Atlantic Lithium Limited announced initial assay results from the ongoing resource and exploration drilling programme at theEwoyaa Lithium Project in Ghana, West Africa. Initial assay results have been received for approximately 4,560m of RC drilling from the planned 37,000m resource evaluation and exploration drill programme, which remains ongoing. Multiple high-grade drill intersections are reported for the Grasscutter North target, which falls outside of the currently defined 30.1Mt @ 1.26% Li2O MRE.

Drilling results received to date at the Grasscutter North exploration target have confirmed multiple sub-parallel spodumene pegmatite dykes which occur in close proximity to the Grasscutter West deposit. The planned 37,000m programme consists of approximately 13,000m in 124 collars of exploration drilling, 18,000m in 100 collars of resource expansion and Inferred to Indicated infill drilling, 5,000m in 60 collars of Indicated to Measured infill drilling for the first 1.5 years of mine life and 1,000m in 6 collars of geotechnical diamond drilling. The majority of the programme is RC with approximately 3,000m to 5,000m of diamond drilling planned.

Drilling is ongoing, with approximately 15,000m of the planned 37,000m programme completed to date. Assays are still pending, including for the broad spodumene mineralised zones up to 80m long observed in holes GRC666, GRC667, GRC669 and GRC670 below the Ewoyaa Main deposit and the programme is expected to complete during Third Quarter 2022. The planned 37,000m programme consists of approximately 13,000m in 124 collars of exploration drilling, 18,000m in 100 collars of resource expansion and Inferred to Indicated infill drilling, 5,000m in 60 collars of Indicated to Measured infill drilling for the first 1.5 years of mine life and 1,000m in 6 collars of geotechnical diamond drilling.

The majority of the programme is RC with approximately 3,000m to 5,000m of diamond drilling planned. Drilling is ongoing, with approximately 15,000m of the planned 37,000m programme completed to date. Assays are still pending, including for the broad spodumene mineralised zones up to 80m long observed in holes GRC666, GRC667, GRC669 and GRC670 below the Ewoyaa Main deposit, and the programme is expected to complete during Third Quarter 2022.