Business
Project Development Update
Project Development Update.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n\n \n\n\n\n\n Atlantic Lithium Limited 22 November 2023 \n\n \n 22 November 2023\nProject Development Update\nAtlantic Lithium takes major strides in the development of the Ewoyaa Lithium Project,\ntargeting the commencement of construction in late 2024 and initial production in early 2025\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 provide the following progress update with regards to the development of the Company's flagship Ewoyaa Lithium Project (\"Ewoyaa\" or the \"Project\") in Ghana, West Africa.\nHighlights\n- Bulk Customer Permit awarded in respect of the electricity requirements of the Company's Ewoyaa Lithium Project, expected to deliver a 30-50% overall power cost reduction for the Project.\n \n- Key contracts on the critical path for the Project progressing, including:\n· Advanced discussions ongoing for the award of the Engineering, Procurement, Construction and Management (\"EPCM\") contract for the main processing plant and all non-processing infrastructure;\n· Tender stage underway to appoint a mining contractor and for the procurement of the modular Dense Media Separation (\"DMS\") unit, respectively;\n· Tender stage to commence imminently for the procurement of the mobile crusher to feed the modular DMS unit; and\n· Award of the contract to divert the transmission lines crossing the Project site expected in Q2 2024.\n \n- Completion of the Flotation Scoping Study; results confirm the viability of the inclusion of a downstream flotation circuit at Ewoyaa for future value addition.\n \n- Maiden feldspar Mineral Resource Estimate expected in Q4 2023; in line with the Feldspar Study underway to evaluate the viability of the production of feldspar as a by-product of spodumene production at the Project.\n \n- Work underway with Engineering Procurement and Construction firm Mincore to assess the potential to establish a downstream lithium conversion plant in Ghana, as agreed under the terms of the grant of the Mining Lease for the ...