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Maiden Lithium Mineral Resource Estimate at Ewoyaa
Maiden Lithium Mineral Resource Estimate at Ewoyaa.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 1180B IronRidge Resources Limited 28 January 2020 \n\n28 January 2020\n \n \nMaiden Mineral Resource Estimate\n14.5Mt at 1.31% Li2O\nEwoyaa-Abonko-Kaampakrom Projects\nCape Coast Lithium Portfolio\nGhana, West Africa\n \n \nIronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company'), the African focussed minerals exploration company, is pleased to report a maiden Mineral Resource estimate (\"MRE\") of 14.5Mt at 1.31% Li2O for the Ewoyaa, Abonko and Kaampakrom deposits (combined the \"Ewoyaa Project\") within the Cape Coast Lithium Portfolio in Ghana, West Africa. The Mineral Resource is reported in accordance with the JORC Code (2012).\n \nHIGHLIGHTS:\n \nØ 14.5Mt at 1.31% Li2O maiden Mineral Resource estimate (reported in accordance with the JORC Code) in Indicated and Inferred status at the Ewoyaa and Abonko deposits.\nØ The estimate includes 4.5Mt at 1.39% Li2O of Indicated Mineral Resource, whereby 3.7Mt at 1.38% Li2O occurs within the central portion of the Ewoyaa Main deposit, within a single continuous pegmatite body broadly coincident with a hill; low strip ratios implied for likely starter pit location.\nØ Good continuity of mineralisation at the Ewoyaa Main deposit with high-level Whittle optimisation demonstrating reasonable prospects for eventual economic extraction.\nØ Coarse spodumene dominant mineralogy with low contaminants; >6% Li2O concentrate grades at over 80% recovery achievable in coarse pegmatite using conventional DMS gravity process at a coarse 6.3mm crush; low capital intensity implied (refer RNS of 21 May and 25 August 2019).\nØ Resource exceptionally well located; adjacent high-power transmission lines, within 800m of national highway and along 110km of sealed road to the operating deep-water port of Takoradi; low operating costs implied (refer RNS of 28 August 2018).\nØ Significant exploration upside within broader 645km2 Cape Coast lithium portfolio; inclusive historic 1.48Mt at 1.67% Li2O Egyasimanku Hill deposit (non JORC) only drilled to 30m, Ndasiman and Krofo pegmatite targets and multiple exploration targets (refer RNS of 17 January 2018 and 26 September 2019).\n \nFigures 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.co...