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Advantage Lithium Commences FS on Cauchari Project, Appoints Project Leadership Team, Argentina

Published: December 19, 2018 |

[Click image to enlarge]

Advantage Lithium Corp. has engaged GHD, Chile S.A. to complete early engineering geared towards the completion of a feasibility study (FS) to be completed by June 2019 on its flagship Cauchari Project in Jujuy, Argentina.

This follows positive PEA outcomes and continued positive results in the phase III resource conversion program, on schedule to support the feasibility study delivery on time. The feasibility study will provide an appropriate engineering design to produce a Class 3 cost estimate (consistent with AACE principles) to build a standalone plant for 20 Ktpa of final Lithium product. A report on this work will be prepared in accordance with NI43-101 standards of disclosure and is scheduled for completion in June 2019.

“We are very pleased to commission GHD as engineering consultants to undertake this work, given their extensive expertise and current experience in this basin. With this engagement and with the benefit of experience from the Olaroz Lithium Facility, Advantage can proceed expeditiously through to the Feasibility Study, eliminating the need for an intermediate Preliminary Feasibility Study. As a result we can continue to fast-track the development of Cauchari by leveraging technical expertise and basin knowledge gained with our partner Orocobre. Furthermore, we are benefitting from the well-developed relationships that our partner has with local communities and government,” said David Sidoo, founder and CEO.

“I am also very pleased with the team that VP of Project Development, Andy Robb, has assembled. I believe we have put together a team that has the necessary experience to develop a project of this magnitude in the timeframe we envisage. The team has the proven technical, and management skills to make this a highly successful project for our shareholders and stakeholders in Jujuy Province, Argentina,” added Sidoo.

“The commencement of the Cauchari early engineering marks another key milestone in the Cauchari Project development following the PEA. We have almost completed our intensive phase III drilling program which is culminating in 30-day pumping tests on our main production targets in the NW Sector and the SE Sector deep sand. The results will feed in to an updated resource estimate in Q1 2019, which is expected to bring our resources into the Measured and Indicated categories,” said Andy Robb, VP of project development.

“We are now analysing our test results, along with our QP Flosolutions Chile, as input to the dynamic groundwater flow model, which in combination with the feasibility study engineering and economic assessment will define the brine reserve for the project,” added Robb.

KEY PROJECT TEAM ADDITIONS

With the project advancing to the feasibility study and towards project execution, the company had added the following key people to the project core management team in Argentina:

Carolina Carmona has joined the group as environmental services manager to manage the project permitting processes and provide oversight to the project environmental impact assessment (EIA) report, and other submissions, which are well advanced. She will also supervise on-site environmental management activities undertaken by the company. Carolina has extensive experience in the north of Argentina as a consultant, as well as working for mining companies and government agencies.

Alex Caqueo has joined the team as senior project scheduler to co-ordinate all aspects of the project development plan and execution schedule. Alex has an engineering background and has extensive experience in project management working for Enthalpy, Chile on various projects including for Codelco, the major Chilean copper company.

Dave Cross, has joined as CFO replacing Lindsay Murray. Mr Cross is a CPA, CGA and has more than 21 years of accounting experience. In the past Dave, has worked on and has extensive knowledge of complex accounting and reporting formats in both the oil and gas and specialty minerals sectors.

Carlos Perez joins the company as site manager to oversee site and camp activities as the project moves towards ultimate delivery. Carlos has extensive experience managing mining project activities in the north of Argentina.


About Advantage Lithium Corp.
Advantage Lithium Corp. is a resource company specializing in the strategic acquisition, exploration, and development of lithium properties and is headquartered in Vancouver, British Columbia. The company has acquired a 100 percent interest in four exploration projects in Argentina and has acquired a 75 percent interest in a fifth, called Cauchari. The Cauchari project is located just 20 km south of Orocobre’s flagship Olaroz Lithium Facility.

To stop by Advantage Lithium’s website, CLICK HERE


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