American Battery Technology Company announced Tuesday the results of its third-party Qualified Person audited Inferred Resource Report, on its lithium deposit at its Tonopah Flats project in Nevada, which it said has resulted in the identification of one of the largest known lithium deposits in the United States.
Through the this analysis an open-pit resource estimate was developed that would support a processing rate of at least 200,000 tons of claystone per day, the company said. The company said that combined with its internally developed lithium extraction and hydroxide manufacturing techniques makes it a potentially critical source of domestically produced lithium to meet increasing demand for lithium products.
“Having identified one of the largest premier lithium deposits in the US is extremely exciting,” ABTC CEO Ryan Melsert. “However, the identification of an inferred resource in and of itself is not enough to address our critical challenges of increasing our domestic production of critical battery metals, reducing the costs of manufacturing of these battery metals, and decreasing the environmental impacts of their production.
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