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IronRidge Resources is an AIM-listed, Africa focussed minerals exploration company with a lithium pegmatite discovery in Ghana, extensive grassroots gold portfolio in Côte d Ivoire and a potential new gold province discovery in Chad. The Company holds legacy iron ore assets in Gabon and a bauxite resource in Australia. IronRidge s strategy is to create and sustain shareholder value through the discovery and development of significant and globally demanded commodities. Côte d Ivoire The Company entered into conditional earn-in arrangements in Côte d Ivoire, West Africa; securing access rights to highly prospective gold mineralised structures and pegmatite occurrences covering a combined 3,584km
Vincent Mascolo, Chief Executive Officer of IronRidge, said: We are delighted by the interest shown in IronRidge by the international equity capital markets and I would like to thank shareholders for their participation in this oversubscribed fundraise.
Today s news demonstrates, yet again, belief and confidence in the Board s strategy to advance further the Company s gold and lithium portfolio, with a strong focus on the Ewoyaa Lithium Project in
Ghana, which we consider to be an industry-leading asset, and the Zaranou Gold Project in Côte d Ivoire. The
£12m raised puts IronRidge in a strong financial position to capitalise upon the opportunities that it has created itself, particularly as the Company assesses its options to fast track Ewoyaa to production.