n GLC\n \n \" or the \"\n \n Company\"\n \n ) is pleased to announce our intended field development plan for our first 10,000 metric ton/yr phase at the Kindersley Lithium Project (\"\n \n KLP\n \n \") located in\n \n Western Saskatchewan\n \n . The development plan relies on and considers such factors as production testing, extensive dynamic fluid modeling, present land configuration, land tenure, topography, best practices in reservoir development and infrastructure availability. This entire analysis will contribute to the completion of our Preliminary Economic Assessment (\"\n \n PEA\n \n \") on phase one of the KLP expected to be completed during Q2 2023.\n \n \n \n Highlights of Field Operational Plan\n \n \n \n \n Producing wells - only 24 additional producing wells planned given strong grade and deliverability characteristics of the reservoir;\n \n \n \n \n Disposal wells - 5 injector wells;\n \n \n \n \n Pipelines - given strong reservoir characteristics resulting in a relatively small number of wells, only 70 kilometers of buried brine capable pipelines should be required, significantly limiting surface disturbance; and\n \n \n \n \n Central processing facility (\"\n \n CPF\n \n \") – an appropriately sized CPF will take advantage of economies of scale during construction. Our CPF avoids incremental capital often associated with removal of contaminants in the brine, such as trace hydrocarbons and/or H\n \n 2\n \n S gases, as these are not expected to be present in GLC's intended drill horizon.\n \n \n \n This proposed development plan is best depicted by the following graphic, which can also be found in our latest corporate presentation on our website. (\n \n www.groundedlithium.com\n \n )\n \n \n \n \n \n \n \n \n \n \"From our ...