Africa-focused explorer Atlantic Lithium( ASX:A11) has acquired an environmental allow from Ghana’s Environmental Safety Company (EPA) for its flagship Ewoyaa lithium challenge in Ghana, West Africa.
In a press launch, Atlantic stated the allow permits the challenge to proceed with its proposed actions, as detailed within the firm’s mine and course of surroundings influence assertion (EIS).
The challenge is at the moment 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) challenge’s catchment space to make sure their alignment with the Firm’s proposed actions at Ewoyaa,” stated Neil Herbert, government chairman of Atlantic Lithium.
Sturdy native help has additionally been proven for Ewoyaa, with each public hearings in February and June being properly attended and answering queries of the challenge’s affected communities.
The corporate stated the land it operates is “crucial to the long-term success of the challenge,” which is confirmed to supply a spodumene focus product appropriate that may be transformed to be used in EV batteries.
Ewoyaa can be anticipated to grow to be one of many prime largest spodumene focus producers on the planet, in keeping with 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 complete assets of 36.8 million tonnes at 1.24 p.c lithium oxide.
Atlantic was granted a mining lease for the challenge in October 2023. Underneath 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 sit up for updating the market on the completion of the remaining steps forward of us, which is able to 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 consumer of the Investing Information Community. This text just isn’t paid-for content material.
