Wealth Minerals (TSXV: WML; US-OTC: WMLLF) has moved into final talks ahead of a Chilean presidential decree approving its Kuska lithium brine project, CEO Henk van Alphen said.
The mining ministry accepted the company’s special lithium operating contract application in January. Kuska spans 105 sq. km in northern Chile, where the Quechua Indigenous Community of Ollagüe holds 5% and a board seat.
“We’re talking weeks before we get the application all put away,” Van Alphen told The Northern Miner’s Western editor, Henry Lazenby, early this month at the PDAC conference in Toronto. “Then we will actually have the permit to move this project ahead.”
A January 2024 preliminary economic assessment outlined production of 20,000 tonnes per year of lithium carbonate equivalent over a 20-year mine life.
The company still must choose a direct lithium extraction (DLE) method, complete a feasibility study and bring in a larger partner. Wealth is talking with several major groups, including two with DLE technology in-house, Van Alphen said.
Watch the full interview below:
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