Exploring the Lithium Potential in Ghana: Atlantic Lithium Receives Environmental Permit
Africa-focused explorer Atlantic Lithium (ASX: A11) has achieved a significant milestone by securing an environmental permit from Ghana’s Environmental Protection Agency (EPA) for its flagship Ewoyaa lithium project in Ghana, West Africa.
In a recent press release, Atlantic Lithium announced that the EPA permit allows the project to proceed with its proposed activities outlined in the company’s mine and process environment impact statement (EIS). The project is in partnership with Piedmont Lithium (ASX: PLL, NASDAQ: PLL) and is on track for production.
Neil Herbert, executive chairman of Atlantic Lithium, expressed his excitement about the EPA permit, stating, “The grant of the EPA permit marks a major step towards the construction of Ghana’s first lithium mine.” He highlighted the collaborative engagement process with the EPA and local communities to ensure alignment with the proposed activities at Ewoyaa.
The project has received strong local support, with public hearings in February and June drawing significant attendance and addressing the concerns of the project’s affected communities. Atlantic Lithium emphasized the importance of the land it operates on for the project’s long-term success. The Ewoyaa project is set to produce spodumene concentrate suitable for conversion into EV batteries and aims to become one of the world’s largest spodumene concentrate producers.
With an estimated production of 3.6 million tonnes of spodumene concentrate over a 12-year mine life, Ewoyaa has the potential to significantly impact the global lithium market. The project’s resource estimate indicates total resources of 36.8 million tonnes at 1.24 percent lithium oxide.
Atlantic Lithium obtained a mining lease for the project in October 2023, granting exclusive rights for mining and commercial production activities over the Mining Lease area for an initial 15-year period, renewable per Ghanaian legislation.
As the project progresses towards construction, Atlantic Lithium looks forward to providing further updates and reaching shovel-readiness in the near future. For real-time news updates, follow @INN_Australia.
[Securities Disclosure: The author, Gabrielle de la Cruz, has no direct investment interest in any companies mentioned in this article.]
[Editorial Disclosure: Atlantic Lithium is a client of the Investing News Network. This article is not paid-for content.]