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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Atlantic Lithium Limited | LSE:ALL | London | Ordinary Share | AU0000237554 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.52 | 2.74% | 19.52 | 19.66 | 19.80 | 19.80 | 19.00 | 19.02 | 1,435,292 | 16:35:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 0 | -12.19M | -0.0200 | -9.83 | 119.78M |
TIDMALL
RNS Number : 5133M
Atlantic Lithium Limited
12 January 2023
12 January 2023
Final Resource Drilling Results Received
New Mineralised Pegmatites Confirmed
Ewoyaa Lithium Project Ghana, West Africa
Atlantic Lithium Limited (AIM: ALL, OTC: ALLIF, ASX: A11 "Atlantic Lithium" or the "Company"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce final assay results from the resource and exploration drilling programme completed at the Ewoyaa Lithium Project ("Ewoyaa" or the "Project") in Ghana, West Africa .
HIGHLIGHTS:
Ø Final assay results received for a further 10,052m of exploration and infill diamond core ("DD") drilling and reverse circulation ("RC") drilling completed at the Ewoyaa Project, part of the now completed resource evaluation and exploration RC and DD programme.
Ø Newly reported assay results confirm new mineralised pegmatites at the Grasscutter North, Kaampakrom North and Assan targets, outside the currently defined 30.1Mt @ 1.26% Li(2) O Ewoyaa JORC (2012) Compliant Mineral Resource Estimate ("MRE" or the "Resource").
Ø Multiple high-grade drill intersections reported at the Kaampakrom North, Grasscutter North, Anokyi and Grasscutter West targets, including highlights of:
o GRC0825: 36m at 1.23% Li(2) O from 42m
o GDD0102A: 22.2m at 1.62% Li(2) O from 73.3m
o GRC0837: 20m at 1.6% Li(2) O from 44m
o GDD0103: 15.1m at 1.24% Li(2) O from 55.4m
o GRC0842: 12m at 1.55% Li(2) O from 93m
o GRC0839: 13m at 1.35% Li(2) O from 99m
o GRC0850: 12m at 1.24% Li(2) O from 96m
o GRC0341: 12m at 1.03% Li(2) O from 134m
o GRC0844: 7m at 1.69% Li(2) O from 162m
o GRC0872: 8m at 1.48% Li(2) O from 34m
Ø All assay results now reported for the total approximate 47,000m drilling programme completed.
Ø Resource upgrade targeted for Q1 2023; to inform Definitive Feasibility Study ("DFS") targeted for completion mid-2023 .
Ø Recently announced processing plant FEED engineering contract (refer RNS of 13 December 2022) awarded to Primero to optimise the Project's flow sheet, identify long lead items, maximise the Project's long-term profitability, reduce execution risk and ultimately support the advancement of the Project towards becoming a financially and operationally robust lithium-producing mine.
Ø Recently announced Pre-Feasibility Study (refer RNS of 22 September 2022) delivers exceptional financial outcomes for a 2Mtpa operation, producing an average c. 255,000tpa of 6% Li(2) O spodumene concentrate ("SC6") over a 12.5-year operation:
o LOM revenues exceeding US$4.84bn, Post-tax NPV(8) of US$1.33bn, IRR of 224% over 12.5 years
o US$125m capital cost with industry-leading payback period of <5 months
o C1 cash operating costs of US$278 per tonne of 6% lithium spodumene concentrate Free on Board ("FOB") Ghana Port, after by-product credits
o Average Life of Mine ("LOM") EBITDA of US$248m per annum
o 18.9Mt at 1.24% Li(2) O Maiden Ore Reserve
o Average annualised US$1,359/dry metric tonne SC6 pricing used
Commenting on the Company's latest progress, Lennard Kolff, Interim Chief Executive Officer of Atlantic Lithium, said:
"Drilling continues to deliver high-grade drill intersections outside the current MRE.
"This last batch of results has delivered multiple near-surface drill intersections in new pegmatites defined outside of the resource footprint at the Kaampakrom North and Grasscutter North targets including highlights of 36m at 1.23% Li(2) O from 42m and 20m at 1.62% Li(2) O from 44m.
"Drilling has also returned high-grade, near-surface results at the Assan target approximately 3km north-east of the northern-most current pit design including highlights of 6m at 1.49% Li(2) O from 66m and 6m at 1.44% Li(2) O from 45m, demonstrating further potential within the mineralised pegmatite swarm.
"We have now reported all assay results for the approximate 47,000m drilling programme, with a Resource upgrade targeted for Q1 2023 and a DFS targeted for completion mid-2023.
" W ith the Pre-Feasibility Study delivered, the Mining Licence application submitted, the FEED engineering contract awarded and the funding agreement with our partner Piedmont Lithium in place, we feel the Company is ideally positioned to benefit from the ongoing lithium demand expected over the coming years."
New Drilling Results:
All remaining assay results have been received for an additional 10,052m of RC and DD drilling from the completed drill programme at the Ewoyaa Project. Multiple high-grade drill intersections are reported for exploration drilling results outside of the currently defined Resource at the Kaampakrom North, Grasscutter North and Assan targets as well as infill and metallurgical holes within the current MRE (refer Table 1, Appendix 1 and Appendix 2 ).
Table 1: Drill intersection highlights at greater than 8 Li x m, reported at a 0.4% Li(2) O cut-off and maximum of 4m of internal dilution.
