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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.
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