Wealth Minerals Announces Positive PEA for the Kuska project

La evaluación describe el desarrollo del proyecto Kuska hacia una producción de 20.000 toneladas métricas por año de Carbonato de Litio Equivalente y una vida útil prevista de 20 años.

Wealth Minerals Ltd. has announced a significant achievement in the development of its Kuska project (formerly Ollagüe) following the publication of a Preliminary Economic Assessment (PEA). This update promises to transform the project in the Salar de Ollagüe, Antofagasta Region, into a world-class lithium production operation.

"The PEA is a quality study that has meticulously incorporated all the necessary technical research, field data, and industry best practices to turn Kuska into a world-class lithium production operation. Given Wealth's proven experience with Direct Lithium Extraction (DLE) technology, we have paid special attention to this aspect of the PEA, incorporating an extensive selection process for the most suitable DLE technology and equipment providers," said Hendrik van Alphen, CEO of Wealth Minerals Ltd.

Strategies and Technology Implemented

The selected DLE technology and efforts to maximize the use of renewable energy demonstrate Wealth Minerals' focus on minimizing environmental impact and enhancing efficiency.

"We are incorporating into our development plan the use of environmentally friendly DLE technology, active participation and collaboration with the Quechua indigenous community, and potential industrial partnerships that may facilitate further processing of lithium into value-added products. The positive economic figures that come with this preliminary economic assessment are very good news for our WML shareholders, the Chilean state, and all other stakeholders.”

Resource Estimates and Economic Projections

The Kuska project bases its potential on a significant resource estimation and promising economic projections. With 741,000 tonnes of Lithium Carbonate Equivalent as indicated resources, the project positions itself as a prominent player in the lithium market. Additionally, the PEA estimates a pre-tax and royalty net present value (NPV) of 1.65 billion US dollars, demonstrating the project's lucrative potential.

This milestone marks a significant step for Wealth Minerals Ltd. in the pursuit of sustainable and efficient lithium production, reflecting a commitment to innovation, community engagement, and environmental stewardship.