Metallurgical studies have revealed lithium recovery rates of better than 90% from the TLC claystone after ten minutes. The inferred portion contains 362,000 tonnes grading 912 ppm lithium, containing the equivalent of 1.7 million tonnes of lithium carbonate. TLC’s measured and indicated resources stand at 1.1 million tonnes grading 919 ppm lithium, containing the equivalent of 5.4 million tonnes of lithium carbonate. Such information was used to produce a resource estimate in 2020 for a near-surface deposit mineable with a low strip ratio. Spectrographic analysis by the company identified samples as high as 2,450 ppm lithium. Grab samples assayed as high as 1,690 ppm lithium. The results of those tests will help finalize the flowsheet of the processing plant and be used to produce a preliminary economic assessment in the second quarter of this year.ĭrilling at TLC in 2019 returned samples that assayed up to 2,285 parts per million (ppm) lithium with numerous samples over 1,600 ppm lithium. It will also dig five test pits to collect samples for metallurgical testing. Bureau of Land Management approved the TLC operations plan, and American lithium began a 95-hole drill program. (Selection is based on year-over-year performance across three equally weighted criteria: market capitalization growth, share price appreciation and trading volume for the year ended December 31, 2020.)Īt the TLC project last year, metallurgical studies were completed, water rights secured, a baseline biological study done, and a plan of operations was filed. American Lithium was also named to the 2021 TSX Venture 50, an annual ranking of top performing listed companies on the TSX Venture Exchange. Last year was transformational for American Lithium as it acquired Plateau Energy Metals, which owned the Falchani lithium and Macusani uranium projects in Peru. The TLC project, located near the regional hub and county seat in the town of Tonopah, Nevada.
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