Ghana grants license for lithium exploration to Australian company

Lithium exploration is set to kick off in the West African country of Ghana. The license for the exploration has been granted to the Australia-based lithium-focused exploration and development company, Atlantic Lithium Limited.

Atlantic Lithium Limited has been granted a license for lithium exploration in Ghana.

The exploration will take place at Senya Beraku, 70 kilometers from the company’s flagship Ewoyaa project.

Atlantic Lithium Ltd. recently listed all its outstanding shares on the Ghana Stock Exchange

The financial news platform, Proactive recently reported that the Australian-based company has been given the go-ahead to begin roundwork at Senya Beraku, in Ghana within its East African Cape Coast portfolio.

Positioned 70 kilometers from Atlantic’s flagship Ewoyaa project, the first stage of the exploration will include geochemical soil sampling, geological mapping, and rock chip gathering over the tenement’s 82.11 square kilometers.

“Senya Beraku also sits 20km east of the known Egyasimanku Hill-Winneba spodumene pegmatite field, where coarse-grained spodumene pegmatites have been observed,” the Australian-based company disclosed via a statement.

“The recently-granted Senya Beraku prospecting license represents new, unexplored tenure offering considerable exploration upside potential,” the company’s executive chairman Neil Hebert stated.

“With no lithium exploration having been conducted previously over the license, we are pleased to now be on the ground undertaking soil sampling, mapping, and rock chip sampling, with the view to identifying new anomalies,” he added.

He went on the highlight the unexplored potential in Ghana’s untapped tenure package, despite focusing on the Ewoyaa Lithium Project. The third-largest hard-rock lithium project on the continent is expected to be the company’s Ewoyaa mine.

“While focused primarily on advancing the Ewoyaa Lithium Project through permitting towards construction, we recognize the potential value to be delivered from the continued exploration of our large, still vastly unexplored tenure package in Ghana,” Neil Hebert said.

Very recently, Atlantic Lithium listed all its outstanding shares on the Ghana Stock Exchange, in addition to its existing listings on the Australian Securities Exchange and the London Stock Exchange’s AIM board.

At the debut in Accra on Monday, the shares opened at 4.40 cedis ($0.31) per, according to Bloomberg. To comply with Ghana’s license requirements, Atlantic Lithium Ltd., which has not yet started production, listed the shares; but, at this time, it is not seeking further money in Ghana.

Be the first to comment

Leave a Reply

Your email address will not be published.