Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) said resource drilling at a new area at the Ewoyaa lithium project in Ghana, West Africa, had intercepted more high-grade and broad mineralisation.
Assay results received for 4,101m of drilling at the Dog-Leg target and sterilisation reverse circulation holes at the proposed plant site, showed grades up to 1.85% lithium (Li2O) with a mineral resource upgrade now targeted for mid-year.
Neil Herbert, executive chairman described the intersections from the initial assays as ‘impressive’.
"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.