Thick 40m Intersection @ 1.54% Li2O Confirms Significant Upside Potential

Green Technology Metals Limited (ASX:GT1) (GreenTechnology, GT1 or the Company) is pleased to announce that assay results have been returned for the first drill hole of the Phase 1 diamond drilling at the North Aubry deposit within its Seymour Project in Ontario, Canada.

HIGHLIGHTS

• Significant lithium bearing pegmatite intersected in the first hole (GTDD-21-0004) completed in Phase 1 extensional diamond drilling at the North Aubry deposit (Seymour Project).
• The intercept of 40m @ 1.54% Li2O (from 244m downhole) confirms pegmatite continuity and thickening down-dip of at least 50m beyond the margins of the existing Mineral Resource estimate.
• This hole is the first of an 11-hole, 3,500m drilling program, seeking to expand the current Seymour Mineral Resource estimate of 4.8 Mt @ 1.25% Li2O.
• Seymour drilling has now recommenced for 2022 with the second hole in progress and a second diamond drill rig also currently setting up on site.
• The Phase 1 program is expected to be completed during March 2022

The first hole completed, GTDD-21-0004, was targeting downdip extensions beyond a historical intercept and has returned a thick and continuous intercept of 40m @ 1.54% Li2O (from 244m downhole; see Table 1), confirming GT1’s geological modelling and drill targeting. This result represents an excellent start to the Phase 1 drilling program and delivers immediate potential for growth in the existing Seymour Mineral Resource estimate of 4.8 Mt @ 1.25% Li2O.

The Phase 1 program at Seymour, consisting of a planned 11 holes for approximately 3,500m, is designed to evaluate potential along-strike and down-dip extensions of the North Aubry deposit that are currently open and untested. The Phase 1 drilling is seeking to aggressively expand the existing Seymour Mineral Resource estimate, with the program expected to be completed during March 2022.

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