Hole Target Deposit From To m Interval m Hole depth assay Intersection metal ID m m Li(2) content O Li % x m GRC0825: 36m at 1.23% Li2O Exploration Kaampakrom from GRC0825 drilling N 42 78 36.0 120 1.23 42m 44.28 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GDD0102A: 22.2m at 1.62% Metallurgical Kaampakrom Li2O GDD0102A Drilling W 73.3 95.5 22.2 150.3 1.62 from 73.3m 35.96 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0837: 20m at 1.6% Li2O Exploration Grasscutter from GRC0837 Drilling N 44 64 20.0 90 1.59 44m 31.86 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GDD0103: 15.1m at 1.24% Metallurgical Grasscutter Li2O GDD0103 Drilling W 55.4 70.5 15.1 120.4 1.24 from 55.4m 18.72 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0842: 12m at 1.55% Li2O Exploration Grasscutter from GRC0842 Drilling N 93 105 12.0 125 1.55 93m 18.59 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0839: 13m at 1.35% Li2O Exploration Grasscutter from GRC0839 Drilling N 99 112 13.0 140 1.34 99m 17.46 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0850: 12m at 1.24% Li2O Exploration Grasscutter from GRC0850 Drilling N 96 108 12.0 199 1.24 96m 14.83 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- ---------
GRC0341: 12m at 1.03% Li2O from GRC0341 IND re-entry Anokyi 134 146 12 170 1.03 134m 12.35 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0844: 7m at 1.69% Li2O Exploration Grasscutter from GRC0844 Drilling N 162 169 7.0 220 1.68 162m 11.79 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0872: 8m at 1.48% Li2O from GRC0872 EXPL Kaampakrom 34 42 8.00 70.00 1.47 34m 11.77 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0843: 14m at 0.77% Li2O Exploration Grasscutter from GRC0843 Drilling N 132 146 14.0 162 0.77 132m 10.73 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0848: 9m at 1.03% Li2O Exploration Grasscutter from GRC0848 Drilling N 137 146 9.0 166 1.03 137m 9.26 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0856: 6m at 1.49% Li2O Exploration from GRC0856 Drilling Assan 66 72 6.0 88 1.48 66m 8.90 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0465: 8m at 1.1% Li2O from GRC0465 IND re-entry Anokyi 129 137 8.00 168.00 1.09 129m 8.75 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0853: 6m at 1.44% Li2O Exploration from GRC0853 Drilling Assan 45 51 6.0 100 1.44 45m 8.64 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- --------- GRC0854: 6m at 1.34% Li2O Exploration from GRC0854 Drilling Assan 73 79 6.0 114 1.34 73m 8.01 --------------- ------------- ----- ----- ----------- ------------ ------- ------------- ---------
Exploration drilling results fall outside the current 30.1Mt at 1.26% Li(2) O Resource on newly defined pegmatites at the Kaampakrom North, Grasscutter North and Assan targets and demonstrates further resource scale potential at the Ewoyaa Project (refer Figure 1, Figure 2 and Figure 3 ).
Exploration drilling results confirm near-surface mineralisation on newly defined pegmatites within trucking distance of the currently defined mine design. Furthermore, new drilling results demonstrate a further 3km strike extension of prospective lithium pegmatite vein swarms towards the north-east of the current project footprint (refer Figure 1 ).
Sample preparation was completed by Intertek Ghana and assay by Intertek Perth with all reported results passing QA/QC protocols, providing confidence in reported results.
Figure 1: Location of reported assay results with highlight drill intersections.
Figure 2: Cross-section A-A' showing assay results received for GRC0825 and GRC0823 at the Kaampakrom North target.
Figure 3: Cross-section B-B' assay results received for GRC0837 and GRC0839 at the Grasscutter North target.
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.
Information in this report relating to Mineral Resources was compiled by Shaun Searle, a Member of the Australian Institute of Geoscientists. Mr Searle has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Searle is a director of Ashmore. Ashmore and the Competent Person are independent of the Company and other than being paid fees for services in compiling this report, neither has any financial interest (direct or contingent) in the Company. Mr Searle consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.
The reported Ore Reserves have been compiled by Mr Harry Warries. Mr Warries is a Fellow of the Australasian Institute of Mining and Metallurgy and an employee of Mining Focus Consultants Pty Ltd. He has sufficient experience, relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking, to qualify as a Competent Person as defined in the 'Australasian Code for Reporting of Mineral Resources and Ore Reserves' of December 2012 ("JORC Code") as prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Geoscientists and the Minerals Council of Australia. Mr Warries gives Atlantic Lithium Limited consent to use this reserve estimate in reports.
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 Tel: +61 2 8072 0640 Lennard Kolff (Interim CEO) Amanda Harsas (Finance Director and Company Secretary) www.atlanticlithium.com.au atlantic@yellowjerseypr.com SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470 Nominated Adviser Jeff Keating Charlie Bouverat Canaccord Genuity Limited Tel: +44 (0) 20 7523 4500 Joint Company Broker Raj Khatri James Asensio Harry Rees Liberum Capital Limited Tel: +44 (0) 20 3100 2000 Joint Company Broker Scott Mathieson Edward Thomas Kane Collings Yellow Jersey PR Limited Tel: +44 (0)20 3004 9512 Henry Wilkinson Charles Goodwin Bessie Elliot
Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au
Atlantic Lithium (formerly "IronRidge Resources") 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 Company signed a funding agreement with Piedmont Lithium Inc. for US$103m towards the development of the Ewoyaa Project. Based on the Pre-Feasibility Study, the Ewoyaa Project has indicated Life of Mine revenues exceeding US$4.84bn, producing a spodumene concentrate via simple gravity only process flowsheet.
Atlantic Lithium holds 560km(2) & 774km(2) of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.
Appendix 1 - New drill intersections reported in hole ID order, reported at a 0.4% Li(2) O cut-off and maximum 4m of internal dilution.
