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American Lithium has provided an updated mineral resource estimate its Falchani project that showed a significant increase in contained lithium from the previous MRE in March 2019.
Compared to the previous estimate, the base case cut-off grade has been lowered to 600 ppm Li from 1,000 ppm, based on strong project economics specifically updated operating costs and $20,000/tonne lithium carbonate selling price. “We are extremely pleased with the results of our EIA drill program and the very large increase in resources at Falchani which includes, doubling the contained lithium,” American Lithium CEO Simon Clarke, said in a news release. “Falchani is now one of the largest hard rock lithium projects globally with the ability to produce high-purity battery-grade lithium carbonate.”
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