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Newcomer Green Technology Metals has hit the ground running at its Seymour lithium project in Ontario, Canada.
The company listed on the ASX in early November after raising A$24 million at 25c.
It was one of the larger exploration IPOs of the year and also one of the most successful, with the stock as much as doubling in its first session.
Shares currently sit above 75c.
GT1 was formed to acquire Ardiden's Seymour, Root and Wisa projects.
It current holds a 51% interest in the projects and has the right to acquire a further 29% by issuing $3.5 million within a year of listing.
Since then, GT1 has increased its exploration claim holdings in northwest Ontario from 9467 hectares to 35,576ha through strategic pegging and option agreements.
The newly acquired claims focus on Seymour and Root, as well as a highly prospective and underexplored project named Allison.
Seymour is the most advanced of the projects with an existing resource of 4.8 million tonnes at 1.25% lithium and 186 parts per million tantalum for the North Aubry and South Aubry pegmatites, as well as a further exploration target of 22-26Mt at 0.8-1.5%.
The company launched a phase 1 drilling program, focused on evaluating the potential at North Aubry.
The first hole, reported in January, returned 40m at 1.54% lithium oxide from 244m.
Subsequent results this month included 8.9m at 1.46% lithium oxide from 243m. The hit confirmed the continuity of mineralisation of at least 50m along strike of the maiden hole and at least 50m down-dip of the boundaries of the resource.
The dimensions of the North Aubry pegmatite have been expanded to 250m wide by 700m long, with a thick core ranging from 15-42m.
The program was expanded to 16 holes for 5000m.
Despite the impacts of Omicron, the phase 1 program remains ahead of schedule and was 90% complete as of March 8 with the 14 holes completed to date all intersecting pegmatite.
The phase 2 program, comprising 31 holes for 5100m, will begin shortly at the highly prospective and largely untested Central Aubry zone.
A recent aerial magnetic survey over Central Aubry identified the potential for stacked and shallow pegmatite structures between North Aubry and South Aubry.
Previous channel sampling has returned grades of up to 4.4% lithium oxide.
GT1 is on track to complete an updated resource estimate for Seymour in the June quarter.
GT1 is chaired by Pilbara Minerals co-founder John Young and led by CEO, geologist Luke Cox.
Rounding out the board is Primero Group founder Cameron Henry, AMCI managing director Pat Murphy and Ardiden managing director Robin Longley.
