Atlantic Lithium Ltd (ASX:A11) CEO Keith Muller tells Proactive a definitive feasibility study for the Ewoyaa Project in Ghana confirms its status as a world-class hard rock lithium development.
The study anticipates a 19-month payback period and forecasts US$6.6 billion in life-of-mine revenues. It also attributes an after-tax net present value of US$1.5 billion and a 105% rate of return over a 12-year mine life.
While capex estimations have risen to US$185 million, Muller argues these costs remain modest against a 35% jump in throughput calculations.
"The definitive feasibility study has reaffirmed the Ewoyaa Lithium project's impressive economic outcomes and profitability potential, he announced on Thursday.
Due to its grade, the project's coastal location and against the backdrop of the global decarbonisation movement, demand from off-takers has been strong.
"The project benefits from a low water and energy-intensive plant, close proximity to exceptional infrastructure, including adjacent grid power, as well as a skilled Ghanaian workforce within Ewoyaa's supportive surrounding communities.
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Atlantic Lithium Ltd