By: African mining market

Atlantic Lithium Ltd. the Africa-focused lithium exploration and development company targeting the delivery of Ghana’s first lithium mine, is pleased to announce the discovery of spodumene pegmatite in outcrop and float in the Agboville and Rubino exploration licences in Côte d’Ivoire, which are 100%-owned by the Company’s wholly-owned subsidiary Khaleesi Resources SARL, and the delineation of significant lithium-in-soil anomalies from soil sampling completed within the Rubino licence.

Commenting, Keith Muller, Chief Executive Officer of Atlantic Lithium, said: “The discovery of spodumene pegmatite at both of the Company’s Agboville and Rubino licences represents a momentous occasion for Atlantic Lithium’s first low-cost exploration campaign in Côte d’Ivoire.

“High-grade assay results returned from the rock-chip sampling programme undertaken across both licences confirm visual spodumene observations made during mapping, clearly demonstrating the significant prospectivity of the Company’s tenure.

“In addition, results received from the Phase 2 soil sampling programme completed at Rubino indicate pronounced lithium-in-soil anomalies over a 2.5km by 2.0km area within the licence. The anomalies remain open to the northeast, and the Company eagerly awaits results from the now-completed Phase 3 programme.

Having been granted the licences in May 2024, the programmes at Agboville and Rubino extend the Company’s lithium exploration activities beyond neighbouring Ghana, where the Company is advancing its flagship Ewoyaa Lithium Project through the permitting phase to become one of the next globally-significant spodumene mines.

“These encouraging results mark an exciting milestone for Atlantic Lithium’s exploration efforts in Côte d’Ivoire, where the Company aims to discover Africa’s next major lithium deposit.

“While our primary focus remains firmly on progressing Ewoyaa towards a Final Investment Decision, we believe the Agboville and Rubino licences, which are 100%-owned through the Company’s wholly-owned subsidiary, Khaleesi Resources SARL, represent an attractive opportunity for value creation through low-cost exploration and strategic diversification into multiple jurisdictions.

“The Company intends to leverage the substantial expertise gained from lithium exploration, discovery and evaluation at Ewoyaa to advance its licences in Côte d’Ivoire, supporting its longer-term spodumene production ambitions in Africa.

“We look forward to providing further updates in due course.”