Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to announce further broad and high-grade assay results from resource drilling completed at the Company’s flagship Ewoyaa Lithium Project (“Ewoyaa” or the “Project”) in Ghana, West Africa.
Highlights:
Assay results received for 4,101m of extensional resource drilling at the Dog-Leg target and sterilisation reverse circulation (“RC”) drilling at the proposed plant site, respectively, representing the first results from drilling completed in 2024.High-grade and broad extensional drill intersections reported at the new Dog-Leg target, outside of the current 35.3Mt @ 1.25% Li2O JORC (2012) compliant Ewoyaa Mineral Resource Estimate1 (“MRE” or the “Resource”), including highlights at a 0.4% Li2O cut-off and a maximum 4m of internal dilution of:GRC0177: 27m at 1.85% Li2O from 126mGRC1059: 15m at 1.08% Li2O from 126mGRC1058: 8m at 0.93% Li2O from 88mResults at Dog-Leg are significant; drilling has intersected shallow dipping, near surface mineralised pegmatite bodies with true thicknesses up to 35m outside of the MRE1, proving potential for significant resource growth.Assay results reported include a total of 3,177m of plant site sterilisation drilling completed, as part of the planned 2024 programme, with no mineralisation intersected, providing confidence in the proposed plant site location.MRE upgrade, for both lithium and feldspar, to incorporate all drilling completed in 2023 and so far in 2024, now targeted for mid-year.
Commenting on the Company’s latest progress, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
“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 35.3Mt @ 1.25% Li2O Resource at the Ewoyaa Lithium Project.
“These results are from the new Dog-Leg target, located on the northern tip of the Ewoyaa Main deposit, outside of the current MRE, where drilling has returned multiple high-grade and broad near surface extensional intersections, including 27m at 1.85% Li2O from 126m in these most recent results.
“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.
“We look forward to updating shareholders on our ongoing progress.”
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