Atlantic Lithium Ltd announced the final infill drilling results from its December 2021 campaign at the Ewoyaa lithium project in Ghana, West Africa.
The highlights include 30 metres (m) at 1.5% lithium oxide (Li2O) at the Ewoyaa Northeast deposit, 29m at 1.35% Li2O and 23m at 1.7% Li2O.
Infill drilling results have confirmed grade and continuity across the Ewoyaa deposits and exploration drilling confirmed new mineralisation outside of the mineral resource estimate (MRE) at the Kaampakrom West, Ewoyaa Sill and Grasscutter West targets, it said.
An updated scoping study for Ewoyaa, announced in December, was based around an increased JORC resource of 21.3mln tonnes of ore grading 1.31% Li2O.
Multiple high-grade drill intersections were reported along eastern strike extension of the Grasscutter West deposit, outside of the MRE, it said, with additional high-grade results received over the Ewoyaa Sill target and Kaampakrom West target, with good widths reported outside of the MRE footprint.
"Our resource continues to grow, and the upside of the project is clear; not only do we believe that project metrics will improve significantly beyond the current defined mine life, however we also see further potential for substantial economic improvement due to the recent increases in spodumene concentrate [SC6] pricing which have far exceeded our initial SC6 price modelling parameters,” said chief executive Vincent Mascolo.
Exploration and resource expansion drilling are planned to resume in March.