TIDMALL
RNS Number : 8399U
Atlantic Lithium Limited
28 November 2023
28 November 2023
106m Continuous Pegmatite Interval Reported
Broad Intervals of Visible Spodumene Observed in Multiple Drill
Holes Outside of the Current Mineral Resource Estimate
Longest continuous pegmatite interval reported
from the ongoing, recently-enhanced 2023 drilling programme
Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF,
"Atlantic Lithium" or the "Company"), the African-focused lithium
exploration and development company targeting to deliver Ghana's
first lithium mine, is pleased to announce that multiple broad
intervals of visible spodumene have been observed in drilling
outside of the current Mineral Resource Estimate(1) ("Resource" or
"MRE") at the Company's flagship Ewoyaa Lithium Project ("Ewoyaa"
or the "Project") in Ghana, West Africa.
Highlights
- Multiple broad intervals of visible spodumene reported in
drilling outside of the current MRE(1) , significantly increasing
the potential for a resource upgrade.
- Longest reported continuous pegmatite interval in the 2023
drilling programme to date of 106m in hole GRC1020 from 6m at the
Dog-Leg extension target on the northern tip of the Ewoyaa Main
deposit.
- Visible coarse-grained spodumene fragment intervals reported at shallow depths in holes:
-- GRC1017 : 51m interval of 25-30% visual estimated spodumene modal abundance from 83m
-- GRC1020 : 74m interval of 20-25% visual estimated spodumene
modal abundance from 39m and a 41m interval of 20-25% visual
estimated spodumene modal abundance from 137m
-- GRC1021 : 24m interval of 15-25% visual estimated spodumene modal abundance from 93m
- Coarse-grained, P1-type spodumene pegmatite is preferred for
the Dense Media Separation ("DMS") process flowsheet considered in
the Definitive Feasibility Study for the Project (refer
announcement of 29 June 2023 ).
- Resource drilling ongoing; completion of the enhanced 26,500m
planned programme (refer announcement of 7 November 2023 ) targeted
for Q2 2024.
NOTE: Visual estimates of mineral abundance should never be
considered a proxy or substitute for laboratory analyses where
concentrations or grades are the factor of principal economic
interest. Visual estimates also potentially provide no information
regarding impurities or deleterious physical properties relevant to
valuations.
Commenting, Neil Herbert, Executive Chairman of Atlantic
Lithium, said :
"In line with our aim of delivering an increased resource at the
Ewoyaa Lithium Project, we are very pleased to report broad
intervals of visible, coarse-grained spodumene in multiple drill
holes near surface and outside of the current MRE footprint. These
intervals further improve our confidence in delivering an updated
MRE upon completion of the current drilling programme in Q2
2024.
"We are excited to have intersected our longest pegmatite
interval in the 2023 drilling programme to date. Located outside of
the current Resource footprint and occurring only 6m from surface,
the interval includes highlight intersections of visible
coarse-grained spodumene over 74m from a depth of 39m and over 41m
from a depth of 137m, respectively.
"The coarse-grained, P1-type nature of the spodumene fragments
observed in Reverse Circulation drilling chips is very encouraging
as it performs favourably in DMS-only processing, as planned at the
Ewoyaa Lithium Processing Plant, with good recoveries.
"We look forward to providing further updates from the ongoing
drilling programme in due course."
Figure 1: 106m continuous pegmatite interval from 6m observed in
hole GRC1020 with coarse fragments of visible spodumene evident.
Further pegmatite with coarse-grained visible spodumene intersected
from 116m to 122m and 137m to 178m with end of hole at 250m (not
shown in this photo)
NOTE: Visual estimates of mineral abundance should never be
considered a proxy or substitute for laboratory analyses where
concentrations or grades are the factor of principal economic
interest. Visual estimates also potentially provide no information
regarding impurities or deleterious physical properties relevant to
valuations.
