Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) said it has submitted a mining licence application for the proposed Ewoyaa lithium mine to the Minerals Commission of Ghana, a key step in the company’s aim of delivering the West African country’s first lithium mine.
"The application marks a significant milestone for the company having completed extensive exploration and technical programmes, environmental and social studies, economic studies and the valuation of the project,” said Lennard Kolff, Atlantic Lithium’s interim chief executive in a statement.
Initial documents, including a recent pre-feasibility study, have been lodged and the application will now be assessed by the Ghanaian government as soon as possible, said the AIM-traded company.
The pre-feasibility study estimated the project's value at US$1.33bn and envisaged a speedy recovery of build costs.
READ: Atlantic Lithium predicts Ewoyaa mine will pay for itself in five months
"We are pleased to have lodged our application for a mining licence at the Ewoyaa lithium project in Ghana, which has a compelling case for development at a time of unprecedented lithium demand.
"Our ongoing and planned activities now focus on further de-risking the development timelines of the project, rapidly advancing a detailed design and construction phase and ultimately, moving into production whilst continuing to grow our exploration pipeline," added Kolff.