CleanTech Lithium (CTL) (AIM:CTL,FWB:T2N,OTC:CTLHF) is a resource exploration and development company with four lithium assets with an estimated 2.7 million tonnes (Mt) of lithium carbonate equivalent (LCE) in Chile’s Lithium Triangle, a world-renowned mining-friendly jurisdiction. The company’s mission is to be a leading supplier of ‘green’ lithium to the electric vehicle (EV) market by using direct lithium extraction (DLE) – a low-impact, low-carbon and low-water method of extracting lithium from brine – powered by renewable energy sources.
Lithium demand is soaring as a result of a rapidly expanding EV market. One study estimates the world needs 2 billion EVs on the road to meet global net-zero goals. Yet, the gap between supply and demand continues to widen. As the world races to secure new supplies of the critical mineral, Chile has emerged as an ideal investment jurisdiction with mining-friendly regulations and a skilled local workforce to drive towards a clean green economy.
With an experienced team in natural resources CleanTech Lithium holds itself accountable to a responsible ESG-led approach, a critical advantage for governments and major car manufacturers looking to secure a cleaner supply chain.
The company’s assets are all located in Chile and amenable to eco-friendly development. Laguna Verde, CleanTech’s flagship asset, is poised for near-term green lithium production by the end of 2025, with a resource estimate of 1.8 Mt of lithium carbonate equivalent (LCE). Approximately 100 kilometers south of Laguna Verde is the company’s second flagship asset, Francisco Basin, with a JORC-compliant inferred resource estimate of 0.5 Mt of LCE. Both projects are more than 4,200 meters above sea level posing minimal risk to biodiversity and impact on local communities.
The Llamara Project is a greenfields asset located in the Antofagasta region and is around 600 kilometers north of Laguna Verde and Francisco Basin. The area totalling 344 square kilometers is located in the Pampa del Tamarugal basin, one of the largest basins in the lithium triangle.
CleanTech Lithium is committed to an ESG-led approach and supporting its downstream partners by producing the greenest lithium in the market. In line with this, the company will use renewable energy and the eco-friendly DLE process across its projects. DLE is widely considered the best option for lithium brine extraction that makes the least environmental impact, with no evaporation ponds, no carbon-intensive processes and reduced levels of water consumption. In recognition, Chile’s government plans to prioritize DLE for all new lithium projects.
Chile is rapidly becoming a world-leader in renewable energy and has ambitious goals of converting 70 percent of its total energy consumption to renewables by 2030. This strategy provides CleanTech the opportunity to power its Chile operations with clean energy. The country has the most lithium reserves globally, with 9.3 million metric tonnes.
CTL’s experienced management team, with expertise throughout the natural resources industry, leads the company towards its goal of producing green lithium for the EV market. Expertise includes geology, lithium extraction engineering and corporate administration.
*DLE plants operating successfully in Argentina and China
The company’s flagship Laguna Verde asset covers 15.2 square kilometers with a prolific JORC-compliant resource estimate and is on course for near-term production by late 2025. The project is also ideally located for transporting lithium, with a paved highway running from the project to the major mining center of Copiapó.
CleanTech Lithium’s secondary asset covers 110 square kilometers, with a current resource estimate indicating high-grade lithium for the global battery market. The company will soon begin its second drill campaign to extend known deposits further.
The Llamara project is one of the largest greenfield basins in the Lithium Triangle, covering 344 square kilometers of claims that have never been drilled. However, historical exploration results indicate blue-sky potential, prompting the company to pursue additional exploration.
Steve Kesler has 45 years of executive and board roles experience in the mining sector across all major capital markets including AIM. Direct lithium experience as CEO/director of European Lithium and Chile experience with Escondida and as the first CEO of Collahuasi.
Gordon Stein is a commercial CFO with over 30 years of expertise in the energy, natural resources and other sectors in both executive and non-executive director roles. As a chartered accountant, he has worked with start-ups to major companies, including board roles of six LSE companies.
