
- NORTH AMERICA EDITIONAustraliaNorth AmericaWorld
January 22, 2024
CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing lithium projects in Chile, confirms the drilling of the second well has started in the recently commenced drilling programme at Laguna Verde.
Two drill rigs are now operating simultaneously with the first well already reaching a depth of 300 metres and samples being collected for analysis. The drilling programme at Laguna Verde aims to convert resources into reserves, to upgrade the existing JORC resource estimate of 1.8 million tonnes of lithium carbonate equivalent (LCE) and further establish the commercial opportunity for CTL's brine-based lithium project.
Highlights:
- First well LV07 started on 4th January and to date has reached 300 metres of the target 730 metres, the deepest target depth drilled at the project
- Second well LV11 started on 17th January with a targeted depth of 550 metres
- Two drill rigs are now operating simultaneously and running 24 hours a day to accelerate the drilling programme
- The programme has been designed in collaboration with Montgomery & Associates, a leading hydrogeology and resource evaluation consultancy
- Results from the drilling and planned pump test and reinjection tests will be reported to the market on an ongoing basis during 1H 2024
- Generation of updated JORC reserve report is targeted for July 2024
- A webinar with Executive Chairman, Steve Kesler and CEO, Aldo Boitano, will be held on Wednesday 24th January at 6:00pm (GMT) - Please register in advance here
Aldo Boitano, Chief Executive Officer, CleanTech Lithium said: "After the successful fundraise towards the end of 2023, we have started off the new year with an active drilling programme to further advance our resource evaluation at the Laguna Verde lithium project.
"We are happy with the progress made already by the team at Laguna Verde and look forward to maintaining this momentum throughout the drilling programme. With more wells planned in the first half of the year, the data collected will be analysed on an ongoing basis and will feed into a JORC reserve report and will update our existing resource estimate of 1.8 million tonnes of LCE. This is yet another positive step towards increasing the commercial value of the project before we engage with strategic partners looking for a reliable supplier of lithium."

Figure 1: LV11 drill rig in place - early January 2024
Click here for the full Press Release
This article includes content from CleanTech Lithium, 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.
CTLHF

Sign up to get your FREE
CleanTech Lithium Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
The Conversation (0)
13 April
CleanTech Lithium
Premium lithium projects located in established mining districts to meet battery and EV demand
        Premium lithium projects located in established mining districts to meet battery and EV demand Keep Reading...
30 October 2024
CleanTech Lithium PLC Announces Notice of AGM
        CleanTech Lithium PLC Notice of Annual General Meeting CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF) ("CleanTech Lithium" or the "Company"), an exploration and development company advancing sustainable lithium projects in Chile, will hold its Annual General Meeting ("AGM") at the... Keep Reading...
30 September 2024
CleanTech Lithium PLC Announces Interim Results
        Interim Results for six-month period ending 30 June 2024 CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development companyadvancing sustainable lithium projects in Chile for the clean energy transition, is pleased to announce its unaudited Interim Results for... Keep Reading...
27 September 2024
CleanTech Lithium PLC Announces CEOL Update
        Chilean Government prioritises Laguna Verde for CEOL CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development company advancing lithium projects in Chile for the clean energy transition, reports an announcement by the Chilean Government on the Expressions of... Keep Reading...
11 September 2024
CleanTech Lithium PLC Announces Community Support for Laguna Verde Project
        Indigenous community leader publicly endorses Laguna Verde project at key mining seminar in Santiago, Chile CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, participated in the Centre for Copper... Keep Reading...
27 August 2024
CleanTech Lithium PLC Announces Transfer of Loan Notes at Regal Funds
        CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, announces the transfer of AUD Loan Notes (Loan Notes) from one Regal Funds1 associate to another Regal Funds associate On 1 July 2024, the Company... Keep Reading...
24 October
PMET Releases Lithium-Only Feasibility Study for Shaakichiuwaanaan in Québec
        PMET Resources (ASX:PMT, TSX:PMET,OTCQX:PMETF) has completed a lithium-only feasibility study on the CV5 deposit of its Shaakichiuwaanaan lithium project in Northern Québec. The company said the feasibility study confirms the project is a large-scale and long-life operation, with CV5’s probable... Keep Reading...
22 October
Lithium Market Update: Q3 2025 in Review
        Volatility punctuated the global lithium market during the third quarter of 2025, with prices, supply/demand dynamics and geopolitics converging to reshape the landscape. After slipping to a four year low at the end of June, benchmark lithium carbonate prices rallied through July to reach an 11... Keep Reading...
22 October
Argentina Lithium & Energy Corp. Announces Initial Mineral Resource Estimate at the Rincon West Lithium Project
        TSX Venture Exchange (TSX-V): LITFrankfurt Stock Exchange (FSE): OAY3OTCQX Venture Market: LILIF Argentina Lithium & Energy Corp. (TSX-V: LIT, FSE: OAY3, OTCQX: LILIF), ("Argentina Lithium" or the "Company") is pleased to announce the results of the first Mineral Resource estimate ("MRE") for... Keep Reading...
21 October
Vertical Integration: The New Lithium Supply Chain Dynamic and What it Means for Investors
        When the US government announced it would take a 5 percent equity stake in Vancouver-based Lithium Americas (TSX:LAC,NYSE:LAC), the move underscored a seismic shift underway in the lithium industry. This significant federal backing, tied to the company’s massive Thacker Pass project in Nevada... Keep Reading...
17 October
Successful A$4.5M Placement to Accelerate Battery, REE and Solar Panel Recycling Growth
        Livium Ltd (ASX: LIT) (“Livium” or the “Company”) is pleased to announce it has received firm commitments from new and existing, institutional and sophisticated investors to raise $4.5m (“Placement”) before costs. HighlightsFirm commitments of A$4.5m received from institutional and sophisticated... Keep Reading...
Latest News

Sign up to get your FREE
CleanTech Lithium Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00







