Lithium Americas Corp. Engages WorleyParsons Group to Complete PFS on Lithium Nevada Project
- Assembled a strong technical team with experience in the lithium industry, project engineering and geology.
- Advancing a scalable process to produce lithium hydroxide from lithium-bearing claystone.
- Conducting an exploration program with the objective of expanding and upgrading the existing NI 43-101 compliant resource.
- Engaged WorleyParsons to complete a NI 43-101 Preliminary Feasibility Study (PFS) by the end of Q2 2018.
- Approved budget of US$10.5 million through to 2018 for the 100%-owned Lithium Nevada Project.
- Examining future strategic partnership/financing alternatives to collaborate and develop the Lithium Nevada Project.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 23, 2017) - Lithium Americas Corp. (TSX:LAC) (OTCQX:LACDF) ("Lithium Americas" or the "Company") is pleased to provide an update on the Lithium Nevada Project (the "Lithium Nevada Project") located in Nevada, USA. The Company is developing the 100% owned Lithium Nevada Project, a clay-based lithium resource in the McDermitt Caldera, through its wholly owned subsidiary, Lithium Nevada Corp. ("Lithium Nevada"). Building on years of exploration and testing, a Preliminary Feasibility Study (the "PFS") on the Lithium Nevada Project is expected to be complete by the end of Q2 2018 to demonstrate the economic potential of producing lithium hydroxide from lithium-bearing claystone.
- Dr. David Deak, DPhil - President of Lithium Nevada and CTO of Lithium Americas - has built his career on emerging technologies and supply chain development in renewable energy, energy storage, and electric vehicles. David's responsibilities include oversight of the overall development of Lithium Nevada.
- Dr. Rene LeBlanc, PhD - Senior Process Development Manager - over 10 years of experience as a senior process development engineer at FMC Corporation's lithium division in Bessemer City, North Carolina and most recently at Tesla, Inc. Rene is focused on flowsheet development and overall management of the PFS.
- Mr. Doug Morgan - Senior Process Engineer - over 30 years of experience in various chemical engineering roles, including six years as senior engineer at Rockwood Lithium (now Albemarle Corporation) based in Silver Peak, Nevada. Doug's focus is on process technology development, testing, and flowsheet validation.
- Ms. Catherine Clark - Environmental Director - over 30 years of experience in project management and development, and environmental regulatory compliance. Catherine serves as the Environmental Committee Chairperson at the Nevada Mining Association and is focused on accelerating the permitting process for the Lithium Nevada Project.
- Mr. Randal Burns - Senior Mining Geologist - over 10 years of experience in mining geology, including resource drilling, metallurgical testing and ore control for a highly clay-altered porphyry copper deposit, at Robinson Nevada Mining Co. in Nevada. Randal is focused on exploration, resource expansion, and block modeling.
- Mr. Chaitanya Sharma, PE - Senior Systems Engineer - energy and mechanical engineer with experience in battery manufacturing and plant design, including a leadership role in designing the mechanical and process systems at Tesla, Inc.'s Gigafactory in Nevada. Chaitanya's role is to optimize mine site mechanical and energy systems, with a focus on energy efficiency, reduction, and recovery.
- Ms. Melissa Boerst - Exploration Geologist - analytical geochemistry and QA/QC. Melissa leverages her years of experience in managing analytical laboratories and mine site exploration to maintain quality on our exploration program.
- Dr. Thomas Benson, PhD - Geologist / Volcanologist Advisor - recently joined Lithium Nevada having been awarded a PhD from Stanford University where he specialized in lithium-bearing clay exploration from super-volcanoes. Tom brings a highly-specialized skill set that will assist in potentially expanding the resource at the Lithium Nevada Project and in identifying new exploration targets.
- the characterization and beneficiation of ore;
- optimizing leaching and recovery conditions of lithium from claystone; and
- purification and production of high-value lithium compounds.
The Lithium Nevada Project's lithium clay resource is the largest known lithium resource in the United States, and is unconfined by drilling. An exploration program commenced in 2017 at the Lithium Nevada Project (the "2017 Exploration Program") consisting of drilling and seismic work. The purpose of the 2017 Exploration Program is to: (1) increase the confidence of the identified resource, (2) potentially expand the size of the resource, and (3) better understand areas that are unconfined by drilling.
|Measured and Indicated||214,799||2,910||0.291||0.624||3,332|
|1.||Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves.|
|2.||Resources presented at a Li% 0.20 [0.431% Li2O] cut-off grade which was determined using the following economic assumptions: US$3.36 Li carbonate/lb; 87.2% metallurgical recovery; US$66/tonne ore processed; US$2.75/tonne material moved|
Lithium Nevada is in the process of completing a PFS compliant with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") to demonstrate the economic potential of extracting lithium hydroxide from claystone. The PFS is expected to be completed by the end of Q2 2018.The Advisian WorleyParsons Group ("WorleyParsons") has been appointed to lead the PFS and project design. WorleyParsons is a global full-service engineering firm with extensive experience in lithium project design, construction, and preparing NI 43-101 compliant reports. WorleyParsons will focus on project infrastructure, mineral processing and metallurgical testing, capital and operating costs and project economics. Mining Plus Pty Ltd., a sub-contractor to WorleyParsons, will focus on potential mineral reserve estimates and mining methods. Mining Plus is a fully integrated global mining consultancy that has experience in open pit mining, including the development and operation of large-scale lithium mining projects in Australia.
Consistent with Lithium Americas' focus on environmental sustainability, Lithium Nevada and the University of Nevada, Reno ("UNR") have founded the Rangeland Rehabilitation Research Fund (the "Fund"). The Fund's mission is to improve sagebrush habitat through effective habitat rehabilitation methods. The Fund will be administered by UNR. Lithium Nevada is providing the seed financing to kick-start the long-term initiative and is entitled to one nominee on Fund's board of directors. It is expected that other industry partners will participate and expand the research program. More details can be found at https://www.unr.edu/cabnr/gbsr-fund.
- Q4 2017 / Q1 2018 - complete 2017 Exploration Program.
- Q1 2018 - finalize process testing.
- Q1 2018 - advance additional baseline environmental surveys.
- Q2 2018 - complete PFS, including updated resource and reserve estimates.
- H2 2018 - initiate major mine plan permitting.
- H2 2018 - commence detailed engineering.