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IronRidge's deal with Enchi now unconditional; 2 lithium access rights secured

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IronRidge's deal with Enchi now unconditional; 2 lithium access rights secured

IronRidge Resources Ltd. said June 9 that the previously announced staged earn-in deal with Enchi ProCL SARL to acquire the Adzope license application in Ivory Coast is now unconditional.

The company said Enchi satisfied all the agreement terms to successfully ratify the partnership, which involved a technical due diligence program of 54 rock chip samples completed across the project area.

IronRidge also secured access rights to two of its lithium pegmatite applications, expanding its prospective lithium portfolio to a total of 1,177 square kilometers in the Ivory Coast.

Both IronRidge and Enchi will now lobby the country's Ministry of Mines to accelerate the conversion of the application areas to mineral exploration licenses prior to the commencement of field programs.