RE: Granted. RnNS20 Oct 2023 07:05
Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the African-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce that Ghana's Ministry of Lands and Natural Resources has granted a Mining Lease in respect of the Company's flagship Ewoyaa Lithium Project ("Ewoyaa" or the "Project"), comprising the proposed Ewoyaa Lithium Mine and Processing Plant, enabling the advancement of the Project towards commercial production.
Highlights
- Mining Lease terms, secured in the interests of all stakeholders through close cooperation with the Government of Ghana, in line with establishing its new Green Minerals Policy, maintain the Project's position as one of the lowest capital and operating cost hard rock lithium projects globally and indicate strong commercial viability and exceptional profitability potential for a 2.7Mtpa steady state operation, producing a total of 3.6Mt of spodumene concentrate (approximately 350,000tpa) over a 12-year mine life1: