Atlantic Lithium returns more high grade results from Ewoyaa
Atlantic Lithium Limited () has hit further broad and high-grade assay results from resource drilling at the flagship Ewoyaa project in Ghana, West Africa.
The company released assay results received from 4,101m of extensional resource drilling at the Dog-Leg target, as well as from sterilisation reverse circulation drilling at the proposed plant site.
The project already boasts a 35.3m tonne resource grading 1.25% lithium oxide.
Among the highlights of the latest drilling, which lie outside of the existing resource, were intersections of 27m at 1.85% lithium oxide from 126 metres depth, 15m at 1.08% lithium oxide from 126 metres, and 8 m at 0.93% lithium oxide from 88 metres.
The drilling intersected shallow dipping, near surface mineralised pegmatite bodies with true thicknesses of up to 35m outside of the existing resource, proving potential for significant resource growth.
The sterilisation drilling around the proposed plant site returned no mineralisation.
As a result of this work, Atlantic Lithium now plans a resource upgrade, targeted for mid-year.
"Initial assay results from the drilling completed so far in 2024 have again delivered impressive intersections, providing confidence in the growth potential of the current 35.3m tonnes at 1.25% lithium oxide resource at the Ewoyaa lithium project,” said Neil Herbert, executive chairman of Atlantic Lithium.
"We look forward to receiving further drilling results from the diamond tail drilling completed at Dog-Leg and delivering a MRE upgrade for the project, now targeted for mid-year. The MRE upgrade will include updates to both the lithium and feldspar and incorporate all results received from drilling completed in 2023 and results from drilling completed so far during 2024. Furthermore, assay results have confirmed no mineralisation has been intersected at the plant site sterilisation drilling programme, allowing us to continue with our mine site designs and permitting.”
View from Vox
The Ewoyaa project continues to deliver for Atlantic Lithium. The resource base is already robust, and now the upside on resource expansion is developing too. The company has delivered plenty of solid newsflow already this year as it moves towards breaking ground shortly. Strong relationships in Ghana remain key, and the final parliamentary approvals, which are due soon, should provide the green light for construction, cash flow, and Ghana’s first lithium production.
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