- Piedmont Lithium’s (PLL) partner, Atlantic Lithium, announces a 42 per cent increase in the mineral resource estimate (MRE) at the Ewoyaa Project in Cape Coast, Ghana
- Atlantic recently completed a mineral resource estimate update for the project which now sits at 30.1 million metric tonnes at 1.26 per cent lithium oxide
- Piedmont has an earn-in right to a 50 per cent interest in Atlantic’s Ghanaian projects, which includes Ewoyaa
- Company shares are up 2.11 per cent and are trading at 97 cents per share
Piedmont Lithium’s (PLL) partner, Atlantic Lithium, has announced a 42 per cent increase in the mineral resource estimate (MRE) at the Ewoyaa Project in Cape Coast, Ghana.
Atlantic recently completed a mineral resource estimate update for the project which now sits at 30.1 million metric tonnes at 1.26 per cent lithium oxide.
Piedmont has an earn-in right to a 50 per cent interest in Atlantic’s Ghanaian projects, which includes Ewoyaa.
“We’re very pleased with the reported increase in mineral resources for the Ewoyaa project, notably the increase in mineral resources in the indicated category,” PLL’s Chief Operating Officer Patrick Brindle said.
“The Ewoyaa project is one of the best located spodumene projects in Africa, and its development is fundamental to our growth strategy as an important source of spodumene concentrate for the LHP-2 Project.”
Mr Brindle is looking forward to Atlantic completing the pre feasibility study at Ewoyaa, which will “both increase the level of engineering definition for the project as well as provide important data needed to advance regulatory approvals for the project”.
Piedmont shares were up 2.11 per cent and were trading at 97 cents per share at market close.