Cleantech Lithium's CEO Aldo Boitano said the recent AIM-listee has made ‘terrific strides’ forward with its flagship assets in Chile in the first half of 2022.
“Our drilling campaigns have produced results we are really pleased with and we will continue to drive forward on our work programmes in 2H 2022 to optimise their potential value,” he said in a statement.
"We have also added another asset opportunity of significant potential scale to our portfolio, Llamara, with the formal ratification of the award of these licences expected in the second quarter of 2022 following which we are looking forward to undertaking an exploration well on that asset."
Baitano noted that talks with possible partners for all of its projects should get underway soon.
"We expect to have conversations soon with potential strategic partners once we have completed our scoping studies and when we have upgraded our JORC resources on our projects," he added.
CleanTech was listed on the AIM market in mid-March 2022, raising £5.6mln, with the company having cash of £4.67mln at the end of June 2022.
Losses for the six-month period were £1.53mln, which included approximately £790,000 of non-recurring IPO costs and approximately £340,000 in an accounting write-off to remove the Australian entities from the group.