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Primero awarded FEED Contract for Ewoyaa Lithium
Primero awarded FEED Contract for Ewoyaa Lithium.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 13 December 2022\n \n \n \n \n \n \n \n \n \n Development Update\n \n \n \n \n Award of Processing Plant FEED Contract to Primero\n \n \n \n \n Appointment of Highly-experienced Project Manager\n \n \n \n \n Ewoyaa Lithium Project\n \n \n Ghana, West Africa\n \n \n \n \n \n \n Atlantic Lithium Limited (AIM: ALL, OTC: ALLIF, ASX: A11 \"Atlantic Lithium\" or the \"Company\"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine,\n is pleased to announce the award of the processing plant Front-End Engineering Design (\"FEED\") contract (the \"Contract\") for the Ewoyaa Lithium Project (\"Ewoyaa\" or the \"Project\") in Ghana, West Africa to Primero Group (\"Primero\"), an industry-leading vertically-integrated engineering group.\n \n \n \n \n \n Under the terms of the agreement, Primero will provide services to optimise the Project's flow sheet, identify long lead items, look to maximise the Project's long-term profitability, reduce execution risk and ultimately support the advancement of the Project towards becoming a financially and operationally robust lithium-producing mine. The value of the Contract is US$980,000; the consideration of which is to be paid in accordance with the 3-stage earn-in agreement the Company has with Piedmont Lithium Inc. (NASDAQ: PLL; ASX: PLL) to fund the Project towards production.\n \n \n \n \n \n Primero, a wholly-owned subsidiary of NRW Holdings Limited (ASX: NRW), specialises in the design, construction and operation of global resource projects. The group has extensive experience in delivering large-scale construction contracts, including in the lithium industry and in West Africa, demonstrating significant expertise, versatility, and competence. Primero has provided services for a number of lithium projects with comparable flow sheets to Ewoyaa's, including Bald Hill (Tawana Resources), Pilgangoora (Pilbara Minerals), Finnus Lithium (Core Lithium), Mt Holland (Covalent Lithium) and Xuxa (Sigma Lithium).\n \n \n \n \n \n Following the recent completion of the 47,000m resource and exploration drilling programme at the Project (refer RNS of 29 November 2022), the Company is currently working towards producing an updated Mineral Resource Estimate (\"MRE\") at the Project, ...