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
The Ewoyaa project is set to be Ghana’s first lithium-producing mine.

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 has confirmed that the mining lease for Ewoyaa has been submitted to the Parliament of Ghana and referred to the select committee to be considered, as per due process for ratification. 

The committee is responsible for considering matters pertaining to lands, forestry and mines and, through its review of the mining lease, will provide its recommendation regarding ratification for Parliament. 

Initially granted in October 2023, the mining lease provides the company with exclusive rights to conduct mining and commercial production activities at Ewoyaa for an initial 15-year period, renewable in accordance with Ghanaian legislation. 

With all the necessary regulatory approvals secured, parliamentary ratification serves as the final step of the project's permitting process, which will enable the company to further progress activities with regard to funding and offtake arrangements. 

The current parliamentary session started on October 21, 2025. Atlantic Minerals remains confident that ratification of the mining lease will be forthcoming in accordance with due parliamentary process. Atlantic Lithium has advised, however, that there can be no certainty that Parliament will ratify the mining lease.

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.