Approval Granted to Divert Transmission Lines at Ewoyaa

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to advise that Ghana’s Environmental Protection Agency (“EPA”) has granted authorisation to divert two transmission lines that run across planned mining areas within the Mankessim prospecting licence, which holds the Company’s Ewoyaa Lithium Project (“Ewoyaa” or the “Project”).

The planned diversion of the transmission lines, which currently traverse the proposed Project site, forms part of the Project’s mine plan and represents an important step as the Company advances Ewoyaa towards shovel readiness.

As outlined in the Ewoyaa Definitive Feasibility Study (refer announcement of 29 June 2023), the Company requested that the transmission lines be diverted to the northern border of the licence to enable the Company to commence early works at the Project, including early spodumene concentrate production through a Modular Dense Media Separation (“DMS”) processing unit.

EPA approval has been granted up to 24 March 2025, enabling Ghana Grid Company Ltd (“GRIDCo”), which owns the National Interconnected Transmission System in Ghana, to carry out the diversion of the lines on behalf of the Company.

Mining Lease Update

Atlantic Lithium is currently awaiting ministerial grant of the Mining Lease in respect of the Mankessim licence, required to advance the Project towards construction.

The Company had a meeting on Thursday, 5 October 2023 in Accra with Hon. Samuel A. Jinapor, Ghana’s Minister of Lands and Natural Resources, and representatives of the Minerals Commission, the Minerals Income Investment Fund and the Ghana Stock Exchange regarding the finalisation of the Mining Lease for the Project. The Company is pleased with the progress of its application and expects the Mining Lease to be granted shortly.

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