Gordon Stein, CFO at CleanTech Lithium (CTL), discusses progress on its extensive work programme over the past 5 months with Donld Leggatt from focusIR.
Investors will hear how their programme, probably the most extensive lithium work programme in Chile in for many years has extended its footprint in-country both in terms of acreage licences and how the at a new Atacama project, could become the leading production basin in the world.
Progress on assets
Gordon explains how the business continues to make progress on all fronts; working within the new National Lithium strategy, which CTL is happy to embrace, and engage in positive dialogue with the Chilean Government.
Investors will hear how successful scoping studies have been completed on the larger Laguna Verde Direct Lithium Extraction project and the smaller Fransisco Basin, with a total of 10 wells drilled in six months, many at over 4,400 meters in the Chilean Andres.
As for Llamara, low grade lithium results have been found from one well, and CleanTech are potentially looking to drill another deeper well in the coming drilling season, but recognise it is always unpredictable when entering an unexplored area.
CleanTech has submitted and then resubmitted operating contracts for Laguna Verde and Fransisco Basin. Gordon explains why he thinks these are a gamechanger and amount to a licence to produce lithium in the entire CEOL area, making CTL just the third lithium player in Chile with a right to extract & sell.
DLE Pilot Plant
The SunrResin pilot plant is being assembled in Copiapóo with a second shipment enroute to Chile now and the remaining parts of the plant to be commissioned in 4Q23. CleanTech is looking to deliver up to 1 tonne of lithium concentrate per month to potential buyers and potential strategic parties, who are all watching with interest.
National Lithium Strategy
Gordon explains how he now see’s greater clarity in Chile about what the National Lithium Strategy actually means for both the Company in particular and the Country in general across public/private partnerships and a potential agreement with ENAMI who could take a minority position in the stock.
Investors should add CTL to their watchlist to watch for newsflow about
- Listing on the ASX – increased liquidity
- Commissioning and testing of the DLE pilot plant
- Further drilling campaigns– LV & FB – exploration plays to be decided
- Completion of the Laguna Verde PFS
- Initial results from the DLE plant
- Application approvals for CEOL
- Further JORC upgrades
Cleantech Lithium (CTL)