On 9th June, 2023, American Battery Materials, Inc. (“ABM”, the “Company”), an ecologically responsible minerals exploration and development company concentrated on direct lithium extraction (DLE) and other critical minerals for the global energy transition, declared the release of a new Technical Report Summary dedicated itself on Lisbon Valley Project of ABM, which is in San Juan County, Utah.
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Technical Report Highlights:
- Direct Lithium Extraction (DLE) remains a feasible approach for the property site in exploration and processing.
- There are considerable signs that lithium mineralization happens under the subject property.
- Currently, according to Bureau of Land Management (BLM) records, ABM claims are in good standing.
- The target deposit model of ABM is identical in noticeably all respects to that of Anson Resources Limited, an Australian-based company situated 50 miles northwest of ABM’s claim block and focused on lithium exploration in the Paradox Basin.
This latest technical report summary highlights the scope of the opportunity and the progress we are making towards direct lithium extraction related to our Lisbon Valley Project. We enter the next phase of development with all key indicators pointing strongly in the right direction and look forward to our upcoming test drilling to drive further technical validation.
Sebastian Lux, Co-CEO, American Battery Minerals
To document the advance on the property, the operational date of the Report is May 15, 2023, and was authored by Bradley C. Peek MSc., CPG with Peek Consulting, Inc. The 74-page Report has been written as per the US Securities and Exchange Commission’s Subpart 1300 of Regulation S-K for a Technical Report Summary.
Summary Highlights from American Battery Materials, Inc. May 15, 2023, Technical Report
- The Lisbon Lithium Project property comprises 120 placer mining claims staked on US Government land directed by the US Bureau of Land Management. With the BLM, all 120 claims are in good standing.
- It is hoped that there is a considerable sign that lithium mineralization in brines happens under the subject property—from the ABM Technical Report author’s review of the data. The current evidence depends on ABM’s well log analysis and a considerable number of other studies with lithium analyses from the Paradox Basin.
- It is believed that the target tonnages and grades for the Lisbon Lithium Project will be identical to those reported by Anson, which are around one billion tons of brine at +100 ppm Li for a prospective one million tons of LCE. Also, there is considerable proof that other valued minerals other than lithium, like magnesium, potassium, calcium chloride, bromine, iodine, and boron, may also be recoverable from the brines.
- ABM has found an appraisal and development program for its claims that is exclusive. This data will be revealed in an advanced technical report after the appraisal wells are drilled and individual zones are found and completely evaluated. To assist with drilling, completion, and review of test outcomes, ABM has retained a third-party consulting firm for the two appraisal wells.
Source: https://www.americanbatterymaterials.com/