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IronRidge's Mascolo excited about new lithium deposit's potential in Ghana

Vincent Mascolo, chief executive at IronRidge Resources (LON:IRR) talks to Proactive Investors about the acquisition of a lithium deposit in Ghana.

"The potential of the deposit starts at a 1.5Mt resource at 1.6% lithium, with lots of blue sky upside potential," he says. "We stumbled across this about 4-5 months ago and it was just too good to let pass," he adds.

In term of the company's overall strategy, Mascolo says that the company is still looking at iron ore, but also other minerals such as lithium and gold to snap opportunities.

Quick facts: IronRidge Resources Ltd

Price: 14 GBX

Market: AIM
Market Cap: £58.11 m

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IronRidge Resources reports three significant discoveries in past three years

Proactive's mining analyst Ryan Long updates investors on IronRidge Resources' (LON:IRR) significant discoveries in the past three years. It is an AIM-listed exploration company, which has a portfolio of gold and lithium projects across Africa. Long points out the 'very good technical...

on 23/9/20

2 min read