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.

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