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Pin to quick picksAtlantic Lithium Regulatory News (ALL)

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Mining Licence Application Lodged for Ewoyaa

13 Oct 2022 07:00

RNS Number : 7354C
Atlantic Lithium Limited
13 October 2022
 

13 October 2022

Mining Licence Application Lodged for

Ewoyaa Lithium Project Ghana, West Africa

 

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTC: ALLIF, "Atlantic Lithium" or the "Company"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce the submission of the Mining Licence ("ML") application in respect to the extraction of minerals from the proposed Ewoyaa Lithium Mine ("Ewoyaa" or the "Mine") to the Minerals Commission of Ghana ("MinCom"), in West Africa.

HIGHLIGHTS:

Ø Atlantic Lithium's majority-owned Ghana company, Barari DV Ghana Ltd, and wholly-owned Ghana company, Green Metals Resources Ltd, have lodged initial documents in support of its ML application for the Ewoyaa Lithium Project.

 

Ø The application will now be assessed by the Ghanaian Government as soon as practicably possible as part of the approval process ahead of the grant of the ML.

 

Ø The application includes the submission of the Company's recent Pre-Feasibility Study (announced on 22 September 2022), which forms part of the necessary required documentation.

 

Ø This is a significant milestone for the Company as it moves the Ewoyaa Lithium Project from the discovery stage to the delivery of studies and the submission of a ML application, towards permitting.

 

Commenting on the Company's latest progress, Lennard Kolff, Interim Chief Executive Officer of Atlantic Lithium, said:

"We are pleased to have lodged our application for a Mining Licence at the Ewoyaa Lithium Project in Ghana, which has a compelling case for development at a time of unprecedented lithium demand.

"The application marks a significant milestone for the Company having completed extensive exploration and technical programmes, environmental and social studies, economic studies and the valuation of the Project.

"As evidenced by our work to date and highlighted by the recent Pre-Feasibility Study, we can demonstrate a fundamentally robust development case at Ewoyaa, which delivers extensive social and economic benefits to our local communities and the Republic of Ghana.

"We look forward to working closely with MinCom, the Ministry of Lands and Natural Resources, the EPA, local Government authorities, our host communities and other regulatory bodies towards the grant of the Ewoyaa ML.

"Our ongoing and planned activities now focus on further de-risking the development timelines of the Project, rapidly advancing a detailed design and construction phase and ultimately, moving into production whilst continuing to grow our exploration pipeline."

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

For any further information, please contact:

 

Atlantic Lithium Limited

Lennard Kolff (Interim CEO)

Amanda Harsas (Finance Director and Company Secretary)

www.atlanticlithium.com.au

Tel: +61 2 8072 0640

 

 

atlantic@yellowjerseypr.com

 

SP Angel Corporate Finance LLP

Nominated Adviser

Jeff Keating

Charlie Bouverat

 

Tel: +44 (0)20 3470 0470

 

Canaccord Genuity Limited

Joint Company Broker

Raj Khatri

James Asensio

Harry Rees

 

Tel: +44 (0) 20 7523 4500

 

 

Liberum Capital Limited

Joint Company Broker

Scott Mathieson

Edward Thomas

Kane Collings

 

Tel: +44 (0) 20 3100 2000 

 

 

SI Capital Limited

Joint Company Broker

Nick Emerson

Jon Levinson

 

Tel: +44 (0) 1483 413 500

Tel: +44 (0) 207 871 4038

 

Yellow Jersey PR Limited

Henry Wilkinson

Dominic Barretto

James Lingfield

 

Tel: +44 (0)20 3004 9512

Notes to Editors:

 

About Atlantic Lithium

www.atlanticlithium.com.au

 

Atlantic Lithium (formerly "IronRidge Resources") is an AIM and ASX-listed lithium exploration and development company advancing a portfolio of lithium projects and licences in Ghana and Côte d'Ivoire through to production.

 

The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana's first lithium-producing mine. The Company signed a funding agreement with Piedmont Lithium Inc. for US$103m towards the development of the Ewoyaa Project. Based on the Pre-Feasibility Study, the Ewoyaa Project has indicated Life of Mine revenues exceeding US$4.84bn, producing a spodumene concentrate via simple gravity only process flowsheet.

 

Atlantic Lithium holds a 560km2 & 774km2 tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licences.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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MSCFIFLVIILVLIF
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30th May 20247:00 amRNSField Work Underway at Senya Beraku Licence
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16th Apr 20247:00 amRNSInvestor Presentation - Paydirt Battery Minerals
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1st Feb 20248:20 amRNSInvestor Presentation - Investor Webinar
31st Jan 20247:00 amRNSQuarterly Activities and Cash Flow Report
29th Jan 20247:00 amRNSInvestor Webinar
25th Jan 20247:00 amRNSUpdate on Competitive Offtake Partnering Process
24th Jan 20247:00 amRNSCompletion of US$5m MIIF Subscription
23rd Jan 20247:00 amRNSTR-1 Notification of Major Holdings
2nd Jan 20247:00 amRNSCorporate Update - Director / PDMR Shareholding
29th Dec 20237:00 amRNSCorporate Update - Director / PDMR Shareholding
28th Dec 20237:00 amRNSGrant of PDMR Performance Rights
22nd Dec 20237:00 amRNSDirector / PDMR Dealings & Shareholding Update
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20th Dec 20237:00 amRNSBoard Changes
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30th Nov 202311:57 amRNSAmended Constitution
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28th Nov 20237:00 amRNS106m Continuous Pegmatite Interval Reported
23rd Nov 20239:39 amRNSUpdated Quarterly Activities and Cash Flow Report
22nd Nov 20237:00 amRNSProject Development Update
16th Nov 20237:00 amRNSInvestor Presentation - Noosa Mining Conference
15th Nov 20237:00 amRNSRejection of Non-Binding Indicative Offers
14th Nov 20237:00 amRNSGrant of Highly Prospective Licences for Lithium
10th Nov 20237:00 amRNSConference Attendance
7th Nov 20237:00 amRNSAdditional Resource Extension Drilling Planned
1st Nov 20237:00 amRNSChange of Registered Office
31st Oct 20237:05 amRNSNotice of AGM
31st Oct 20237:00 amRNSQuarterly Activities and Cash Flow Report
20th Oct 20237:00 amRNSMining Lease Granted for Ewoyaa Lithium Project
19th Oct 202311:35 amRNSStatement re Media Speculation

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