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Atlantic Lithium adds to mineral resource estimate

Kitco News

Ghana-focused Atlantic Lithium (AIM:ALL) announced today a 47% increase in its mineral resource estimate for its Ewoyaa deposit.

The MRE now stands at 21.3 million tonnes at 1.31% Li2O reported in accordance with the JORC Code (2012) in the indicated and inferred status.

The company said that its total resource grade remains unchanged.

“With some 28 000 m of infill and extensional drilling not included in the current resource estimate and with mineralisation open at depth and along strike we are confident of further resource upgrades," said Vincent Mascolo, CEO of Atlantic Lithium.

“The current resource can be reported at a significantly larger tonnage by reducing the cut-off grade – for example, 27.1 million t at 1.09% Li2O at a 0.25% Li2O cut-off. Future studies will assess the benefits of increased production profiles to the overall project economics by reducing the cut-off grade."

“Due to the coarse nature of the spodumene dominant mineralisation, metallurgical test-work to date has consistently delivered high-purity, low contaminants >6% Li2O spodumene concentrate at a coarse 6.3 mm crush utilising conventional DMS gravity separation; boding well for low capital, operating and carbon intensities."

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