Atlantic Lithium's infill drilling at the flagship Ewoyaa lithium project in Ghana continues to affirm the project’s grade and continuity, says broker Liberum.
“Better yet, one of two new targets identified just outside the current resource footprint appears to be a sill structure, implying to us potential for significant additional resource tonnage and reduced overall strip ratio.
“We believe that Atlantic’s short-term goal of increasing resource tonnage to more than 24Mt (from 21.3Mt) could prove modest.”
The broker has a target price of 46p and ‘buy’ rating.