Business
Interim Results for the period ended 30 June 2023
Interim Results for the period ended 30 June 2023.
About this update from Clontarf Energy Plc
[{"type":"text","content":"\n\n25 September 2023\n\n\nClontarf Energy plc\n(\"Clontarf\" or the \"Company\")\n \nInterim Statement for the period ended 30 June 2023\n \nClontarf Energy plc (AIM: CLON), the energy company focused on Australia, Africa and Bolivia, announces its unaudited financial results for the six months ended 30 June 2023:\n \nHighlights\n \n• Formation of a comprehensive joint venture with breakthrough Direct Lithium Extraction (\"DLE\") technology developers NEXT-ChemX (the \"JV\").\n \n• Brine samples from five priority salares provided by the Bolivian State Lithium Company for testing.\n \n• All samples successfully navigated the US Customs checks without setbacks.\n \n• The JV's pilot plant components have now largely been assembled at sub-contractor facilities.\n \n• Technical improvements including development and perfection of state-of-the-art German-engineered sensors, to improve performance.\n \n• Pilot plant construction, including assembly of innovative components, will shortly be underway in Texas, after which testing will begin.\n \n• Subject to test results and Bolivian laws, Clontarf plans to run large-scale production testing to fine-tune the process.\n \n• Under applicable laws, the JV is ready to construct mobile pilot plants to process brines at different salares in Bolivia and neighbouring countries.\n \n• Clontarf has been invited to participate in European Union initiatives to deliver battery-grade lithium salts to European automotive, grid storage and mobile electronics industries.\n \n• The Bolivian authorities have adopted the suggestion to conduct a bid-round on medium-sized salares, certain of which Clontarf has reviewed and sampled.\n \n• Ratification discussions on Tano 2A block with Ghanaian authorities continue - though the authorities have sought to re-negotiate (to their benefit) at the acreage and fiscal terms previously agreed. A new realism seems evident.\n \n• Further Australian drill targets are under consideration, especially for gas to serve the dynamic liquified natural gas (\"LNG\") market.\n\n\nChairman's Statement\n \nRecent months have witnessed accelerated field-work on several fronts:\n \nClontarf teams have conducted further sit...