GreenTech Metals put the cherry on top of a transformative year as drilling wraps up in the pegmatite-rich West Pilbara
Special Report: GreenTech Metals has made tremendous progress in 2023, moving from discovery of lithium pegmatites to the completion of a maiden drilling program in a little over six months.
While there is still much more work to be done, GreenTech Metals (ASX:GRE) says this has proved to be a “potentially transformative” year for the company.
Diamond drill holes totalling up to 1,611m have been completed. Two holes were drilled into the Kobe trend and a further two holes at the Southern pegmatite zone, part of the Osborne joint venture (51% GRE: 49% ARV) with West Pilbara neighbour Artemis Resources (ASX:ARV).
The program was aimed at gathering stratigraphic and structural information relating to both pegmatite trends, which will be used to refine a follow-up RC drill program anticipated to get underway in the first quarter 2024.
The Northern LCT pegmatite (Kobe) sits within both the company’s Ruth Well project tenements and the adjoining Osborne JV tenement, boasting a 7.5km of strike where previously reported rock chip samples have returned assay results of up to 2.31% Li2O.
Meanwhile, the Southern LCT pegmatite zone sits within the Osborne JV tenements and comprises a total combined 4km of pegmatite strike along which previous rock chip samples have returned assay results of up to 3.63% Li2O.
“Our maiden drilling has delivered valuable stratigraphic and structural information relating to the subsurface characteristics of these pegmatite zones and will aid in refining the more detailed follow-up drill program,” GRE executive director Thomas Reddicliffe says.
“In light of the recent $1.6b takeover offer for Azure, the West Pilbara is continuing to cement its position as one of the premier global jurisdictions for hard rock lithium exploration.
“GRE is moving quickly with its exploration programs as it continues to reveal the true potential of its significant tenure in the region.”
Upcoming exploration will consist of assessing all surface and drill results and incorporating these new insights into the planning of a follow-up RC drill program.
This program will focus on the Kobe and Southern pegmatite trends as well as selected unresolved lithium soil anomalies, GRE says.
The company has approved relevant programs of work which will facilitate future drill programs on the project tenement.
This article was developed in collaboration with GreenTech Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.