Hole Target Deposit From To Interval Hole Assay Intersection Comment metal ID m m m depth Li2O% content m Li x m GRC0825: 36m at 1.23% Li2O GRC0825 EXPL Kaampakrom 42 78 36.0 120.0 1.23 from 42m 44.28 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GDD0102A: 22.2m at 1.62% Kaampakrom Li2O from GDD0102A MET W 73.3 95.5 22.2 150.3 1.62 73.3m 35.96 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0837: 20m Grasscutter at 1.6% Li2O GRC0837 EXPL N 44 64 20.0 90.0 1.59 from 44m 31.86 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GDD0103: 15.1m Grasscutter at 1.24% Li2O GDD0103 MET W 55.4 70.5 15.1 120.4 1.24 from 55.4m 18.72 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0842: 12m Grasscutter at 1.55% Li2O GRC0842 EXPL N 93 105 12.0 125.0 1.55 from 93m 18.59 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0839: 13m Grasscutter at 1.35% Li2O GRC0839 EXPL N 99 112 13.0 140.0 1.34 from 99m 17.46 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0850: 12m Grasscutter at 1.24% Li2O GRC0850 EXPL N 96 108 12.0 199.0 1.24 from 96m 14.83 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0341: 12m IND at 1.03% Li2O GRC0341 re-entry Anokyi 134 146 12 170.00 1.03 from 134m 12.35 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0844: 7m Grasscutter at 1.69% Li2O GRC0844 EXPL N 162 169 7.0 220.0 1.68 from 162m 11.79 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0872: 8m at 1.48% Li2O GRC0872 EXPL Kaampakrom 34 42 8.00 70.00 1.47 from 34m 11.77 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0843: 14m Grasscutter at 0.77% Li2O GRC0843 EXPL N 132 146 14.0 162.0 0.77 from 132m 10.73 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0848: 9m Grasscutter at 1.03% Li2O GRC0848 EXPL N 137 146 9.0 166.0 1.03 from 137m 9.26 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0856: 6m at 1.49% Li2O GRC0856 EXPL Assan 66 72 6.0 88.0 1.48 from 66m 8.90 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0465: 8m IND at 1.1% Li2O GRC0465 re-entry Anokyi 129 137 8.00 168.00 1.09 from 129m 8.75 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0853: 6m at 1.44% Li2O GRC0853 EXPL Assan 45 51 6.0 100.0 1.44 from 45m 8.64 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0854: 6m at 1.34% Li2O GRC0854 EXPL Assan 73 79 6.0 114.0 1.34 from 73m 8.01 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GDD0100: 11.9m at 0.66% Li2O GDD0100 MET Ewoyaa 85.4 97.3 11.9 140.2 0.66 from 85.4m 7.85
---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0828: 8m Grasscutter at 0.95% Li2O GRC0828 EXPL N 44 52 8.0 90.0 0.95 from 44m 7.60 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0843: 6m Grasscutter at 1.24% Li2O GRC0843 EXPL N 67 73 6.0 162.0 1.24 from 67m 7.41 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0855: 5m at 1.42% Li2O GRC0855 EXPL Assan 29 34 5.0 50.0 1.41 from 29m 7.06 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0867: 5m at 1.39% Li2O weathered GRC0867 IND Ewoyaa 38 43 5.00 80.00 1.39 from 38m pegmatite 6.94 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0869: 4m at 1.7% Li2O GRC0869 IND Ewoyaa 69 73 4.00 89.00 1.70 from 69m 6.79 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0570: 4m IND at 1.65% Li2O GRC0570 re-entry Anokyi 224 228 4.00 250.00 1.65 from 224m 6.58 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GDD0100: 6.7m at 0.94% Li2O GDD0100 MET Ewoyaa 26.3 33 6.7 140.2 0.94 from 26.3m 6.30 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0830: 6m Grasscutter at 1.04% Li2O GRC0830 EXPL N 86 92 6.0 128.0 1.04 from 86m 6.23 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0817: 6m at 1.01% Li2O GRC0817 IND Kaampakrom 57 63 6.0 110.0 1.00 from 57m 6.01 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0824: 5m at 1.17% Li2O GRC0824 IND Kaampakrom 62 67 5.0 110.0 1.17 from 62m 5.85 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0866: 4m at 1.4% Li2O GRC0866 IND Ewoyaa 62 66 4.00 82.00 1.40 from 62m 5.59 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0840: 3m at 1.73% Li2O GRC0840 IND Ewoyaa 60 63 3.0 90.0 1.73 from 60m 5.18 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GDD0100: 7.2m at 0.62% Li2O GDD0100 MET Ewoyaa 36.8 44 7.2 140.2 0.62 from 36.8m 4.46 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0882: 4m at 1.04% Li2O GRC0882 EXPL Kaampakrom 98 102 4.00 125.00 1.04 from 98m 4.16 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0874: 4m at 1% Li2O GRC0874 EXPL Kaampakrom 82 86 4.00 102.00 1.00 from 82m 3.99 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0875: 3m at 1.29% Li2O GRC0875 EXPL Kaampakrom 54 57 3.00 74.00 1.28 from 54m 3.85 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0870: 3m at 1.26% Li2O GRC0870 IND Ewoyaa 75 78 3.00 200.00 1.26 from 75m 3.77 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0863: 2m at 1.62% Li2O GRC0863 IND Ewoyaa 74 76 2.00 110.00 1.62 from 74m 3.23 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0822: 6m at 0.48% Li2O GRC0822 IND Kaampakrom 28 34 6.0 120.0 0.48 from 28m 2.88 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0852: 5m at 0.54% Li2O GRC0852 IND Ewoyaa 253 258 5.0 310.0 0.53 from 253m 2.67 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0823: 4m at 0.67% Li2O GRC0823 IND Kaampakrom 79 83 4.0 107.0 0.66 from 79m 2.65 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0862: 2m at 0.89% Li2O weathered GRC0862 IND Ewoyaa 40 42 2.00 80.00 0.89 from 40m pegmatite 1.77 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0852: 2m at 0.78% Li2O GRC0852 IND Ewoyaa 282 284 2.0 310.0 0.78 from 282m 1.55
---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GDD0103: 1.3m at 1.03% Li2O GDD0103 MET Ewoyaa 74.2 75.5 1.3 120.4 1.02 from 74.2m 1.33 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0850: 2m at 0.63% Li2O GRC0850 IND Ewoyaa 192 194 2.0 199.0 0.63 from 192m 1.26 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0880: 2m at 0.54% Li2O GRC0880 EXPL Kaampakrom 69 71 2.00 100.00 0.54 from 69m 1.08 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0882: 2m at 0.51% Li2O GRC0882 EXPL Kaampakrom 104 106 2.00 125.00 0.51 from 104m 1.02 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0852: 1m at 0.95% Li2O GRC0852 IND Ewoyaa 272 273 1.0 310.0 0.95 from 272m 0.95 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0843: 1m Grasscutter at 0.61% Li2O GRC0843 EXPL N 113 114 1.0 162.0 0.61 from 113m 0.61 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0848: 1m Grasscutter at 0.59% Li2O GRC0848 EXPL N 45 46 1.0 166.0 0.59 from 45m 0.59 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GDD0103: 1.3m at 0.44% Li2O GDD0103 MET Ewoyaa 96.4 97.7 1.3 120.4 0.43 from 96.4m 0.56 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0839: 1m at 0.55% Li2O GRC0838 Piezo Ewoyaa 73 74 1.0 140.0 0.55 from 73m 0.55 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GRC0882: 1m at 0.55% Li2O GRC0882 EXPL Kaampakrom 108 109 1.00 125.00 0.55 from 108m 0.55 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GDD0099: 1m at 0.41% Li2O GDD0099 GeoTech Ewoyaa 74 75 1.0 160.1 0.41 from 74m 0.41 ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- GDD0100: 0.41m at 1.2% Li2O GDD0100 MET Ewoyaa 72.6 73 0.4 140.2 1.20 from 72.6m ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GDD0101 GeoTech Ewoyaa 0 160 160.0 160.1 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0811 Piezo Kaampakrom 0 100 100.0 100.