Name of the Project
Ewoyaa lithium project.

Location
Ghana.

Project Owner/s
Aim-listed lithium explorer and developer Atlantic Minerals. Piedmont has an earn-in right of 50% of Atlantic’s Ghanaian projects, including Ewoyaa, and the company holds a 10% equity interest in lithium explorer Atlantic Lithium.

Project Description
Over the 12-year life-of-mine, the project is expected to produce 3.58-million tonnes a year of 6% and 5.5% spodumene concentrate, as well as 4.7-million tonnes of secondary product as a by-product of dense-media separation (DMS).

Development involves the opencut mining of several lithium-bearing pegmatite deposits, conventional DMS processing and supporting infrastructure.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $1.5-billion and an internal rate of return of 105%, with a payback of 19 months.

Capital Expenditure
$185-million.

Planned Start/End Date
Production of spodumene concentrate and secondary product is targeted for the second quarter of 2025.

Latest Developments
Atlantic Lithium announced on September 12 that Ghana's Environmental Protection Agency (EPA) had granted an environmental permit in respect of the Ewoyaa project.

The grant of the EPA permit serves as the EPA's approval for the company's proposed activities at the project, as detailed in Atlantic's mine and process environment-impact statement (EIS), and, therefore, represents an important landmark in the permitting process for the advancement of the project.

The final EIS submission incorporated feedback from the EPA. This was with regard to the draft EIS submitted in May 2024, and queries raised by members of the project's affected communities in the two public hearings held by the EPA in two of the project's local affected communities, Ewoyaa and Krofu, in February and June 2024 respectively. Both public hearings were well-attended and highlighted the exceptionally strong local support for the project, Atlantic has said.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Atlantic Minerals, tel +61 2 8072 0640 or email info@atlanticlithium.com.au.