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IronRidge Resources completes scoping study on Ewoyaa Lithium Project

IronRidge Resources (LON:IRR) is analysed by Proactive mining analyst Ryan Long. 

Since his last piece on the company, IronRidge Resources has completed its scoping study on the Ewoyaa Lithium Project, located in Ghana. 

This study returned robust economics with a post-tax net present value using an 8% discount rate (NPV8) of US$345mln and a post-tax internal rate of return (IRR) of 125%, assuming a conservative spodumene concentrate price of US$650 per tonne (t).

Read Ryan Long' latest update: Ewoyaa Stands out From the Lithium Crowd

Quick facts: IronRidge Resources Ltd

Price: 20.6 GBX

AIM:IRR
Market: AIM
Market Cap: £93.13 m
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IronRidge Resources: 'Both Gold and Lithium projects look highly attractive...

Mining Capital's Alastair Ford analyses the latest news releases including  the results of a scoping study for the Ewoyaa lithium project in Ghana.  Ford first gives his take on the reports of multiple high-grade drill intersections and the confirmation of new gold targets at the...

on 22/1/21

2 min read