Atlantic moves closer to producing Ghana's first lithium...

By Nathan Richardson / September 23, 2022 / www.mining-journal.com / Article Link

Chaarat makes headway at Kyzyltash

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Zenith Minerals aiming for new heights with lithium focus

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zenith minerals limited

Zenith Minerals aiming for new heights with lithium focussponsored-logo

Bedrock gold discovery adds to Kingwest reign

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kingwest resources

Bedrock gold discovery adds to Kingwest reignsponsored-logo

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The capex has been lifted from US$70 million, primarily due to bringing the crushing circuit in-house as opposed to contract crushing, the company said.

"The study outlines a robust 2 million tpa operation which can deliver excellent cash flows, an exceptional 20-week payback and a post-tax NPV8 of US$1.33 billion producing a coarse, premium DMS SC6 product including credits from DSO fines and feldspar by-products," interim CEO Lennard Kolff said.

Chaarat makes headway at Kyzyltash

SPONSORED

chaarat gold holdings ltd.

Chaarat makes headway at Kyzyltashsponsored-logo

Zenith Minerals aiming for new heights with lithium focus

SPONSORED

zenith minerals limited

Zenith Minerals aiming for new heights with lithium focussponsored-logo

Bedrock gold discovery adds to Kingwest reign

SPONSORED

kingwest resources

Bedrock gold discovery adds to Kingwest reignsponsored-logo

Mining Journal and MiningNews.Net Critical Minerals report

SPONSOREDMining Journal and MiningNews.Net Critical Minerals reportpartner-logo

The IRR is 224% and the LOM EBITDA is US$248 million per annum.

C1 cash operating costs are viewed as US$278 per t of SC6 FOB Ghana port, after by-product credits.

The study used a long-term average SC6 price of US$1,359/t FOB Ghana.

"Every US$100/t increase in SC6 price forecast results in an additional 9% increase to the post-tax NPV8% highlighting the significant potential value uplift to the project," Kolff said.

"We are also pleased to declare a maiden ore reserve of 18.9 million t at 1.24% Li2O, presenting sound resource to reserve conversion and confirming the robust project fundamentals," he said.

He added that the study moves the project another step closer to becoming Ghana's first lithium-producing mine.

Atlantic's share price rose 10% day on day to 46.80p (US%0.52) on 22 September.

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