Atlantic Lithium Ltd has announced an updated JORC (2012) compliant mineral resource estimate of 36.8 million t at 41.9% feldspar for its flagship Ewoyaa Lithium Project in Ghana, West Africa.
Atlantic Lithium Ltd, the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, has announced an updated JORC (2012) compliant mineral resource estimate (MRE) of 36.8 million t at 41.9% feldspar for its flagship Ewoyaa Lithium Project in Ghana, West Africa.
Highlights:
- Updated JORC (2012) compliant MRE of 36.8 million t at 41.9% feldspar reported in respect of the project.
- The feldspar MRE is based on the same geological model that resulted in the 36.8 million t at 1.24% Li2O MRE for the project announced by Atlantic Lithium on 30 July 2024.
- The Feldspar MRE includes 29.8 million t (81%) in the measured and indicated categories, comprising a total of 3.7 million t at 40.2% feldspar in the measured category, 26.1 million t at 42.1% feldspar in the indicated category and 7.0 million t at 42.4% feldspar in the inferred category.
- The Feldspar MRE represents all of the spodumene pegmatites drilled at Ewoyaa and considers the mine plan in respect of the Project’s Life of Mine spodumene concentrate production, as detailed in the Ewoyaa definitive feasibility study (DFS; refer announcement of 29 June 2023).
- The resource upgrade builds upon the Maiden Feldspar MRE announced by Atlantic Lithium on 12 December 2023, which only constituted approximately the first five years of planned spodumene production.
- Quartz and muscovite also reported in the Feldspar MRE as additional potential by-products from spodumene concentrate production at Ewoyaa.
- Atlantic Lithium believes Ewoyaa represents a major domestic source of feldspar, which it intends to supply to the local Ghanaian ceramics market.
Commenting, Keith Muller, Chief Executive Officer of Atlantic Lithium, said:
“We are pleased to report an increased feldspar mineral re-source estimate of 36.8 million t at 41.9% feldspar in re-spect of the Company’s Ewoyaa Lithium Project.
“The increased Feldspar MRE incorporates all of the spodumene pegmatites drilled at Ewoyaa and, therefore, considers the mine plan for the Project over its entire 12-year mine life. The increased resource gives us further confidence in Ewoyaa’s potential as a major source of feldspar in Ghana, which will be produced as a by-product of spodumene concentrate production from the Project.
“Atlantic Lithium intends to supply the feldspar to the local Ghanaian ceramics market to support the growth of businesses associated with the industry and the wider local economy.
“As such, the Feldspar MRE enables the Company to incorporate life of mine production of feldspar in future revisions of the Ewoyaa feasibility studies, as well as in its considerations to bring the feldspar to market.”
