IronRidge soars on lithium study

SHARES in London-listed IronRidge Resources jumped by as much as 36% on Tuesday in response to a scoping study for the company’s Ewoyaa lithium project in Ghana.

IronRidge soars on lithium study IronRidge soars on lithium study IronRidge soars on lithium study IronRidge soars on lithium study IronRidge soars on lithium study

IronRidge Resources' Ewoyaa lithium project located in Ghana, West Africa

The study showed a post-tax net present value of US$345 million and an internal rate of return of 125% against initial capital costs of $68 million.