IronRidge Resources has reported additional broad and high-grade lithium pegmatite drill intersections at new targets adjacent to the Ewoyaa Lithium Project, where the Company has defined a JORC compliant mineral resource estimate of 14.5 Mt at 1.31% Li2O in the inferred and indicated category, including 4.5 Mt at 1.39% Li2O in the indicated category in Ghana, West Africa.
Commenting on the Company’s latest progress, Vincent Mascolo, CEO of IronRidge, said:
“We are highly encouraged by the ongoing results received from new targets adjacent to Ewoyaa, which continue to confirm high grades in new exploration targets tested within the ELP area.
“We have defined a new mineralised structure at the Grasscutter target, where broad pegmatite intersections, including 49m at 1.21% Li2O, have been reported within 620 m of the resource footprint.
“We remain energised to be advancing the Project with our new partner Piedmont Lithium, with infill resource, metallurgical and hydrogeological drilling underway, and five drill rigs currently on site. The Company reaffirms that it is ideally positioned to take advantage of the increasing global demand for lithium.”
“The board is confident the additional exploration targets will increase resource scale and improve project economics, where we have defined Ghana’s first lithium resource of 14.5 Mt at 1.31% Li2O, within 110 km of an operating deep-sea port.