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Atlantic Lithium begins drilling at Ewoyaa in Ghana

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Atlantic Lithium has announced commencement of drilling at the Ewoyaa Lithium Project in Ghana, West Africa where it has defined a JORC compliant Mineral Resource Estimate of 21.3Mt @1.31% Li2O.

Commenting on the Company’s latest progress, Len Kolff, COO of Atlantic Lithium, said:

“We are pleased to have Geodrill back on site to commence the 2022 drilling season; field teams have done a great job to open access and prepare drill pads ahead of the drill rig’s arrival.

“Since commencing exploration earlier this year, we have identified six new target areas for RC drill testing; all within 3.5km of the current 21.3Mt @1.31% Li2O resource footprint. We have also identified extensions within the current MRE, where mineralisation remains open along strike and at depth for RC drill testing.

“To date, only a small area of approximately 28km2 has been auger tested, with an even smaller 13km2 area drill tested within our broader 560km2 lithium portfolio in Ghana.

“The exploration potential is clear, and we see significant resource growth potential. Not only do we believe that Project metrics will improve significantly beyond the current defined mine life, but we also see further potential for economic improvement due to the recent increases in spodumene concentrate pricing which have far exceeded our initial SC6 price modelling parameters.

“These fundamentals continue to demonstrate Ewoyaa as an industry-leading asset; with the Company ideally positioned to benefit from the growing lithium demand.”

Source:minigreview.com

See also  Moody’s downgrades Ghana’s rating to further junk status
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