CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) said plans for the current year include sending battery-grade lithium samples to potential strategic partners and off-takers to start product qualification.
This is part of the development of the construction finance to bring Laguna Verde into operation, added Steve Kesler, interim chief executive.
Drilling currently at Laguna Verde will feed into a further resource assessment and a maiden reserve estimation this year, supporting a pre-feasibility study (PFSO scheduled for completion in the third quarter of 2024.
"All this work is part of the plans for the next stage of development of the business", said Kesler.
Laguna Verde and Francisco Basin scoping studies showed post-tax a cash flow value of US$3bn {VPV8] and based on 20,000tpa LCE production for 30-year and 12-year operations respectively.
Losses for the year ended December 31 were £6.9 million (£3.5 million) with cash at the year-end of £6.2 million.