Rock Tech Lithium Inc reports that an NI 43-101 Technical Report completed by DMT GmbH has been filed on SEDAR. The Technical Report, a PEA, assesses the economic potential at Rock Tech’s flagship 100%-owned Georgia Lake lithium property in the Thunder Bay Mining District of northwest Ontario, Canada.The results of the PEA include a pre-tax NPV of $312 million at a discount rate of 8% and a pre-tax IRR of 62.2%. The PEA focused on only a portion of the Georgia Lake project centred around an area referred to as the Nama Creek Main Zone, excluding additional inferred resources the company has defined on other areas of the property as included in the updated resource estimate disclosed on June 27, 2018 and filed on SEDAR on August 10, 2018. In the PEA, DMT covered all relevant topics for the development of the mine and the production of spodumene concentrate, including project infrastructure, mine design and operations, recovery, processing and reclamation.“The completion of the PEA is a key milestone in the development of our Georgia Lake lithium property,” said Martin Stephan, CEO of Rock Tech. “We are pleased that the results confirm our optimism with respect to the project and confirm for our shareholders that their investments in advancing this project have been a success. Although the PEA focused only on a portion of our NI 43-101 resource estimate, it shows the real value of our company’s assets and proves the excellent profit potential with an expected annual EBITDA of C$64 million which is nearly double the current market capitalization.”Highlights from the PEA, with the base-case chemical grade spodumene concentrate of 6.2% lithium oxide (Li2O) price of $800/t for the first five years and $850/t for the next six years and an exchange rate of $1.30 US$/C$, are as follows:•Life of mine revenue is C$1,136 million•Annual EBITDA is C$64.2 million•Pre-production capital is C$65.3•Sustaining capital is C$62 million•Pre-tax NPV (8% discount rate) of C$312 million and an IRR of 62.2%•Positive cash flow is realized in Year 3 of the project•11-year mine life including open pit and underground operations for the Main Resource Zone•Total production of 1.1 Mt of chemical grade spodumene concentrate of 6.2% Li2O (96.000 t/y).