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Plateau Energy Metals Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani | |
| Location: | Peru | |
| Commodities: | Lithium-Potassium | |
| Date: | 2/4/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 4-2-2020: Plateau Energy Metals Inc. announces a PEA report for its Falchani deposit at the Macusani Plateau project. PEA results incl. post-tax NPV (8%) of $1.55B, IRR of 19.7%. TORONTO, ONTARIO, February 3, 2020 – Plateau Energy Metals Inc. (“Plateau” o | |
| Resources: | ||
| CP/QP: | [Resources]: Stewart Nupen (The Mineral Corporation) | |
| ABSTRACT: | TORONTO, ONTARIO, February 3, 2020 – Plateau Energy Metals Inc. (“Plateau” or the "Company") (TSX-V:PLU | OTCQB:PLUUF) is pleased to announce the results from an independent Preliminary Economic Assessment (“PEA”) for the Falchani Lithium Project (“Falchani Project” or “Project”) located on the Macusani Plateau in the Puno District of southeastern Peru. The PEA, prepared in accordance with National Instrument 43-101 (“NI 43-101”) by DRA Global (“DRA”), demonstrates the Falchani Project’s ability to become a large, long life producer of low cost, high quality-low impurity battery grade Li2CO3. Unless otherwise stated, all dollar figures are in United States dollars (“$”) and the economic highlights represent Plateau’s 100% interest in the Falchani Project. “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.” “In two short and fast paced years, the Falchani Project has gone from greenfield discovery through to a near doubling of our maiden resource, with extensive metallurgical test work, trade-off studies and engineering analysis - today is a significant milestone for our company and Peru,” stated Laurence Stefan, President & COO of Plateau. “We are extremely proud of our Peruvian team, who with our collective strengths, are showcasing the Falchani Project as an opportunity for Peru to become a considerable player in the rapidly evolving battery future.” | |
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