Atex Lithium

Ricca Resources has noted the announcement made by Firering Strategic Minerals regarding the successful completion of the large-scale Phase II soil sampling programme at the Atex lithium-tantalum project in Côte d’Ivoire.

Through its agreement with Firering Ricca is earning-in up to 50% of Atex and the adjacent alliance exploration licence by funding the project towards production.

Stuart Crow, Non-Executive Chairman of Ricca Resources, commented:

"Early results from the extensive soil sampling programme conducted over the Atex licence, which commenced in January, have been highly encouraging.

"Over 14,000 samples were sent to Ghana for pXRF and LIBS analysis and, from the initial batches received, several pegmatite anomalies have been defined and new target areas have been identified for follow-on auger drilling.

"The auger drilling programme will commence upon completion of final soil analysis and mapping, expected in the coming weeks.

"We are also pleased to note that Coremet's high-level analysis of the coltan has indicated a positive response to magnetic separation and gravity concentration, justifying an initial flow sheet for a gravity plant to evaluate recovery.

"We look forward to receiving the remaining results from the soil sampling programme and providing further updates on our progress in due course."