Granting of Licenses and Operational Plans at Llamara

CleanTech Lithium (AIM:CTL), an exploration and growth firm, advancing the subsequent technology of sustainable lithium tasks in Chile, declares that the entire exploration licences on the potential greenfield challenge masking a complete space of over 344 km² (the “Llamara Venture”) which the Firm utilized for in Q2 2022, have been granted by the Chilean authorities. The Firm plans to start an exploration drilling programme on the challenge within the coming weeks.

Highlights:

· The Llamara Venture is positioned throughout the Lithium Triangle in northern Chile, 600km north of the Firm´s two flagship tasks, Laguna Verde and Francisco Basin

· Historic geophysics traces accomplished by an oil exploration firm exhibits an intensive subsurface low resistivity zone which is interpreted to be a brine aquifer within the challenge space with an aquifer thickness of a number of hundred metres

· The aquifer has not been sampled for lithium, nonetheless elevated lithium grades are recorded in floor evaporite deposits, indicating a lithium supply throughout the basin

· A drilling programme to check the subsurface aquifer will start within the coming weeks with the drilling of a low-cost exploration drill gap, topic to acquiring the mandatory native approvals

· The drill web site was chosen based mostly on info from a geophysics survey which interprets a thick hypersaline aquifer on the location ranging from a depth of roughly 240m

· Individually, a geology advisor has been engaged to finish a discipline and desk-top research on the close to floor evaporite lithium mineral potential within the challenge space

· If a lithium useful resource is established on the greenfield challenge, both based mostly on the subsurface aquifer or floor evaporites, it’s anticipated Direct Lithium Extraction (“DLE”) can be utilised for processing to minimise the environmental influence of lithium extraction

· With drilling programmes on the extra superior Laguna Verde and Francisco Basin tasks ongoing, the Firm is extraordinarily lively with useful resource drilling programmes anticipated to be progressing in any respect three tasks concurrently shortly.

Commenting, Aldo Boitano, Chief Govt Officer, of Cleantech Lithium PLC, stated:

“We’re very happy to have been granted the Llamara licences by the Chilean authorities, permitting us to maneuver ahead with an exploration drilling programme. It is a giant licence space masking 344 km² inside which a historic geophysics survey interprets a thick subsurface brine aquifer. The deliberate drilling will goal to determine if the brine aquifer is enriched in lithium. We may even perform a discipline and desk-top research on the potential for a floor evaporite lithium deposit within the challenge space.

“Drilling programmes to develop current useful resource estimates at our Laguna Verde and Francisco Basin tasks are ongoing with Llamara offering further exploration potential. We’re not conscious of any exploration firm within the lithium sector that has progressed useful resource drill programmes at three tasks concurrently, which additional highlights the standard of the staff we have now in Chile.

“We’ll endeavour to maintain the market updated with our progress and count on to announce the outcomes of the preliminary drilling at Llamara in early Q2 2023.”

Additional Info:

Exploration Drilling Programme to Take a look at Subsurface Brine Aquifer

The first exploration goal on the Llamara Venture is to check the lithium enrichment of a subsurface brine aquifer interpreted from historic geophysics surveys. Inside the challenge space, two geophysics traces based mostly on transient electromagnetics (“TEM”) had been accomplished by an oil exploration firm. The situation of Strains 45 and 24 in relation to the licence space is proven in Determine 1.

Determine 1. Historic Geophysics Strains Intersecting Venture Space

TEM based mostly geophysics present a resistivity sign with the bottom resistivity correlated to brine aquifers, as dissolved salt ions in brine are extremely transmissive. Determine 2 presents the resistivity profile of a number of TEM stations on the japanese aspect of Line 24, that are positioned on the just lately granted licence space. The bottom resistivity band which is proven by the sunshine magenta color scheme measuring resistivity of <1.0 Ohm, is interpreted to correlate to extremely concentrated brine. An exploration drilling gap LM01 is deliberate on the location of TEM station 39, the place the resistivity profile signifies the brine aquifer has an approximate beginning depth of 240m.

Determine 2. Historic Geophysics Strains Intersecting Venture Space

An Aircore drilling rig will likely be mobilised to the location within the coming weeks with the capability to drill to a depth of 700m. The exploration properly is not going to initially be cased or developed as it is a comparatively low-cost drilling methodology designed to intersect the brine aquifer, accumulate brine samples and take a look at the lithium enrichment. The outcomes of this preliminary drilling program are anticipated in early Q2 2023 and will likely be reported to the market.

Analysis of Floor Evaporite Lithium Useful resource Potential

The Firm has engaged a Chilean geological advisor to undertake a discipline and desk-top research to judge the lithium useful resource potential of any close to floor evaporite minerals, shaped by the pure evaporation of brine, within the challenge space. A non-public Chilean firm with licences instantly west of CleanTech Lithium´s challenge has reported an NI43-101 compliant useful resource of 1.2 million tonnes of Lithium Carbonate Equal (“LCE”) at a mean grade of 956ppm Li (peak grade of three,560ppm Li) based mostly on an evaporite deposit.

If a lithium useful resource is established on the challenge both based mostly on the subsurface aquifer or floor evaporites, DLE can be utilised for processing to minimise the environmental influence of lithium extraction.

Competent Particular person

Christian Gert Feddersen Welkner: Geologist and Grasp of Science, main in geology (College of Chile). With greater than 20 years of expertise, Mr Feddersen is a certified individual, as outlined within the AIM Notice for Mining, Oil and Fuel Corporations (June 2009), unbiased of the corporate and a member of the Chile Mining Sources and Reserves Competence Qualifying Fee, a “Recognised Skilled Organisation” (OPR). He’s registered with No. 132 within the public registry of Competent Individuals in Mineral Sources and Reserves, below the Legislation of Competent Individuals and its Rules in pressure in Chile. Mr Feddersen, who has reviewed and authorized the geological info included within the announcement, has enough expertise related to the type of mineralisation and kind of deposit into account and the exercise being undertaken and qualifies as a reliable individual, as outlined within the JORC Code.

-ENDS-

The knowledge communicated inside this announcement is deemed to represent inside info as stipulated below the Market Abuse Rules (EU) No 596/2014 which is a part of UK legislation by advantage of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside info is now thought of to be within the public area. The one who organized for the discharge of this announcement on behalf of the Firm was Gordon Stein, Director and CFO.

Notes

CleanTech Lithium (AIM:CTL) is an exploration and growth firm, advancing the subsequent technology of sustainable lithium tasks in Chile. Proudly sustainable, dedicated to net-zero, our mission is to provide materials portions of battery grade, carbon-neutral lithium utilizing confirmed sustainable Direct Lithium Extraction know-how, powered by clear power, we plan to be the greenest lithium provider to the EV market.

CleanTech Lithium has three potential lithium tasks – Laguna Verde, Francisco Basin and Llamara – positioned within the lithium triangle, the world’s centre for battery grade lithium manufacturing. The Laguna Verde and Francisco Basin tasks are located inside basins completely managed by the Firm, which affords vital potential growth and operational benefits. Llamara is the Firm’s newest greenfield challenge, which gives materials potential upside at a low preliminary value. All three tasks have direct entry to glorious infrastructure and renewable energy.

CleanTech Lithium is dedicated to utilizing renewable energy for processing and decreasing the environmental influence of its lithium manufacturing by utilising Direct Lithium Extraction. Direct Lithium Extraction is a transformative know-how which solely removes lithium from brine, with greater recoveries and purities. The tactic gives quick growth lead occasions, low upfront capex, with no in depth web site development and no evaporation pond growth so there isn’t a water depletion from the aquifer or hurt to the native atmosphere.

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