1480: Aldo Boitano of CleanTech Lithium: We are making significant progress across all three of our projects

The Vox Markets Podcast

Aldo Boitano, Chief Executive Officer, of CleanTech Lithium #CTL says their drilling campaigns, which are running simultaneously, are delivering results and are making significant progress across all three of their projects. Highlights below:

Laguna Verde

· LV02 re-sampling in Q2 2023 - assays from re-sampling of well LV02 received, with an improvement in average lithium grade to 203mg/L and a peak grade of 417mg/L lithium
· New wells at LV05 and LV06 completed Q2 2023 - reached drilling depths of 434m and 405m with aquifer thickness of 375m and 342m respectively
· At LV05, 62 samples were collected and analysed with an average lithium grade of 202mg/L, and at LV06 53 samples recorded an average lithium grade of 174mg/L
· Based on the completion of the 2023 drilling and pump test programmes, a JORC resource upgrade is expected in the coming weeks
Francisco Basin

· All three new wells planned for the 2023 drilling campaign completed and two additional wells added to the programme underway to further test the extension of the resource
· JORC resource upgrade expected early Q3 2023
· Scoping Study nearing completion to follow JORC resource upgrade
Llamara

· Exploration drill hole LL01 drilled to ~300m depth, encountered porous sandstone that recorded brine and a gas sequence which, for safety reasons, necessitated hole shut-in
· Brine encountered at shallower depth than expected which is seen as a positive sign
· Following evaluation of seismic data, a second exploration drill hole LL02 has recently commenced, drilling reaching a depth of 183m to date
· Field programme on sampling of surface evaporite deposit to commence in Q3 2023
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