Avalon Announces Results of Positive Preliminary Economic Assessment for its Separation Rapids Lithium Project

T.AVL, Avalon Advanced Materials, lithium

Avalon Advanced Materials Inc. (T.AVL)) is pleased to announce the completion of a positive Preliminary Economic Assessment for its 100% owned Separation Rapids Lithium Project, Kenora, Ontario. The PEA was prepared under the oversight of Micon International Limited.

The Separation Rapids Lithium Deposit was originally evaluated by Avalon in 1997-2000 as a potential producer of lithium minerals for glass-ceramics under a pre-feasibility study (which was also prepared by Micon). The purpose of this 2016 PEA was to investigate the potential for recovery of a lithium product suitable for the battery market from the same lithium resource, and the results confirm a technically viable process and positive economics for the recovery of a battery-grade lithium hydroxide product.read more

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