Business
Enchi Proci Partnership Goes Unconditional
Enchi Proci Partnership Goes Unconditional.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 6108H IronRidge Resources Limited 09 June 2017 \n\n09 June 2017\n \nDue Diligence on Enchi Proci Lithium Project Completed\nJoint Venture Agreements Signed and Applications Registered\nIvory Coast, West Africa\n \nIronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company') is pleased to announce that the joint venture earn in arrangements with Enchi Proci SARL ('Enchi') for the Adzope license application is now unconditional. Additionally the Company is pleased to announce that 2 of its wholly owned applications have now been registered on the cadastral map. This provides IronRidge with exclusive rights to a prospective lithium license portfolio covering 1,177km2 in Ivory Coast, West Africa, complementing the Company's exciting lithium portfolio in neighbouring Ghana. \n \nThe conditional agreement with Enchi was first announced on 13th September 2016 and the Company's wholly owned applications were first announced on 25th November 2016. \n \nHIGHLIGHTS:\n \nØ Enchi satisfies all earn in agreement terms to successfully ratify the partnership with IronRidge.\nØ Access rights secured to one application through the partnership covering 400km2.\nØ Access rights secured to two wholly owned applications covering a further 777km2 for a total 1,177km2 prospective lithium portfolio in Ivory Coast.\nØ Technical due diligence programme including 54 rock chip samples completed across the project area.\nØ 1,177km2 Ivory Coast exploration portfolio complements the Company's advanced and exciting 314km2 high-grade lithium exploration portfolio in Ghana.\nØ Project well positioned within 75km of the capital Abidjan; excellent infrastructure, logistics and services support for potential rapid development.\nØ Global demand for lithium is increasing at an unprecedented rate.\nØ Ivory Coast represents an underexplored and potentially highly prospective lithium rich terrain, with a diversified economy and pro-mining investment framework.\n \nReference to figures and tables relate to the version of this release on the Company's website (www.ironridgeresources.com.au) or visible in PDF format by clicking the link below:\n\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/6108H_-2017-6-9.pdf \n \n \nCommenting on the Company's latest progress, Vincent Mascolo, Chief Exe...