TSX Venture Exchange Symbol: AAL
VANCOUVER, April 17, 2019 /CNW/ - Advantage Lithium
Corp. (the "Company" or "Advantage Lithium") (TSX Venture:
AAL) (OTCQX: AVLIF) is pleased to announce that it is has
selected WorleyParsons Chile S.A. ("WP") to complete the
Pre-Feasibility Study ("PFS") and independent NI 43-101 Technical
Report on its Cauchari Lithium Project in Jujuy, Argentina. The PFS will evaluate processing
options and complete a range analysis for up to 30Ktpa final
Lithium product, including Lithium Hydroxide, and is scheduled for
completion in early Q3 2019.
The Company will continue to work with hydrogeology consultants
FloSolutions to complete a dynamic groundwater model for the
project which will be used to simulate a range of production cases
based on the recent significantly expanded resource. This is a key
input to the PFS in order to support a reserve estimate, extraction
plan and determine the optimum project size.
Andy Robb, Project Director,
commented: "The commencement of the Cauchari PFS marks an
important milestone in the project where we have the opportunity
to establish the best value proposition for our stakeholders,
building on the success of the phase III drilling program that
points to a much larger project than envisaged previously.
We are very pleased to continue to build our relationship
with WorleyParsons given their extensive experience with lithium
Studies, including Lithium Hydroxide, and their valuable
contribution to our PEA.
The PFS will be focused on conducting the necessary
trade-offs studies required to select a go-forward investment case
for the Feasibility Study."
Selection of PFS Consultants
Advantage completed a rigorous process to identify and select
suitable consultants to advance development of its Cauchari JV
project at PFS level. As a result, WorleyParsons was selected ahead
of other global engineering firms to complete the PFS and assist
with the evaluation of Lithium Hydroxide and other process
alternatives.
About WorleyParsons
WorleyParsons (www.worleyparsons.com) is a leading global
provider of engineering and project management services to the
resource and energy sectors, and the complex processing industries.
With approximately 26,000 personnel in 116 offices in 42 countries
around the globe (including 200 employees in Chile), WorleyParsons has a significant and
respected global footprint in the engineering and resources fields.
WorleyParsons has over 30 continuous years experience in the
lithium industry including engineering development for lithium
production from brines. WorleyParsons is listed on the
Australian Securities Exchange [ASX: WOR]
ADVANTAGE LITHIUM CORP.
Per: "Callum Grant "
About Advantage Lithium Corp.
Advantage Lithium Corp
is focused on developing its 75% owned Cauchari lithium project,
located in Jujuy, Argentina. The Company also owns 100%
interest in three additional lithium exploration properties in
Argentina: Antofalla, Incahuahsi,
and Guayatayoc. The Company is headquartered in Vancouver, British Columbia and trades on the
TSX Venture Exchange (TSX-V: AAL) and the OTCQX Best Market in the
U.S. (OTCQX: AVLIF).
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