Tommy McKeith is an experienced public company director and geologist with over 30 years of mining company leadership, corporate development, project development and exploration experience. He's held roles in an international mining company and across several ASX-listed mining companies. McKeith currently serves as non-executive director of Evolution Mining and as non-executive chairman of Arrow Minerals. Having worked in bulk, base and precious metals across numerous jurisdictions, including operations in Canada, Africa, South America and Australia, McKeith brings strategic insights to CTL with a strong focus on value creation.
Jonathan Morley-Kirk brings 30 years of experience, including 17 years in non-executive director roles with expertise in financial controls, audit, remuneration, capital raisings and taxation/structuring.
Maha Daoudi has more than 20 years of experience holding several Board and senior-level positions across commodities, energy transition, finance and tech-related industries, including a senior role with leading commodity trader, Trafigura. Daoudi holds expertise in offtake agreements, developing international alliances and forming strategic partnerships.
Dermot Boylan - Group Financial Controller
Dermot Boyla is a fellow of the Institute of Chartered Accountants Ireland. Dermot brings extensive international, technical, corporate and commercial finance experience from the natural resources sector and more recently from within the small-cap AIM-listed corporate environment.
Alvaro Florez Keim joins CTL as legal manager in Chile. Alvaro is a lawyer qualified in Chile and Australia, with 12 years of experience focused on mining, corporate matters and project development in Chile and Australia.
Marcela Sepúlveda is a professional with more than 15 years of experience in areas related to community development, with focus on the development of local skills, promotion of territorial development and the creation of public, private and community alliances. Worked in the mining industry, mainly in the Atacama Region and in the NGO sector.
Rodrigo Rivas is a metallurgical engineer with extensive experience in quality management, processes and production of lithium carbonate and hydroxide plants. He was directly responsible for the start and development of battery-grade lithium production at SQM and Orocobre.
Geraldine Carmona joins CTL as finance manager in Chile and is a certified public accountant in both Venezuela and Chile. Geraldine gained extensive experience from her time at PwC and KPMG. Since moving from practice to industry, Geraldine has focused on working with environmental and renewable energy companies in Chile.
Sabine Macaya is an industrial engineer and mathematician with more than 25 years of experience in operations of multinational companies from different industries such as mining, retail, pharmaceuticals, achieving successful results leading to an ascending career to corporate level.
CleanTech Lithium PLC (AIM:CTL, Frankfurt: T2N, OTCQX: CTLHF), an exploration and development company advancing lithium projects in Chile, announces that the operation of the Company´s pilot plant has commenced and is producing lithium chloride eluate from the Direct Lithium Extraction (DLE) process.
Pilot Plant Highlights:
Commenting, Aldo Boitano, Chief Executive Officer, of CleanTech Lithium PLC, said:
"I am very pleased to inform the market that our pilot plant has commenced operation with the first volume of lithium chloride eluate produced. Batches of concentrated eluate will be shipped to North America to be converted into battery grade lithium carbonate by a third-party processor. This pilot plant plans to produce significant quantities of battery grade product for evaluation by potential strategic partners, making CTL one of the few companies in the sector to produce pilot scale volumes of battery grade product. The pilot plant positions CTL as a leader in the sector and in Chile, with first eluate production representing a significant milestone for the Company."
Further Information
The Company´s pilot plant, which is located at the Company´s R&D Centre in Copiapó, some 250km from Laguna Verde, underwent an extended commissioning phase which is now completed. Washing and adsorbent activation protocols were completed, and filtering equipment and a reverse osmosis (RO) unit installed. Brine from the Laguna Verde project is stored in a large 243,000 litre vessel outside the pilot plant, which is fed into an indoor tank having passed through filtration to remove suspended solids. It is then fed into the DLE columns shown in Figure 1, which are filled with adsorbent designed to be selective for lithium molecules. Lithium, as lithium chloride, is adsorbed from the brine, before desorption with water to create a lithium chloride eluate. DLE acts as a purification stage recovering lithium chloride from the brine whilst rejecting more than 99% of other impurities. First production of lithium chloride eluate was completed in the past week.
