Canadian-based American Lithium Corp. has commenced the environmental work required for a pre-feasibility study (PFS) on the Falchani lithium project in southeastern Peru with the initiation of an environmental impact assessment (EIA) with SRK Peru.
The EIA process will run in parallel with work to update the company’s existing preliminary economic assessment on Falchani. American Lithium said it believes that both of these steps will position it to fast-track a PFS on the advanced-stage project.
The SRK-led EIA will provide all environmental work needed to complete the PFS, including enabling any additional drilling required. Lima-headquartered EDASI SAC has been contracted to begin detailed hydrological/hydrogeological studies at Falchani, focusing within 150 meters of the surface to investigate water table parameters.
American Lithium CEO Simon Clarke said “…subject to final permits, the imminent launch of the hydrological work at Falchani should enable us to segue nicely into our planned infill and extension drilling at Falchani /Tres Hermanas, which will drive resource reclassification and expansion in an updated PEA on Falchani.”
“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…”.
The Falchani project is the sixth largest hard-rock lithium deposit in the world.
Source: American Lithium