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IronRidge shares rocket 36% on Ghana lithium study

Shares in IronRidge Resources jumped 36% on Tuesday in response to a scoping study for the company’s Ewoyaa lithium project in Ghana, which showed a post tax NPV of US$345 million and an IRR of 125% against an initial capex of $68 million.

 IronRidge shares rocket 36% on Ghana lithium study  IronRidge shares rocket 36% on Ghana lithium study  IronRidge shares rocket 36% on Ghana lithium study  IronRidge shares rocket 36% on Ghana lithium study  IronRidge shares rocket 36% on Ghana lithium study

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

The study shows output of 295,000 tonnes per year of spodumene concentrate from 2Mtpa of ore over an initial 8-year mine life.