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Courtesy: www.123rf.com

Having held its breath during recent scoping studies the question needs to be asked: Is IronRidge Resources’ Ewoyaa in Ghana a leading lithium asset?

Good news then – IronRidge has announced the completion of a Scoping Study on Ewoyaa lithium project, does indeed, confirm that it is an industry-leading asset.

CEO, Vincent Mascolo says:

“The Study outlines a robust 2.0 Mtpa operation which can deliver excellent cash flows, a very quick payback and a pre-tax NPV of over half a billion U.S. dollars from a modest 8-year operation, producing a course, premium DMS concentrate product.

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“The Project leverages existing infrastructure, including directly adjacent HV power, a major highway within 1 km of the site, and the major port of Takoradi less than two hours’ drive away.

“Few hard-rock lithium projects worldwide can boast the proximity to existing operational infrastructure, lithium grade and a simple DMS-only process route that separates Ewoyaa from its peers.

“With the benefit of adjacent infrastructure and without the need to include expensive milling and flotation circuits, the project benefits from a very low upfront capital expenditure.

“Our resource continues to grow, and the upside of the project is clear; further resource drilling is currently underway and, as such, we expect that the project metrics will improve beyond the current defined LOM.

“Given these fundamentals, we are very excited by the resurgence and exponential growth potential across the lithium supply chain and reaffirm to the market that IronRidge is ideally poised to capture the lithium market going forward.”