Atlantic Lithium Limited, the Africa-focused lithium exploration and development company, has announced the delineation of impressive lithium-in-soil anomalies in results from Phase 2 and Phase 3 soil sampling completed across the Rubino and Agboville exploration licences in Côte d’Ivoire, which are 100%-owned by the Company’s wholly-owned subsidiary Khaleesi Resources SARL.
Additional spodumene pegmatite occurrences have also been discovered in float from geological mapping completed over the Rubino licence.
Highlights
– Impressive lithium-in-soil anomalies, extending over several kilometres, identified from Phase 2 and Phase 3 soil sampling completed over the Company’s Rubino and Agboville exploration licences in Côte d’Ivoire.
– At Rubino, new Phase 3 results extend the lithium-in-soil anomalous zone identified from Phase 2 results (reported previously) to cover an increased area of approximately 6.0km by 2.5km, within which several distinct linear trends warrant immediate ground follow-up evaluation.
– At Agboville, Phase 2 soil sampling results define a pronounced linear anomaly >5km in length as well as other anomalous linear features, one of which is associated with spodumene pegmatite float discovered by the Company’s geologists.
– Additional spodumene pegmatite occurrences, returning high-grade lithium assays, discovered in rock float from geological mapping completed within the Rubino licence.
– The latest soil sampling and assay results further indicate the prospectivity of the Company’s tenure in the mining-friendly jurisdiction of Côte d’Ivoire, which remains significantly underexplored for lithium.
– The Company is undertaking low-cost exploration of its Rubino and Agboville licences concurrently to the advancement of the Company’s flagship Ewoyaa Lithium Project in Ghana to support its objectives of building a pipeline of projects to support long-term growth.
– A specialist corporate advisor has been engaged to commence a formal process to source funding options that are non-dilutive to the Company’s shareholders to accelerate exploration of the Côte d’Ivoire licences.
Commenting, Keith Muller, Chief Executive Officer of Atlantic Lithium, said: “The latest results from the Company’s ongoing exploration programmes across its 100%-owned Rubino and Agboville licences further underscore the prospectivity of its tenure in Côte d’Ivoire.
“Phase 2 and Phase 3 soil sampling results have delineated pronounced lithium-in-soil anomalies extending over several kilometres across the two licences, with several trends warranting further evaluation.
“At Rubino, the anomalous zone reported previously has been expanded by the latest results to an increased area of approximately 6.0km by 2.5km.
Meanwhile, at Agboville, a pronounced linear anomaly >5km in length and several other anomalous linear features of interest have been identified.
“Through mapping and rock-chip sampling, the Company has also discovered several new spodumene pegmatite occurrences in rock float, in addition to the previously reported outcrop, within the Rubino licence.
Further mapping has now commenced across both licences to support the evaluation of the anomalies identified in the Phase 2 and 3 soil results and to assist in defining follow-up auger drill programmes.
“The Company believes that its licences in Côte d’Ivoire demonstrate significant value potential through lithium exploration.
To be undertaken alongside its advancement of its flagship Ewoyaa Lithium Project in Ghana, the Company has, therefore, commenced a formal process to explore funding options, considering minority, project-level investment or partnerships, to accelerate its exploration of the two licences. “We look forward to providing further updates in due course.”
