EXPLORATION & DEVELOPMENT

IronRidge reports maiden lithium resource

AIM-listed Aussie miner defines "exceptional" resource

Staff reporter

This article is 6 years old. Images might not display.

The estimate for the whole Ewoyaa project, which includes the three deposits, is 14.5 million tonnes at 1.31% lithium oxide and 4.5Mt at 1.39%.

The company added it envisaged "greatest mineable widths up to 100m, mineralisation at surface with best mineralisation continuity and low strip ratios".

IronRidge claims it can achieve 6% lithium oxide concentrate grades at a recovery rate of over 80%. The company is attempting to position its resource as a source of supply for lithium ion batteries used in EVs and in energy storage.

The site is within 800m of a national highway and has electricity power lines nearby. The port of Takoradi is 110km away.

IronRidge raised £2 million equity funding in November for its projects in Ghana, Cote d'Ivoire and Chad. The company also reported "exceptional" results from Ewoyaa back in May.

The company has several other exploration targets within the 645km square Cape Coast area.

London-listed IronRidge Resources shares were trading at 12p on Tuesday. The company's share price has risen since December, when its shares were worth 9p. Its market capitalisation is £40.76 million.

The company is part of the DGR Global group of companies, which also includes SolGold.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.