Green Technology Metals (ASX: $GT1) update on Seymour Lithium project

Green Technology Metals Limited (ASX: $GT1) has commenced a 3,000m, 5-hole extensional diamond drill program at the Seymour Lithium project in Ontario, Canada. The program aims to test the potential for underground resource expansion, with the goal of extending the mine life and improving the project's economics. The company is also evaluating different open pit and underground mining approaches to lower costs, capex, and increase production flexibility.

Executive commentary on Seymour Lithium project

Based on feedback from Canadian operators and ongoing efforts to optimize project capex and operational costs, Green Technology Metals is evaluating a combination of open cut and underground development strategy. Preliminary findings suggest that this approach will enhance the project's economics, extend the mine life, and provide greater development flexibility. The company is optimistic about the potential results of the drilling program, which could further increase the North Aubry resource and prove the combined hybrid open pit/underground strategy.

Summary of Seymour Lithium project update

Green Technology Metals (ASX: $GT1) has initiated an extensional diamond drill program at the Seymour Lithium project to expand the North Aubry resource and improve project economics. The company is evaluating different open pit and underground mining approaches to optimize costs and increase production flexibility. The preliminary findings indicate that all options are technically viable and capable of supporting continuous operation of the concentrator with enhanced economics and reduced operating footprint. Following the completion of the drilling program, an updated Mineral Resource will be released, incorporating the extension and infill drilling to be incorporated into the optimized Preliminary Economic Assessment (PEA). The company remains committed to building a respectful relationship with Indigenous Peoples and acknowledges the importance of stewarding Indigenous heritage. Green Technology Metals continues to focus on its North American lithium exploration and development business, aiming to grow resources rapidly and substantially across its projects.