Ironridge Resources Share Discussion Threads

[ukgeorge] 25/5/2021 07:55

More good drill results, 15p soon haha, silly game this.

[ukgeorge] 19/5/2021 14:31

if it does I will double up, gold and lithium both doing well later in the year we should get a big resource upgrade.

[danmart2] 19/5/2021 14:09

Expecting the share price short term to sink as low as 15p

[ukgeorge] 11/5/2021 11:09

Shares outstanding 513.97M

IRR mkt cap is also £100M

[robbiekeane] 10/5/2021 12:30

If that is the stated aim then I hope so. Otherwise it'll be a bit of a wait.

[ukgeorge] 10/5/2021 10:19

The plan seems to be clear to increae the size of the known ore body for now. I doubt IRR will ever take it to production, I think it will likely be sold before then.

[robbiekeane] 10/5/2021 10:16

The news so far this year has been great, but the main market won't take notice until they get a sniff of production. That is what the company should prioritise imho.

[ukgeorge] 10/5/2021 09:29

looking at the chart with my rose tinted spectacles, it looks like a continuation wedge/pennant formation. which gives a 32p price target. 20p and the placing price looks to be good support.

Time will tell. Although it will take a few months the resource will hopefully double if not more after the 16.5 km of drilling.

[ukgeorge] 27/4/2021 09:21

Use of proceeds

It is intended that the proceeds of the Placing will primarily contribute to:

-- Delivering an updated Scoping Study and pre-feasibility study ("PFS") for the Ewoyaa Lithium Project ("ELP") in Ghana, including 30,000m of resource and exploration drilling, metallurgical test work, engineering studies and environmental and social studies.

-- Delivering a maiden mineral resource estimate and ongoing drill testing of exploration targets at the Zaranou Gold Project in Côte d'Ivoire.

-- Ongoing development of the Company's pipeline of prospective gold projects in Côte d'Ivoire and Chad, including exploration drilling programmes.

[ukgeorge] 27/4/2021 09:19

Raising at 20p, pretty good news

[ukgeorge] 20/4/2021 14:59

I probably shouldn't but I have the urge to buy more of these....

[ukgeorge] 20/4/2021 13:41

hTT ps://soundcloud.com/user-596578261/vsa-capital-morning-miner-200421

A good summary

[robbiekeane] 20/4/2021 11:08

It makes you wonder doesn't it? So many good finds (and results) but I suspect that the market is looking for production. Good price to buy in but you may have to wait a while for a major uplift.

[ukgeorge] 20/4/2021 07:54

More good drill results, probably fall back into the teens

[ukgeorge] 15/4/2021 11:42

I wish there weren't quite as many buying opportunities here.....

Hopefully all these good drill results will result in the resource base increasing substantially

[ukgeorge] 13/4/2021 12:24

IronRidge Resources* (IRR LN) 23p, Mkt Cap £104m – Multiple high grade lithium intersections point to Eqoyaa resource growth potential


• The Company released drilling results from an additional ~1,500m of drilling currently in progress at the Ewoyaa Lithium Project (ELP) in Ghana.
• Selected results from new targets tested adjacent to the ELP (<1,000m away="" included:="" ul="">
• 34m at 1.54% Li2O from 32m, including 13m at 1.8% Li2O from 51m and 1m at 4% Li2O from 62m (GRC0219);
• 36m at 1.44% Li2O from 83m, including 10m at 1.8% Li2O from 87m (GRC0221);
• 31m at 1.59% Li2O from 31m (GRC0223);
• 14m at 1.59% Li2O from 33m (GRC0217);
• 7m at 1.73% Li2O from 101m (GRC0220);
• 12m at 1.74% Li2O from 118m (GRC0220);
• 9m at 1.44% Li2O from 131m (GRC0220).
• The mineralisation has been traced over 400m of strike with true pegmatite widths up to 25m that remains open at depth and along strike.
• The team decided to expand the originally planned 12,500m RC drilling programme to 16,500m to expedite exploration programme aimed at growing the ELP mineral inventory and life of mine.
• ELP MRE currently stands at 14.5mt at 1.31% Li2O in total resource including 4.5mt at 1.39% Li2O in the Measured&Indicated category.

Conclusion: Drilling at new targets adjacent to the Ewoyaa lithium mineral resource area returns high grade wide close to surface intersections implying good resource expansion potential. The team decided to expand the drilling programme to 16,500m from originally planned 12,500m targeting Ewoyaa Lithium Project MRE growth.

*SP Angel act as Nomad for IronRidge Resources

[tom111] 13/4/2021 08:41

It has crazy,

[gooner1886] 13/4/2021 08:18

How hasnt this gone nuts

[joycey1882] 13/4/2021 07:40

Knew i should have bought in last week. Oh well. I'll wait for the next dip.

[ukgeorge] 13/4/2021 07:33

More great drill results

[tom111] 12/4/2021 20:52

Beginning to look as if the share price will start to look a lot stronger in the coming weeks as more positive news breaks imo

[joycey1882] 12/4/2021 13:07

China swapping Nickel for Lithium https://oilprice.com/Energy/Energy-General/Teslas-Biggest-Competitor-Is-Ditching-Nickel-And-Cobalt.html