CleanTech Lithium PLC (AIM:CTL) has confirmed the presence of sub-surface brine aquifers at both of its projects in the prolific Lithium Triangle in Chile.
Resource drilling at Laguna Verde and Francisco Basin is progressing well and as planned.
Results from six holes are expected during the second quarter of this year, as are an upgraded JORC resource for Laguna Verde and a maiden resource estimate for Francisco Basin.
The updated resource estimate at Laguna Verde will provide the basis for a pre-feasibility study.
Separately, CleanTech has been admitted as a new member of the National Mining Society in Chile - SONAMI, a Chilean trade association that represents and supports the advancement of mining activity in Chile.
"As outlined in our recent Admission to AIM announcement, it is our intention to produce low or zero emissions lithium, a critical advantage in the fast-growing EU market, by the second half of 2024,” said Aldo Boitano, chief executive of CleanTech Lithium PLC (AIM:CTL).
“The resource drilling programmes, which commenced in January 2022 at Laguna Verde and in March 2022 at Francisco Basin, are progressing well and importantly, in line with management's expectations, confirming the presence of sub-surface brine aquifers at both projects.”