CleanTech Lithium commences new resources drilling programme in Chile

Highlights:

• Drill rig mobilisation and establishment of drillers camp and support services now completed with the drilling of the first of five planned wells, LV07, having started on 4 January 2024.
• Drill programme to target upgrade of existing JORC resource and to convert resources into reserves.
• Generation of a reserve estimate of lithium carbonate equivalent (LCE) is to be included in the Project’s pre-feasibility study and ultimately the project’s production plan.
• CTL has engaged leading hydrogeology and resource estimation consultant Montgomery & Associates for the resource drill programme and JORC reserve report.
• The programme will include reinjection testing to further define the brine extraction and reinjection model, as the company continues to be a leader in advancing a direct lithium extraction (DLE) based sustainable lithium production model in Chile.

Aldo Boitano, Chief Executive Officer, CleanTech Lithium said: “We are excited to start off the new year with another active drilling programme at our flagship project, Laguna Verde. The aim of this drilling programme is to upgrade the current JORC resource, converting resources into reserves. This provides a key input into the pre-feasibility study and will inform the environmental impact assessment, all of which will support CTL’s conversations with potential strategic partners.

We are working with a leading international consultant, Montgomery & Associates, to deliver the resource drill programme which will include reinjection testing. The reinjection of spent brine is key to minimising aquifer depletion. Furthermore, we are expecting results from our DLE test work and first eluate production from our pilot plant in the coming weeks. We are looking forward to a busy and highly productive 2024.”

Read the article online at: https://www.globalminingreview.com/mining/08012024/cleantech-lithium-commences-new-resources-drilling-programme-in-chile/