Name of the Project
Falchani lithium project.

Location
Puno, south-western Peru. 

Project Owner/s
American Lithium Corp.
 
Project Description
An updated preliminary economic assessment (PEA) has demonstrated that, with low initial capital expenditure, the project can potentially become a substantial, low-cost, long-life producer of high-purity lithium carbonate equivalent and a producer of sulphate of potash and cesium sulphate by-products, alongside lithium carbonate equivalent.
 
The PEA reports that the project is highly amenable for development by conventional openpit, drill-and-blast, and truck-and-shovel methods.

Envisaged is a mine and processing operation producing 2.64-million tonnes of lithium carbonate equivalent over a life-of-mine of 43 years.

Average steady-state production is estimated at 23 145 t/y of lithium carbonate equivalent in Phase 1, 45 084 t/y in Phase 2 and 72 624 t/y in Phase 3.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The pretax net present value is estimated at $8.41-billion, at an 8% discount rate. The pretax internal rate of return is estimated at 40.7%. Initial payback is estimated at 2.5 years.

Capital Expenditure
Phase 1 is estimated at $681-million.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
DRA Global.

Contact Details for Project Information
American Lithium Corp, tel +1 604 428 6128 or email info@americanlithiumcorp.com.