Piedmont Lithium said its partner Atlantic Lithium has completed infill and exploration drilling for the latter’s flagship Ewoyaa project in Ghana.
“The assay results confirm high-grade mineralization, providing further confidence in resource conversion and possible mine life extension,” said the lithium resources developer.
Piedmont is earning a 50% interest in Atlantic Lithium’s spodumene projects in Ghana. The 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.
“We are working closely with our partners at Atlantic Lithium to publish a definitive feasibility study for the Ewoyaa project in the first half of 2023, and these final drill results are expected to lead to an extended mine life and even stronger economics for this world-class project,” said Piedmont President and CEO Keith Phillips.
Ewoyaa is set to be Ghana’s first lithium-producing mine and is funded to production under an agreement with Piedmont Lithium for $103 million.
Source: Piedmont Lithium