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Atlantic Lithium a step closer to shovel readiness at the Ewoyaa Lithium Project

Atlantic Lithium Limited, the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to advise that Ghana’s Environmental Protection Agency has granted authorisation to divert two transmission lines that run across planned mining areas within the Mankessim prospecting licence, which holds the Company’s Ewoyaa Lithium Project.

The planned diversion of the transmission lines, which currently traverse the proposed Project site, forms part of the Project’s mine plan and represents an important step as the Company advances Ewoyaa towards shovel readiness.

As outlined in the Ewoyaa Definitive Feasibility Study (refer announcement of 29 June 2023), the Company requested that the transmission lines be diverted to the northern border of the licence to enable the Company to commence early works at the Project, including early spodumene concentrate production through a Modular Dense Media Separation processing unit.

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EPA approval has been granted up to 24 March 2025, enabling Ghana Grid Company Ltd., which owns the National Interconnected Transmission System in Ghana, to carry out the diversion of the lines on behalf of the Company.

Mining Lease Update

Atlantic Lithium is currently awaiting ministerial grant of the Mining Lease in respect of the Mankessim licence, required to advance the Project towards construction.

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The Company had a meeting on Thursday, 5 October 2023 in Accra with Hon. Samuel A. Jinapor, Ghana’s Minister of Lands and Natural Resources, and representatives of the Minerals Commission, the Minerals Income Investment Fund and the Ghana Stock Exchange regarding the finalisation of the Mining Lease for the Project. The Company is pleased with the progress of its application and expects the Mining Lease to be granted shortly.

Keith Muller, Chief Executive Officer of Atlantic Lithium, said

“The diversion of the transmission lines that traverse the proposed Project site forms an important part of the mine plan and the Company’s preparations towards shovel readiness at Ewoyaa. I would like to take the opportunity to thank GRIDCo for undertaking this work on behalf of the Company and the Environmental Protection Agency for its timely approval, ensuring we maintain our strong momentum as we advance the Project towards construction.

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

“We look forward to updating the market on further progress in due course.”

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The African Mining Market is a source of insightful information on mining & industrial markets, and developments in Africa.
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