IronRidge Resources has reported final high-grade lithium pegmatite drill intersections at new targets adjacent to the Ewoyaa Lithium Project in Ghana, where the Company has defined a JORC compliant mineral resource estimate of 14.5Mt at 1.31% Lithium Oxide (“Li2O”) in the inferred and indicated category, including 4.5Mt at 1.39% Li2O in the indicated category in Ghana, West Africa.
Commenting on the Company’s latest progress, Vincent Mascolo, Chief Executive Officer of IronRidge, said:
“We have returned our best drill intersection to date with the highest metal content observed (lithium grade multiplied by meters) for the resource expansion programme at the Ewoyaa North target.
“The resource expansion drilling programme has now been completed and we will maintain momentum with five drill rigs currently active on site for the resource infill programme.
“The board remains confident the additional exploration targets will increase resource scale and improve project economics, where we have defined Ghana’s first lithium JORC compliant resource of 14.5Mt at 1.31% Li2O, within 110km of an operating deep-sea port.
“Infill resource, metallurgical and hydro monitoring drilling is well underway in addition to metallurgical test-work in support of planned Feasibilty Studies.
“The Company is ideally positioned to take advantage of the increasing demand for lithium due to its role in the stored energy transition and looks forward to keeping shareholders up to date as the Ewoyaa Project progresses.”