Broad Intervals of Visible Spodumene
Drilling outside of the current MRE(1) has intersected multiple
intervals of pegmatite, including multiple broad intervals of
coarse-grained visible spodumene at the Dog Leg prospect extension
(refer Figure 1 and Figure 3 ). The drilling forms part of the
ongoing resource infill and extensional programme, which was
recently increased from 18,500m to 26,500m of planned drilling, due
for completion in Q2 2024 (refer announcement of 7 November 2023
).
Highlight logged pegmatite intervals with visible estimates of
spodumene modal abundance in RC drill chips are summarised in Table
1 below, with all logged intervals and collar details reported in
Table 2 and Table 3.
Table 1: Highlight visual estimations of spodumene abundance in
logged pegmatite intervals in new reported drilling
Hole_ID Depth Depth Interval m Lithology Visible estimate Spodumene Downhole length vs true width
From_m To_m abundance %
========= ======== ====== =========== ========== ================================ ==============================
GRC1017 83 134 51 Pegmatite 25-30 true width not known
========= ======== ====== =========== ========== ================================ ==============================
GRC1018 154 157 3 Pegmatite 5 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1018 160 170 10 Pegmatite 5 true width not known
========= ======== ====== =========== ========== ================================ ==============================
GRC1020 6 38 32 Pegmatite 5-10 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1020 39 113 74 Pegmatite 20-25 true width not known
========= ======== ====== =========== ========== ================================ ==============================
GRC1020 116 122 6 Pegmatite 10-15 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1020 137 178 41 Pegmatite 20-25 true width not known
========= ======== ====== =========== ========== ================================ ==============================
GRC1021 93 117 24 Pegmatite 15-20 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1022 130 152 22 Pegmatite 20-25 true width not known
========= ======== ====== =========== ========== ================================ ==============================
GRC1022 158 187 29 Pegmatite 20-25 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1023 139 147 8 Pegmatite 5-10 true width not known
========= ======== ====== =========== ========== ================================ ==============================
NOTE: Visual estimates of mineral abundance should never be
considered a proxy or substitute for laboratory analyses where
concentrations or grades are the factor of principal economic
interest. Visual estimates also potentially provide no information
regarding impurities or deleterious physical properties relevant to
valuations.
The drilling reported herewith is located at the Dog-Leg
extension target on the northern tip of the Ewoyaa Main deposit, at
the confluence of the Ewoyaa Main trend and the Ewoyaa North-East
trend (refer Figure 2 and Figure 6 ).
A similar structural setting occurs further north at the Ewoyaa
Main Sill deposit where the north-south trending Ewoyaa Main trend
intersects the east-west trending Grasscutter trend and is
significant as it results in flat lying sill geometry
mineralisation. A similar pattern is emerging here at the Dog-Leg
prospect with drilling evidence pointing to a potential flat lying
geometry which may result in additional resource growth (refer
Figure 4 , Figure 5 and Figure 6).
Anticipated timing for assay receipt and review is approximately
2 to 3 months from the date of this announcement.
Figure 2: Location of reported drilling
Figure 3: An example of the coarse fragments of visible
spodumene in RC drill chips logged in hole GRC1020 with meter depth
intervals marked
NOTE: Visual estimates of mineral abundance should never be
considered a proxy or substitute for laboratory analyses where
concentrations or grades are the factor of principal economic
interest. Visual estimates also potentially provide no information
regarding impurities or deleterious physical properties relevant to
valuations.
Figure 4: Cross-section interpretation A-A' for holes GRC1017,
GRC1018 and GRC1019
Figure 5: Cross-section interpretation B-B' for holes GRC1021,
GRC1021, GRC1022 and GRC1023
Figure 6: 3D view showing area of potential MRE(1) growth at the
Dog-Leg prospect (circled), at the confluence of the N-S Ewoyaa
Main trend and roughly E-W Ewoyaa North-East trend in a similar
structural setting to the Ewoyaa North-West Sill deposit
Table 2: Reported pegmatite intervals and visual estimates of
spodumene abundance. All intervening intervals are of schist
lithology with no observed mineralisation. All spodumene-bearing
pegmatite intervals occur as sills, dykes and veins of
coarse-grained pegmatite with crystalline textured disseminated
fine to coarse grained spodumene, quartz, feldspar, muscovite and
accessory minerals. Where not visibly spodumene-bearing, the
pegmatites occur as sills, dykes and veins of massive, crystalline
coarse-grained quartz, feldspar, muscovite and accessory
minerals.
