American Lithium - CEO, Simon Clarke.
CEO, Simon Clarke.
Source: Grit Daily.
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  • American Lithium (LI) has initiated pre-feasibility work at the Falchani Lithium Project in Peru
  • This includes environmental impact assessment (EIA) and hydrological/hydrogeological work to clear the way for additional drilling
  • The company plans to update Falchani’s preliminary economic assessment (PEA) by year end
  • American Lithium acquires, explores and develops lithium projects throughout the Americas
  • American Lithium (LI) is down by 4.3 per cent trading at $1.78 per share

American Lithium (LI) has initiated pre-feasibility work at the Falchani Lithium Project in Peru.

The company has begun an EIA with SRK Peru, which will run in parallel with updates to Falchani’s PEA throughout this year.

EDASI SAC will immediately begin detailed hydrological/hydrogeological studies at Falchani focusing on water table parameters of the upper 150 m below surface. The objective of the studies is to establish the presence or absence of surface and subsurface water within the project area, as well as to measure flow rates and flow direction.

The company has submitted for relevant permitting in anticipation that the EIA will enable any additional drilling required for pre-feasibility to occur in Fall 2022.

American Lithium plans to launch infill and extension drilling in and around the Falchani Deposit once hydrological/hydrogeological studies are finalized over the next few weeks.

“We believe the EIA work being undertaken, combined with the work we are doing to update the existing PEA on Falchani, will further demonstrate the quality and scale of this high-purity lithium deposit and will position the company to fast-track a pre-feasibility study,” stated Simon Clarke, CEO of American Lithium.

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

American Lithium (LI) is down by 4.3 per cent trading at $1.78 per share as of 10:30 am EST.

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