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Lithium Chile Inc. Contracts Ausenco Engineering to Complete its Prelinary Economic Assesment Report on the Salar de Arizaro, Argentina
(TheNewswire) CALGARY, ALBERTA - TheNewswire - February 22, 2023 – ...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Inc. Contracts Ausenco Engineering to Complete its Prelinary Economic Assesment Report on the Salar de Arizaro, Argentina \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CALGARY, ALBERTA -\n \n \n TheNewswire -\n \n \n February 22, 2023 –\n \n \n Lithium Chile Inc.\n \n \n (“\n \n \n Lithium Chile\n \n \n ” or\nthe “\n \n \n Company\n \n \n ”)\n \n \n (TSX:LITH) (OTC:LTMCF)\n \n \n is pleased to announce that AUSENCO\nEngineering (“\n \n \n AUSENCO\n \n \n ”) has been selected to co-ordinate\nand produce the Company’s Preliminary Economic Assessment\n(“\n \n \n PEA\n \n \n ”) report.  The\n \n \n PEA\n \n \n is designed to define the economic\nparameters and commercial potential for Lithium Chile’s Argentinian\nbased Salar de Arizaro project (the “\n \n \n Project\n \n \n ”). The PEA\nwill investigate all aspects of going into production including\nlithium carbonate plant construction, metallurgy, resources quantities\nand production potential. The PEA will be based on a first 25,000\nmetric tonne per year production plant with design focused on the\nability to double production via a second 25,000 tonne/year module.\nAUSENCO will require approximately six months to complete the PEA with\nresults expected to be published during Q3 2023. The second 25,000\nmetric tonne per year module will be included in the study for\nimplementation after the plant has reached steady-state\nproduction.\n \n \n \n \n The PEA is designed to provide important pieces of\ninformation pertaining to the economic potential of the Salar de\nArizaro Project, enabling Lithium Chile to transition from a resource\nto production company. Obtaining a clear idea of the Salar de\nArizaro’s commercial potential will contribute significantly to\nshareholder value.\n \n \n \n \n The PEA will provide the basis, along with an\nEnvironmental Impact study, for Lithium Chile to file for production\npermits for the Arizaro project.  Lithium Chile anticipates that in\nconjunction with the PEA’s completion, permitting applications will\nbe filed with the Ministry of Mining Salta, Argentina early in Q3 as\nwell.\n \n \n \n \n \n \n Steve Cochrane, CEO, comments “This is a significant\nstep fo...