Further Step-Out Success at Seymour

Green Technology Metals Limited (ASX: GT1) (GT1 or the Company) is pleased to provide an update from the recommenced diamond drilling activity at its Seymour Lithium Project in Ontario, Canada.

HIGHLIGHTS

• Diamond drilling recommenced at the North Aubry deposit (Seymour Lithium Project) in June.
• First completed hole (GTDD-22-0323) returned 17.9m spodumene bearing pegmatite from 218m; assays pending.
• Intersection considerably thicker than modelled and potentially significantly increases the mineralised volumes in this targeted strike extension of North Aubry.
• Second completed hole (GTDD-22-0128), down-dip of GTDD-22-0323; returned 18.6m spodumene bearing pegmatite from 312m, plus a further 6.41m pegmatite interval 60m above main zone.
• Additional step-out drilling at North Aubry set to target further northerly strike extension, along with accompanying down-dip extensional opportunities.
• Next planned drillhole at North Aubry sited approximately 100m north-west of GTDD-22-0323.
• Diamond drilling of key targets at Pye prospect (Seymour) is expected to recommence next week.

“We are off to a great start with the resumption of drilling at Seymour following the winter thaw period. The first step-out hole at North Aubry has intersected a significant spodumene bearing pegmatite interval, which was considerably thicker than we had modelled. This is expected to significantly increase the mineralised volumes in this targeted strike extension and deliver growth in our recently released interim Mineral Resource estimate at Seymour.

“We are set to continue stepping out to the north at North Aubry, targeting further strike extension of the North Aubry deposit in this direction. The potential of the deposit in this area, both along strike and down-dip, remains a big opportunity in terms of significant further high-grade resource growth.

"We are also on track to recommence drilling at the Pye prospect in the coming days. The geology at Pye remains a huge prospect for us and we are looking forward to advancing our systematic target drilling of this zone.

- GT1 Chief Executive Officer, Luke Cox

Further significant step-out intercepts at North Aubry

Diamond drilling recommenced at the North Aubry deposit of GT1’s flagship Seymour Project in early June. The focus of current drilling at North Aubry is further growing the recently updated Mineral Resource estimate along strike to the north along with further depth extensions.

Figure 1: Location map of northern area of the Seymour Project showing North and South Aubry deposits, Central Aubry zone and Pye prospect

Since drilling recommencement at North Aubry, two holes have been completed, GTDD-22-0323 and GTDD-22-0128.

Hole GTDD-22-0323, which steps out 60 metres northwest of the nearest previous hole, intersected 17.9m of spodumene-bearing pegmatite from 218.0m downhole.

This intersection was considerably thicker than modelled and significantly increases the projected mineralised volumes in this targeted strike extension of the North Aubry deposit.

The information in this announcement in respect of holes GTDD-22-0323 and GTDD-22-0128 is based solely on a visual inspection of the core samples. The assay and analysis of the core samples are pending. In relation to the disclosure of visual intersections of pegmatite, the Company cautions that visual intersections of pegmatite should never be considered a proxy or substitute for laboratory analysis. Laboratory assay results are required to confirm the widths and grade of visual intersections of pegmatite reported in the preliminary geological logging. The Company will update the market when laboratory analytical results become available, which is currently expected to be around the end of August 2022 in respect of GTDD-22-0323 and GTDD-22-0128.

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