08 October 2024
Grant of Mine Operating
Permit
Ewoyaa Lithium Project granted
final regulatory approval in the permitting process for the
Project
Atlantic Lithium Limited (AIM: ALL, ASX: A11,
GSE: ALLGH, OTCQX: ALLIF, "Atlantic Lithium" or the
"Company"), the Africa-focused lithium
exploration and development company targeting the delivery of
Ghana's first lithium mine, is pleased to announce
that the Minerals Commission of Ghana has issued a Mine Operating
Permit in respect of the Company's flagship Ewoyaa Lithium Project
("Ewoyaa" or the "Project").
The Mine Operating Permit serves as the final
regulatory approval required by the Company ahead of commencing
construction of the Project, comprising the Ewoyaa Lithium Mine and
Processing Plant, and represents an important milestone towards
reaching a Final Investment Decision.
The Company currently awaits the ratification
of the Ewoyaa Mining Lease by Ghana's parliament. The Company
understands that parliament will resume sitting on 15 October 2024
and will provide further updates to shareholders as
appropriate.
Commenting,
Neil Herbert, Executive Chairman of Atlantic Lithium,
said:
"Representing
the final regulatory approval required by the Company before we can
commence construction, the issuance of the Mine Operating Permit
marks a critical milestone in the permitting process for the Ewoyaa
Lithium Project.
"With our
sights set on achieving first production of lithium in Ghana, we
now eagerly await parliamentary ratification of the Ewoyaa Mining
Lease. We hope that ratification can occur in the coming sitting,
expected to resume on the 15th of this month, which
would set us on the path towards construction and operation of this
globally significant lithium project."
Authorised for release by Amanda Harsas,
Finance Director and Company Secretary, Atlantic Lithium
Limited.
This
announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms
part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of
MAR.
For any further information, please
contact:
Atlantic Lithium Limited
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company
Secretary)
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www.atlanticlithium.com.au
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IR@atlanticlithium.com.au
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Tel: +61 2 8072
0640
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SP
Angel Corporate Finance LLP
Nominated Adviser
Jeff Keating
Charlie Bouverat
Tel: +44 (0)20 3470 0470
|
Yellow Jersey PR
Limited
Charles
Goodwin
Bessie
Elliot
atlantic@yellowjerseypr.com
Tel: +44 (0)20 3004
9512
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Canaccord Genuity
Limited
Financial
Adviser:
Raj Khatri (UK)
/
Duncan St John,
Christian Calabrese (Australia)
Corporate
Broking:
James
Asensio
Tel: +44 (0) 20 7523
4500
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Notes to Editors:
About Atlantic
Lithium
www.atlanticlithium.com.au
Atlantic Lithium is an AIM, ASX, GSE and
OTCQX-listed lithium company advancing its flagship project, the
Ewoyaa Lithium Project, a significant lithium spodumene pegmatite
discovery in Ghana, through to production to become the country's
first lithium-producing mine.
The Definitive Feasibility Study for the Project
indicates the production of 3.6Mt of spodumene concentrate over a
12-year mine life, making it one of the largest spodumene
concentrate mines in the world.
The Project, which was awarded a Mining Lease in
October 2023, is being developed under an earn-in agreement with
Piedmont Lithium Inc.
Atlantic Lithium holds a portfolio of lithium
projects within 509km2 and 771km2 of granted
and under-application tenure across Ghana and Côte d'Ivoire
respectively, which, in addition to the Project, comprises
significantly under-explored, highly prospective
licences.