Rock Tech Conducting Trade-off Study of Electricity Supply Options for Georgia Lake
Rock Tech Lithium Inc.
600-777 Hornby Street | Vancouver | British Columbia | Canada | V6Z 1S4
P. +1.778.358.5200 | F. +1.604.670.0033
www.rocktechlithium.com | [email protected]
TSXV: RCK | Frankfurt: RJIB
Rock Tech Conducting Trade-off Study of Electricity Supply Options for Georgia Lake
Vancouver, BC, Canada – August 19, 2019 – Rock Tech Lithium Inc. (the "Company" or
“Rock Tech”) (TSX-V: RCK; Frankfurt: RJIB) announces that it is conducting a trade-off study
of the electricity supply options at its 100%-owned Georgia Lake lithium project in Ontario,
Canada.
The Province of Ontario is home to a robust and reliable electricity system that is powered by
very clean energy. In 2018, Ontario’s electricity system was over 93% carbon-free with 61% of
electricity coming from nuclear power plants. In addition, hydro power contributed 25% of
Ontario’s electricity needs with the remainder coming from wind, gas, solar and biomass.
“The location of our Georgia Lake lithium project provides us with many options for electricity
supply,” said Dirk Harbecke, Rock Tech’s chairman. “This lithium project has best-in-class
infrastructure with an existing 115 kilovolt transmission line less than 5 kilometres from the
preliminary site of spodumene concentration. Furthermore, the project is endowed with access
roads and in very close proximity to professional services and exploration personnel, railyards,
lines and the Port of Thunder Bay. The outlines of a transmission corridor established in the late
1950’s, when a production decision was made, remains. Both the transportation and transmission
corridors have already been secured and are part of our land package at Georgia Lake.”
Figure 1 – Transportation and Transmission Corridors
The trade-off study will include a comparison of capital and operating expenses of connecting to
the existing grid, managed by the Independent Electricity Supply Operator (“IESO”) and Hydro
One Networks Inc. (“Hydro One”), or purchasing from an Independent Power Producer (“IPP) in
conjunction with on-site power generation.
Rock Tech Lithium Inc.
600-777 Hornby Street | Vancouver | British Columbia | Canada | V6Z 1S4
P. +1.778.358.5200 | F. +1.604.670.0033
www.rocktechlithium.com | [email protected]
TSXV: RCK | Frankfurt: RJIB
All scientific and technical information in this news release concerning the Georgia Lake lithium
property was reviewed and approved by Karl-Stephan Peters, EurGeol 787, a qualified person
(QP) as defined under National Instrument 43-101.
Georgia Lake Lithium Project Infrastructure
The Georgia Lake lithium project has best-in-class infrastructure. The main resource zone is just
5 kilometres from the Trans Canada Highway with a series of logging roads providing year-
round access to all areas of the property. Furthermore, just 5 kilometres to the east is an existing
115 kV transmission line providing a grid connection. The neighbouring towns of Beardmore
and Nipigon provide ample housing, personnel and supplies. The world-class mining hub of
Thunder Bay, less than two hours by car, provides access to the Port of Thunder Bay, the
Figure 2 - Transmission corridor extending from main
resource zone to existing Hydro One powerline.
Rock Tech Lithium Inc.
600-777 Hornby Street | Vancouver | British Columbia | Canada | V6Z 1S4
P. +1.778.358.5200 | F. +1.604.670.0033
www.rocktechlithium.com | [email protected]
TSXV: RCK | Frankfurt: RJIB
Thunder Bay International Airport and all needed exploration, engineering and mining
professionals.
About the Georgia Lake Lithium Project
The Georgia Lake lithium project is a lithium-rich pegmatite vein deposit with measured and
indicated resources of 6.57 million tonnes grading 1.01% Li2O in addition to inferred resources
of 6.72 million tonnes grading 1.16% Li2O. The first PEA for the project, focused exclusively on
the main resource area which hosts less than 80% of total defined resources to date, was
published in October 2018. Highlights from the PEA included an NPV of $312 million and an
IRR of 62.2%. While the Georgia Lake lithium project has received extensive exploration and
development investment over the years, there remains extensive areas for future exploration and
discovery located both within and adjacent to the main resource area.
On behalf of the Board of Directors,
"Martin Stephan"
Martin Stephan
Director, Chief Executive Officer
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: [email protected]
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 a re intended to be, and are hereby identified as, "forward ‐looking statements". Forward‐looking statements
may be identified by words including "anticipates", "believes", "i ntends", "estimates", "expects" and similar e xpressions. 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.