Fox-Davies Capital Mining Research Update on CleanTech Lithium

Fox-Davies Capital has published a mining research update on CleanTech Lithium (AIM:CTL,FWB:T2N,OTC:CTLHF), a resource exploration and development company with an estimated 2 million tonnes of lithium carbonate equivalent (LCE) in Chile’s Lithium Triangle.

Fox-Davies Capital has highlighted the following based on their update:

• NPV implies >500% upside in 3 years
• Collective resource potential ~4Mt LCE by H224
• NPV14% valuation of US$896m-
• LOM generating US$17Bn in after-tax revenue

The update also highlighted that the scoping study for the Laguna Verde project confirmed, "what we have been forecasting since the company’s IPO, that CTL remains the cheapest entry point for any lithium investor wanting to back a company that is likely to be a producer within the next four to five years."

CleanTech Lithium has 3 projects in Chile, with Laguna Verde as its flagship asset. The company recently announced assays up to 417mg/L at Laguna Verde, as well as reported that a JORC resource upgrade is expected early Q3 2023 for its Francisco Basin project. CEO Aldo Boitano says, "In the coming weeks we will be updating the market on JORC upgrades from Laguna Verde and from Francisco Basin, with the Scoping Study for Francisco Basin following shortly afterwards."

To learn more about CleanTech Lithium, click here.

Click here for the full mining research update from Fox-Davies Capita

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