Hole_ID Depth Depth Interval m Lithology Visible estimate Spodumene True width vs downhole length
From_m To_m abundance %
========= ======== ====== =========== ========== ================================ ==============================
GRC1017 83 134 51 Pegmatite 25-30 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1018 27 29 2 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1018 41 45 4 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1018 50 51 1 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1018 74 76 2 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1018 85 93 8 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1018 151 153 2 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1018 154 157 3 Pegmatite 5 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1018 160 170 10 Pegmatite 5 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1018 184 187 3 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1019 37 38 1 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1019 81 82 1 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1019 90 92 2 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1019 94 96 2 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1019 101 104 3 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1019 107 111 4 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1019 139 142 3 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1019 151 156 5 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1019 157 164 7 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1019 171 173 2 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1020 6 38 32 Pegmatite 5-10 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1020 39 113 74 Pegmatite 20-25 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1020 116 122 6 Pegmatite 10-15 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1020 137 178 41 Pegmatite 20-25 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1020 183 186 3 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1020 190 193 3 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1021 17 30 13 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1021 93 117 24 Pegmatite 15-20 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1021 124 126 2 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1021 140 143 3 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1021 235 237 2 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1022 81 82 1 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1022 85 86 1 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1022 126 127 1 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1022 130 152 22 Pegmatite 20-25 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1022 158 187 29 Pegmatite 20-25 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1022 190 193 3 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1023 89 91 2 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1023 105 108 3 Pegmatite not observed
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
GRC1023 139 147 8 Pegmatite 5-10 true width not known
--------- -------- ------ ----------- ---------- -------------------------------- ------------------------------
NOTE: Visual estimates of mineral abundance should never be
considered a proxy or substitute for laboratory analyses where
concentrations or grades are the factor of principal economic
interest. Visual estimates also potentially provide no information
regarding impurities or deleterious physical properties relevant to
valuations.
Table 3: Reported drill hole collars using handheld GPS as at
time of reporting collars have not been surveyed
Hole_ID Hole_Type Hole_Depth Orig_Grid_ID Orig_East Orig_North Orig_RL Azimuth Dip Comments
m
========= =========== =========== ============= ========== =========== ======== ======== ==== ===============
GRC1017 RC 156 WGS84_30N 715788 579761 31 305 -50
--------- ----------- ----------- ------------- ---------- ----------- -------- -------- ---- ---------------
GRC1018 RC 206 WGS84_30N 715755 579787 33 306 -50
--------- ----------- ----------- ------------- ---------- ----------- -------- -------- ---- ---------------
GRC1019 RC 188 WGS84_30N 715731 579813 32 307 -50
--------- ----------- ----------- ------------- ---------- ----------- -------- -------- ---- ---------------
GRC1020 RC 250 WGS84_30N 715768 579733 27 308 -50
--------- ----------- ----------- ------------- ---------- ----------- -------- -------- ---- ---------------
GRC1021 RC 241 WGS84_30N 715736 579747 26 309 -50
--------- ----------- ----------- ------------- ---------- ----------- -------- -------- ---- ---------------
GRC1022 RC 147 WGS84_30N 715702 579775 27 310 -50 hole abandoned
in
mineralisation
due to water
ingress
--------- ----------- ----------- ------------- ---------- ----------- -------- -------- ---- ---------------
GRC1023 RC 212 WGS84_30N 715671 579799 28 311 -50
--------- ----------- ----------- ------------- ---------- ----------- -------- -------- ---- ---------------
End Notes
(1) Ore Reserves, Mineral Resources and Production Targets
The information in this announcement that relates to Ore
Reserves, Mineral Resources and Production Targets complies with
the 2012 Edition of the Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves (JORC
Code). The information in this announcement relating to the Mineral
Resource Estimate ("MRE") of 35.3Mt @ 1.25% Li(2) O for Ewoyaa is
extracted from the Company's announcement dated 1 February 2023,
which is available at atlanticlithium.com.au . The MRE includes a
total of 3.5Mt @ 1.37% Li(2) O in the Measured category, 24.5Mt @
1.25% Li(2) O in the Indicated category and 7.4Mt @ 1.16% Li(2) O
in the Inferred category. The Company confirms that all technical
parameters underpinning the MRE continue to apply. Material
assumptions for the Project have been revised on grant of the
Mining Lease for the Project, announced by the Company on 20
October 2023. The Company is not aware of any new information or
data that materially affects the information included in this
announcement or the announcements dated 1 February 2023 and 20
October 2023.