A RO unit at the plant will be used to concentrate the eluate, with the concentrated eluate to be shipped to North America for the downstream conventional processing stages and conversion into battery-grade lithium carbonate.
Figure 1: Pilot Plant Multi-Valve Feeding Brine to DLE Columns (approx. 2.5 metres high)
Downstream Processing into Battery-Grade LithiumCarbonate
For the conversion of the concentrated lithium chloride eluate into battery-grade lithium carbonate, CTL has engaged Conductive Energy based in Alberta, Canada, which has a conversion facility in Chicago, USA. Concentrated eluate will be shipped in batches on a monthly basis to this facility (see Figure 2). The first step will be to further concentrate the eluate using Forward Osmosis (FO), with an FO unit provided by Forward Water Technology, another Canadian company based in Ontario. FO achieves a high concentration factor with low energy use.
|
|
|
Figure 2: Conductive Energy - Milling and Refining Equipment, Continuously Stirred Tank Reactor, and Lithium Carbonate product in Chicago, USA (pictures left to right)
Following FO, the conversion process stages undertaken by Conductive Energy, involve polishing to remove trace impurities, carbonation to precipitate lithium carbonate, solid/liquid separation and drying. These standard industry processes for lithium carbonate production are reflective of the conversion process CTL plans to use at a commercial scale for the Laguna Verde project. Samples of the lithium carbonate product will be analysed by Conductive Energy and a third-party independent laboratory to confirm the benchmark of 99.5% Li2CO3 is achieved for battery-grade lithium carbonate. The product will be packaged for shipping to potential strategic partners and off-takers for product verification in the coming months.
**ENDS**
Notes:
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. The person who arranged for the release of this announcement on behalf of the Company was Gordon Stein, Director and CFO.
For further information contact: | ||
CleanTech Lithium PLC | ||
Aldo Boitano/Gordon Stein | Jersey office: +44 (0) 1534 668 321 Chile office: +562-32239222 | |
Or via Celicourt | ||
Celicourt Communications | +44 (0) 20 7770 6424 | |
Felicity Winkles/Philip Dennis/Ali AlQahtani | ||
Harbor Access - North America Jonathan Paterson/Lisa Micali | +1 475 477 9401 | |
Porter Novelli - Chile Ernesto Escobar | +569 95348744 Ernesto@publicoporternovelli.cl | |
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak | +44 (0) 207 628 3396 | |
Canaccord Genuity (Joint Broker) James Asensio | +44 (0) 207 523 4680 | |
Fox-Davies Capital Limited (Joint Broker) | +44 20 3884 8450 | |
Daniel Fox-Davies |
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
About CleanTech Lithium
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to produce material quantities of sustainable battery grade lithium products using Direct Lithium Extraction technology powered by renewable energy. The Company plans to be a leading supplier of 'green' lithium to the EV and battery manufacturing market.
CleanTech Lithium has four lithium projects - Laguna Verde, Francisco Basin, Llamara and Salar de Atacama - located in the lithium triangle, a leading centre for battery grade lithium production. The two major projects: Laguna Verde and Francisco Basin are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have direct access to existing infrastructure and renewable power.
CleanTech Lithium is committed to using renewable power for processing and reducing the environmental impact of its lithium production by utilising Direct Lithium Extraction with reinjection of spent brine. Direct Lithium Extraction is a transformative technology which removes lithium from brine, with higher recoveries than conventional processes. The method offers short development lead times with no extensive site construction or evaporation pond development so there is minimal water depletion from the aquifer. www.ctlithium.com
Visit CleanTech Lithium (AIM: CTL) (OTCQX: CTLHF) at Booth #2610 at the Prospectors & Developers Association of Canada's (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 3 to Wednesday, March 6, 2024.
