Ricca Resources is an Africa-focused mineral exploration company specializing in the discovery and development of gold and lithium resources. Established through a demerger from Atlantic Lithium Limited, the company operates across multiple African nations, including Côte d’Ivoire, Chad, and Liberia. With a strategic focus on both precious metals and battery materials, Ricca Resources manages a substantial portfolio of exploration projects spanning over 4,400 square kilometers.
The company’s expertise lies in identifying and developing mineral deposits in underexplored regions with significant potential. Ricca Resources is preparing for its Australian Securities Exchange (ASX) listing, anticipated in the second half of 2023, to support its growth strategy and project advancement initiatives.
Battery Technology
Ricca Resources contributes to the battery supply chain through its lithium exploration activities, particularly in Côte d’Ivoire. The company’s flagship Atex Lithium-Tantalum Project encompasses 135 square kilometers of prospective terrain, featuring confirmed pegmatite-hosted lithium mineralization. This project represents Côte d’Ivoire’s first lithium venture, positioning Ricca Resources as an early mover in the region’s battery minerals sector.
Through an earn-in agreement, Ricca Resources can acquire up to 50% interest in both the Atex Project and the adjacent 365-square-kilometer Alliance exploration license. The company employs advanced exploration techniques to identify and assess lithium deposits, supporting the growing demand for battery materials in the electric vehicle industry.
The company’s exploration strategy includes systematic geological mapping, geochemical sampling, and targeted drilling programs to define and expand lithium resources. This methodical approach aims to establish viable lithium reserves that can supply the expanding battery manufacturing sector.
Recent Projects
Since early 2024, Ricca Resources has advanced several exploration initiatives across its project portfolio. In Chad, the company implemented a 7,500-meter drilling program at its gold exploration sites. The Liberian operations concluded a 2,790-meter drilling campaign, strengthening the company’s understanding of local gold deposits.
In Côte d’Ivoire, Ricca Resources continues to progress both its gold and lithium projects, with ongoing exploration activities across its 3,120-square-kilometer portfolio. These efforts include systematic sampling, geological mapping, and target generation work.
Investors
The available information about Ricca Resources’ investors is limited. The company originated from a demerger with Atlantic Lithium Limited, which provided initial capital of A$7 million. Additionally, Ricca Resources raised A$7.2 million through a rights issue to existing shareholders.
The company maintains strategic partnerships, including an agreement with Firering Strategic Minerals plc for the Atex Lithium-Tantalum Project, though specific investment details remain private.
Business Details
Location: Sydney, Australia
Website: https://riccaresources.com.au
LinkedIn: https://www.linkedin.com/company/77047075
