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Lithium Explorer-Developer Continues to Fast-Track Argentina Project
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Source:

The Vancouver-based firm is expanding its team and leveraging its technical expertise.

Advantage Lithium Corp. (AAL:TSX.V; AVLIF:OTCQX) announced in a news release it hit another milestone in the development of its Cauchari project in Argentina by contracting with GHD S.A. in Chile to carry out early engineering work needed for the feasibility study, which remains on track to be finished on time, in June 2019.

"With this engagement and with the benefit of experience from [Orocobre's] Olaroz lithium facility, Advantage can proceed expeditiously through to the feasibility study, eliminating the need for an intermediate preliminary feasibility study," founder and CEO David Sidoo said in the release.

The feasibility study will outline an effective engineering design for a standalone facility to produce 20,000 tons per annum of lithium.

In other news, Andy Robb, vice president of development, has assembled a group of professionals to develop "a project of this magnitude in the time frame we envisage," Sidoo described. The company aims to produce first lithium at Cauchari in Q3/21. New additions to the Advantage team include an environmental services manager, a senior project scheduler and a site manager.

Advantage's phase 3 drilling program continues. Once completed, the results will be incorporated into an updated resource estimate, due out in Q1/19, which, Robb said, "is expected to bring our resources into the Measured and Indicated categories."

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Advantage Lithium. Click here for important disclosures about sponsor fees.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Advantage Lithium, a company mentioned in this article.




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