About CleanTech Lithium
Join CEO, Aldo Boitano, and Head of Communications and ESG, Nick Baxter, at PDAC 2024. Booth 2610. CleanTech Lithium PLC (AIM: CTL) (FSE: T2N) (OTCQX: CTLHF) is an exploration and development company, advancing sustainable lithium projects in Chile for the clean energy transition. CleanTech Lithium's mission is to produce material quantities of battery grade lithium using efficient Direct Lithium Extraction technology, powered by renewable energy. CleanTech Lithium has four lithium projects - Laguna Verde, Francisco Basin, Llamara and Salar de Atacama - located in the lithium triangle, the world's centre for battery grade lithium production. The two major projects: Laguna Verde and Francisco Basin are situated within basins controlled by CleanTech Lithium, which affords significant potential development and operational advantages. Any investors interested in a meeting please contact: Jonathan.Paterson@Harbor-access.com.
About PDAC
The World's Premier Mineral Exploration & Mining Convention is the leading convention for people, governments, companies and organizations connected to mineral exploration. In addition to meeting more than 1,100 exhibitors, 2,500 investors and 24,000 attendees in person in 2023, participants could also attend programming, courses and networking events.
The annual convention is held in Toronto, Canada. It has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world's mineral industry.
For more information and/or to register for the conference please visit: https://www.pdac.ca/convention.
We look forward to seeing you there.
For further information:
CleanTech Lithium
Nick Baxter
nbaxter@ctlithium.com
LinkedIn
www.ctlithium.com
News Provided by Newsfile via QuoteMedia
Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Harbor Access Global SMID Virtual Investor Conference, held November 16 th are now available for online viewing.
REGISTER NOW AT : https://bit.ly/47FNXON
The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download
investor materials from the company's resource section.
Companies are accepting 1x1 management meeting requests through November 21 st .
November 16 th
| Presentation | Ticker(s) |
| Ecora Resources PLC | OTCQX: ECRAF | TSX: ECOR |
| Lithium Ionic Corp. | OTCQX: LTHCF | TSXV: LTH |
| MustGrow Biologics Corporation | OTCQB: MGROF | TSXV: MGRO |
| Boardwalktech Software Corporation | OTCQB: BWLKF | TSXV: BWLK |
| CleanTech Lithium PLC | OTCQX: CTLHF | AIM: CTL |
| EnviroGold Global Limited | OTCQB: ESGLF | CSE: NVRO |
| VSBLTY Groupe Technologies Corp. | OTCQB: VSBGD / VSBGF | CSE: VSBY |
| Amerigo Resources Ltd. | OTCQX: ARREF | TSX: ARG |
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .
About Virtual Investor Conferences ®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Media Contact:
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com
Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
News Provided by GlobeNewswire via QuoteMedia
Forward Water Technologies (TSXV:FWTC) is helping lithium mining companies and other industries reduce their environmental impact through its innovative wastewater treatment technology that enables industrial operations to reduce liquid waste volume by up to 95 percent.
Environmental, social and governance (ESG) ratings continue to be a key business strategy for organizations as they impact public perception and partnership possibilities. For water-intensive industries, such as mining, sustainable wastewater management is critical.
Transformative wastewater technologies are critical for both businesses and the world’s population. In fact, unless sufficient progress is achieved, UNICEF and WHO estimate that 1.6 billion people will be without access to safe drinking water by 2030, and 2.8 billion will be without access to safe sanitation and hygiene. Water treatment technologies can disrupt current trends and improve global access to safe drinking water.
Through its Forward Osmosis (FO) technology, Forward Water is providing an environmentally friendly alternative to traditional wastewater disposal. Traditionally, wastewater disposal requires transporting untreated wastewater for deep well disposal or high-intensity thermal treatment.
Forward Water’s FO system is installed at the client site, and wastewater is treated to reduce waste volume and produce valuable clean water for reuse in the manufacturing process. Then, the significantly reduced volume of wastewater is transported and disposed of, significantly saving on transportation and disposal costs.
The FO technology targets three massive sectors: industrial wastewater, mining and food manufacturing. Forward Water’s unique and patented FO technology achieves high-rate water extraction within a low-energy continuous process. The process reduces waste and allows up to 95 percent water recovery, ready for reuse.
Forward Water’s Li-FO™ technology is ideal for lithium-brine mining operations, allowing mines to “fine tune” brine sources to improve concentration by up to 20 times. This results in improved recovery and makes lower-concentration brines economically viable. Forward Water is currently embarking on an early development testing project to further evaluate and refine the technology’s viability in lithium mining.
