REG - Atlantic Lithium Ltd - Grant of Ewoyaa Lithium Mining Project EPA Permit

Atlantic LithiumAnnouncement

12/09/2024 07:00

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RNS Number : 9227D  Atlantic Lithium Limited  12 September 2024

 

 

12 September 2024

Ewoyaa Lithium Project Granted EPA Permit

Atlantic Lithium receives key environmental approval in the permitting process for its Ewoyaa Lithium Project

Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, OTCQX: ALLIF,
"Atlantic Lithium" or the "Company"), the African-focused lithium exploration
and development company targeting to deliver Ghana's first lithium mine, is
pleased to announce that Ghana's Environmental Protection Agency ("EPA") has
granted an environmental permit ("EPA permit") in respect of the Company's
flagship Ewoyaa Lithium Project (the "Project").

The grant of the EPA permit serves as the EPA's approval for the Company's
proposed activities at the Project, as detailed in the Company's Mine and
Process Environment Impact Statement ("EIS"), and, therefore, represents an
important landmark in the permitting process for the advancement of the
Project.

The final EIS submission incorporated feedback from the EPA, both with regards
to the draft EIS (submitted in May 2024) and queries raised by members of the
Project's affected communities in the two public hearings held by the EPA in
two of the Project's local affected communities (Ewoyaa and Krofu) in February
and June 2024, respectively. Both public hearings were well-attended and
highlighted the exceptionally strong local support for the Project.

Neil Herbert, Atlantic Lithium's Executive Chairman, commented:

"The grant of the EPA permit marks a major step towards the construction of
Ghana's first lithium mine and follows a collaborative engagement process with
the EPA and the residents of Project's catchment area to ensure their
alignment with the Company's proposed activities at Ewoyaa.

"This approval is a testament to Atlantic Lithium's commitment to acting as a
responsible custodian of the land on which we operate, which we consider to be
imperative to the long-term success of the Project. We are delighted to have
full backing from the EPA and our local stakeholders. We would like to express
our gratitude to the EPA for their direction throughout the permitting
process, which has enabled the advancement of the Project at pace.

"We look forward to updating the market on the completion of the remaining
steps ahead of us, which will see Ewoyaa achieve shovel-readiness."

 

For any further information, please contact:
Atlantic Lithium Limited

Neil Herbert (Executive Chairman)

Amanda Harsas (Finance Director and Company Secretary)

                   www.atlanticlithium.com.au
                   IR@atlanticlithium.com.au
                   Tel: +61 2 8072 0640
 SP Angel Corporate Finance LLP      Yellow Jersey PR Limited                                           Canaccord Genuity Limited

 Nominated Adviser                   Charles Goodwin                                                    Financial Adviser:

 Jeff Keating                        Bessie Elliot                                                      Raj Khatri (UK) /

                                   atlantic@yellowjerseypr.com (mailto:atlantic@yellowjerseypr.com)

 Charlie Bouverat
                                                                  Duncan St John, Christian Calabrese (Australia)

                                   Tel: +44 (0)20 3004 9512

 Tel: +44 (0)20 3470 0470

                                                                                                        Corporate Broking:

                                                                                                        James Asensio

                                                                                                        Tel: +44 (0) 20 7523 4500

Notes to Editors:

 

About Atlantic Lithium

www.atlanticlithium.com.au (http://www.atlanticlithium.com.au/)

Atlantic Lithium is an AIM, ASX, GSE and OTCQX-listed lithium company
advancing its flagship project, the Ewoyaa Lithium Project, a significant
lithium spodumene pegmatite discovery in Ghana, through to production to
become the country's first lithium-producing mine.

The Definitive Feasibility Study for the Project indicates the production of
3.6Mt of spodumene concentrate over a 12-year mine life, making it one of the
largest spodumene concentrate mines in the world.

The Project, which was awarded a Mining Lease in October 2023, is being
developed under an earn-in agreement with Piedmont Lithium Inc.

Atlantic Lithium holds a portfolio of lithium projects within 509km(2) and
771km(2) of granted and under-application tenure across Ghana and Côte
d'Ivoire respectively, which, in addition to the Project, comprises
significantly under-explored, highly prospective licences.

 

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