Coarse Spodumene Concentrate Produced At Seymour With Lithium Recovery Exceeding 72%

Green Technology Metals Limited (ASX: GT1) (GT1 or the Company), a Canadian-focused multi-asset lithium business, is pleased to announce very high spodumene concentrate recoveries from its 100%-owned Seymour Project, located approximately 250km north of Thunder Bay in Ontario, Canada. The spodumene concentrate represents a critical milestone for the business and future off-take partners.

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HIGHLIGHTS

• Flagship Seymour concentrate recovery exceeds 72% using heavy liquid separation
• Confirms simple 2 stage DMS flowsheet potential
• Critical milestone for the PEA and future off-take partners
• Test work based on 1000kg of representative composites as per preliminary mine plan
• Very high recovery due to large spodumene crystal size
• Concentrates now being sent for conversion work to Lithium Hydroxide

Figure 1: DMS test work being undertaken at SGS Canada’s facilities in Lakefield, Ontario

“The next few months will be an exciting time for the team at GT1 as we focus on increasing the value of our Flagship Seymour Project through metallurgical test work. These results will culminate part of our Preliminary Economic Assessment (PEA) and marks another important step closer to building a vertically integrated lithium business in Ontario, Canada.” - GT1 Chief Executive Officer, Luke Cox

Four composite samples totalling approximately 1000kg of recent and historic diamond core, derived from the Seymour pegmatite was selected, and shipped for testing. The samples represent the different mineralisation phases seen in the pegmatite within, what GT1 expect to be, the final open pit mine shell at Seymour.

Heavy liquid separation (HLS) test work was undertaken at SGS Canada’s facilities in Lakefield, Ontario. SGS compiled a master composite, based on the four samples selected, to provide a preliminary indication of the lithium beneficiation performance by utilising dense media separation (DMS).

Table 1 presents a summary table of the 8 mm HLS test results to achieve an HLS concentrate grade of 6.0% Li2O and 1.2 % Fe2O3. The resulting global HLS recovery, post magnetic separation including losses to HLS fines bypass, is 72%. This recovery has been reduced to align the laboratory magnetic separator with the industrial-scale equipment. The HLS result shows a strong potential to use DMS as the primary recovery method. Further work will continue to be completed for an optimised flowsheet that will ensure both maximised lithium unit recovery, and mass yield will be achieved for the Seymour deposit.

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