Green Technology Metals Ltd (ASX:GT1) has multiple development activities underway at its flagship Seymour Lithium Project in Canada, as it strides toward the project construction phase in 2024.
At the office, the company’s permitting remains on track with ‘significant’ milestones being achieved, including:
- experienced permitting team established in Ontario;
- formal submission of project definition to the Ontario Minister of Mines to initiate permitting process;
- the third year of baseline environmental assessments is underway; and
- mining lease application submitted and survey instructions received.
At Thunder Bay, a suitable land package was identified and secured for a lithium conversion facility.
In order to strengthen indigenous relations, GT1 has appointed Roger Souckey as VP of communities to lead the indigenous engagement and agreement negotiations.
What’s more, a new office was established in Toronto and a project development manager was engaged to lead the PEA and feasibility study.
Construction ready next year.
GT1 chief executive officer Luke Cox said: “We are swiftly moving into a development phase at our flagship project with multiple development activities running across the business to allow us to be construction-ready next year.
'We have successfully expanded our team to include experts in permitting, community consultation and project studies within the Ontario region.
“At GT1 we acknowledge and respect all traditional custodians of the land in which we operate and are committed to meaningful consultation with our Indigenous partners and their representatives as we look to progress our project with their support and approval.
“Exploration will continue across the region as we develop our resources that will feed a centralised processing hub at Seymour and in parallel the team will continue to work through the environmental studies, permitting and development discussions with our indigenous community partners.”
The land package acquisition is subject to environmental due diligence to determine its viability, permit approval capability and acceptability to the local community.
Permitting timeline
About the company
GT1 is a North American focussed lithium exploration and development business comprising high-grade, hard rock spodumene assets such as Seymour, Root and Wisa and lithium exploration claims Allison and Solstice located on highly prospective Archean Greenstone tenure in north-west Ontario, Canada.
All sites are proximate to excellent existing infrastructure including hydropower generation and transmission facilities, readily accessible by road, and with nearby rail delivering transport optionality.
Seymour has an existing mineral resource estimate of 9.9 million tonnes at 1.04% lithium comprised of 5.2 million tonnes at 1.29% indicated and 4.7 million tonnes at 0.76% Inferred.
Looking ahead, accelerated, targeted exploration across all three projects delivers the potential to grow resources rapidly and substantially.
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