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Atlantic Lithium release quarterly report, highlights progress at Ewoyaa project

The board of Atlantic Lithium, the funded African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, has presented its quarterly activities report for the period ended 31 December 2022.

The firm highlighted the progress made in the quarter towards its stated goal of delivering Ghana’s first lithium mine and noted a cash position of A$19.1mln as of the end of December 2022. During the quarter, Atlantic Lithium successfully lodged the mining license application for the Ewoyaa lithium project, appointed a new COO, awarded the FEED contract to Primero Group, appointed a project manager and continued to focus on advancing studies with further drill results received and highest intersections to date in drilling at the project, located in Ghana, West Africa.

Progress

An infill diamond core and reverse circulation drilling program at Ewoyaa was completed, with assay results reported for some 26,423 metres of drilling, located outside of the project’s currently defined resource area, providing potential for a future resource upgrade. A front-end engineering design (FEED) contract was awarded for Ewoyaa with Primero Group hired for the key piece of work.

The project is proven to produce a premium Spodumene concentrate (SC6) product suitable for conversion to battery grade lithium carbonate and hydroxide. The site is easily accessed from Accra via the bitumen Accra-Cape Coast-Takoradi highway being 100 km from the Capital city Accra.

Meanwhile Keith Muller scooped the company’s new chief operating officer position while Roux Terblanche was appointed as Ewoyaa project manager.

 

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