Piedmont Lithium (NASDAQ:PLL) Inc (ASX:PLL, NASDAQ:PLL, XETRA:) partner Atlantic Lithium Ltd has delivered “significant” lithium widths and grades from relatively shallow depths in infill resource drilling at the Ewoyaa Lithium Project in Ghana.
The company has received assays for the initial 2,208 metres of reverse circulation drilling, part of an 18,500-metre program at Ewoyaa.
These new assays confirm mineralisation continuity within the Ewoyaa South-2 deposit, including:
- 57 metres at 1.17% lithium from 45 metres;
- 54 metres at 1.14% from 3 metres; and
- 41 metres at 1.16% from 73 metres.
The company is awaiting approval of Mankessim licence consolidation ahead of the resubmission of the mining lease application for the project and is on track to deliver its definitive feasibility study by the end of this quarter.
“Show good continuity”
Atlantic executive chairman Neil Herbert said: “We are pleased to kick off the 2023 drilling season with our first set of infill drilling assay results.
“These include some significant apparent widths and grades from relatively shallow depths.
“Results are from the Ewoyaa South-2 deposit where we are infill drilling to convert inferred to indicated category resources to provide optionality for future mine scheduling to more easily enable the relocation of the overhead powerlines.
“Initial infill results at the Ewoyaa South-2 deposit are encouraging and show good continuity of mineralisation between drill sections.
“A total of 18,500 metres of infill, extensional and exploration RC drilling has been planned for the 2023 season.
“We look forward to updating shareholders as results become available."
Mining lease underway
Atlantic initially submitted its application for the mining lease for the project in October 2022, following the release of a pre-feasibility study.
As part of this process, the company took the opportunity to implement optimisations based on the finalised plant flowsheet into its Mining Lease application.
These steps have been undertaken and the company awaits the approval of the Mankessim licence consolidation.
Upon approval, the Atlantic will submit the revised application for a mining lease for the project.
Herbert added: “We also await approval of the consolidation of the licence covering the proposed mine and processing plant site, which was undertaken to facilitate a smoother approvals process and simplified operational structure, as advised by Ghana’s Minerals Commission Technical Committee.
“The company expects no further major amendments to the application.
“Meanwhile, the study team is working hard to deliver the DFS by the end of Q2 2023.”