Green Technology Metals drilling update

Green Technology Metals (ASX:GT1) has announced progress in its drilling activities at the Root Lithium Project in Ontario, Canada. The company is conducting a two-phase diamond drilling program totaling 14,000 meters. Phase 1 aims to expand lithium resources at Root Bay with a deep extensional drill program, while Phase 2 will target Root Bay East.

Overview and future outlook for GT1

Green Technology Metals (ASX:GT1) is progressing with its two-phase drilling program at the Root Lithium Project in Ontario, Canada. Phase 1 has completed 6 of 16 planned drill holes at Root Bay, revealing significant spodumene content in pegmatite intercepts, which suggests high lithium grades. Phase 2 will commence in November 2024, focusing on further delineating resources at Root Bay East. The company aims to update its Mineral Resource estimate following initial assay results. GT1 is committed to expanding its lithium resource potential and advancing its strategy to become a leading lithium business. The company emphasizes respectful collaboration with Indigenous partners and plans further exploration to confirm its resource expansion.

Executive insights on drilling progress

The ongoing results from our drilling activities at the Root Lithium Project are promising and indicate significant potential for expanding our lithium resources. The visual estimates of spodumene content suggest high lithium grades, and we remain optimistic about the outcome of the remaining drill holes and the subsequent resource updates. We are committed to advancing our exploration targets and supporting our strategy to become a leading vertically integrated lithium business in Ontario.