Alpha Lithium Corporation announced the results of a Preliminary Economic Assessment for its wholly owned Tolillar lithium brine project in the Salta Province of Argentina ("Tolillar"). The PEA provides an independent economic assessment of the potential value of Tolillar, based on the lithium resources outlined in the September 2022 Resource Estimate. The PEA evaluated a 25,000 tonnes per annum ("tpa") commercial-scale operation to produce battery-grade lithium carbonate chemicals.

Importantly, the study does not include contribution from wells drilled since mid-2022, which management believes represent meaningful, unquantified, upside potential. Alpha intends to soon incorporate drilling completed since mid-2022, and anticipates an expanded resource could potentially support a longer mine life and a second 25,000 tpa phase, for an aggregate 50,000 tpa operation.