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0812 Piezo Kaampakrom 0 100 100.0 100.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0813 Piezo Kaampakrom 0 100 100.0 100.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0814A Piezo Anfeo 0 100 100.0 100.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0815 Piezo Anfeo 0 100 100.0 110.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0816 IND Kaampakrom 27 35 8.0 80.0 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0818 Piezo Kaampakrom 0 100 100.0 100.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0819 IND Kaampakrom 0 80.00 80.0 80.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0820 Piezo Kaampakrom 0 100.00 100.0 100.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0821 IND Kaampakrom 0 90.00 90.0 90.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant
GRC0826 IND Kaampakrom 0 120 120.0 120.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0827 IND Kaampakrom 12 14 2.0 86.0 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0827 IND Kaampakrom 18 21 3.0 86.0 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0827 IND Kaampakrom 39 40 1.0 86.0 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0827 IND Kaampakrom 58 60 2.0 86.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0827 IND Kaampakrom 69 70 1.0 86.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0829 IND Kaampakrom 30 32 2.0 140.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0829 IND Kaampakrom 95 96 1.0 140.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0831 IND Kaampakrom 0 100 100.0 100.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no Grasscutter significant weathered GRC0832 EXPL N 12 16 4.0 90.0 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no Grasscutter significant GRC0833 EXPL N 50 53 3.0 170.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no Grasscutter significant GRC0833 EXPL N 55 58 3.0 170.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no Grasscutter significant GRC0833 EXPL N 115 119 4.0 170.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no Grasscutter significant GRC0833 EXPL N 146 150 4.0 170.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0834 IND Kaampakrom 0 100.00 100.0 100.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0835 EXPL Kaampakrom 0 63.00 63.0 63.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0836 EXPL Kaampakrom 0 60.00 60.0 60.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0838 Piezo Ewoyaa 0 4 4.0 114.0 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0838 Piezo Ewoyaa 8 10 2.0 114.0 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0838 Piezo Ewoyaa 20 21 1.0 114.0 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0838 Piezo Ewoyaa 30 58 28.0 114.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0838 Piezo Ewoyaa 82 84 2.0 114.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0841 Piezo Abonko 0 100 100.0 100.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0845 EXPL Krofu 0 110 110.0 110.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no Grasscutter significant GRC0846 EXPL N 0 100 100.0 100.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ --------
no significant GRC0847 EXPL Krofu 0 250 250.0 250.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no Grasscutter significant GRC0849 EXPL N 0 130 130.0 130.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0851 EXPL Krofu 0 180 180.0 180.0 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0857 IND Ewoyaa 69 71 2.00 104.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0857 IND Ewoyaa 74 75 1.00 104.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0857 IND Ewoyaa 77 79 2.00 104.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0857 IND Ewoyaa 87 88 1.00 104.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0858 EXPL Kaampakrom 15 16 1.00 140.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0858 EXPL Kaampakrom 30 33 3.00 140.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no No significant pegmatite GRC0859 IND Ewoyaa 0 110 110.00 110.00 intersections intersected ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0860 IND Ewoyaa 53 54 1.00 80.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0860 IND Ewoyaa 71 72 1.00 80.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0861 EXPL Krofu 28 31 3.00 200.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0864 IND Ewoyaa 29 34 5.00 80.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no No significant pegmatite GRC0865 EXPL Krofu 0 100 100.00 100.00 intersections intersected ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0868 IND Ewoyaa 169 174 5.00 189.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no No significant pegmatite GRC0871 IND Ewoyaa 0 120 120.00 120.00 intersections intersected ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no No significant pegmatite GRC0873 IND Ewoyaa 0 110 110.00 110.00 intersections intersected ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0876 EXPL Kaampakrom 34 42 8.00 62.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0877 EXPL Kaampakrom 72 75 3.00 90.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0878 EXPL Kaampakrom 105 106 1.00 140.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0879 EXPL Kaampakrom 29 33 4.00 90.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0879 EXPL Kaampakrom 40 42 2.00 90.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0881 EXPL Kaampakrom 46 49 3.00 70.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no
significant GRC0881 EXPL Kaampakrom 51 54 3.00 70.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0883 EXPL Kaampakrom 2 3 1.00 74.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0883 EXPL Kaampakrom 6 9 3.00 74.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0883 EXPL Kaampakrom 17 19 2.00 74.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0883 EXPL Kaampakrom 38 39 1.00 74.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0883 EXPL Kaampakrom 41 44 3.00 74.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0884 EXPL Kaampakrom 77 80 3.00 95.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0885 EXPL Kaampakrom 0 3 3.00 90.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0886A EXPL Kaampakrom 56 57 1.00 80.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant weathered GRC0886A EXPL Kaampakrom 60 63 3.00 80.00 intersections pegmatite ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no significant GRC0887 EXPL Kaampakrom 83 87 4.00 102.00 intersections ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ -------- no No significant pegmatite GRC0888 EXPL Kaampakrom 0 80 80.00 80.00 intersections intersected ---------- ------------- ----- ------- --------- ------- ------ -------------- ------------ --------
