IronRidge Resources has acquired a highly prospective 'hard-rock' lithium tenement package and associated access rights to an historic 1.48Mt at 1.66% Li2O lithium resource in Ghana.
- Historic 1.48Mt at 1.66% Li2O resource defined by the Ghana Geological survey in 1962.
- IronRidge can earn up to 100% of the projects through staged earn in arrangements and expenditure to Feasibility Study within a 4-year period.
- Hard-rock, pegmatite hosted mineralisation with dominant lithium rich spodumene mineralogy, simple process flow-sheet envisioned.
- Extensive and highly prospective land package secured through joint venture and direct application, covering 238km2 in Ghana, West Africa.
- 10km long by 1 to 3km wide lithium pegmatite vein swarm trend defined in historic mapping.
- Multiple untested pegmatite occurrences identified - including lithium, tin, tantalum, niobium and beryllium targets throughout the tenement package.
- Licences adjacent to the coast and within 70km of the capital city Accra; excellent infrastructure, logistics and services support for potential rapid development.
- Global demand for lithium is increasing at an unprecedented rate.
Chief executive Vincent Mascolo said: "Our global search initiatives continue to yield positive results with this advanced opportunity, an impressive historical lithium resource complimented with adjacent highly prospective licenses and applications is a timely opportunity considering the emerging battery and storage energy markets.
"We are very excited about the emerging energy space and today's news development presents a compelling opportunity covering resource scale potential, simple mineralogy, proximity to infrastructure and mining friendly jurisdiction, all imply the potential for a first quartile, low capital and operating intensity project."
At 3:25pm: (LON:IRR) Ironridge Resources Limited Ord Npv Di share price was +0.13p at 13.13p