Key achievements through the fiscal yr included securing a 15-year mining allow for Ewoyaa, which is now ready to be ratified by the nation’s parliament. Atlantic Lithium has additionally accomplished important allowing levels because the finish of June, together with the current obtention of the environmental licence for the lithium mission.
It additionally concluded a flotation research that confirmed the viability of a downstream flotation circuit on the website, which may add additional worth to the operation, in line with Atlantic Lithium.
Government chairman Neil Herbert hailed the “important progress” made previously yr as the corporate transitions to a mine developer and operator.
He mentioned that securing the mining lease was a “main de-risking milestone” for advancing the mission, which he describes as a landmark achievement for each the corporate and nation.
The chief added that the corporate has fulfilled the important thing phrases of the lease and now expects the ratification from Ghana’s parliament.
“We now discover ourselves inside touching distance of reaching full allowing and shovel readiness at Ewoyaa,” Herbert mentioned.
Half of the lithium produced at Ewoyaa shall be despatched to a Piedmont refinery. Piedmont is the Australian agency’s second-largest shareholder with a 22.5% stake in its tasks in Ghana, together with Ewoyaa, and has an choice to earn 50%.
Atlantic Lithium goals to supply a complete of three.6 million tonnes of spodumene focus, or 350,000 tonnes yearly, over 12 years from the location. That might make it the world’s Tenth-biggest lithium mission, in line with the corporate.