Fox-Davies Highlights Potentially Significant Exploration Potential at CleanTech Lithium's Laguna Verde

Fox-Davies Capital's mining research update on CleanTech Lithium (AIM:CTL,FWB:T2N,OTC:CTLHF), has highlighted the upside potential of the recently announced upgraded JORC resource estimate of 1.8Mt lithium carbonate equivalent (LCE) for its Laguna Verde project in Chile.

According to the update, since the total resources at Laguna Verde now stands at ~1.8Mt LCE, the firm believes the company will be able to achieve its 2.5Mt target over the next year or so.

Further to the upgraded resource estimate at Laguna Verde, Fox-Davies Capital has also mentioned that the Francisco Basin's expected resource upgrade makes the project, "potentially as attractive as Laguna Verde" despite being smaller in comparison although higher grade. Analyst Gaius King wrote, "[w]e remain hopeful that it too will eventually contain sufficient resources to support a 20ktpa LCE production rate – implying that CTL could, within the next decade, have a combined production output approaching 40kt pa LCE."

Francisco Basin us a 110km² total exploration licence area 100km from the Laguna Verde project.

CleanTech Lithium has 3 projects in Chile, with Laguna Verde is its flagship asset. A JORC resource upgrade for its Francisco Basin project is expected early Q3 2023 .

To learn more about CleanTech Lithium, click here.

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

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