Name of the Project
Ewoyaa lithium project.

Location
Ghana’s Central Region, about 100 km south-west of Accra and about 110 km from Takoradi port. 

Project Owner/s
Africa-focused lithium exploration and development company Atlantic Lithium. 

The project is being advanced under a co-development agreement with Piedmont Lithium, which has completed its initial 22.5% earn-in and might increase its interest in Atlantic Lithium’s Ghana portfolio to 50% by completing the agreed funding commitments. Atlantic Lithium remains the operator of the project. 

Project Description
The Ewoyaa project is set to be Ghana’s first lithium-producing mine. 

Over the 12-year life-of-mine (LoM), the project is expected to produce about 3.6-million tonnes of spodumene concentrate comprising 6% and 5.5% product, as well as 4.7-million tonnes of secondary product as a by-product of dense-media separation (DMS). 

Development involves the opencut mining of several lithium-bearing pegmatite deposits, conventional DMS processing and supporting infrastructure. The project is based on conventional openpit mining and a simple, low-energy DMS flowsheet. 

The June 2023 definitive feasibility study was based on a mineral resource of 35.3-million tonnes at 1.25% lithium oxide (Li₂O) and ore reserves of 25.6-million tonnes at 1.22% Li₂O. However, Atlantic Lithium announced an updated mineral resource in July 2024 of 36.8-million tonnes at 1.24% Li₂O, with 81% of the total resource in the measured and indicated categories. 

Potential Job Creation
The project is expected to create more than 900 jobs, with Atlantic Lithium's intending to apply a hire-local philosophy. 

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $1.5-billion and an internal rate of return of 105%, with a payback of 19 months. 

Capital Expenditure
$185-million. 

Planned Start/End Date
Atlantic Lithium has indicated that final investment decision remains subject to the completion of the remaining permitting and ratification process, final engineering and design work, and the finalisation of financing and offtake arrangements. 

Latest Developments
Atlantic Lithium announced the parliamentary ratification of the Ewoyaa mining lease on March 20, 2026. The company said this marked the ratification of Ghana’s first lithium mining lease and granted exclusive mining rights over the project for an initial 15-year period. The milestone represents a key step towards funding and a final investment decision. 

Prior to this announcement, Atlantic Lithium announced a corporate funding update on March 17, 2026, under which it could raise up to about $16.4-million through a strategic investment from Ghanaian investors and a third placement with Long State Investments. The company said the funding was intended to support the advancement of Ewoyaa towards production. 

Key Contracts, Suppliers and Consultants
DRA Projects (DMS and project engineering work). 

Contact Details for Project Information
Atlantic Lithium, tel +61 2 8072 0640 or email info@atlanticlithium.com.au.