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CleanTech Lithium PLC - Chile-focused lithium exploration and development company - Confirms start of drilling of second well in its recently-commenced drilling programme at Laguna Verde. Programme aims to convert resources into reserves, upgrade the existing resource estimate, 1.8 million tonnes of lithium carbonate equivalent, and further establish commercial opportunity for its brine-based lithium project. CleanTech says two drill rigs are now operating simultaneously. Results from drilling and planned pump test and reinjection tests will be reported during the first half of this year.
Chief Executive Officer Aldo Boitano says: "We are happy with the progress made already by the team at Laguna Verde and look forward to maintaining this momentum throughout the drilling programme...This is yet another positive step towards increasing the commercial value of the project before we engage with strategic partners looking for a reliable supplier of lithium."
Current stock price: 15.50 pence, down 3.1% on Monday evening
12-month change: down 69%
By Emma Curzon, Alliance News reporter
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