15th Aug 2023 14:28
(Alliance News) - Atlantic Lithium Ltd on Tuesday said it has signed a deal with the University of Mines & Technology for it to undertake a feasibility study at its Ewoyaa lithium project.
The Sydney-based, Africa-focused lithium exploration and development company, with assets in Ghana and Ivory Coast, said the university, located in Takwa, Ghana, will assess the viability of producing feldspar feedstock as a by-product of spodumene concentrate production at the project.
The firm said the study will consider the prospective market conditions, as well as the commercial, technical and financial feasibility of feldspar, quartz and muscovite as by-products, but will focus on feldspar, as it offers an opportunity for the firm to supply Ghana's domestic ceramics market.
Atlantic Lithium added that the study will determine the market for weathered and fresh feldspar in Ghana and surrounding countries, as well as the feasibility of processing the product, as well as the costs and revenues involved.
The study will also produce a maiden feldspar mineral resource estimate.
Chief Executive Keither Muller said: "We believe that the Ewoyaa Lithium Project represents a major potential source of feldspar, identified as a by-product of spodumene concentrate production at the proposed Dense Media Separation plant, which is widely used in ceramics and associated industries. The commercialisation of feldspar at Ewoyaa offers the potential to generate significant value to Ghana, in addition to the Project's lithium production.
"We hope to help invigorate Ghana's ceramics market through the long-term supply of feldspar from Ewoyaa, stimulating the creation of new jobs and the development of associated businesses in the industry in the process."
"The production of feldspar also offers the possibility to reduce the waste footprint of the mine, providing potential environmental benefits alongside win-win social and commercial benefits," Muller added.
Atlantic Lithium shares fell 1.1% to 19.90 pence each on Tuesday afternoon in London.
By Harvey Dorset, Alliance News reporter
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