Neil Herbert of Atlantic Lithium: We are advancing on multiple work streams at the Ewoyaa Lithium Project
Neil Herbert Executive Chairman of discusses the multiple work streams that are advancing in the development of the Ewoyaa Lithium Project, where they are targeting the commencement of construction in late 2024 and initial production in early 2025.
Highlights
- 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.
- Key contracts on the critical path for the Project progressing, including:
· 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;
· Tender stage underway to appoint a mining contractor and for the procurement of the modular Dense Media Separation ("DMS") unit, respectively;
· Tender stage to commence imminently for the procurement of the mobile crusher to feed the modular DMS unit; and
· Award of the contract to divert the transmission lines crossing the Project site expected in Q2 2024.
- Completion of the Flotation Scoping Study; results confirm the viability of the inclusion of a downstream flotation circuit at Ewoyaa for future value addition.
- 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.
- 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 Project.
- Appointment of three General Managers, including General Manager, Operations, as the Company steps up recruitment to strengthen its leadership team, with a focus on mine build and operating experience, as it transitions from explorer and developer to producer.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.