Source: American Lithium.
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  • American Lithium (LI) has begun hydrology drilling for an environmental impact assessment (EIA) at its Falchani Lithium Project in Peru
  • The program consists of 10 vertical holes up to 150 m in depth within and adjacent to the Falchani resource footprint
  • DRA Global and Stantec will update the preliminary economic assessment (PEA) for Falchani to include sulphate of potash and cesium, higher lithium carbonate prices and current drilling results
  • American Lithium acquires, explores and develops lithium projects throughout the Americas
  • American Lithium (LI) closed down by 0.69 per cent trading at $2.89 per share

American Lithium (LI) has begun hydrology drilling for an EIA at its Falchani Lithium Project in Peru.

The program consists of 10 vertical holes up to 150 m in depth within and adjacent to the Falchani resource footprint.

The company will also install downhole piezometers to monitor water table and local groundwater parameters.

In conjunction with EIA work, American Lithium intends to launch an infill and expansion drilling program in and around the Falchani Deposit as final permits are granted.

Additionally, the company has engaged DRA Global and Stantec to jointly produce an updated PEA for Falchani. The updated PEA will incorporate sulphate of potash and cesium by-products, the increase in lithium carbonate pricing and current drilling results.

“We are very excited to be diamond drilling again at Falchani for the first time since before COVID-19,” stated Simon Clarke, CEO of American Lithium. “We are also pleased that this work and other recent successes will allow DRA Global to update the Falchani PEA. We anticipate this update will build on and improve the already robust economics of the original PEA and will further highlight the quality and scale of this large lithium deposit.”

American Lithium acquires, explores and develops lithium projects throughout the Americas.

American Lithium (LI) closed down by 0.69 per cent trading at $2.89 per share.


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