Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) chairman Neil Herbert described the last quarter as one of "considerable progress" as it completed several milestones for its flagship Ewoyaa Lithium Project in Ghana.
These included the successful conclusion of the second and final Environmental Protection Agency (EPA) public hearing and the submission of a draft Environmental Impact Statement (EIS) to the EPA.
In a busy three months, the company also debuted on the Ghana Stock Exchange, a requirement under the terms of the Ewoyaa Mining Lease grant. The mining lease has been submitted to Parliament for ratification.
Post-period, the Mineral Resource Estimate for Ewoyaa increased to 36.8Mt at 1.24% Li2O.
"We are busy working to conclude several major landmark events, including the completion of the ongoing offtake partnering process, MIIF's project-level investment and the grant of the remaining permits as required for the advancement of the project," said CEO Herbert.
Turning to the company's exploration activities, fieldwork began at the newly granted Senya Beraku prospecting license, part of the Cape Coast lithium portfolio in Ghana.
High-grade assay results were reported from the Dog-Leg target, with notable findings such as 27m at 1.85% Li2O and 15m at 1.08% Li2O.
Financially, the company is well paced with a cash balance of A$12.7 million at the end of June.
"Considerable progress has been made towards advancing the company's flagship Ewoyaa Lithium Project towards shovel-readiness," said Herbert.
"The project is set to be one of the leading hard rock lithium projects, expected to generate significant benefits to the local communities in which we operate in the Central Region, and to Ghana more broadly."