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Atlantic Lithium’s Ewoyaa in Ghana is WhyAfrica’s Pick Of The Week

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Dual listed Atlantic Lithium remains on track to break ground at the Ewoyaa project later this year. Image credit: Atlantic Lithium

Atlantic Lithium’s Ewoyaa in Ghana is WhyAfrica’s Pick Of The Week

Atlantic Lithium’s low-cost Ewoyaa project in Ghana holds great value.

Dual listed Atlantic Lithium remains on track to break ground at the Ewoyaa project later this year.

Last month the government of Ghana granted the company a Mining Lease for Ewoyaa and so demonstrated its support for the advancement of the project towards production as the country’s first lithium mine.

Further milestones to achieve before the company can start construction at Ewoyaa incudes EPA approval, parliamentary ratification of the Mining Lease and granting of the mine operating permit.

The company will deliver Ghana’s first lithium mine, and recently announced the completion of Stage 1 of the company’s competitive offtake partnering process to secure funding for a portion of the remaining 50% available feedstock from Ewoyaa.

According to Neil Herbert, Executive Chairman of Atlantic Lithium, Ewoyaa is one of the very few near-term spodumene producers with available offtake yet to be committed. “The ongoing partnering process that we are running with Macquarie has highlighted the significant interest in Ewoyaa’s feedstock, despite the backdrop of weakened lithium prices.”

Prior to the commencement of the offtake partnering process, Herbert says that Atlantic Lithium received strong interest from a number of parties across the battery minerals space, including Original Equipment Manufacturers (OEMSs), battery gigafactories, traders, and chemical processors.

Ewoyaa is set to be Ghana’s first lithium-producing mine and 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.

Ongoing drilling programme

The company has achieved excellent results from its ongoing drilling programme at Ewoyaa as well.

The final assay results from drilling completed in 2023 delivered impressive intersections, providing further confidence in the growth potential of the current 35.3Mt at 1.25% Li2O Resource at Ewoyaa.

“These results are from the new mineralised area at the Dog-Leg target, located on the northern tip of the Ewoyaa main deposit where drilling has returned multiple high-grade and broad near surface extensional intersections, including 69m at 1.25% Li2O from 45m. This follows the intersection of 83m at 1% Li2O from 36m in hole at Dog-Leg previously.

“On the back of the encouraging results delivered from drilling completed in 2023 at Dog-Leg, we are excited to have recently completed a further 874m of resource extension drilling at the target as part of our resource growth programme for 2024,” says Herbert.

Atlantic Lithium’s Ewoyaa in Ghana is WhyAfrica’s Pick Of The Week

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Atlantic Lithium’s Ewoyaa in Ghana is WhyAfrica’s Pick Of The Week

 

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