The technical regulator of the nation's energy sector, Ghana's Energy Commission, has granted Atlantic Lithium a bulk customer permit in relation to its flagship Ewoyaa lithium project.
The permit, which is valid for one year and renewable before its expiration, classifies the project as a bulk consumer of electricity, allowing the company to enter into a competitive bid process with various bulk energy suppliers in Ghana.
This is expected to reduce the overall power cost for the project by 30 to 50%.
An overall operating cost reduction for the project will be recalculated once an agreement with the company's preferred bulk supplier has been finalised.
"Following the grant of the Mining Lease in October 2023, we are now firmly on the path towards building Ewoyaa as Ghana's first lithium mine. Alongside our ongoing, recently extended exploration programmes, which continue to add value to the project, excellent progress is being made towards achieving shovel readiness," said Atlantic chief executive Keith Muller.
Atlantic is targeting commencing construction of the mine in late 2024 and initial production in early 2025.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
