Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
CleanTech Lithium PLC - Jersey-based lithium exploration and development company focused on Chile - Receives brine assays from the first resource drill hole at Francisco Basin project in Chile. Says assays for the brine samples were received from ALS Chile, an independent laboratory, with a peak grade of 324 milligrams per litre and average grade of 305 mg/L. The company expects to produce a maiden JORC Inferred resource estimate in the coming weeks based on these results.
Chief Executive Officer Aldo Boitano says: ‘We have completed the first resource drill hole at Francisco Basin and are very pleased with the lithium grades and aquifer thickness encountered, representing an important new discovery in the lithium sector.’
Says drilling of the remaining three holes is planned to start from October this year.
Current stock price: 22.01 pence, up 2.4%
12-month change: down 38%
Copyright 2022 Alliance News Limited. All Rights Reserved.