Green Technology Metals Ltd has initiated drilling operations at the Seymour Lithium Project in Ontario, Canada with the objective of increasing the quantity of lithium extractable from the underground reservoir. The company intends to conduct drilling of 3,000 meters across 5 holes to examine lithium mineralization and potentially extend the mine’s lifespan and enhance its economic viability.
The initial phase of the project involved the integration of open pit and underground mining in order to reduce costs and provide greater flexibility in project planning. According to the Executive Director of Green Technology Metals, Cameron Henry, the company is contemplating a combination of open cut and underground development strategies based on feedback from Canadian operators and ongoing efforts to optimize project capital expenditure and operational costs.
The company is presently assessing three distinct approaches for pit shell and underground designs, all of which are believed to be technically feasible and capable of supporting continuous operation of the concentrator with improved economics and a reduced operating footprint. Upon completion of the current drill program, Green Technology Metals will publish an updated mineral resource estimate, followed by an optimized Preliminary Economic Assessment (PEA).
In general, the company maintains an optimistic outlook regarding the potential for further expansion of the North Aubry resource and the validation of the combined hybrid open pit/underground strategy. With the culmination of the drilling program, Green Technology Metals aims to present an enhanced economic projection for the Seymour Lithium Project, highlighting the advantages of the project’s expansion.
To sum up, Green Technology Metals Ltd is taking proactive measures to explore the potential of the Seymour Lithium Project in Canada, by embarking on resource expansion drilling and striving to optimize the project’s economic assessment. This represents a promising advancement in the development of lithium resources and the adoption of green technology within the mining industry.