Green Technology Metals

Quarterly Activities Report for The Quarter Ended 30 September 2022

Green Technology Metals Limited (ASX: GT1) is pleased to present its Quarterly Activities Report for the period ending 30 September 2022.

HIGHLIGHTS

  • Four diamond drill rigs operating 24/7 at GT1’s Seymour and Root Lithium projects
  • Significant drilling results returned at the Flagship Seymour Project, increasing the mineralised volumes in the targeted strike extension of North Aubry
  • Initial 24,000m diamond drilling program commenced at Root
  • Immediate drill success at the Root project with initial results highlighting thick, high grade spodumene pegmatites from surface
  • All-weather 20-person camp now fully operational at Root, allowing for continuity of drilling into the Canadian winter season
  • A Strategic Collaboration Agreement (SCA) executed with major North American lithium industry participant LAC to assess a strategically located, integrated lithium chemicals business in North America.
 

Chief Executive Officer, Luke Cox comments:

We are leading up to GT1’s 1 year anniversary and its amazing to see everything we have achieved in just under 12 months. This quarter is no different, the GT1 team have yet again achieved further significant milestones and continue to drive our projects forward as we build a pre-eminent vertically integrated Lithium business in Ontario.

This quarter we kicked off our maiden drilling program at our second project Root, installed an all-weather camp and completed access roads to site to allow drilling to continue through the Canadian winter season. We have continued to see significant results returned from diamond drilling at our flagship Seymour Project and now have 4 drill rigs spinning, 24/7 across two of our lithium projects.

On a corporate front, GT1 entered into a Strategic Collaboration Agreement with another major lithium company, Lithium Americas Corp, and post quarter end executed a binding agreement to purchase the remaining 20% interest in our Ontario projects, moving to100% ownership once complete and extinguished the Royalty on the Root project.

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

SEYMOUR PROJECT

Drilling

North Aubry

Diamond drilling is continuing at Seymour with 23,782m drilled to date. At North Aubry significant diamond drilling results were returned with intersections considerably thicker than originally modelled. This has the potential to significantly increase the mineralised volumes in the targeted strike extension of the North Aubry Resource Model.

Results reported during the quarter at North Aubry included:

  • Hole GTDD-22-0323 intersected 17.9m and 7.7m thick pegmatites with significant intercepts:
    • 6.0m @ 1.37% Li2O (from 218.9m to 225.0m); and
    • 3.6m @ 2.08% Li2O (from 378.3m to 382.0m).
  • Hole GTDD-22-0128 intersected 6.4m and 22.8m thick pegmatites with significant intercepts:
    • 2.8m @ 1.48% Li2O (from 253.3m to 256.2m); and
    • 3.4m @ 0.86% Li2O (from 322.8m to 326.3m).
  • Hole GTDD-22-0320 intersected 10.7m thick pegmatite with significant intercept of:
    • 10.7m @ 1.49% Li2O (from 458.1m to 468.8m).

Drilling at the Seymour Project is now set to focus on the lateral extents of both the Aubry Complex and Pye Complex.

Pye

On-ground reconnaissance exploration at the broader Pye prospect (Pye Complex) has been very successful in tracing pegmatite exposure north-south along its strike (Pye Eastern Limb) and culminating at the interpreted syn-form keel in the north. Field geologists have also navigated part of the Pye Western Limb in preparation for target reconnaissance, mapping and drilling.

Drill testing is currently underway for major drilling targets at Pye including the axial plane of the Pye syn-form as well as the western and eastern limbs of the syn-form where numerous alternating magnetic highs and lows suggest structural extension and the potential for pegmatite swarm inflows, as have occurred at North Aubry.


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.

GT1:AU
The Conversation (0)
Digital hexagons overlay construction site with an excavator and cloudy sky in the background.

Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

For Ekin Ober, bringing generative artificial intelligence (AI) to the critical metals sector through her work at Aethos Labs wasn’t just about technological innovation — it reshaped how she thinks about strategy and sustainability in mining.

Now a principal at Kinterra Capital, Ober applies that broad, cross-disciplinary lens to investment decisions, emphasizing the importance of digital fluency, stakeholder alignment and long-term viability.

Her experience helps her identify operational bottlenecks and social license challenges early — essential in guiding assets like nickel and copper projects from concept to production.

Keep reading...Show less
Stacks of US$100 bills with upward-pointing wooden arrows.

Chris Berry: The West Must Invest in Refinement Now or Fall Further Behind

China’s grip on the battery metals sector has drawn increasing scrutiny in recent years as nations confront growing concerns around supply chain risk and resource security.

Through a blend of domestic output and aggressive overseas investment, particularly in Africa and South America, Chinese companies now command a significant share of upstream supply.

The country is responsible for roughly 60 percent of global rare earths production and controls over 70 percent of cobalt supply through its stakes in mines across the Democratic Republic of Congo.

Keep reading...Show less
Magnifying glass focusing on the Albemarle website logo.

Albemarle's Commitment to Sustainability Shines in New Report

As global demand for critical minerals intensifies, Albemarle (NYSE:ALB) continues to position itself as a global leader not only in lithium production but also in sustainable practices.

In its newly released 2024 sustainability report, titled “Values-Led, Purpose-Driven,” the company underscores its commitment to reducing its environmental footprint across six continents, supporting global supply chains and promoting human rights across operations.

From cutting freshwater intensity at its Chilean operations by 28 percent to procuring 24 percent of its electricity from renewable sources, Albemarle is striving to grow its energy storage business while keeping carbon emissions flat, as it translates ESG goals into action.

Keep reading...Show less
Metallic battery with a world map etched on it, against a dark background.

3 Key Themes from Fastmarkets' 2025 Lithium Supply & Battery Raw Materials Event

Market volatility, Chinese control, supply chain risk mitigation and financing emerged as some of the most prevalent themes at the 2025 Fastmarket’s Lithium Supply Battery Raw Materials (LBRM) conference in Las Vegas.

The event, which is in its 17th year, drew a crowd of roughly 1000 delegates, industry experts and analysts, to discuss the current landscape and future projections of the battery materials sector.

During his opening remarks, Fastmarkets CEO Raju Daswani highlighted the growth and maturation the battery raw materials sector has experienced.

Keep reading...Show less
Metals Australia (ASX:MLS)

Metals Australia


Keep reading...Show less

Latest Press Releases

Related News

×