Appendix 2 - Newly reported drill collar locations (MET = Metallurgy, IND = Indicated, EXPL = Exploration, Piezo = Piezometer)
Hole_ID Target Deposit Hole Depth Eastings Northings Elevation Dip Azimuth m m GDD0099 Geotech Ewoyaa 160.1 715441 579109 24 -50 305 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GDD0100 MET Ewoyaa 141.01 715578 580221 31 -50 270 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GDD0101 Geotech Ewoyaa 161.01 715711 579049 29 -50 305 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Kaampakrom GDD0102A MET W 151.01 715094 581188 64 -50 150 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GDD0103 MET Ewoyaa 121.01 715993 580099 38 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0341 IND re-entry Anokyi 170 716480 578713 53 -50 180 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0465 IND re-entry Anokyi 168 716400 578717 31 -51 181.79 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0470 IND re-entry Anokyi 150 716320 578787 24 -51 179.97 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0811 Piezo Kaampakrom 100 716542 581717 12 -89 0 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0812 Piezo Kaampakrom 100 716190 580380 21 -87 0 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0813 Piezo Kaampakrom 100 714969 579649 21 -89 0 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0814A Piezo Anfeo 100 714053 577694 20 -89 0 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0815 Piezo Anfeo 110 713748 578257 27 -90 0 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0816 EXPL Kaampakrom 80 715447 581460 28 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0817 EXPL Kaampakrom 110 715467 581430 29 -52 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0818 Piezo Kaampakrom 100 715873 581021 18 -87 0 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0819 EXPL Kaampakrom 80 715316 581442 48 -52 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0820 Piezo Kaampakrom 100 717958 581308 7 -88 0 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0821 EXPL Kaampakrom 90 715754 581635 42 -51 90 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0822 EXPL Kaampakrom 120 715629 581541 31 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0823 EXPL Kaampakrom 107 715750 581593 51 -50 90 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0824 EXPL Kaampakrom 110 715648 581507 37 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0825 EXPL Kaampakrom 120 715713 581593 52 -51 90
-------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0826 EXPL Kaampakrom 120 715596 581684 23 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0827 EXPL Kaampakrom 86 715852 581557 33 -51 90 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0828 IND N 90 716336 580453 29 -48 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0829 EXPL Kaampakrom 140 715814 581552 30 -50 90 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0830 IND N 128 716354 580485 26 -52 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0831 EXPL Kaampakrom 100 715738 581515 50 -51 90 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0832 IND N 90 716303 580482 21 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0833 IND N 170 716326 580514 21 -50 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0834 EXPL Kaampakrom 100 715838 581473 58 -51 90 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0835 EXPL Kaampakrom 63 715831 581838 20 -51 180 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0836 EXPL Kaampakrom 60 715911 581820 30 -51 180 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0837 IND N 90 716370 580430 37 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0838 Piezo Ewoyaa 114 713688 579469 39 -90 0 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0839 IND N 140 716387 580465 34 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0840 IND Ewoyaa 90 716400 580412 34 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0841 Piezo Abonko 100 717866 579565 8 -89 0 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0842 IND N 125 716419 580446 34 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0843 IND N 162 716440 580480 26 -52 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0844 IND N 220 716459 580517 22 -52 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0845 EXPL Krofu 110 713860 581554 52 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0846 IND N 100 716436 580391 29 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0847 EXPL Krofu 250 713929 581835 46 -52 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0848 IND N 166 716475 580458 25 -50 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0849 IND N 130 716457 580429 27 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- Grasscutter GRC0850 IND N 199 716492 580494 27 -52 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0851 EXPL Krofu 180 713878 581520 45 -50 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0852 IND Ewoyaa 310 715801 579075 47 -52 305 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0853 EXPL Assan 100 717357 583158 14 -51 340 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0854 EXPL Assan 114 717370 583127 34 -50 340 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0855 EXPL Assan 50 717428 583191 12 -51 340 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0856 EXPL Assan 88 717441 583154 33 -51 340 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0857 IND Ewoyaa 104 717083 580225 35 -51 180 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0858 EXPL Krampakrom 140 715672 581594 44 -51 90 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0859 IND Ewoyaa 110 717081 580264 40 -51 180 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0860 IND Ewoyaa 80 717001 580212 48 -51 180 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0861 EXPL Krofu 200 713811 581640 56 -50 150 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0862 IND Ewoyaa 80 717057 580469 33 -51 230 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0863 IND Ewoyaa 110 717088 580500 40 -51 230 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0864 IND Ewoyaa 80 717098 580401 20 -52 230 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0865 EXPL Krofu 100 713791 581674 49 -50 150 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0866 IND Ewoyaa 82 717127 580430 20 -51 230 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0867 IND Ewoyaa 80 717079 580439 25 -50 230 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0868 IND Ewoyaa 189 716514 580457 30 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0869 IND Ewoyaa 89 717109 580465 30 -50 230 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0870 IND Ewoyaa 200 716536 580491 35 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0871 IND Ewoyaa 120 716694 580237 58 -51 140
