Atlantic Lithium posts encouraging results from latest Ewoyaa drilling campaign

Ghana-focused Atlantic Lithium has announced a final set of infill drilling results from its December 2021 campaign at the Ewoyaa lithium project in the West African country.

Atlantic, which is aiming to develop West Africa’s first lithium mine, posted highlights including 30 metres at 1.5% lithium oxide (Li2O) at the Ewoyaa Northeast deposit, 29 metres at 1.35% Li2O and 23 metres at 1.7% Li2O.

Results from the infill drilling have confirmed grade and continuity across the Ewoyaa deposits, while exploration drilling has confirmed new mineralisation outside of the mineral resource estimate at the Kaampakrom West, Ewoyaa Sill and Grasscutter West targets, the London-listed company said.

Atlantic outlined an increased JORC resource of 21.3 million tonnes of ore grading 1.31% Li2O in a scoping study published in December 2021. “Our resource continues to grow, and the upside of the project is clear,” said Atlantic chief executive Vincent Mascolo.

“Not only do we believe that project metrics will improve significantly beyond the current defined mine life, however we also see further potential for substantial economic improvement due to the recent increases in spodumene concentrate pricing which have far exceeded our initial price modelling parameters.”

Exploration and resource expansion drilling are planned to resume at the project in March.

@RGNonline