American Lithium Corp. (TSXV: LI | Nasdaq: AMLI | Frankfurt: 5LA1) has now completed and submitted the Semi-Detailed Environmental Impact Assessment Study for the Falchani Lithium Project in Southern Peru to the Ministry of Energy and Mines. The EIA-sd commenced in July 2022 with SRK Peru leading the process and EDASI SAC providing environmental services including detailed hydrological/hydrogeological studies at Falchani.
The filing of the EIA-sd was achieved ahead of schedule. With the filing acknowledged by MINEM, regulatory approval for the EIA-sd is anticipated in the coming months. It is expected that the Final EIA Study, which will enable construction and production at Falchani, will be filed and approved following the completion of the Pre-Feasibility Study and following submission and approval of detailed plans for mining and processing.
The EIA-sd provides a framework for approval of all major phases required to finalize the development of Falchani from mining reserve definition to completion of mine construction and is a critical part of mine permitting in Peru. Its approval should enable fast-tracking of full permits for building the mine, processing facilities, and tailings disposal.
Additionally, the EIA-sd provides authority to drill up to 420 drill platforms across the Falchani Project, with no additional drill permits required and enables the drilling of several additional strategic holes, building on the drilling done earlier this year under the hydrogeological permit, which is part of the EIA process.
The completion of the Final EIA Study will follow conversion of measured and indicated resources to proven and probable reserves as part of the PFS and will enable the move to production at Falchani.
Simon Clarke, CEO of American Lithium states, “This is another major milestone for American Lithium. The EIA process was launched during the prior government at a difficult time for permitting in Peru and it is a testament to the hard work of our Peru team that we were able to advance the Falchani Project in such a material way. I would also acknowledge the support of the new authorities in Peru in helping us fast-track this process with the common goal of seeing lithium production in the country as quickly as reasonably possible. With this approval, we will now be able to complete our PFS and move rapidly into the mine permitting process.”
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