Business
MOU Signed for By-product Feldspar Study
MOU Signed for By-product Feldspar Study.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n\n\n15 August 2023\nMOU Signed for By-product Feldspar Study\nMemorandum of Understanding signed with the University of Mines and Technology, Ghana\nto assess the viability of feldspar production at Ewoyaa\nAtlantic Lithium Limited (AIM: ALL, ASX: A11, 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 it has signed a Memorandum of Understanding (\"MOU\") with The University of Mines and Technology (\"UMaT\"), Tarkwa in the Western Region of Ghana to undertake a Definitive Feasibility Study (\"Feldspar Study\") to assess the viability of producing feldspar feedstock as by-product of spodumene concentrate production at the Company's Ewoyaa Lithium Project (\"Ewoyaa\" or the \"Project\") in Ghana.\nThe partnership will assess the prospective market conditions and commercial, technical and financial viability of the production of feldspar, quartz (silica) and muscovite, by-products of the proposed Ewoyaa Lithium Plant. The study will focus on feldspar, as an opportunity for Atlantic Lithium to supply into the domestic market to support Ghana's ceramics sector.\nUMaT is a leading university in Ghana and Africa, producing world-class professionals in the fields of mining, petroleum, technology and related disciplines.\nThe Feldspar Study, to be undertaken by UMaT, is intended to determine:\n· The market for weathered (Kaolin) and fresh feldspar in Ghana and its surrounding nations;\n· The technical feasibility of processing feldspar in Ghana;\n· A comprehensive financial model to indicate potential costs and revenues;\n· A risk analysis and the identification of risk mitigation measures.\nThe outcomes of the Feldspar Study are expected to form a recommendation on the viability of the production of feldspar from the Company's Ewoyaa Lithium Plant and a high-level implementation schedule for the work.\nThe Company has commenced sodium analysis of archive drilling sample pulps stored at the Project site, focused on the first four to five years of the planned mining schedule over the Ewoyaa Main, Ewoyaa South-2 and Ewoyaa North-East deposits. The sodium analysis will complement the existing multi-element analyte suite and...