Business
Operations, Corporate Update & Resource Drilling
Operations, Corporate Update & Resource Drilling.
About this update from Cleantech Lithium Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0606H\n CleanTech Lithium PLC\n 04 April 2022\n \n \n \n \n To view the release with pictures of project locations and drill programme maps please click this link: http://www.rns-pdf.londonstockexchange.com/rns/0606H_1-2022-4-3.pdf\n \n 4 April 2022\n \n CleanTech Lithium PLC (\"CleanTech Lithium\" or the \"Company\")\n Operations and Corporate Update\n Resource Drill Programmes Progressing at Laguna Verde and Francisco Basin Lithium Projects\n \n CleanTech Lithium PLC (AIM: CTL), an exploration and development company, advancing the next generation of sustainable lithium projects in Chile, announces an operations and corporate update, following its recent Admission to AIM, in line with its stated strategy to produce low or zero emissions lithium, a critical advantage in the fast-growing EU market, by H2 2024.\n \n Overview\n \n \n \n \n ·\n Resource drilling at its two projects Laguna Verde and Francisco Basin, located in the lithium triangle - the world's centre for battery grade lithium production, is progressing well and as planned\n \n · \n Drilling has confirmed the presence of sub-surface brine aquifers in both projects \n \n · Brine analysis results from six holes of an eight-hole programme (4 holes at Laguna Verde and 2 holes at Francisco Basin) expected in Q2 2022\n \n · \n An upgraded JORC compliant resource estimate for Laguna Verde and a maiden resource estimate for Francisco Basin targeted for Q2 2022\n \n · \n Updated JORC compliant resource estimate at Laguna Verde to provide basis for Pre-Feasibility Study\n \n · 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\n \n · CEOL application for production licence to be re-submitted in line with new Government and administration process\n \n Commenting, Aldo Boitano, Chief Executive Officer, of Cleantech Lithium PLC, said:\n \n \n \"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 H2 2024. The resource drilling programmes at Laguna Verde and\n \n Francisco Basin are\n \n an important step of this journey.\n \n \n \"The resource dril...