Atlantic Lithium’s executive charman has reiterated his belief that its Ewoyaa project in Ghana remains one of the world’s most attractive hard rock projects.
"Against a challenging market backdrop for lithium projects, we believe Ewoyaa's underlying fundamentals, notably its proximity to existing infrastructure and the favourable nature of the deposit, as well as the impressive economic outputs indicated by the DFS, put the project in good stead versus its peers," said Neil Herbert.
Recent drilling should also mean an increased mineral resource estimate later this year, he said in the company's quarterly update to end December 2023.
"With the permitting phase progressing well, 2024 is set to be an exciting year for the company.
“In the first few weeks, we have already welcomed Ghana's mineral sovereign wealth fund as a new, major shareholder, and have completed the first stage of our competitive offtake partnering process."
Cash equivalents at the end of December 2023 were A$9.8 million.