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'Even stronger economics for this world-class project' - Piedmont Lithium on Ghana project

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(Kitco News) - Infill and exploration drilling for Atlantic Lithium's flagship Ewoyaa project in Ghana was completed, and the assay results confirm high-grade mineralization, providing further confidence in resource conversion and possible mine life extension, according to Piedmont Lithium.

Piedmont Lithium is earning a 50% interest in Atlantic Lithium's spodumene projects in Ghana. This agreement includes an offtake agreement for 50% of annual production at market prices on a life-of-mine basis. Piedmont also owns a 9.4% equity interest in Atlantic Lithium.

Piedmont CEO Keith Phillip said a feasibility study for the project is due next year.

"The drill results at Ewoyaa continue to be very impressive with high lithium grades over broad widths and near surface," said Phillip. "We are working closely with our partners at Atlantic Lithium to publish a definitive feasibility study for the Ewoyaa project in the first half of 2023, and these final drill results are expected to lead to an extended mine life and even stronger economics for this world-class project. When fully operational, the Ewoyaa project will be a primary supplier of spodumene concentrate for lithium hydroxide conversion in Tennessee, and it is promising to see both projects progressing so favorably."

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