PriceSensitive

Atlantic Lithium secures rights to divert transmission lines at Ewoyaa project, Ghana

ASX News, Materials
ASX:A11      MCAP $151.5M
10 October 2023 16:20 (AEDT)

Ewoyaa. Source: Atlantic Lithium.

Atlantic Lithium (ASX:A11) has received authorisation from Ghana’s Environmental Protection Agency (EPA) to relocate transmission lines that cross planned mining areas at the Ewoyaa lithium project.

This African-focused lithium explorer and developer is working towards establishing Ghana’s first lithium mine.

According to the Ewoyaa definitive feasibility study (DFS), announced on June 29, 2023, the company had requested the relocation of the transmission lines to the Northern boundary.

This strategic decision aims to enable the company to kickstart early spodumene concentrate production through a modular dense media separation (DMS) processing unit. The EPA has granted an extension for the transmission line diversion until March 24, 2025.

“At Ewoyaa, we consider ourselves exceptionally fortunate to be able to leverage Ghana’s impressive existing infrastructure and the considerable expertise from over a century of mining activity in the country,” A11 CEO Keith Muller said.

“We believe these elements play a major role in positioning the project as one of the leading hard rock spodumene assets globally.”

This authorisation allows the Ghana Grid Company (GRIDCo), which owns the National Interconnected Transmission System in Ghana, to oversee the relocation of the lines on behalf of Atlantic Lithium.

The company is currently awaiting ministerial approval for the mining lease update for the Mankessim license, a necessary step before the project can proceed to construction.

Atlantic remains optimistic about the progress made and anticipates the mining lease to be granted in the near future.

A11 last traded at 47 cents.

Related News