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Atlantic Lithium’s Ghana project gets power lines boost

Published 10/10/2023, 06:03 pm
Updated 10/10/2023, 06:30 pm
© Reuters.  Atlantic Lithium’s Ghana project gets power lines boost
ALLA
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Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11)'s Ewoyaa lithium project has been boosted as Ghana's Environmental Protection Agency (EPA) granted authorisation to divert two transmission lines that run across planned mining areas.

It represents an important step as the company advances Ewoyaa towards shovel readiness, it said in a statement.

Moving the lines is necessary to enable the start of early works at the project, including early spodumene concentrate production, the company added.

Ghana Grid Company (GRIDCo), which owns the National Interconnected Transmission System, will undertake the work on the company’s behalf.

"The diversion of the transmission lines that traverse the proposed project site forms an important part of the mine plan,” said chief executive Keith Muller.

“I would like to take the opportunity to thank GRIDCo for undertaking this work on behalf of the company and the environmental protection agency for its timely approval, ensuring we maintain our strong momentum as we advance the project towards construction.”

Muller added: “At Ewoyaa, we consider ourselves exceptionally fortunate to be able to leverage Ghana's impressive existing infrastructure and the considerable expertise from over a century of mining activity in the country.

“We believe these elements play a major role in positioning the project as one of the leading hard rock spodumene assets globally.

"We look forward to updating the market on further progress in due course."

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