Core Insights - American Battery Technology Company (ABTC) is advancing its Tonopah Flats Lithium Project (TFLP) to commercialize the domestic lithium supply chain [1][2] - The updated resource classification enhances the project's attractiveness for commercialization, with significant increases in resource size and classification [3][4] Resource Classification and Size - The TFLP is classified as Inferred, Measured, and Indicated Resource, with a total quantified resource of 21.15 million tons of lithium hydroxide monohydrate [2][3] - The overall lithium resource size increased by 17% from the previous assessment, with approximately 54% now classified as Measured or Indicated Resource [3][4] Economic Analysis - The project has a Net Present Value (NPV) of $4.41 billion at a 10% discount rate, an Internal Rate of Return (IRR) of 65.8%, and a payback period of 2.4 years [3][6] - The Initial Assessment estimates a mine life of over 400 years with an average annual production of 33,000 tons of lithium hydroxide monohydrate [6][7] Next Steps for Development - Recommended next steps include expanded bench scale metallurgy, hydrological and geotechnical drill programs, and completion of a Pre-Feasibility Study [7][8] - The company aims to further develop the resource to achieve Probable and/or Proven Mineral Reserve status [7]
American Battery Technology Company Announces Increased and Upgraded Lithium Resource to Measured and Indicated Classifications for One of the Largest Lithium Projects in the United States