Atlantic Lithium, a partner of Piedmont Lithium, has completed a prefeasibility study for its flagship Ewoyaa project located in the Cape Coast region of Ghana. The project will be a primary source of spodumene concentrate for Piedmont’s Tennessee Lithium operations in the United States.
Atlantic Lithium said the study demonstrated a production target of approximately 255,000 tons/year of 6% lithium spodumene concentrate over a 12.5-year mine life from Ore Reserves of 18.9 million tons at 1.24% Li2O.
With the completion of the study, Ewoyaa will now advance to the next stage of studies and permitting. Exploration and infill drilling continue as Atlantic Lithium works to submit a mining license application and scoping level environmental and social impact assessment report to the Ghanaian government.
Atlantic Lithium said it is working toward a targeted first production in the third quarter of 2024, subject to receipt of a mining license within the third quarter of 2023 and the project meeting all other statutory requirements.
Piedmont is earning a 50% interest in Atlantic Lithium’s spodumene projects in Ghana. This agreement includes an offtake agreement for 50% of annual production at market prices on a life-of-mine basis. Piedmont also owns a 9.4% equity interest in Atlantic Lithium.
The Ewoyaa project, which is located near the deep-water port of Takoradi, is a significant lithium spodumene pegmatite discovery on track to become West Africa’s first lithium producing mine.
Source: Piedmont Lithium