-------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0872 EXPL Krampakrom 70 715520 581496 28 -49 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0873 IND Ewoyaa 110 716493 580419 29 -51 210 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0874 EXPL Krampakrom 102 715541 581462 37 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0875 EXPL Krampakrom 74 715417 581430 30 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0876 EXPL Krampakrom 62 715496 581301 48 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0877 EXPL Krampakrom 90 715513 581266 55 -52 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0878 EXPL Krampakrom 140 715439 581395 30 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0879 EXPL Krampakrom 90 715559 581505 34 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0880 EXPL Krampakrom 100 715578 581475 42 -50 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0881 EXPL Krampakrom 70 715587 581779 31 -51 150 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0882 EXPL Krampakrom 125 715567 581817 36 -51 150 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0883 EXPL Krampakrom 74 715551 581763 31 -50 150 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0884 EXPL Krampakrom 95 715529 581793 38 -50 150 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0885 EXPL Krampakrom 90 715757 581712 25 -51 90 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0886A EXPL Krampakrom 80 715429 581245 54 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0887 EXPL Krampakrom 102 715450 581212 44 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- -------- GRC0888 EXPL Krampakrom 80 715403 581133 33 -51 330 -------------- ------------- ----------- --------- ---------- ---------- ---- --------
'JORC Code 2012 Table 1' Section 1 Sampling Techniques and Data
The following extract from the JORC Code 2012 Table 1 is provided for compliance with the Code requirements for the reporting of Exploration Results.
Criteria JORC Code explanation Commentary ------------- ------------------------------------------------------------ ------------------------------------------------------------ Sampling techniques * Nature and quality of sampling (eg 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 * DD holes were quarter core sampled at 1m intervals or meaning of sampling. to geological contacts for geochemical analysis. * Include reference to measures taken to ensure sample * For assaying, splits from all prospective ore zones representivity and the appropriate calibration of any (i.e., logged pegmatites +/- interburden) were sent measurement tools or systems used. for assay. Outside of these zones, the splits were composited to 4m using a portable riffle splitter. * Aspects of the determination of mineralisation that are Material to the Public Report. In cases where * Holes without pegmatite were not assayed. 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was * Approximately 5% of all samples submitted were pulverised to produce a 30 g charge for fire assay'). standards and coarse blanks. Blanks were typically In other cases more explanation may be required, such inserted with the interpreted ore zones after the as where there is coarse gold that has inherent drilling was completed. sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. * Approximately 2.5% of samples submitted were duplicate samples collected after logging using a riffle splitter and sent to an umpire laboratory. This ensured zones of interest were duplicated and not missed during alternative routine splitting of the primary sample. * Prior to the December 2018 - SGS Tarkwa was used for sample preparation (PRP100) and subsequently forwarded to SGS Johannesburg for analysis; and later SGS Vancouver for analysis (ICP90A). * Post December 2018 to present - Intertek Tarkwa was used 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). * ALS Laboratory in Brisbane was used for the Company's initial due diligence work programmes and was selected as the umpire laboratory since Phase 1. ALS conducts ME-ICP89, with a Sodium Peroxide Fusion. Detection limits for lithium are 0.01-10%. Sodium Peroxide fusion is considered a "total" assay technique for lithium. In addition, 22 additional elements assayed with Na(2) O(2) fusion, and combination MS/ICP analysis. ------------------------------------------------------------ ------------------------------------------------------------ Drilling techniques * Drill type (eg core, reverse circulation, open-hole * Five phases of drilling were undertaken at the hammer, rotary air blast, auger, Bangka, sonic, etc) Project using RC and DD techniques. All the RC
and details (eg core diameter, triple or standard drilling used face sampling hammers. tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). * Phase 1 and 2 programmes used a 5.25-inch hammers while Phase 3 and 5 used a 5.75-inch hammer. * All DD holes were completed using PQ and HQ core from surface (85mm and 63.5mm). * All DD holes were drilled in conjunction with a Reflex ACT II tool; to provide an accurate determination of the bottom-of-hole orientation. * All fresh core was orientated to allow for geological , structural and geotechnical logging by a Company geologist. ------------------------------------------------------------ ------------------------------------------------------------ Drill sample recovery * Method of recording and assessing core and chip * A semi-quantitative estimate of sample recovery was 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 * DD recoveries were measured and recorded. Recoveries material. in excess of 95.8% have been achieved for the DD drilling programme. Drill sample recovery and quality is adequate for the drilling technique employed. * The DD twin programme has identified a positive grade bias for iron in the RC compared to the DD results. ------------------------------------------------------------ ------------------------------------------------------------ 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 * All logging is qualitative, except for the systematic intersections logged. 