At this point in time Alpha Lithium Corporation (OTCMKTS:APHLF) is involved with the development of an undeveloped lithium salar situated in the Salta region in Argentina. It stretches across an area of 27,000 hectares and is believed to be the last 100% owned property of its kind.
Alpha Lithium Appoints Ausenco to Commence PEA for Lithium Carbonate Plant in Argentina
Yesterday, the company came into focus after it announced that it had selected Ausenco Limited for undertaking a Preliminary Economic Assessment of a high purity lithium carbonate producing plant at Tolillar. The plant in question is proposed to produce as much as 50000 tons a year. Ausenco is based out of Australia and Alpha Lithium made the selection after having gone through an extensive selection process.
Owing to the results that had been produced by the recent drilling program by Alpha Lithium, the capacity of the proposed plant had been raised to 50000 tons a year. In addition to that, the production life of the plant had been pegged at 40 years. In this regard, it is perhaps also important to keep in mind that over the past 12 months, the average sale price of lithium carbonate has been $70,000 a ton. The market is expected to be undersupplied in the coming years as well.