Competent Persons
Information in this report relating to the exploration results
is based on data reviewed by Mr Lennard Kolff (MEcon. Geol., BSc.
Hons ARSM), Chief Geologist of the Company. Mr Kolff is a Member of
the Australian Institute of Geoscientists who has in excess of 20
years' experience in mineral exploration and is a Qualified Person
under the AIM Rules. Mr Kolff consents to the inclusion of the
information in the form and context in which it appears.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
For any further information, please contact:
Atlantic Lithium Limited
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company Secretary)
www.atlanticlithium.com.au
IR@atlanticlithium.com.au
Tel: +61 2 8072 0640
SP Angel Corporate Finance Yellow Jersey PR Limited Canaccord Genuity Limited
LLP Charles Goodwin Financial Adviser:
Nominated Adviser Bessie Elliot Raj Khatri (UK) /
Jeff Keating atlantic@yellowjerseypr.com Duncan St John, Christian
Charlie Bouverat Tel: +44 (0)20 3004 Calabrese (Australia)
Tel: +44 (0)20 3470 9512
0470 Corporate Broking:
James Asensio
Tel: +44 (0) 20 7523
4500
============================== ============================= =============================
Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au
Atlantic Lithium is an AIM and ASX-listed lithium company
advancing a portfolio of lithium projects in Ghana and Côte
d'Ivoire through to production.
The Company's flagship project, the Ewoyaa Project in Ghana, is
a significant lithium spodumene pegmatite discovery on track to
become Ghana's first lithium-producing mine.
The Definitive Feasibility Study for the Project indicates the
production of 3.6Mt of spodumene concentrate over a 12-year mine
life, making it one of the top 10 largest spodumene concentrate
mines in the world.
The Project, which was awarded a Mining Lease in October 2023,
is being developed under a funding agreement with Piedmont Lithium
Inc.
Atlantic Lithium holds 509km(2) and 774km(2) of tenure across
Ghana and Côte d'Ivoire respectively, comprising significantly
under-explored, highly prospective licences.
JORC Code Table 1: Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections).
Criteria JORC Code Explanation Commentary
========== =========================================================== =================================================================
Sampling
techniques * Nature and quality of sampling (e.g. cut channels, * RC drill holes were routinely sampled at 1m intervals
random chips, or specific specialised industry with a nominal 3-6kg sub-sample split off for assay
standard measurement tools appropriate to the using a rig-mounted cone splitter at 1m intervals.
minerals under investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc.). These
examples should not be taken as limiting the broad * For assaying, splits from all prospective ore zones
meaning of sampling. (i.e. logged pegmatites +/- interburden) were sent
for assay. Outside of these zones, the splits were
composited to 4m using a portable riffle splitter.
* Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used. * Holes without pegmatite were not assayed.
* Aspects of the determination of mineralisation that * Approximately 5% of all samples submitted were
are Material to the Public Report. standards and coarse blanks. Blanks were typically
inserted with the interpreted ore zones after the
drilling was completed.
