Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Top 5 moments from Charlie Kirk’s memorial service...
Trump set to approve TikTok deal ensuring majority-American...
Harris is speaking. This time, she isn’t bending...
Hamas letter to Trump asks for 60-day ceasefire...
Trump must make UN funding conditional on real...
Democrats skip Charlie Kirk Arizona memorial after 58...
‘Due to overhelming support:’ Turning Point USA says...
Thune slams Democrats’ ‘cold-blooded partisan’ tactics as funding...
Macron stakes anti-Trump global role with Gaza initiative...
Trump assassination attempt suspect Ryan Routh questions first...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

New Dog-Leg Target Delivers Increase to Ewoyaa MRE

by admin July 30, 2024
July 30, 2024
New Dog-Leg Target Delivers Increase to Ewoyaa MRE

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 an increase to the JORC (2012) compliant Mineral Resource Estimate (“MRE” or “Resource”) at the Company’s flagship Ewoyaa Lithium Project (”Ewoyaa” or the “Project”) in Ghana, West Africa.

Highlights:

Total Mineral Resource Estimate for the Company’s flagship Ewoyaa Lithium Project increased to 36.8Mt at 1.24% Li2O, reported in accordance with the JORC Code (2012).81% of the Total Resource now in the higher confidence Measured and Indicated categories (3.7Mt at 1.37% in the Measured category, 26.1Mt at 1.24% in the Indicated category and 7.0Mt @ 1.15% Li₂O in the Inferred category).MRE increase follows targeted drilling programme, undertaken in 2023 and H1 2024, comprising sterilisation drilling to support the plant and haul road design and resource conversion drilling, converting Inferred resources to Indicated and Measured resources, to provide mine plan optionality; new Dog-Leg target identified through this process.Drilling subsequently undertaken on the Dog-Leg target, where the Company has identified a shallow-dipping, near-surface mineralised pegmatite body with true thickness up to 35m, which contributed 890,892 tonnes of the Resource increase to 36.8Mt at 1.24% Li2O.Potential to grow the Resource further; step-out drilling planned at five priority deposits and one new exploration target identified for initial reverse circulation (“RC”) evaluation.

Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:

“We are pleased to report an increase in the Mineral Resource for the Ewoyaa Lithium Project to 36.8Mt at 1.24% Li2O, which reaffirms Ewoyaa’s status as one of the leading hard rock lithium projects.

“The increase follows the limited drilling programme completed recently, which was focused on supporting our mine planning activities rather than expanding the resource base, but through which we identified the Dog-Leg target, which has added near-surface tonnes to the Ewoyaa Resource. We are pleased to see this lucky strike at Dog- Leg contributing an additional circa 891,000 tonnes to the enlarged 36.8Mt at 1.24% Li2O Resource.

“While our current focus remains firmly on advancing Ewoyaa towards shovel-readiness, we recognise the significant potential across our exploration portfolio to increase the Resource further.”

Mineral Resource Estimate Upgrade

An upgraded MRE of 36.8Mt at 1.24% Li2O was completed for the Ewoyaa deposit and surrounding pegmatites; collectively termed the “Ewoyaa Lithium Project”.

The MRE increase follows a targeted drilling programme aimed at supporting the mine build activities at the Project. This comprised sterilisation drilling to support the plant and haul road design and resource conversion drilling, aimed at converting Inferred resources to Indicated and Measured, to provide mine plan optionality. The drilling programme resulted in the combined Measured and Indicated resource increasing to 81% of the Total Mineral Resource (to 29.8 Mt at 1.26% Li2O).

During drilling programme, the Dog-Leg target was identified, with prioritised drilling subsequently undertaken, which returned multiple broad and high-grade intersections, from which the Company has identified a shallow-dipping, near- surface mineralised pegmatite body with true thickness up to 35m. The Dog-Leg target contributed 890,892 tonnes, comprising 332,100 tonnes at 1.01% Li2O Indicated and 558,792 tonnes at 1.13% Li2O Inferred, of the increase in resources to 36.8Mt at 1.24% Li2O.

The Mineral Resource is based on 168,015m of drilling completed at the Project to date, inclusive of infill and extensional drilling undertaken since the February 2023 MRE reported by the Company, comprising 148,865m of reverse circulation (“RC”), 12,639m of diamond core (“DD”), 5,311m of reverse circulation with diamond tail (“RCD”) and 1,200m of reverse circulation hydrology holes (“RCH”).

The MRE includes a total of 3.7Mt at 1.37% Li2O in the Measured category, 26.1Mt at 1.24% Li2O in the Indicated category and 7.0Mt at 1.15% Li2O in the Inferred category (refer Table 1). The independent MRE for Ewoyaa was completed by Ashmore Advisory Pty Ltd (“Ashmore”) of Perth, Western Australia, with results tabulated in the Statement of Mineral Resources in Table 1. The Statement of Mineral Resources is reported in line with requirements of the JORC Code (2012) and is therefore suitable for public reporting. High-level Whittle optimisation was completed and demonstrates reasonable prospects for eventual economic extraction.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
FPX Nickel Adopts Best-in-Class Technology to Reduce Baptiste’s Carbon Intensity and Receives BC Hydro Support
next post
Top 10 Manganese-producing Countries (Updated 2024)

You may also like

Argentina Lithium Announces 225-metre Lithium Brine Interval at...

January 29, 2025

5 Small-cap Biotech ETFs to Watch (Updated 2024)

August 17, 2024

Ford Government Pushes Bill 5 Through Legislature, Sparking...

June 7, 2025

Cartier Begins the Initial Environmental Baseline Studies at...

September 9, 2025

Blackstone Minerals

July 25, 2025

BSX Secures JV Partner & Funding for Ta...

August 27, 2025

Crypto Market Recap: WLFI Unveils Strategic Token Reserve

February 15, 2025

FY25 Results Announcement

August 29, 2025

Altech Batteries LtdCERENERGY Cells Test Safe Under Extreme...

April 3, 2025

Homerun Resources Inc. Signs Binding LOI for the...

September 12, 2025

Recent Posts

  • Top 5 moments from Charlie Kirk’s memorial service in Arizona
  • Trump set to approve TikTok deal ensuring majority-American investor control: White House
  • Harris is speaking. This time, she isn’t bending to Biden’s bullies
  • Hamas letter to Trump asks for 60-day ceasefire deal to release half of hostages, sources say
  • Trump must make UN funding conditional on real reforms, ex-diplomat urges

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (927)
    • Investing (3,032)
    • Politics (3,709)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 Sightful Invest. All Rights Reserved.