Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) CEO Keith Muller joins Proactive’s Elisha Newell in the virtual studio to recap the company’s March quarter report. It’s been a busy season for the lithium developer, with the last three months dedicated to further de-risking Atlantic’s Ewoyaa lithium project in Ghana in a bid to begin construction and reach a final investment decision later this year.
Recapping the March quarter highlights, the Atlantic CEO says the local community has shown strong support during a recent scoping hearing, run by the Environmental Protection Agency.
Additionally, the first US$5 million of a US$32.9 million investment from the Minerals Income Investment Fund of Ghana has been secured, marking a significant step in funding the prospective lithium development.
In an announcement to market on Wednesday, Atlantic chairman Neil Herbert highlighted the advancement of Ewoyaa’s permitting process and drilling activity as just some of the critical activities last quarter.
Herbert also flagged a number of upcoming milestones, including the conclusion of a competitive partnering process for Ewoyaa's available offtake, the parliamentary ratification of the mining lease, and the issuance of final permits to get the project off the ground.
In other news, Atlantic has completed a feldspar and downstream conversion study, submitted to Ghana's Minerals Commission, as part of the conditions for the mining lease. Muller also emphasises that efforts are underway to secure a secondary listing on the Ghana Stock Exchange.
Finally, recent management changes include promotions within the exploration team, with Iwan Williams appointed as general manager, exploration, and Abdul Razak as exploration manager for Ghana after chief geologist Len Kolff decided to pursue new opportunities closer to home.
Muller notes that Williams and Razak have been integral to the exploration team since before Ewoyaa’s maiden mineral resource estimate (MRE) in 2020 and are poised to lead the project's ongoing exploration activities.
