Green Technology Metals on path to become Ontario's first lithium producer
October 12, 2023 at 03:01 pm
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Green Technology Metals Ltd (ASX:GT1) CEO Luke Cox talks Proactive through an update on its integrated strategy for vertical supply chain development in Canada. The company is advancing on its ambitious three-stage plan to be operational by 2025 with spodumene concentrate production at the Eastern Hub Seymour mine. Subsequent stages will see lithium hydroxide production in Thunder Bay by 2028, followed by an expansion in Root Bay in 2029. GT1 is presenting this strategic update in anticipation of the release of its first comprehensive technical and economic evaluation of the complete mine-to-chemical strategy in Western Ontario.
Cox said: "We're excited about the preliminary results from the down dip extension at the Root Bay deposit, showcasing the presence of thick, high-grade pegmatites extending more than 300 metres below the current drilling depths with open pit and underground potential.
“With the infill drill program results received, we're expediting the process to update the MRE for Root Bay.
“The release of this updated MRE is anticipated in the coming weeks, which has the capability to expand the resource and convert parts of it from inferred to indicated resource category.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
Company Website
https://www.proactiveinvestors.com.au
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Green Technology Metals Limited is an Australia-based vertically integrated lithium company. The Company is focused on the lithium exploration and development business in Ontario, Canada. The Company has a tenement base of approximately 40,797 hectares through the execution of multiple option agreements and tenement pegging activities. The Companyâs projects include Seymour, Root and Wisa. The Seymour Project is located near the township of Armstrong and approximately 250 kilometers (km) north of the city and port of Thunder Bay. The Root Project is located near the First Nation community of Slate Falls and approximately 300 km northwest of Thunder Bay. The Wisa Project is located approximately eight km north of the United States Border and approximately 100 km east of Fort Francis, the border town to the United States.