IronRidge Resources taking big strides with gold and lithium projects

  • IronRidge Resources plans to demerge its gold assets in Ivory Coast and Chad
  • IronRidge Resources has huge gold exploration upside in not one but two separate jurisdictions, and a nice lithium project on the side too
  • IronRidge Resources’ says ‘if we continue to hit impressive results, we’ll just keep on expanding’

Quick facts: IronRidge Resources Ltd


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IronRidge Resources is an African focused, diversified minerals exploration company that creates shareholder value through the discovery, development and monetisation of mineral projects through African operational, exploration and studies expertise, large-scale contiguous tenure positions and an emphasis on geological and/or jurisdictional frontier provinces.

The company has recently made significant discoveries in the lithium and gold exploration sectors.

IronRidge’s corporate strategy is to create and sustain shareholder value through the discovery of world-class and globally demanded commodities.

01 Jun 2021

() said it plans to demerge its gold assets in Cote d’Ivoire and Chad into a separate gold-focused listed company and hopes that this restructuring will unlock further value in its Cape Coast lithium portfolio.

Following a strategic portfolio review, the board of IronRidge concluded that the Cape Coast lithium portfolio was “materially undervalued” in the company’s current structure and required a distinct, separate focus to release its true value and that the creation of a new gold-focused company, in a robust gold market, was the best way to realise further value for shareholders.

“The proposed demerger is part of the growth strategy for IronRidge, and today’s news represents a truly unique opportunity for shareholders to benefit from upside in two distinct and diversified companies at an opportune time for gold and lithium, respectively,” said chief executive Vincent Mascolo.

“The board expects that today’s vision can unlock significant shareholder value, help mitigate commodity risk as well as enable the board to operate with greater efficacies and focus to capitalise on two highly compelling commodity markets,” he added.

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25 May 2021

() has hit additional broad and high-grade lithium pegmatite drill intersections at new targets adjacent to the Ewoyaa lithium project in Ghana.

At Ewoyaa IronRidge has already defined a resource 14.5mln tonnes grading 1.31% lithium oxide (Li2O) in the inferred and indicated category, including 4.5mln tonnes at 1.39% Li2O in the indicated category.

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27 Apr 2021

IronRidge Resources Limited () said it raised GBP12mln in an oversubscribed fundraising to help bankroll the development of its lithium and gold projects in the African nations of Ghana, Cote d’Ivoire and Chad.

The company raised the funds through the subscription and placing of 60mln new shares at a price of 20p each, a 6.3% discount to its closing price on Monday.

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12 Oct 2020

“We’ve had three discoveries in three years in three jurisdictions,” says Vincent Mascolo, the chief executive of ().

It’s not a bad track record, especially as the commodities in question, gold and lithium, are two of the most sought after by investors today.

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21 Apr 2021

IronRidge Resources Limited’s () Vincent Mascolo talks to Proactive London’s Katie Pilbeam about increasing the scale of their ongoing phase four drilling programme at the Ewoyaa Lithium Project, located in Ghana, following positive initial results.

Mascolo says ‘if we continue to hit more impressive results, we’ll just keep on expanding and drilling’.

The latest results have encouraged the company to increase the size of this phase four drilling programme by 32% to 16,600 metres (m) from 12,500 m, previously.

23 Jun 2021

() has announced its intention to demerge its gold assets located in both the Cote d’Ivoire and Chad into a new gold focused entity, which we have labelled NewGoldCo.

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IronRidge Resources: ‘Shareholders to benefit from any uplift in value’…

Proactive Mining analyst Ryan Long presents his latest research on IronRidge Resources Ltd (LON:IRR). The firm has recently announced its intention to demerge its gold assets located in both the Cote d’Ivoire and Chad into a new gold focused entity, which we have labelled NewGoldCo.


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