Last checked at 
Atlantic Lithium Ltd - Africa-focused lithium exploration and development company - Completes pre-feasibility study on the Ewoyaa Lithium Project in Ghana, adding that the study demonstrates "significant profitability potential" for the project. The project has a maiden ore reserve of 18.9 million tonnes at 1.24% lithium oxide and a mine life of 12.5 years. Life of mine revenue is expected to exceed USD4.8 billion. Company also completes a 47,000 metre resource infill and extensional reverse circulation and diamond core drilling programme. Highest grade assay result from the drilling is 6.78% lithium oxide over a 1 metre interval in drilling at the Ewoyaa main starter pit. Mineral resource estimate upgrades to 35.3 million tonnes at 1.25% lithium oxide.
Chair Neil Hebert says: "Atlantic Lithium is fully focused on advancing its flagship project, the Ewoyaa Lithium Project, to production as Ghana's first lithium mine. The second half of the year saw significant progress made in the pursuit of this aim. We were delighted to report the Pre-Feasibility Study for the Project in September 2022, further showcasing Ewoyaa as an industry-leading lithium asset."
Current stock price: 25.50 pence
12-month change: down 28%
By Heather Rydings, Alliance News senior economics reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2022 Alliance News Ltd. All Rights Reserved.
