Rock Tech Files Revised Technical Report on SEDAR

(TheNewswire)

Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV:RCK ) (OTC:RCKTF) ( Frankfurt:RJIB) announces that, further to previous news releases on November 4, December 10 and December 18, 2020, the Company has filed a revised Technical Report on SEDAR

The Technical Report titled, "Preliminary Economic Assessment for an Integrated Lithium Hydroxide Operation from the Georgia Lake Lithium Project, Northwest Ontario, Canada" has an effective date of March 15, 2021, and is a revision of the Technical Report, with an effective date of October 30, 2020, previously filed on November 9, 2020.

A comparison of the March 15, 2021, Preliminary Economic Assessment ("PEA") and the previously filed Technical Report is presented in the following table:

	Technical Reports
	October 30, 2020	March 15, 2021
Resource Estimate:
Measured Resources	1.89 MT @ 1.04% Li2O	2.31 MT @ 1.04% Li2O
Indicated Resources	4.68 MT @ 1.00% Li2O	4.31 MT @ 0.99% Li2O
M+I Resources	6.57 MT @ 1.01% Li2O	6.62 MT @ 1.01% Li2O
Inferred Resources	6.72 MT @ 1.16% Li2O	6.68 MT @ 1.16% Li2O
Preliminary Economic Assessment:
Operating expenses (USD/tonne LiOH)	$5,956	$6,266
IRR (%)	24.2%	21.9%
IRR (% - after tax)	21.7%	19.6%
NPV (USD)	$335m	$289m
NPV (USD - after tax)	$270m	$230m

The PEA is preliminary in nature, includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

As part of the revised PEA, P&E Mining Consultants Inc. ("P&E") recommended and reviewed contemporary approaches to geostatistical Mineral Resource classification, the compliant cut-off grade determination from PEA parameters, recommended flatter open pit slopes and executable mine designs, and suggested minor modifications to the process plant flowsheet. These changes resulted in modest increases in both the confidence of the Mineral Resource at Georgia Lake and the estimated operating expenses per tonne of lithium hydroxide. While the revised operating expenses demonstrate the potential for Georgia Lake to be among the lowest cost producers of lithium hydroxide, the Company plans further optimization work as part of the planned Pre-Feasibility Study ("PFS") and is optimistic further improvements in operating expenses can be achieved.

The scientific and technical disclosure included in this news release has been reviewed and approved by Eugene Puritch, P.Eng, FEC, CET president of P&E and an independent Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects ("NI 43-101").

On behalf of the Board of Directors,

"Dirk Harbecke "
Dirk Harbecke
Chairman of the Board of Directors

For further information, please contact:

Brad Barnett
Chief Financial Officer
Rock Tech Lithium Inc.
777 Hornby Street, Suite 600
Vancouver, B.C., V6Z 1S4
Telephone: (778) 358-5200
Facsimile: (604) 670-0033
Email: bbarnett@rocktechlithium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward ‐ looking statements". Forward ‐ looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward ‐ looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward ‐ looking statements.

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Rock Tech Lithium TSXV:RCK Battery Metals Investing

CENTURY LITHIUM PROVIDES UPDATE ON THE FEASIBILITY STUDY

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or Company) reports that the Feasibility Study on the Company's Clayton Valley Lithium Project (Project), in Nevada, USA under the direction of Wood PLC and Global Resource Engineering Ltd., is currently under review by the Qualified Persons, and the Company anticipates its announcement imminently.

To date, the Company's Feasibility Study team has revised and updated estimates for a phased production approach at the Project. These revisions also included assessment and evaluation of the economic benefit of sales of the surplus sodium hydroxide produced by the chlor-alkali plant.

The Company's Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada is now in its third year of testing the processing of lithium-bearing claystone from the Project. All data collected has been essential to the Feasibility Study. Century Lithium continues to work toward permitting the Project including the collection of baseline data collection for biology, surface and groundwater hydrology, and social impacts. Earlier this year, baseline reports were submitted by the Company's consultants and were accepted by the appropriate government agencies. Multiple reports have been completed which will aide in the preparation of a Plan of Operations to initiate the National Environmental Policy Act (NEPA) process.

About Century Lithium Corp.

Century Lithium Corp. (formerly Cypress Development Corp.) is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA . Century Lithium is currently in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Lithium Extraction Facility in Amargosa Valley, Nevada and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF Century Lithium CORP.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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SOURCE Century Lithium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/19/c7578.html

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Rock Tech Files Revised Technical Report on SEDAR

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