Rather the figures comply with the U.S. S-K 1300, which the company says is “similar to a preliminary economic assessment”.
The Tonopah Flats claystone is one of the largest lithium resources in the United States. The measured and indicated resource is 3.16 million tonnes averaging 596 ppm lithium and containing 11.4 million tonnes of lithium hydroxide monohydrate (LHM). The inferred resource is 2.93 billion tonnes averaging 550 ppm lithium, containing 21.2 million tonnes LHM.
American Battery believes that over the 50-year mining period, about 540,000 tonnes of claystone will be treated annually.
The company plans to use its own dilute acid leaching lithium extraction process that has demonstrated recoveries lithium over 90%. It has also validated in-house lithium hydroxide manufacturing techniques. Annual LHM production will be 30,000 tonnes of LHM.
