Rc submarine cartoon12/15/2023 ![]() Several granitoids intrude the basin metasediments as small plugs. The Project area is underlain by three forms of metamorphosed schist mica schist, staurolite schist and garnet schist. Geology and Geological Interpretation: The Ewoyaa Project area lies within the Birimian Supergroup, a Proterozoic volcano-sedimentary basin located in Western Ghana. Further studies will assess the potential benefits of increased production by reducing the cut-off grade or higher feed grade on overall Project economics, consistent with market price predictions and price trends realised by existing producers. For example, the Resource can be reported at a significantly larger tonnage by reducing the cut-off grade to 0.2% Li2O, giving an increased resource of 45.3Mt at 1.03% Li2O.Ĭonversely, the Resource can be reported at a higher grade using a 0.8% Li2O cut-off for a resource of 32.1Mt at 1.3% Li2O. Table 3 below shows the overall resource tonnage and grade for the deposit, inclusive of all pegmatite material. However, when assessing all pegmatite volumes (with no cut-offs applied), there is significant scope to increase the resource tonnage. The current MRE is based on a 0.5% reporting cut-off grade within a 0.4% Li2O wireframed pegmatite body. of Perth, Western Australia and demonstrates reasonable prospects for eventual economic extraction. High-level Whittle optimisation was completed by Mining Focus Consultants Pty Ltd. The Statement of Mineral Resources is reported in line with requirements of the JORC Code (2012) and is therefore suitable for public reporting. of Perth, Western Australia, with results. The independent MRE for Ewoyaa was completed by Ashmore Advisory Pty Ltd. The MRE includes a total of 3.5Mt at 1.37% Li2O in the Measured category, 24.5Mt at 1.25% Li2O in the Indicated category and 7.4Mt at 1.16% Li2O in the Inferred category. The Mineral Resource is reported in accordance with the JORC Code. An upgraded MRE of 35.3Mt at 1.25% Li2O was completed for the Ewoyaa deposit and surrounding pegmatites collectively termed the "Ewoyaa Project". The Resource is reported in accordance with the JORC Code. Atlantic Lithium Limited announced a significant Mineral Resource Estimate upgrade to 35.3Mt at 1.25% Li2O for the Ewoyaa lithium deposit within the Cape Coast Lithium Portfolio in Ghana, West Africa.
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