Atlantic Lithium Announces Increased Mineral Resource Estimate at Ewoyaa Project
Atlantic Lithium Limited, the African-focused lithium exploration and development company, has announced a significant increase in the Mineral Resource Estimate (MRE) at its flagship Ewoyaa Lithium Project. The update, compliant with the JORC 2012 Code, reflects the company’s progress towards establishing Ghana’s first lithium mine.
In a statement released on Tuesday, July 30, 2024, Atlantic Lithium reported a total Mineral Resource Estimate of 36.8Mt at 1.24% Li₂O for the Ewoyaa project. Notably, 81% of the total resource is now categorized within the higher confidence Measured and Indicated categories, comprising 3.7Mt at 1.37% in the Measured category, 26.1Mt at 1.24% in the Indicated category, and 7.0Mt at 1.15% Li₂O in the Inferred category.
The company attributed this increase to a targeted drilling program conducted in 2023 and the first half of 2024. This program included sterilization drilling to support plant and haul road design, and resource conversion drilling aimed at upgrading Inferred resources to Indicated and Measured categories, thereby enhancing mine planning flexibility. During this process, the new Dog-Leg target was identified.
Drilling at the Dog-Leg target revealed a shallow-dipping, near-surface mineralized pegmatite body with a true thickness of up to 35 meters. This contributed 890,892 tonnes to the overall resource increase, bringing the total to 36.8Mt at 1.24% Li₂O.
Atlantic Lithium highlighted the potential for further resource growth, with step-out drilling planned at five priority deposits and one new exploration target identified for initial reverse circulation evaluation.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium said, “We are pleased to report an increase in the Mineral Resource for the Ewoyaa Lithium Project to 36.8Mt at 1.24% Li2O, which reaffirms Ewoyaa’s status as one of the leading hard rock lithium projects.
“The increase follows the limited drilling programme completed recently, which was focused on supporting our mine planning activities rather than expanding the resource base, but through which we identified the Dog-Leg target, which has added near-surface tonnes to the Ewoyaa Resource. We are pleased to see this lucky strike at Dog
“Leg contributing an additional circa 891,000 tonnes to the enlarged 36.8Mt at 1.24% Li2O Resource. While our current focus remains firmly on advancing Ewoyaa towards shovel-readiness, we recognise the significant potential across our exploration portfolio to increase the Resource further.”
