Business
Definitive Feasibility Study Project Update
Definitive Feasibility Study Project Update.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n \n 22 March 2023\n \n \n \n \n \n \n \n \n \n Definitive Feasibility Study Project Update\n \n \n \n \n Staged Project Development and Mine Throughput Optimisation\n \n \n \n \n Ewoyaa Lithium Project,\n \n \n Ghana\n \n \n \n \n \n \n \n \n Atlantic Lithium Limited\n (AIM: ALL,\n ASX: A11, OTCQX: ALLIF,\n \"Atlantic Lithium\" or the \"Company\"),\n the funded African-focussed lithium exploration and development company\n targeting to deliver Ghana's first lithium mine,\n is pleased\n to provide an update on the Definitive Feasibility Study (\"DFS\"), including a staged project development plan focussing on optimised process flowsheet and mine throughput scenarios, for the Ewoyaa Lithium Project (\"Ewoyaa\" or the \"Project) in Ghana.\n \n \n \n \n \n The following planned developments to the Project result from the Company's increased Mineral Resource Estimate1 (\"MRE\") to\n 35.3 Mt @ 1.25% Li2O, announced on 1 February 2023, and ongoing work to optimise the Project's processes.\n \n \n \n \n \n \n Figures, Tables and Appendixes referred to in this release can be viewed in the PDF version available via this link:\n \n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/8379T_1-2023-3-22.pdf\n \n \n \n \n \n \n \n \n HIGHLIGHTS:\n \n \n \n Ø\n \n Staged developments to increase metal recovery and improve plant efficiency:\n \n \n \n \n ·\n \n \n Stage 1 - DFS Project Development, comprising:\n \n \n \n o \n \n Crushing and screening to three size fractions (from 1-10mm) in order to improve cyclone performance.\n \n \n \n o \n \n Retain sales of natural occurring fines as a direct shipping ore (\"DSO\") by-product.\n \n \n \n o \n \n Model various mine throughput scenarios to optimise Project outcomes.\n \n \n \n \n ·\n \n \n Stage 2 - Scoping Studies, comprising of three separate value-adding streams:\n \n \n \n o \n \n Evaluation of early\n \n \n lithium spodumene concentrate (\"SC6\")\n \n \n production opportunities through the rapid deployment of Modular Dense Media Separation (\"DMS\") units to capitalise on the current SC6 price environment.\n \n \n \n o \n \n Later-stage beneficiation of natural occurring fines to SC6.\n \n \n \n o \n \n Production of feldspar by-product to reduce waste and to supply Ghana's growing ceramics industry.\n \n \n ...