Atlantic Lithium (ASX: $ALL) announces further high-grade drill intersections at Ewoyaa Lithium Project

Atlantic Lithium Limited (ASX: $ALL) has reported further broad and high-grade assay results from resource drilling completed at its flagship Ewoyaa Lithium Project in Ghana, West Africa. The company has received further assay results for 2,514m of extensional resource reverse circulation drilling completed at the Dog-Leg target, representing the final results from drilling undertaken in 2023, with a total of 25,898m drilled throughout the year. The drilling has intersected shallow dipping, near surface mineralised pegmatite bodies with true thicknesses up to 35m outside of the current Mineral Resource Estimate (MRE), proving potential for significant resource growth.

Executive Commentary on Latest Progress

The Executive Chairman of Atlantic Lithium, Neil Herbert, expressed satisfaction with the latest progress, stating, 'The final assay results from drilling completed in 2023 have again delivered impressive intersections, providing further confidence in the growth potential of the current 35.3Mt @ 1.25% Li2O Resource at the Ewoyaa Lithium Project. On the back of the encouraging results delivered from drilling completed in 2023 at Dog-Leg, we are excited to have recently completed a further 874m of resource extension drilling at the target as part of our resource growth programme for 2024. We look forward to receiving further drilling results and delivering a MRE upgrade for the Project, targeted for H2 2024.'

Summary of Announcement and Outlook

Atlantic Lithium's latest announcement highlights the company's successful drilling program at the Dog-Leg target, with multiple high-grade and broad extensional drill intersections reported outside of the current Mineral Resource Estimate. The company is advancing the drilling program to be undertaken in 2024, with further resource extension and exploration drilling planned alongside ongoing regional exploration. Additionally, the company plans to incorporate all 2023 and 2024 drilling results into a MRE upgrade targeted for H2 2024. The completion of the plant site sterilisation drilling without any significant mineralisation provides confidence in the proposed plant site location. Atlantic Lithium looks forward to updating shareholders on its ongoing progress and aims to become the first lithium-producing mine in Ghana.