ABTC Finalizes Design and Receives Approval for Third Drill Program to Advance Development of its Nevada-Based Lithium Claystone Resource
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New drill program aimed to support evolution towards upgraded 'measured and indicated' resource classification of the company's Tonopah Flats Lithium Project, one of the largest known lithium resources in
"We are extremely pleased to receive approval for our third drill program at our Nevada Tonopah Flats Lithium Project," stated ABTC CEO Ryan Melsert. "While the maiden resource report we published in Spring 2023 was impactful, this resource is still under-explored with only
The ABTC Tonopah Flats Lithium Project encompasses 517 unpatented lode claims covering over 10,340 acres, and ABTC controls
The results of these initial successful exploration programs led to the development and publication of its third-party Qualified Person (QP) audited SK-1300 compliant maiden Inferred Resource Report in February 2023, which concluded that this is one of the largest known lithium resources in
Within this maiden Resource Report ABTC's 3rd party contractor, RESPEC, recommended additional drill programs as a result of the 'potential to significantly increase and upgrade the resource with further drilling extending to the north and south property boundaries, and at greater depths.' ABTC will perform this new drill program in order to analyze additional areas within its claims and will be sampling to depths as great as 1,500 feet in order to fully evaluate the resource.
Additionally, and as stated in the Resource Report, "Continued infill drilling will likely upgrade resource classification and improve confidence in the mineral resource estimate for the project. New drilling and resource upgrade in classification to Measured and Indicated levels will be critical to support and maximize project economics in a pre-feasibility or higher study phase."
As part of this third drill program, ABTC will collect samples from initially up to 5,000 feet of total drilling from at least 8 additional drill holes. With additional resource characterization samples, this drill program is intended to increase the geologic understanding and confidence for subsequent modeling of the deposit, particularly with respect to lithium mineralization to improve confidence in the underlying project data. The company anticipates that the drill program and third-party characterization assessments will be completed within the next 60-120 days.
ABTC has developed its lithium extraction and processing techniques specifically for use with this
About American Battery Technology Company
American Battery Technology Company, which recently changed its name from American Battery Metals Corporation, is uniquely positioned to supply low-cost, low-environmental impact, and domestically sourced battery metals through its three divisions: lithium-ion battery recycling, primary battery metal extraction technologies, and primary resources development.
American Battery Technology Company has built a clean technology platform that is used to provide a key source of domestically manufactured critical and strategic battery metals to help meet the near insatiable demand from the electric vehicle, electrical grid storage, and consumer electronics industries. This ESG-principled platform works to create a closed-loop circular economy for battery metals that champions ethical and environmentally sustainable sourcing of critical and strategic materials.
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SOURCE American Battery Technology Company
FAQ
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