* In cases where 'industry standard' work has been done
this would be relatively simple (e.g. 'reverse
circulation drilling was used to obtain 1m samples * Approximately 2.5% of samples submitted were
from which 3kg was pulverised to produce a 30g charge duplicate samples collected after logging using a
for fire assay'). In other cases more explanation may riffle splitter and sent to an umpire laboratory.
be required, such as where there is coarse gold that This ensured zones of interest were duplicated and
has inherent sampling problems. Unusual commodities not missed during alternative routine splitting of
or mineralisation types (e.g. submarine nodules) may the primary sample.
warrant disclosure of detailed information.
* Although no assays are reported herewith, samples
were sent to Intertek Tarkwa for sample preparation
(SP02/SP12) and subsequently forwarded to Intertek
Perth for analysis (FP6/MS/OES - 21 element
combination Na(2) O(2) fusion with combination
OES/MS).
========== =========================================================== =================================================================
Drilling
techniques * Drill type (e.g. core, reverse circulation, open-hole * RC drilling was completed using a 5.75-inch face
hammer, rotary air blast, auger, Bangka, sonic, etc.) sampling hammer.
and details (e.g. core diameter, triple or standard
tube, depth of diamond tails, face-sampling bit or
other type, whether core is oriented and if so, by * Representative RC drill chips were collected on 1m
what method, etc.). intervals through all pegmatite zones using a rig
mounted cone splitter for geological, structural and
geotechnical logging by a Company geologist.
========== =========================================================== ================================================================
Drill
sample * Method of recording and assessing core and chip * A semi-quantitative estimate of sample recovery was
recovery sample recoveries and results assessed. completed for the vast majority of drilling. This
involved weighing both the bulk samples and splits
and calculating theoretical recoveries using assumed
* Measures taken to maximise sample recovery and ensure densities. Where samples were not weighed,
representative nature of the samples. qualitative descriptions of the sample size were
recorded. Some sample loss was recorded in the
collaring of the RC drill holes.
* Whether a relationship exists between sample recovery
and grade and whether sample bias may have occurred
due to preferential loss/gain of fine/coarse
material.
========== =========================================================== ================================================================
Logging
* Whether core and chip samples have been geologically * All drill sample intervals were geologically logged
and geotechnically logged to a level of detail to by Company geologists.
support appropriate Mineral Resource estimation,
mining studies and metallurgical studies.
* Where appropriate, geological logging recorded the
abundance of specific minerals, rock types and
* Whether logging is qualitative or quantitative in weathering using a standardised logging system that
nature. Core (or costean, channel, etc.) photography. captured preliminary metallurgical domains.
* The total length and percentage of the relevant * Visual estimates of spodumene modal abundance were
intersections logged. logged and estimated using a visual percentage
estimation chart as a guide.
* All logging is qualitative, except for the systematic
collection of magnetic susceptibility data which
could be considered semi quantitative.
* Strip logs have been generated for each drill hole to
cross-check geochemical data with geological logging.
* A small sample of washed RC drill material was
retained in chip trays for future reference and
validation of geological logging, and sample reject
materials from the laboratory are stored at the
Company's field office.
* All drill holes have been logged and reviewed by
Company technical staff.
* A total of 1,400m of RC drilling is reported which
was logged in its entirety at 1m intervals.
========== =========================================================== ================================================================
Criteria JORC Code Explanation Commentary
============ ========================================================== ===========================================================
Sub-sampling
techniques * If core, whether cut or sawn and whether quarter, * RC samples were cone split at the drill rig. For
and sample half or all core taken. interpreted waste zones the 1 or 2m rig splits were
preparation later composited using a riffle splitter into 4m
composite samples.
* If non-core, whether riffled, tube sampled, rotary
split, etc. and whether sampled wet or dry.
* Since December 2018, samples were submitted to
Intertek Tarkwa (SP02/SP12) for sample preparation.
* For all sample types, the nature, quality and Samples were weighed, dried and crushed to -2mm in a
appropriateness of the sample preparation technique. Boyd crusher with an 800-1,200g rotary split,
producing a nominal 1,500g split crushed sample;
which was subsequently pulverised in a LM2 ring mill.
