In a news release on February 4, 2020, Plateau Energy Metals Inc. announced the results from an independent Preliminary Economic Assessment (PEA), prepared in accordance with National Instrument 43-101, for the Falchani Lithium Project in Peru. The PEA demonstrates the Project’s ability to become a large, long life producer of low cost, high quality-low impurity battery grade lithium carbonate.

M.Plan International, as owner’s representative to Plateau, provided input and advice relating to the process flow sheet development, including plant, equipment and up-front leaching and downstream precipitation during the completion of the PEA.

“The battery supply chain is evolving and growing rapidly and as a result, significant amounts of lithium chemical supplies for batteries are required to meet the over $450 billion of capital committed by vehicle manufacturers and battery plants,” stated Alex Holmes, CEO of Plateau. “What we have at Falchani is a project that has the potential to respond as the market grows, with a low impurity battery grade lithium chemical product, a long mine life set to last through cyclical price environments, and importantly, the potential to be one of the greener lithium projects in the future.”

To read the complete press release on Plateau’s website, please click here.