Advantage Lithium Corp. (fka AVLIF)

[tikotiko]

I think this announcements may be more important than the good drilling results: Updated Resource Estimate this quarter, Preliminary Economic Analysis in June/July and DFS in early 2019. See details below.

Cauchari JV Development Timeline

The updated resource estimate, due to be released in Q2, will be followed by a Preliminary Economic Assessment (PEA) planned for completion in June-July. Proposals have been received from internationally recognised engineering companies with lithium experience and the selection process is well advanced to allow engineering studies for the PEA to commence in mid-April 2018.

The PEA will evaluate project development options and establish the preliminary project economics, summarised in a Ni43-101 Technical Report.

The Company has completed a detailed project development schedule and budget and is fully funded through the completion of the Phase 2 program, and the updated resource estimate, the Preliminary Economic Assessment, and the Phase 3 drill program which will support the DFS targeted for early 2019.