* Quality control procedures adopted for all Samples were pulverised to a nominal 85% passing
sub-sampling stages to maximise representivity of 75um. All the preparation equipment was flushed with
samples. barren material prior to the commencement of the job.
Coarse reject material was kept in the original bag.
Lab sizing analysis was undertaken on a nominal 1:25
* Measures taken to ensure that the sampling is basis. Final pulverised samples (20g) were
representative of the in situ material collected, airfreighted to Intertek in Perth for assaying.
including for instance results for field
duplicate/second-half sampling.
* The vast majority of samples were drilled dry.
Moisture content was logged qualitatively. All
* Whether sample sizes are appropriate to the grain intersections of the water table were recorded in the
size of the material being sampled. database.
* Field sample duplicates were taken to evaluate
whether samples were representative and understand
repeatability, with good repeatability.
* Sample sizes and laboratory preparation techniques
were appropriate and industry standard.
============ ========================================================== ===========================================================
Quality of * No assay results are being reported.
assay data * The nature, quality and appropriateness of the
and assaying and laboratory procedures used and whether
laboratory the technique is considered partial or total.
tests
* For geophysical tools, spectrometers, handheld XRF
instruments, etc., the parameters used in determinin
g
the analysis including instrument make and model,
reading times, calibrations factors applied and thei
r
derivation, etc.
* Nature of quality control procedures adopted (e.g.
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy
(i.e. lack of bias) and precision have been
established.
============ ========================================================== ===========================================================
Criteria JORC Code Explanation Commentary
============ =============================================================== ===========================================================
Verification
of sampling * The verification of significant intersections by * Significant intersections were visually field
and assaying either independent or alternative company personnel. verified by company geologists and Shaun Searle of
Ashmore during the 2019 site visit.
* The use of twinned holes.
* Drill hole data was compiled and digitally captured
by Company geologists in the field. Where
* Documentation of primary data, data entry procedures hand-written information was recorded, all hardcopy
, records were kept and archived after digitising.
data verification, data storage (physical and
electronic) protocols.
* Drilling data were captured on paper and locked excel
templates and migrated to LogChief which has inbuilt
* Discuss any adjustment to assay data. data validation protocols. All analytical results
were transferred digitally and loaded into the
database by a Datashed consultant.
* The data was audited, and any discrepancies checked
by the Company personnel before being updated in the
database.
* No assay results are being reported.
============ =============================================================== ===========================================================
Location of
data points * Accuracy and quality of surveys used to locate drill * The time of reporting, the collar locations were
holes (collar and down-hole surveys), trenches, mine surveyed in WGS84 Zone 30N using handheld GPS.
workings and other locations used in Mineral Resource
estimation.
* Prior to Resource estimation, the collar locations
will be surveyed in WGS84 Zone 30 North using DGPS
* Specification of the grid system used. survey equipment, which is accurate to 0.11mm in both
horizontal and vertical directions by qualified
surveyors. Once validated, the survey will be
* Quality and adequacy of topographic control. uploaded into Datashed.
* RC drill holes were routinely down hole surveyed
using a Reflex SPRINT tool.
* LiDAR survey was completed by Southern Mapping to
produce rectified colour images and a digital terrain
model (DTM) 32km(2) , Aircraft C206 aircraft-mounted
LiDAR Riegl Q780 Camera Hasselblad H5Dc with 50mm
Fixfocus lens.
* Coordinate system: WGS84 UTM30N.
* The topographic survey and photo mosaic output from
the survey is accurate to 20mm.
* Locational accuracy at collar and down the drill hole
is considered appropriate for reporting of
exploration results.
============ =============================================================== ===========================================================
Data spacing
and * Data spacing for reporting of Exploration Results. * The RC holes were drilled on a nominal 40m x 40m grid
distribution at -50 degree inclination towards 305 azimuth.
* Whether the data spacing and distribution is
sufficient to establish the degree of geological and * Where possible, holes are generally angled
grade continuity appropriate for the Mineral Resource perpendicular to interpreted mineralisation
and Ore Reserve estimation procedure(s) and orientations at the Project.
classifications applied.
