Iron Ridge: Due Diligence on Enchi Proci Lithium Project Completed

IronRidge Resources Limited (AIM: IRR, ‘IronRidge’ or the ‘Company’) is pleased to announce that the joint venture earn in arrangements with Enchi Proci SARL (‘Enchi’) for the Adzope license application is now unconditional. Additionally the Company is pleased to announce that 2 of its wholly owned applications have now been registered on the cadastral map. This provides IronRidge with exclusive rights to a prospective lithium license portfolio covering 1,177km2 in Ivory Coast, West Africa, complementing the Company’s exciting lithium portfolio in neighbouring Ghana.

As quoted in the press release:

Commenting on the Company’s latest progress, Vincent Mascolo, Chief Executive Officer of IronRidge, said: “The addition of these strategic and highly prospective licences to our lithium portfolio dovetail nicely into our exciting and advancing Lithium projects in Ghana, where we see enormous potential in the stored energy space and beyond. ‘‘The formula is right with revolutionary power initiatives expanding in Africa and globally; pro-mining jurisdictions, excellent proximity and infrastructure imply the potential for rapid development and first quartile costings.”

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