IronRidge Resources Limited (LON:IRR) has completed its farm-in to the Saltpond and Cape Coast lithium projects in Ghana.
The newly acquired licences are adjacent to the IronRidge’s Ewoyaa prospect where earthworks are currently underway and drilling imminent.
Saltpond is directly along strike from the Ewoyaa prospect and was owned by Joy Transporters, a local Ghanian firm.Following the acquisition, Ironridge’s land package in Ghana covers 645 sq km including Ewoyaa and Abonku and the re-discovered historic Egyasimanku Hill lithium deposit.
The geology is said to be straightforward and similar to licences held by IronRidge in neighbouring Ivory Coast.
IronRidge has already started soil sampling at Saltpond to identify additional pegmatite targets.
The projects are 90km from the Takoradi deep-sea port.
Vincent Mascolo, IronRidge’s chief executive, said the prospects dovetailed “nicely into our exciting and advancing lithium portfolio in Ghana, where there was enormous potential in the stored energy space and beyond”.