12:06 PM EDT, 06/27/2024 (MT Newswires) -- American Lithium ( AMLI ) said Thursday it plans to begin piloting work for the Falchani lithium project in Peru during the second half of this year following strong results from the latest test work on the flowsheet.

According to American Lithium ( AMLI ), Falchani's flowsheet utilizes warm sulfuric acid leaching and impurity removal steps to produce a high purity lithium carbonate (LC) end product on site with purity in excess of 99.5%, typically the threshold for battery grade LC. It said "this helps drive the robust economics, particularly the low operating costs, highlighted in the company's original and recently updated Preliminary Economic Assessments. There is no need for additional refining steps offshore, it added.

The company said the results from test work showed a 50% reduction of sulfuric acid consumption as well as lower acid consumption/recycling.

American Lithium ( AMLI ) believes it can further reduce acid consumption and reagent costs while optimizing production of LC as well as "highly economic, strategic" by-products by implementing a number of additional tried and tested hydrometallurgical processing steps into the core flow-sheet.

"We are very excited about recent flowsheet work in which we continue to produce high-purity LC exceeding battery grade thresholds in repeated full-cycle tests giving us confidence to start piloting later this year," CEO Simon Clarke said.

American Lithium's ( AMLI ) share shares were last seen up $0.03 to $0.78 on the TSX Venture Exchange.

Price: 0.78, Change: +0.03, Percent Change: +4.00