Green Technology Metals

Building The Pre-Eminent Vertically Integrated Lithium Business In Ontario, Canada

Financial Report For The Period Ending 31 December 2022

Green Technology Metals Limited (ASX: GT1) (GT1 or the Company), is pleased to present its Financial Report.


The directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'consolidated entity') consisting of Green Technology Metals Limited (referred to hereafter as the 'company' or 'parent entity') and the entities it controlled at the end of, or during, the half-year ended 31 December 2022.

Directors

The following persons were directors of Green Technology Metals Limited during the whole of the financial half-year and up to the date of this report, unless otherwise stated:

Mr John Young (Non-executive Chairman)
Mr Cameron Henry (Non-executive Director)
Mr Patrick Murphy (Non-executive Director)
Mr Robin Longley (Non-executiveDirector)

Principal activities

During the financial half-year the principal continuing activities of the consolidated entity consisted of Exploration and Evaluation activities in Canada.

Review of operations

Key highlights of the Company’s operations during the half year ended 31 December 2022, include:

Seymour Project

North Aubry

Diamond drilling has continued at the North Aubry lithium deposit with drilling results returned during the reporting period indicating intersections at North Aubry were shallower and thicker than originally modelled, increasing the mineralised volumes in the targeted strike and down dip extensions. Subsequent drilling at the Seymour Project will focus on the lateral extents of both the Aubry Complex and Pye Complex.

Pye

On-ground reconnaissance exploration at the broader Pye prospect (Pye Complex) has been successful in tracing pegmatite exposure north-south along its strike (Pye Eastern Limb) and culminating at the interpreted syn-form keel in the north. Field geologists have also navigated part of the Pye Western Limb in preparation for target reconnaissance, mapping and drilling.

Drill testing at Pye targeted the axial plane of the Pye syn-form as well as the western and eastern limbs of the syn-form where numerous alternating magnetic highs and lows suggest structural extension and the potential for pegmatite swarm inflows, as have occurred at North Aubry.


Click here for the full ASX Release

This article includes content from Green Technology Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

GT1:AU
Green Technology Metals

Green Technology Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Green Technology Metals

Green Technology Metals


Keep reading...Show less

Delivering the next lithium hub in North America

Livium Expands Clean Energy Waste Recycling Capabilities

Livium Expands Clean Energy Waste Recycling Capabilities

Livium (LIT:AU) has announced Livium Expands Clean Energy Waste Recycling Capabilities

Download the PDF here.

Livium Ltd

Livium Signs Binding Term Sheet with Iondrive related to DES Technology for Clean Energy Waste Recycling

Livium Ltd (ASX: LIT) ("Livium" or the "Company") is pleased to announce it has signed a binding term sheet (“Term Sheet”) with Iondrive Limited (ASX: ION) (“Iondrive”), an Australian company developing an innovative metal extraction process using Deep Eutectic Solvent technology (DES), via their subsidiary Iondrive AU Pty Ltd.

Keep reading...Show less
Glowing digital battery icon with particle connections on dark background.

CATL Mine Restart Pressures Australian Lithium Market

Australia’s lithium sector is facing pressure on the back of news that Chinese battery giant Contemporary Amperex Technology (CATL) (SZSE:300750,HKEX:3750) is expected to resume production at its Jianxiawo mine.

Operations were halted in August when the mine’s licence expired, with the suspension expected to last three months.

Located in Yichun, Jiangxi province, Jianxiawo produces about 65,000 tonnes of lithium carbonate equivalent annually, roughly 6 to 8 percent of global supply. It is the largest mine in Yichun, often referred to as China’s “lithium capital.”

Keep reading...Show less
International Lithium (TSXV:ILC)

International Lithium Corp.


Keep reading...Show less
Blue lithium-ion battery over shiny surface.

How to Invest in Lithium Stocks and the Lithium Market

Despite the current low price environment, the long-term demand for battery metals is robust and offers opportunity for those interested in lithium stocks.

Seasoned metals investors who want to look beyond gold and silver are getting involved, while new investors are being drawn in by expanding battery market and lithium supply deals between automakers and lithium producers.

Whatever the reason, it’s important to get familiar with the lithium market before investing in lithium stocks. Here's a brief overview of some of the basics, including supply and demand, prices and companies.

Keep reading...Show less
Green Technology Metals

Green Technology Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News