Africa-focused explorer Atlantic Lithium( ASX:A11) has acquired an environmental allow from Ghana’s Environmental Safety Company (EPA) for its flagship Ewoyaa lithium mission in Ghana, West Africa.
In a press launch, Atlantic mentioned the allow permits the mission to proceed with its proposed actions, as detailed within the firm’s mine and course of surroundings influence assertion (EIS).
The mission is at present being superior to manufacturing beneath an settlement with Piedmont Lithium (ASX:PLL,NASDAQ:PLL).
“The grant of the EPA allow marks a serious step in direction of the development of Ghana’s first lithium mine and follows a collaborative engagement course of with the EPA and the residents of (the) mission’s catchment space to make sure their alignment with the Firm’s proposed actions at Ewoyaa,” mentioned Neil Herbert, government chairman of Atlantic Lithium.
Robust native help has additionally been proven for Ewoyaa, with each public hearings in February and June being properly attended and answering queries of the mission’s affected communities.
The corporate mentioned the land it operates is “crucial to the long-term success of the mission,” which is confirmed to provide a spodumene focus product appropriate that may be transformed to be used in EV batteries.
Ewoyaa can also be anticipated to change into one of many high largest spodumene focus producers on the planet, based on Atlantic Lithium, with manufacturing of three.6 million tonnes of spodumene focus over a 12 12 months mine life.
A July 2024 useful resource estimate for Ewoyaa outlines whole sources of 36.8 million tonnes at 1.24 % lithium oxide.
Atlantic was granted a mining lease for the mission in October 2023. Below this, the corporate was additionally granted unique rights to hold out mining and industrial manufacturing actions over the Mining Lease space for an preliminary 15-year interval, renewable following Ghanaian laws.
“We look ahead to updating the market on the completion of the remaining steps forward of us, which can see Ewoyaa obtain shovel-readiness.”
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Securities Disclosure: I, Gabrielle de la Cruz, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: Atlantic Lithium is a shopper of the Investing Information Community. This text will not be paid-for content material.