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. * The logging is of sufficient detail to support the current reporting of a Mineral Resource. ------------------------------------------------------------ ------------------------------------------------------------ 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. * DD core was cut with a core saw and selected half core samples dispatched to Nagrom Laboratory in Perth for preliminary metallurgical test work. * For all sample types, the nature, quality and appropriateness of the sample preparation technique. * The other half of the core, including the bottom-of-hole orientation line, was retained for * Quality control procedures adopted for all geological reference. sub-sampling stages to maximise representivity of samples. * The remaining DD core was quarter cored for geochemical analysis. * Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field * Since December 2018, samples were submitted to duplicate/second-half sampling. Intertek Tarkwa (SP02/SP12) for sample preparation. Samples were weighed, dried and crushed to -2mm in a Boyd crusher with an 800-1,200g rotary split, * Whether sample sizes are appropriate to the grain producing a nominal 1,500g split crushed sample, size of the material being sampled. which was subsequently pulverised in a LM2 ring mill. Samples were pulverised to a nominal 85% passing 75um. All the preparation equipment was flushed with 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 basis. Final pulverised samples (20g) were airfreighted to Intertek in Perth for assaying. -- * The pulps were submitted for analysis by Sodium peroxide fusion (Nickel crucibles) and Hydrochloric acid to dissolve the melt. Analysed by Inductively Coupled Plasma Mass Spectrometry (FP6MS) / Inductively Coupled Plasma Optical (Atomic) Emission Spectrometry (FP6/OE). The analytical suite consisted of Al, B, Ba, Be, Ca, Cs, Fe, K, Li, Mg, Mn, Nb, P, Rb, S, Si, Sn, Sr, Ta and Ti. * The vast majority of samples were drilled dry. Moisture content was logged qualitatively. All intersections of the water table were recorded in the 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 assay data * The nature, quality and appropriateness of the * Analysis for lithium and a suite of other elements and assaying and laboratory procedures used and whether for Phase 1 drilling was undertaken at SGS laboratory the technique is considered partial or total. Johannesburg / Vancouver by ICP-OES after Sodium tests Peroxide Fusion. Detection limits for lithium (10ppm - 100,000ppm). Sodium Peroxide fusion is considered a * For geophysical tools, spectrometers, handheld XRF "total" assay technique for lithium. instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their * Review of standards and blanks from the initial derivation, etc. submission to Johannesburg identified failures (multiple standards reporting outside control limits). A decision was made to resubmit this batch * Nature of quality control procedures adopted (eg and all subsequent batches to SGS Vancouver - a standards, blanks, duplicates, external laboratory laboratory considered to have more experience with checks) and whether acceptable levels of accuracy (ie this method of analysis and sample type. lack of bias) and precision have been established. * Results of analyses for field sample duplicates are consistent with the style of mineralisation and considered to be representative. Internal laboratory QAQC checks are reported by the laboratory, including sizing analysis to monitor preparation and internal laboratory QA/QC. These were reviewed and retained in the company drill hole database. * 155 samples were sent to an umpire laboratory (ALS) and/assayed using equivalent techniques, with results demonstrating good repeatability. * ALL's review of QAQC suggests the SGS Vancouver and Intertek Perth laboratories performed within acceptable limits. * No geophysical methods or hand-held XRF units have been used for determination of grades in the Mineral Resource. ------------------------------------------------------------ ------------------------------------------------------------ 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 data verification, data storage (physical and records were kept and archived after digitising. electronic) protocols. * Phase 1 and 2 drilling programmes were captured on * Discuss any adjustment to assay data. paper or locked excel templates and migrated to an MS Access database and then into Datashed (industry standard drill hole database management software). The Phase 3 to 5 programmes were captured using LogChief which has inbuilt 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. * Twin DD holes were drilled to verify results of the RC drilling programmes. Results indicate that there is iron contamination in the RC drilling process. * Reported drill hole intercepts were compiled by the
Chief Geologist. * Adjustments to the original assay data included converting Li ppm to Li(2) O%. ------------------------------------------------------------ ------------------------------------------------------------ Location of data points * Accuracy and quality of surveys used to locate drill * The collar locations were surveyed in WGS84 Zone 30 holes (collar and down-hole surveys), trenches, mine North using DGPS survey equipment, which is accurate workings and other locations used in Mineral Resource to 0.11mm in both horizontal and vertical directions. estimation. All holes were surveyed by qualified surveyors. Once validated, the survey data was uploaded into Datashed. * Specification of the grid system used. * RC drill holes were routinely down hole surveyed * Quality and adequacy of topographic control. every 6m using a combination of EZ TRAC 1.5 (single shot) and Reflex Gyroscopic tools. * After the tenth drill hole, the survey method was changed to Reflex Gyro survey with 6m down hole data points measured during an end-of-hole survey. * All Phase 2 and 3 drill holes were surveyed initially using the Reflex Gyro tool, but later using the more efficient Reflex SPRINT tool. Phase 4 and 5 drill holes were surveyed using a Reflex SPRINT tool. * LiDAR survey Southern Mapping to produce rectified colour images and a digital terrain model (DTM) 32km2, Aircraft C206 aircraft-mounted LiDAR Riegl Q780 Camera Hasselblad H5Dc with 50mm Fixfocus lens. * Coordinate system: WGS84 UTM30N with accuracy to +/-0.04. * 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 resource estimation purposes. ------------------------------------------------------------ ------------------------------------------------------------ Data spacing and * Data spacing for reporting of Exploration Results. * The RC holes were initially drilled on 100m spaced distribution sections and 50m hole spacings orientated at 300deg or 330deg with dips ranging from -50deg to -60deg. * Whether the data spacing and distribution is Planned hole orientations/dips were occasionally sufficient to establish the degree of geological and adjusted due to pad and/or access constraints. grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. * Hole spacing was reduced to predominantly 40m spaced sections and 40m hole spacings. Holes are generally angled perpendicular to interpreted mineralisation * Whether sample compositing has been applied. orientations at the Project. * Samples were composited to 1m intervals prior to estimation. ------------------------------------------------------------ ------------------------------------------------------------ Orientation of data in * Whether the orientation of sampling achieves unbiased * The drill line and drill hole orientation are relation to sampling of possible structures and the extent to oriented as close as practicable to perpendicular to geological which this is known, considering the deposit type. the orientation of the general mineralised structure orientation. * If the relationship between the drilling orientation and the orientation of key mineralised structures is * Most of the drilling intersects the mineralisation at considered to have introduced a sampling bias, this close to 90 degrees ensuring intersections are should be assessed and reported if material. representative of true widths. It is possible that new geological interpretations and/or infill drilling requirements may result in changes to drill orientations on future programmes. * No orientation based sampling bias has been 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. ------------------------------------------------------------ ------------------------------------------------------------
