What are the latest drilling results from the Ewoyaa Lithium Project?

Ewoyaa Lithium Project: Unveiling New High-Grade Lithium Intersections in Ghana

Atlantic Lithium Limited, an African-focused lithium exploration and development company, has announced the discovery of multiple broad and high-grade lithium intersections from its 2023 drilling program at the Ewoyaa Lithium Project in Ghana, West Africa. This significant advancement underscores the potential for substantial resource growth beyond the current Mineral Resource Estimate (MRE) and positions the Ewoyaa project to become Ghana's first lithium mine.

Summary of Drilling Achievements

Extensive Drilling Program: A total of 7,220 meters of extensional resource drilling was completed in 2023, targeting areas outside the existing 35. 3Mt @ 1. 25% Li2O MRE.

Impressive Drill Intersections: Highlights include an 83m intersection at 1% Li2O from 36m and a 47m intersection at 1. 05% Li2O from 87m, among others, showcasing the project's high-grade potential.

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New Discoveries: Drilling at the new Dog-Leg target and extensions at Okwesi, Anokyi, and Ewoyaa-South 2 deposits have revealed significant, broad mineralization.

Continued Exploration Focus: With over 26,500m of resource drilling planned, Atlantic Lithium aims to further expand and convert the project's resource base.

Strategic Exploration Highlights

The latest assay results from the Ewoyaa project not only validate the presence of high-grade lithium outside the current MRE but also highlight the discovery of new mineralized zones, particularly at the Dog-Leg target. These findings are instrumental in demonstrating the extensive lithium potential of the region and the project's capacity for significant resource expansion.

Key Drill Results

Dog-Leg Target: Marked by an 83m intersection at 1% Li2O from 36m, indicating shallow dipping, near-surface mineralized pegmatite bodies with true thicknesses up to 35m.

Okwesi and Anokyi Deposits: Results include a 47m intersection at 1. 05% Li2O from 87m, showcasing the depth and grade potential beyond the current resource boundaries.

Ewoyaa-South 2 Deposit: Highlighted by a 24m intersection at 0. 81% Li2O from 159m, extending the known mineralization strike length.

Forward-Looking Drilling Plans

Atlantic Lithium is set to recommence drilling, prioritizing a 3,000m plant site sterilization program to support the forthcoming mine site commissioning. This initial focus will be followed by the completion of the extensive ongoing resource growth and infill program initiated in 2023. The company's proactive exploration strategy aims to solidify Ewoyaa's position as a leading lithium project in West Africa.

Executive Insight

Neil Herbert, Executive Chairman of Atlantic Lithium, expressed enthusiasm over the drilling results, emphasizing the potential for resource growth and the strategic importance of the new discoveries. The company remains committed to fast-tracking the development of the Ewoyaa project, leveraging these results to enhance shareholder value and contribute to Ghana's burgeoning lithium mining sector.

The Ewoyaa Lithium Project stands on the brink of significant development, with Atlantic Lithium's latest drilling results promising to expand the known lithium resource significantly. As drilling resumes and further assays are anticipated, the project's potential as a high-grade lithium source in Ghana becomes increasingly apparent, marking a significant milestone in Atlantic Lithium's mission to deliver Ghana's first lithium mine.

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