In 2023, the company’s wholly owned subsidiary, Forward Water Technologies Inc., licensed specific intellectual property from FUJIFILM Corporation to solidify the protection of its water treatment technology platform.
CleanTech Lithium (AIM:CTL,Frankfurt:T2N,OTC:CTLHF) has contracted FWT to provide advisory services for the support and development of CleanTech Lithium's direct lithium extraction (DLE) process in Chile. The collaboration will use FWT’s industrial forward osmosis system in the hyper-concentrating of CleanTech Lithium's eluate and its conversion into battery-grade lithium carbonate through Conductive Energy's DLE process.
Howie Honeyman, CEO, explained in an interview how the company’s technology can improve lithium mining operations. “A lot of lithium being mined today around the world is coming from underground aquifers that store the lithium brine. The challenge is that the lithium is surrounded by other minerals and salts, requiring chemical ‘tweezers’ to pluck out that lithium. What we can do is, at multiple places in that process, we can concentrate that lithium-containing water stream, which makes it far easier for these miners to handle the volumes they need to extract that lithium.”
An experienced management team with technical expertise leads the company towards further refining and deploying its technology. The team includes experts in materials science, chemistry and engineering. Additional experts in corporate administration and financing round out the leadership team to lead the company toward its goals.
Forward Osmosis is a naturally occurring process in which water is spontaneously drawn across a membrane when one solution is higher in salt concentration than the other. The difference in salinity, known as the osmotic gradient, creates a low-energy water treatment process.
Forward Water Technologies has leveraged the naturally occurring process to innovate its patented, three-step FO technology, enabling a 95 percent wastewater reduction and 95 percent water recovery.
Dr. Howie Honeyman has 20 years of experience commercializing new technologies at Xerox, Cabot, E Ink, Natrix Separations and as former CTO of GreenCentre Canada. Honeyman commercialized high-capacity, high-throughput membranes for bioprocessing as SVP of Natrix Separations, which has since been acquired by Millipore-Sigma. Since 2015, Honeyman has been leading Forward Water to become a premier wastewater treatment solution. Honeyman is also an inventor of record on over 50 US patents and holds a PhD in chemistry from the University of Toronto.
Michael Willetts has over 25 years in financial leadership roles primarily in manufacturing, from large multinational businesses to startups, both public and private. He previously worked as an engineer in the automotive industry before entering into finance at Ford Motor Company. Willets went on to progressively larger finance roles in several international automotive suppliers (Textron, GKN, DSM) and Canadian manufacturers (Armtec, Stronach International, AirBoss of America). Willetts is currently providing fractional CFO services through WD Numeric Corporate Services in the manufacturing, SaaS and cannabis industries. Willetts graduated with a BASc, BComm and MBA from the University of Windsor.
Dr. Wayne Maddever received his Ph.D. in materials science engineering from the University of Toronto. Since 1985, he has held senior executive management positions with technically based businesses in start-up, turnaround or acquisition situations where his skills in change management have brought considerable success in the commercialization of new technologies. His experience in both private and public companies, domestically and internationally, spans a broad variety of industries, including bio and advanced materials, precision manufacturing, recycling, waste-to-energy and medical devices. He holds a number of patents in several fields. He is a fellow of the Canadian Academy of Engineering. In addition to his duties as COO of Forward Water, he is currently portfolio manager at Bioindustrial Innovation Canada, one of the major shareholders of Forward Water.
Grant Thornley is a business strategist with more than 25 years of experience. He has developed and grown international water/wastewater markets through innovative growth hacking techniques and processes, synergized with product development and positioning, data analytics and acceleration of go-to-market strategies through alliances and partnerships. Having expertise in chemical, mechanical and biological treatment processes as well as designing hundreds of municipal and industrial applications, Thornley brings a knowledge-to-action approach to helping clients solve problems and realize new opportunities in water reuse, energy conservation and CO2 reduction.
