IronRidge reveals high-grade lithium drilling results from West African project

IronRidge's initial assay results, covering 4,180m of the total 8,090m of planned reverse circulation drilling, revealed multiple broad, high-grade drill intersections of 0.5% lithium oxide.

The AIM-listed group also discovered internal dilutions ranging from three to 115m between 1.21% and 2.6% Li2O.

In parallel, regional exploration programmes were ongoing, with field teams were finalising laser induced breakdown spectroscopy soil sampling programmes.

Chief geologist Len Kolff, said, "The initial drilling results represent a significant milestone for the Cape Coast Lithium portfolio, with broad, continuous and high-grade lithium pegmatite intersections returned."

"Long drill intersections of 128m at 1.21% and 111m at 1.35% Li2O as well as very high-grade intersections up to 3m at 3.29% Li2O is a fantastic result for a first phase drill programme; confirming Ewoyaa as a significant discovery and providing confidence for further exploration success within the portfolio," added Kolff.

As of 1020 BST, IronRidge shares had shot up 8.76% to 24.20p.