Atlantic Lithium reports more positive assay results at Ewoyaa in Ghana

AIM-listed exploration firm Atlantic Lithium has today reported a fresh set of broad, high-grade drill intersections at the Ewoyaa deposit in Western Ghana.

Atlantic, which hopes to deliver Ghana’s first lithium mine via the Ewoyaa project, published assay results from a further 4,000 metres of RC drilling. Highlights included: 46 metres at 1.21% lithium oxide (Li2O) from 115 metres, 43 metres at 1.08% Li2O from 126 metres and 31 metres at 1.43% Li2O from 179 metres.

The new drilling results fall outside the current JORC compliant Mineral Resource Estimate and extend mineralisation a further 75 metres downdip at the Ewoyaa main deposit. In March, the company boosted the lithium resource at the project by 42% to 30.1 million tonnes of Li2O.

“We are pleased to report ongoing and significant high-grade pegmatite intervals over broad widths below the Ewoyaa Main deposit and outside of the currently defined resource volume, giving us confidence to deliver future resource upgrades for the project,” said Atlantic’s interim CEO Lennard Kolff.

“Drilling at the Ewoyaa project is ongoing, with approximately 24,900 metres of the planned 37,000 metres programme completed to date, with further assays pending and the programme targeted for completion this quarter.

A pre-feasibility study is targeted for completion in Q3 of this year – around the same time the company hopes to make a secondary listing on the ASX, as announced last week.

“[With] the project being funded to production through our agreement with Piedmont Lithium, we feel the company is ideally positioned to benefit from the growing lithium demand,” Kolff added.

@RGNonline