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Green Technology Metals Quarterly Activities Report

FOR THE QUARTER ENDED 31 DECEMBER 2022

Green Technology Metals Limited (ASX: GT1) (GT1 or the Company) is pleased to present its Quarterly Activities Report for the period ending 31 December 2022.


HIGHLIGHTS:
  • 100% Ownership of all GT1’s Ontario Lithium Project tenure
  • Extinguished Royalty on Root Lithium project to further consolidated GT1 ownership
  • Critical Milestone achieved for PEA at Flagship Seymour Project with concentrate produced exceeding 72% recovery
  • Continued drill success at McCombe, Root project with highest drill intercept returning 4.06% Li20
  • McCombe confirmed to be higher grade than originally interpreted based on historical data
  • 4 drill rigs now running night and day at both Seymour and Root Projects ▪ Maiden Resource for Root on-track for Q1 2023

Chief Executive Officer, Luke Cox comments:“The December quarter has highlighted significant progress GT1 continue to make as we drive forward our two key lithium projects, Seymour and Root. We have now moved to 100% ownership of all our projects and extinguished the royalty on the Root project, a significant de-risking milestone achieved as we continue to build a pre-eminent vertically integrated lithium business in Ontario.

This quarter we were encouraged by the outstanding results from our second project, Root, with McCombe now confirmed to be much higher grade than we originally thought and with a second drill rig now mobilised to Morrison we are looking forward to seeing the continued progress through the winter months ahead.

Our Flagship Seymour project has achieved a critical milestone from Metallurgical test work during the quarter with results key for future offtake partners and our PEA due to be released next quarter.

We look forward to the next quarter as we continue to expand our team in Canada and drive forward the development of our high only -grade lithium projects”

Click here for the full ASX Release

This article includes content from Green Technology 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.

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