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Atlantic Lithium Limited, the fully-funded, African- focussed lithium exploration and development company, has announced a significant mineral resource estimate to 30.1Mt at 1.26% Li2O for the Ewoyaa lithium deposit within the Cape Coast Lithium Portfolio in Ghana
Lennard Kolff, interim chief executive officer of Atlantic Lithium, commented, "We are delighted to have increased the Ewoyaa resource by a further 42% to 30.1Mt at 1.26% Li2O and will continue to grow this robust project with ongoing drilling programmes. Our goal was to increase the resource to support a >12-year mine life and to convert >80% of the previous resource from inferred to indicated status. We have comfortably achieved both goals, demonstrating the robust geological fundamentals of the Project.
Kolff added that with the commencement of additional resource and exploration drilling along strike at depth, the company is confident of further resource upgrades in the future.
"Due to the coarse nature of the spodumene dominant mineralisation, metallurgical test-work to date has consistently delivered high-purity, low contaminants >6% Li2O spodumene concentrate utilising dense medium gravity separation, boding well for low capital, operating and carbon intensities,” Kolff said.
The resource is well located, as it is only 1 km from the sealed national highway and 110 km from the operating deep-sea port of Takoradi with adjacent grid power.
Kolff concluded, “With Ewoyaa being fully funded to production through our agreement with Piedmont Lithium, this upgrade highlights the exceptional potential of the project and the value that it brings to the company."