Correspondence 0001493152-25-009376 from AMERICAN BATTERY TECHNOLOGY Co (ABAT)
AMERICAN BATTERY TECHNOLOGY Co
Date: March 6, 2025 · CIK: 0001576873 · Accession: 0001493152-25-009376
AI Filing Summary & Sentiment
File numbers found in text: 001-41811
Referenced dates: February 25, 2025
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CORRESP
1
filename1.htm
Amy
L. Bowler
Partner
Phone
303.290.1086
abowler@hollandhart.com
March
6, 2025
United
States Securities and Exchange Commission
Division
of Corporation Finance
Office
of Energy & Transportation
100
F Street N.E.
Washington,
DC 20549
Attn: Brad
Skinner
Re: American
Battery Technology Company
Form 10-K for the Fiscal Year Ended June 30, 2024
Filed
September 23, 2024, File No. 001-41811
Dear
Mr. Brad Skinner:
Set
forth below is the response of American Battery Technology Company (the “Company”) to the comment received
from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”)
by letter dated February 25, 2025, regarding the above-referenced Form 10-K (the “2024 Form 10-K”). For your
convenience, the Company has set forth below the Staff comment followed by the Company’s response. Capitalized terms used but not
otherwise defined in this letter have the meanings ascribed to such terms in the 2024 Form 10-K.
Form
10-K for the Fiscal Year Ended June 30, 2024
Item
2. Properties, page 21
1. Please
disclose the commodity price, the metallurgical recovery factor, and the point of reference
with your mineral resource table pursuant to Item 1304(d)(1) of Regulation SK.
Response:
The
Company discloses the cut-off grade (300 ppm Li) and metallurgical recover (65.7% for Li) immediately following the referenced table,
along with other cost inputs. In response to the Staff’s comment, the Company proposes including the following table in future
filings (with appropriately updated information as of the date of filing):
Resources
Amount (kTons)
Grades/qualities
Cut-off grades
Metallurgical recovery
Total
LI
LHM
Measured mineral resources
721,000
510
3,060
702 ppm Li
300 ppm Li
65.7 % for Li
Indicated mineral resources
2,439,000
1,380
8,340
565 ppm Li
300 ppm Li
65.7 % for Li
Measured + Indicated mineral resources
3,160,000
1,890
11,400
596 ppm Li
300 ppm Li
65.7 % for Li
Inferred mineral resources
2,931,000
1,610
9,750
550 ppm Li
300 ppm Li
65.7 % for Li
a)
The estimate of mineral resources was performed by RESPEC.
b)
Tonopah Flats resources are classified as Measured, Indicated, and Inferred.
c)
Mineral resources comprised all model blocks at a 300ppm ton Li cutoff that lie within an optimized pit.
d)
The estimated mineral resources include data from the 29 sampled holes.
e)
Lithium Hydroxide Monohydrate (LHM) tons were calculated using a factor of 6.0459 relative to Li.
f)
Mineral resources that are not mineral reserves do not have demonstrated economic viability. Reported information assumes lithium hydroxide
monohydrate price of $40,000/ton, metallurgical recoveries of 65.7% for Li, mining costs of $2.45/ton mined, processing costs of $11.62/ton
processed, minimum grade of 300 ppm lithium within claystone, and general and administrative costs of $0.38/ton processed, and a 33,000-ton
per day processing rate.
g)
The effective date of the estimate is December 21, 2023.
h)
Rounding may result in apparent discrepancies between tons, grade, and contained metal content.
Sincerely,
/s/
Amy L. Bowler
Amy
L. Bowler
Partner
Holland
& Hart LLP
Location
Mailing
Address
P.O. Box 8749
Denver,
CO 80201-8749
Contact
555
17th Street, Suite 3200
Denver,
CO 80202-3921
p:
303.295.8000 | f: 303.295.8261
www.hollandhart.com