* Samples were composited to 1m intervals prior to
* Whether sample compositing has been applied. logging.
============ =============================================================== ===========================================================
Criteria JORC Code Explanation Commentary
=========== =========================================================== ===========================================================
Orientation
of data in * Whether the orientation of sampling achieves unbiased * As a guiding rule, the drill line and drill hole
relation to sampling of possible structures and the extent to orientation are oriented as close as practicable to
geological which this is known, considering the deposit type. perpendicular to the orientation of the general
structure mineralised orientation.
* If the relationship between the drilling orientation
and the orientation of key mineralised structures is * As this is a new area of drilling, the general
considered to have introduced a sampling bias, this mineralised orientation is not well constrained and
should be assessed and reported if material. some reported intervals may be oblique to
mineralisation.
* Orientation based sampling bias is identified in the
data.
=========== =========================================================== ===========================================================
Sample
security * The measures taken to ensure sample security. * Samples were stored on site prior to road
transportation by Company personnel to the SGS
preparation laboratory.
* With the change of laboratory to Intertek, samples
were picked up by the contractor and transported to
the sample preparation facility in Tarkwa.
=========== =========================================================== ===========================================================
Audits or
reviews * The results of any audits or reviews of sampling * Prior to the drilling programme, a third-party
techniques and data. Project review was completed by an independent
consultant experienced with the style of
mineralisation.
* In addition, Shaun Searle of Ashmore reviewed
drilling and sampling procedures during the 2019 site
visit and found that all procedures and practices
conform to industry standards.
=========== =========================================================== ===========================================================
'JORC Code 2012 Table 1' Section 2 Reporting of Exploration
Results
(Criteria listed in the preceding section also apply to this
section).
Criteria JORC Code Explanation Commentary
=========== ========================================================== ===========================================================
Mineral
tenement * Type, reference name/number, location and ownership * The Project covers two contiguous licences the
and land including agreements or material issues with third Mankessim (RL 3/55) and Mankessim South (PL3/109)
tenure parties such as joint ventures, partnerships, licence.
status overriding royalties, native title interests,
historical sites, wilderness or national park and
environmental settings. * The Mankessim is a joint-venture, with the licence in
the name of the joint-venture party (Barari DV Ghana
Limited). Document number: 0853652-18.
* The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area. * The Project occurs within a Mineral Prospecting
licence and was renewed on the 27 July 2021 for a
further three-year period, valid until 27 July 2024.
* The Mankessim South licence is a wholly-owned
subsidiary of Green Metals Resources. The Mineral
Prospecting licence renewal was submitted in Nov 2022
for a further three-year period.
* The tenement is in good standing with no known
impediments.
* Mining Lease granted in respect of the Project for a
period of 15 years, effective 20 October 2023 until
19 October 2038, file number ML 3/239.
=========== ========================================================== ===========================================================
Exploration
done by * Acknowledgment and appraisal of exploration by other * Historical trenching and mapping were completed by
other parties. the Ghana Geological survey during the 1960s. But for
parties some poorly referenced historical maps, none of the
technical data from this work was located. Many of
the historical trenches were located, cleaned and
re-logged. No historical drilling was completed.
=========== ========================================================== ===========================================================
Geology
* Deposit type, geological setting and style of * Pegmatite-hosted lithium deposits are the target for
mineralisation. exploration. This style of mineralisation typically
forms as dykes and sills intruding or in proximity to
granite source rocks.
* Surface geology within the Project area typically
consists of sequences of staurolite and
garnet-bearing pelitic schist and granite with lesser
pegmatite and mafic intrusives. Outcrops are
typically sparse and confined to ridge tops with
colluvium and mottled laterite blanketing much of the
undulating terrain making geological mapping
challenging. The hills are often separated by broad,
sandy drainages.
=========== ========================================================== ===========================================================
Drillhole
Information * A summary of all information material to the * All information is included in the body of the
understanding of the exploration results including a announcement and appendices. No drill hole
tabulation of the following information for all information was excluded.