Appendix - JORC Table 1, Section 2, Reporting of Exploration Results
Criteria JORC Code explanation Commentary --------------- ---------------------------------------------------------------- ---------------------------------------------------------------- Mineral tenement and * Type, reference name/number, location and ownership * Part of the Project is a joint-venture, with the land tenure including agreements or material issues with third license in the name of the joint-venture party status parties such as joint ventures, partnerships, (Barari DV Ghana). overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. * The southern portion of the deposit occurs within a wholly owned local subsidiary Green Metals Resources Ltd. * The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area. * The deposits are located on two licences Mankessim RL3/55 and Mankessim South PL109 * Mankessim South - (Green Metals Resources Ltd - 100% ALL) licence was renewed for three years and expires on 18(th) February 2023. * Mankessim - (Barari DV Ghana Ltd - 90% ALL) was renewed for three years and expires on the 22(nd) of March 2024 * The licenses are in good standing with no known impediments. ---------------------------------------------------------------- ---------------------------------------------------------------- Exploration done by other * Acknowledgment and appraisal of exploration by other * Historical trenching and mapping were completed by parties parties. the Ghana Geological survey during the 1960's. But for 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 . ---------------------------------------------------------------- ---------------------------------------------------------------- Drill hole information * A summary of all information material to the * All information has been included in the appendices. under-standing of the exploration results including a No drill hole information has been excluded. tabulation of the following information for all 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 * down hole 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. ---------------------------------------------------------------- ---------------------------------------------------------------- Data aggregation * In reporting Exploration Results, weighting averaging * All intersections are reported at a 0.4% Li20 cut-off methods techniques, maximum and/or minimum grade truncations with maximum 4m of internal pegmatite dilution and no (e.g. cutting of high grades) and cut-off grades are internal waste lithologies whether schist or granite. usually Material and should be stated. * No top-cut is applied as lithium pegmatites are a * Where aggregate intercepts incorporate short lengths bulk industrial mineral. of high-grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such * No metal equivalent values are being reported. aggregations should be shown in detail. * The assumptions used for any reporting of metal equivalent values should be clearly stated. ---------------------------------------------------------------- ---------------------------------------------------------------- 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 90 degrees to the orientation of widths and 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 intersects the mineralisation between 60 and 80 degrees. * If it is not known and only the down hole lengths are reported, there should be a clear statement to this * Where drilling has drilled down-dip of a known effect (e.g. 'down hole length, true width not pegmatite, it is reported as such. known'). ---------------------------------------------------------------- ---------------------------------------------------------------- Diagrams
* Appropriate maps and sections (with scales) and * Relevant plans and selected cross-sections have been tabulations of intercepts should be included for any included within the release. 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 * Accuracy and quality of surveys used to locate drill * All hole collars were surveyed WGS84 Zone 30 North holes (collar and down-hole surveys), trenches, mine grid using a differential GPS. All RC and DD holes workings and other locations used in Mineral Resource were down-hole surveyed with a north-seeking estimation. gyroscopic tool. * Where comprehensive reporting of all Exploration * All exploration results are being reported. Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. ---------------------------------------------------------------- ---------------------------------------------------------------- Other substantive * Other exploration data, if meaningful and material, * Drill hole intersections were calculated from drill exploration should be reported including (but not limited to): hole assay data, with geological logging used to aid data geological observations; geophysical survey results; interpretation of mineralised contact positions. geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock * No other exploration data are being reported. characteristics; potential deleterious or contaminating substances. ---------------------------------------------------------------- ---------------------------------------------------------------- Further work * The nature and scale of planned further work (e.g. * Drilling results for a planned infill and extensional tests for lateral extensions or depth extensions or drilling programme are being reported. large- scale step-out drilling). * Follow up RC and DD drilling may be undertaken once * Diagrams clearly highlighting the areas of possible all results from the drilling programme are reviewed; extensions, including the main geological either along strike or down-dip of the known interpretations and future drilling areas, provided pegmatites. this information is not commercially sensitive. * Drill spacing is currently considered adequate for the current level of interrogation of the Project. ---------------------------------------------------------------- ----------------------------------------------------------------
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