Leonard Seed has over 18 years of experience developing and commercializing new water and wastewater treatment technologies, primarily in a start-up environment. Seed is named as an inventor on over seven patents and has authored several publications. Seed is a professional engineer and has an MSc in environmental engineering from the University of Guelph. Leonard holds inventorship on seven US patents and is an instructor at Mohawk College teaching aspects of water treatment technologies and leading research efforts on forward osmosis.
Dr. Philip Jessop is a professor and Canada Research Chair of Green Chemistry at the Department of Chemistry, Queen’s University in Kingston, Ontario. He also serves as the technical director of GreenCentre Canada and executive research director at Forward Water Technologies. After his Ph.D. (British Columbia, 1991) and a postdoctoral appointment (Toronto, 1992), he became a contract researcher in Japan working for R. Noyori (Nobel Prize 2001). As a professor at the University of California-Davis (1996-2003) and since then at Queen’s, he has studied green solvents and the chemistry of carbon dioxide. Distinctions include the NSERC Polanyi Award (2008), Killam Research Fellowship (2010), Canadian Green Chemistry & Engineering Award (2012), Eni Award (2013), Fellowship in the Royal Society of Canada (2013), a Canada Research Chair Tier 1 (2013 to 2020), and the NSERC Brockhouse Prize (2019). He serves as chair of the editorial board for the journal Green Chemistry, has chaired three international conferences, and helped create GreenCentre Canada, a national center of excellence for the commercialization of green chemistry technologies. Forward Water is a spin-off company based on Dr. Jessop’s switchable solvents.
Highlights
Solonópole Project, Ceará, Brazil
Napperby Project, Northern Territory, Australia
Corporate
Solonópole Project, Ceará State, Brazil
The Solonópole Project area is located in the state of Ceará, north-eastern Brazil and consists of ten (10) exploration permits covering approximately 124km2 (Figure 1), owned by Oceana’s subsidiary Ceará Litio. The project is approximately three to four hours by road from the state capital Fortaleza and deep-water port of Pecém, and is well serviced by sealed highways and high voltage electricity.
Figure 1: Solonópole Project permits and targets drilled in May – June 2023 (red dots)
Large-Scale Soil Sampling and Geological Mapping at Solonópole Lithium Project
The large-scale infill soil sampling program that commenced in March 2023 continued over the project area (Figure 2). The optimized sampling grids are along 200m spaced lines with 25m sampling stations, aligned north south to cut across all typical pegmatite strike directions in this area.
As at 31 March 2024, over 10,300 soil samples had been collected from Solonópole and 8,741 soil samples had been analysed by X-Ray Fluorescence (XRF) for Lithium-Caesium-Tantalum (LCT) pathfinders, of which 1,908 soil samples have lab results validated by Oceana´s internal QA/QC. Anomalous lithium values above 100 ppm and up to 631 ppm were found in 383 soil samples within existing and new target areas.
Click here for the full ASX Release
This article includes content from Oceana Lithium, 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.
HIGHLIGHTS
A total of 11 RC holes for 1,623m were drilled to test the main outcropping pegmatites at the Buttamiah Prospect. Additional studies of the outcropping pegmatites in the larger Buttamiah Prospect area including fractionation vectoring using K/Rb ratios suggest the core of the system to be located to the east of the previous drilling.
In addition, the data indicate that LCT pegmatites occur within the granites to the north of the drill area. Further mapping and sampling of pegmatites in these areas as well as over the remaining tenement package has commenced. Focus is to delineate drill targets of higher grades and greater thickness that have the potential to form a significant lithium deposit within the existing LCT system.
Premier1 is fully funded for any subsequent phase two drilling program.
Figure 1: Cross-section of intercepted pegmatites showing significant results >0.05% Li2O.
Figure 2: Geological map of the Buttamiah Prospect with collar locations of completed RC drilling.
Significant intercepts from RC drilling undertaken on the Abbotts North project in February 2024 are shown in Table 1a. Drill collar details are shown in Table 1b.
Click here for the full ASX Release
This article includes content from Premier1 Lithium, 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.
