High Tech Metals Limited

Grant of Highly Prospective License for Lithium

High-Tech Metals Limited (ASX: HTM) (High-Tech, HTM or the Company), a critical battery minerals exploration company, is pleased to announce that the Company has been granted the Ketele Exploration License (MOM-EL-05096-2023) in Ethiopia. This license will form the foundation of our exciting new Ketele LCT Project (“Ketele” or the “Project”).


HIGHLIGHTS

  • HTM expands critical minerals portfolio through grant of the Ketele Exploration License which, located in mineral rich Ethiopia, is considered prospective for LCT (lithium-cesium- tantalum) mineralisation.
  • Ethiopia is home to the Kenticha Lithium and Tantalum Mine.
  • Ketele LCT Project covers 42km2 in prospective geology with no modern exploration.
  • Work programme has commenced to evaluate the potential for lithium and associated elements with results expected in the coming weeks. This will assist in the investigation of potential spodumene-bearing pegmatites.
The award of Ketele provides the Company exclusive access to explore new, undrilled tenure, offering significant potential to further enhance the Project which is located 400 km southwest of the capital city of Addis Ababa and 150 km west of the Kenticha Li-Ta Mine.

The Ketele LCT Project is underlain by metamorphic rocks of the Southern Ethiopian Shield and large, regional faults known to focus the intrusion of pegmatites elsewhere. Historical reports suggest the presence of pegmatites in the area which will be the focus of the first phase of exploration work currently underway.

Sonu Cheema, Executive Director, commented:

"HTM continues to progress its critical battery minerals focus through the award of the Ketele LCT Project, in one of Africa’s mineral rich countries, Ethiopia. We are excited to be working with the federal government & local communities and look forward to assisting them in developing their critical minerals opportunities.

The Company has commenced a programme of works to realise the exploration potential of the newly granted license through geological mapping, geochemical surveys and rock chip sampling. We look forward to providing further exploration updates as these activities progress.”

Figure 1 – Ketele LCT Project Location.

Figure 2 – Ketele LCT Project area and underlying geology.

Next Steps

The initial year of exploration at Ketele, which has already started, includes:

  • Continued data compilation and desktop studies;
  • Geological and geochemical surveys;
  • Identification of potential mineralisation of Lithium, Cesium and Tantalum; and,
  • Investigate and define the potential extent of pegmatite bodies hosting spodumene (Lithium).

HTM is committed to responsible exploration practices and takes measures to minimize the impact of its exploration activities on the environment and local communities.


Click here for the full ASX Release

This article includes content from High-Tech Metals, 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.

HTM:AU
The Conversation (0)
Electric Royalties (TSXV:ELEC)

Electric Royalties


Keep reading...Show less
Democratic Republic of Congo flag.

DRC Suspends Cobalt Exports for Four Months, Citing Oversupply

The Democratic Republic of Congo (DRC), the largest producer of cobalt globally, has halted all exports of the key battery metal for four months in an effort to curb oversupply and stop prices from falling further.

The DRC, which produces about three-quarters of the world's cobalt, implemented the suspension on February 22, as per Patrick Luabeya, president of the Authority for the Regulation and Control of Strategic Mineral Substances' Markets.

The decision follows a government decree allowing regulators to take emergency action in response to market instability.

Keep reading...Show less
Cobalt periodic symbol over map of the world.

Top 10 Cobalt Producers by Country

Battery metal cobalt has been in focus in recent years for its role in lithium-ion batteries, bringing attention to the top cobalt producing countries.

One of the metal’s main catalysts is the electric vehicle roll out. The lithium-ion batteries that power electric vehicles and energy storage require lithium, graphite and cobalt, among other raw materials, and demand for these important commodities is expected to keep rising as the shift toward clean technologies continues at a global scale.

Additionally, the metal is predominantly produced as a by-product of copper and nickel, two other metals that are important for the green transition.

Keep reading...Show less
Cobalt periodic symbol.

Cobalt Reserves: Top 3 Countries

Cobalt is a critical material for the energy transition, with increased demand in recent years due to its essential role in lithium-ion batteries for electric vehicles (EVs), energy storage and other technologies.

Cobalt is an important component in the popular nickel-manganese-cobalt (NMC) battery. Despite the existence of cobalt-free lithium-iron-phosphate (LFP) batteries and the potential for disruptive new battery technologies, demand for cobalt is expected to rise and market watchers are keen to find out where it may be mined in the future.

That’s why it’s important to review cobalt reserves, which is how much economically mineable cobalt a country holds. By keeping an eye on these numbers, it’s possible to guess which countries may become — or continue to be — cobalt powerhouses.

Keep reading...Show less

Sherritt Corrects Misleading Information Regarding its Junior Notes

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE   SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×