Material drill holes:
* easting and northing of the drill hole collar
* elevation or RL (Reduced Level - elevation above sea
level in metres) of the drill hole collar
* dip and azimuth of the hole
* downhole length and interception depth
* hole length
* If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent Person
should clearly explain why this is the case.
=========== ========================================================== ===========================================================
Criteria JORC Code Explanation Commentary
============== =========================================================== ============================================================
Data
aggregation * In reporting Exploration Results, weighting averaging * Visual estimates of modal spodumene abundance are
methods techniques, maximum and/or minimum grade truncations being reported within all intersected pegmatite
(e.g. cutting of high grades) and cut-off grades are intervals within the reported drill holes of this
usually Material and should be stated. announcement.
* Where aggregate intercepts incorporate short lengths * Average ranges with 5% visual estimation variance
of high grade results and longer lengths of low grade were composited for summary reporting into larger
results, the procedure used for such aggregation intervals dependent on spodumene modal abundance
should be stated and some typical examples of such within logged 1m drill sample intervals.
aggregations should be shown in detail.
* For assay, the samples have not been composited as
* The assumptions used for any reporting of metal per the visual estimate spodumene logs, and have been
equivalent values should be clearly stated. submitted at 1m intervals within all pegmatite
intervals for reporting once received.
* No metal equivalent values are being reported.
* Visual estimates of mineral abundance should never be
considered a proxy or substitute for laboratory
analyses where concentrations or grades are the
factor of principal economic interest. Visual
estimates also potentially provide no information
regarding impurities or deleterious physical
properties relevant to valuations
============== =========================================================== ============================================================
Relationship
between * These relationships are particularly important in the * The drill line and drill hole orientation are
mineralisation reporting of Exploration Results. oriented as close to 90deg degrees to the orientation
widths and of the anticipated mineralised orientation as
intercept practicable.
lengths * If the geometry of the mineralisation with respect to
the drill hole angle is known, its nature should be
reported. * The majority of the drilling is interpreted to
intersect the mineralisation at 45deg, however this
is uncertain without further drilling.
* If it is not known and only the downhole lengths are
reported, there should be a clear statement to this
effect (e.g. 'downhole length, true width not * Downhole lengths are reported and true widths are
known'). uncertain at this stage.
============== =========================================================== ============================================================
Diagrams
* Appropriate maps and sections (with scales) and * Relevant diagrams have been included within the body
tabulations of intercepts should be included for any of the announcement.
significant discovery being reported. These should
include, but not be limited to, a plan view of drill
hole collar locations and appropriate sectional
views.
============== =========================================================== ============================================================
Balanced
reporting * Where comprehensive reporting of all Exploration * All hole collars were surveyed WGS84 Zone 30 North
Results is not practicable, representative reporting grid using a handheld GPS. All RC holes were
of both low and high grades and/or widths should be down-hole surveyed with a north-seeking gyroscopic
practiced to avoid misleading reporting of tool.
Exploration Results.
* All pegmatite intervals have been reported whether
observed with visual spodumene or not.
============== =========================================================== ============================================================
Other
substantive * Other exploration data, if meaningful and material, * Results were visually estimated from drill hole chips,
exploration should be reported including (but not limited to): with geological logging used to aid interpretation of
data geological observations; geophysical survey results; mineralised contact positions.
geochemical survey results; bulk samples - size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock * Geological observations are included in the
characteristics; potential deleterious or announcement.
contaminating substances.
============== =========================================================== ============================================================
Further work
* The nature and scale of planned further work (e.g. * Follow up RC and DD drilling may be undertaken.
tests for lateral extensions or depth extensions or
large-scale step-out drilling).
* Further metallurgical test work may be required as
the Project progresses through the study stages.
* Diagrams clearly highlighting the areas of possible
extensions, including the main geological
interpretations and future drilling areas, provided * Drill spacing is currently considered adequate for
this information is not commercially sensitive. the current level of interrogation of the Project.
============== =========================================================== ============================================================
end
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END
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November 28, 2023 02:00 ET (07:00 GMT)
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