At the Kings Valley lithium project located in Nevada, owners Western Lithium Corporation have completed a positive pre-feasibility study.
The report found that the Kings Valley mine has NI 43-101 compliant resources of 27.1 million tonnes grading at a 0.320 percent lithium cut-off, with 0.395 percent lithium, 3.88 percent potassium and 1.36 percent sodium.
The study was conducted by a collaboration of specialist firms such as Tetra Tech, Inc., Reserva International, LLC and K-UTEC AG Salt Technologies. It was done as per the Canadian securities National Instrument 43-101 and Form 43-101F1 regulatory requirements.
Jay Chmelauskas, President of Western Lithium, said that electric car owners are moving to automobile center stage and that the company’s Nevada deposit was now showing great potential. He added that the production of lithium in Nevada not only has the benefit of long-term mining and chemical industry jobs, but also has the potential to support downstream technology and manufacturing jobs in America. Lithium is the enabling metal for electric transportation.
The next milestones for the project will include the submission of the Plan of Operations to the Bureau of Land Management initiating the formal permitting process (Q1 2012), starting construction of a lithium carbonate demonstration plant, and commencing work on a definitive feasibility study in 2012.