Officials from Atlantic Lithium Limited, the African-focused lithium exploration and development company on Wednesday (22 November) paid a working visit to the Ghana Chamber of Mines secretariat in Accra .
The delegation led by its country manager Razak Shaibu Ballah held discussions with the CEO of the Chamber Sulemanu Koney and his officials on a myriad of issues.
Atlantic Lithium Limited recently announced it has added 8,000 metres (m) or 43% more to a drilling programme at its Ewoyaa lithium project in the Central Region to expand the resource.
The additional drilling will take the programme underway currently to 26,500m, said Atlantic, with completion scheduled for the second quarter of 2024.
The Australia-based Atlantic Lithium on Thursday (19 October) secured a 15- year mining lease from the government of Ghana after meeting all the necessary requirements.
About Ewoyaa project
The Company’s flagship project, the Ewoyaa Lithium Project, set to be Ghana’s first lithium-producing mine, is being advanced to production under an agreement with Piedmont Lithium.
The project is well located to excellent infrastructure and is proven to produce a spodumene concentrate product suitable for conversion to be used in EV batteries.
In June 2023, the company announced its Definitive Feasibility Study (“DFS”) for the Ewoyaa Project, confirming the Project’s economic viability and profitability potential for the production of 3.6Mt spodumene concentrate over a 12-year Life of Mine (“LOM”).
The DFS incorporates the Project’s 35.3Mt @ 1.25 Li₂O Mineral Resource Estimate and Ore Reserves of 25.6Mt @ 1.22% Li₂O and considers conservative LOM concentrate pricing of US$1,587/t, FOB Ghana Port.
In October 2023, Atlantic Lithium was granted a Mining Lease for the Project, representing a major landmark for Ghana and the Company and paving the way for Ewoyaa to become one of the next major spodumene concentrate producers.
Reporting by Fred Dzakpata in Accra
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