CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) executive chairman Dr Steve Kesler talked with Proactive's Stephen Gunnion about the company’s updated resource estimate for the Laguna Verde project in Chile and its broader development plans.
Kesler highlighted the updated resource estimate of 1.95 million tonnes of lithium carbonate equivalent (LCE) within the Laguna Verde Basin, with 1.63 million tonnes located in a CEOL polygon where the company holds over 80% of mining licenses. This progress supports the company's application for a Special Lithium Operation Contract (CEOL), which will be formally submitted to the Chilean government by the end of January.
The company is also preparing for an ASX listing and plans to complete its pre-feasibility study (PFS) by the end of the quarter. Montgomery & Associates, experts in lithium brine resource estimation, have reviewed the resource data and recommended additional drilling and feasibility work for further resource expansion and technical validation.
Kesler emphasised that these efforts align with CleanTech Lithium’s strategy to secure strategic investors and finance the project through its next stages, including the DFS and permitting phases. He also mentioned that additional drilling and larger-scale pilot plant production are planned for 2025 to enhance the resource and attract investors.
#CleanTechLithium #LithiumResources #LagunaVerde #ChileMining #LithiumCarbonate #ASXListing #RenewableEnergy #GreenTech #BatteryMetals #LithiumInvestment