TSX Venture Exchange Symbol : AAL
VANCOUVER, Dec. 12, 2018 /CNW/ - Advantage Lithium
Corp. (the "Company" or "Advantage Lithium") (TSX Venture:
AAL) (OTCQX: AVLIF) is pleased to announce that it has
engaged GHD, Chile S.A. to complete early engineering geared
towards the completion of a Feasibility Study (FS) to
be completed by June 2019 on its
flagship Cauchari Project in Jujuy, Argentina. This follows positive PEA outcomes
and continued positive results in the phase III resource conversion
program, on schedule to support the Feasibility Study delivery on
time. The Feasibility Study will provide an appropriate engineering
design to produce a Class 3 cost estimate (consistent with AACE
principles) to build a standalone plant for 20 Ktpa of final
Lithium product. A report on this work will be prepared in
accordance with NI43-101 standards of disclosure and is scheduled
for completion in June 2019.
David Sidoo, Founder and CEO,
commented ". We are very pleased to commission GHD as
engineering consultants to undertake this work, given their
extensive expertise and current experience in this basin. With this
engagement and with the benefit of experience from the Olaroz
Lithium Facility, Advantage can proceed expeditiously through to
the Feasibility Study, eliminating the need for an intermediate
Preliminary Feasibility Study. As a result we can continue to
fast-track the development of Cauchari by leveraging technical
expertise and basin knowledge gained with our partner Orocobre.
Furthermore, we are benefitting from the well-developed
relationships that our partner has with local communities and
government."
"I am also very pleased with the team that VP of Project
Development, Andy Robb, has
assembled. I believe we have put together a team that has the
necessary experience to develop a project of this magnitude in the
timeframe we envisage. The team has the proven technical, and
management skills to make this a highly successful project for our
shareholders and stakeholders in Jujuy Province, Argentina."
Andy Robb, VP of Project
Development, commented "The commencement of the Cauchari early
engineering marks another key milestone in the Cauchari Project
development following the PEA. We have almost completed our
intensive phase III drilling program which is culminating in 30-day
pumping tests on our main production targets in the NW Sector and
the SE Sector deep sand. The results will feed in to an updated
resource estimate in Q1 2019, which is expected to bring our
resources into the Measured and Indicated categories. We are now
analysing our test results, along with our QP Flosolutions Chile,
as input to the dynamic groundwater flow model, which in
combination with the feasibility study engineering and economic
assessment will define the brine reserve for the project."
Selection of Feasibility Study Engineering
Consultants
Advantage applied a rigorous process to identify and select
suitable partners to assist in the development of its Cauchari
project. In that process, GHD were selected from other
pre-qualified global engineering firms as the best fit for
Advantages' development plans, to complete the early engineering
and establish a project execution plan to achieve first production
in Q3 2021 and full post ramp-up production in 2023.
About GHD
GHD is one of the world's leading professional services
companies operating in the global markets of energy and resources,
water, environment, property and buildings, and transportation.
Established over ninety years ago and privately owned by
its employees, GHD delivers engineering, architecture,
environmental and construction services to public and private
sector clients across five continents and the Pacific region.
Committed to creating lasting community benefit, GHD connects the
knowledge, skill and experience of nearly 10,000 diverse people
with innovative practices, technical capabilities and robust
systems. www.ghd.com
Building Capability – Key Project Team Additions
With the project advancing to the Feasibility Study and towards
project execution, the Company is pleased to welcome the following
key people to the project core management team in Argentina:
Carolina Carmona has joined the
group as Environmental Services Manager to manage the project
permitting processes and provide oversight to the project
environmental impact assessment (EIA) report and other submissions,
which are well advanced. She will also supervise on-site
environmental management activities undertaken by the Company.
Carolina has extensive experience in the north of Argentina as a consultant, as well as working
for mining companies and government agencies.
Alex Caqueo has joined the team as Senior Project Scheduler to
co-ordinate all aspects of the project development plan and
execution schedule. Alex has an engineering background and has
extensive experience in project management working for Enthalpy,
Chile on various projects
including for Codelco, the major Chilean copper company.
Dave Cross, has joined as CFO
replacing Lindsay Murray. Mr Cross
is a CPA, CGA and has over 21 years of accounting experience. In
the past Dave, has worked on and has extensive knowledge of complex
accounting and reporting formats in both the oil and gas and
specialty minerals sectors.
Carlos Perez joins the Company as
site manager to oversee site and camp activities as the project
moves towards ultimate delivery. Carlos has extensive experience
managing mining project activities in the north of Argentina.
The technical information in this news release has been reviewed
and approved on behalf of the Company by Mr Frits Reidel a Certified Professional Geologist
and member of the American Institute of Professional Geologists, a
"Qualified Person" as defined in NI 43-101.
ADVANTAGE LITHIUM CORP.
Per: "David
Sidoo"
David Sidoo, President
Tel: 604.343.3760 | Fax: 604.423.4498
Email: info@advantagelithium.com
About Advantage Lithium Corp.
Advantage Lithium Corp.
is a resource company specializing in the strategic acquisition,
exploration and development of lithium properties and is
headquartered in Vancouver, British
Columbia. The common shares of the Company are listed on the
TSX Venture Exchange (TSX-V:AAL), and the Company is also traded on
the OTCQX Best Market in the U.S. (OTCQX: AVLIF). The Company has
acquired a 100% interest in four exploration projects in
Argentina and has acquired a 75%
interest in a fifth, called Cauchari. The Cauchari project is
located just 20 km south of Orocobre's flagship Olaroz Lithium
Facility.
Further information about the Company can be found at
www.advantagelithium.com
Cautionary Statement:
Certain information contained
in this press release constitutes "forward-looking information",
within the meaning of Canadian legislation. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "is expected", "intends", or
"has the potential to". Forward looking statements contained
in this press release may include statements regarding the future
operating or financial performance of Advantage that involve known
and unknown risks and uncertainties which may not prove to be
accurate. Actual results and outcomes may differ materially from
what is expressed or forecasted in these forward-looking
statements. Such statements are qualified in their entirety by the
inherent risks and uncertainties surrounding future expectations.
The forward-looking statements included in this press release are
made as of the date of this press release and the Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities
legislation.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Advantage Lithium Corp