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Cape Coast Lithium Exploration Licence Granted
Cape Coast Lithium Exploration Licence Granted.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n RNS Number : 9463S\n IronRidge Resources Limited\n 19 November 2021\n \n \n \n \n 19 November 2021\n \n \n \n \n \n Cape Coast Exploration License Granted\n \n \n Lithium Portfolio Enhanced\n \n \n Ghana, West Africa\n \n \n \n \n \n IronRidge Resources Limited (AIM: IRR, \"IronRidge\" or the \"Company\"), the African focussed minerals exploration company, is pleased to announce that the Cape Coast application has been granted as an exploration license. The newly granted license is adjacent to the Mankessim exploration license which hosts the Ewoyaa Lithium Project (\"Ewoyaa\" or \"ELP\"), where the Company has defined an initial JORC 2012 compliant mineral resource estimate of 14.5Mt at 1.31% Li2O in the inferred and indicated category, including 4.5Mt at 1.39% Li2O in the indicated category in Ghana, West Africa. \n \n \n \n \n \n Figures and Tables referred to in this release can be viewed in the PDF version available via this link:\n \n http://www.rns-pdf.londonstockexchange.com/rns/9463S_1-2021-11-19.pdf\n \n \n \n \n \n HIGHLIGHTS:\n \n \n Ø \n \n Cape Coast exploration license now granted, providing the Company access to 139.23km2 of highly prospective lithium tenure.\n \n \n \n Ø \n \n Newly granted license further bolsters the Company's Cape Coast Lithium Portfolio, which hosts the 14.5Mt at 1.31% Li2O Ewoyaa Lithium resource (JORC) and the historic 1.48Mt at 1.66% Li2O Egyasimanku Hill deposit (non-JORC).\n \n \n \n Ø \n \n Original Cape Coast application for 264km2 with 139.23km2 granted in line with mining regulations, bringing total Ghana Cape Coast Lithium Portfolio to 560km2.\n \n \n \n Ø \n \n Only 13km2 of IronRidge's 560km2 Cape Coast Lithium Portfolio drill tested to date; significant exploration potential within proven prospective pegmatite hosting terrain.\n \n \n \n Ø \n \n Ideal infrastructure support: projects located within 110km of the operating Takoradi deep-sea port, within 100km of the capital Accra and adjacent to the sealed Takoradi - Accra highway and high-power transmission lines.\n \n \n \n Ø \n \n Highly supportive government; long mining history, strong diversification drive and pro-renewable and stored energy space initiatives.\n \n \n \n Ø \n \n Increasing lithium demand due to its role in the stored energy transition.\n \n \n \n \n Commenting on the...