Ewoyaa
Ghana, West Africa
The Ewoyaa Lithium Project (Ewoyaa) is a joint venture between Elevra and Atlantic Lithium, with potential to become one of Ghana’s first lithium-producing mines.
Elevra Lithium holds an equity interest in Atlantic Lithium and a 50% earn-in for the Ghanaian spodumene projects. Through this agreement, Elevra can offtake 50% of Ewoyaa’s annual spodumene concentrate production on a life-of-mine basis at market prices.
The option to acquire a 22.5% direct interest in Ewoyaa was exercised by funding the project’s Definitive Feasibility Study (DFS). A financial adviser has been mandated to develop a funding strategy, including identifying offtake partners to secure Elevra’s share of project construction costs while minimising shareholder dilution.
*Based on the Definitive Feasibility Study published by Atlantic Lithium.
Elevra Lithium holds an equity interest in Atlantic Lithium and a 50% earn-in for the Ghanaian spodumene projects.
Elevra Lithium holds an equity interest in Atlantic Lithium and a 50% earn-in for the Ghanaian spodumene projects. Through this agreement, Elevra can offtake 50% of Ewoyaa’s annual spodumene concentrate production on a life-of-mine basis at market prices.
Ewoyaa Gallery
MIIF Partnership
Ghana’s Minerals Income Investment Fund (MIIF) supports Ewoyaa through a non-binding agreement to invest US$27.9 million (pending finalisation), acquiring a 6% equity interest in the project and funding 6% of future exploration and development costs in Atlantic Lithium’s Ghanaian portfolio.
Should MIIF fulfil its obligations and Elevra acquire a full 50% interest in Atlantic Lithium’s Ghana projects (Atlantic Lithium Ghana), Atlantic Lithium Ghana would hold an 81% interest in Ewoyaa, resulting in an effective 40.5% interest in Ewoyaa for Elevra Lithium. Under these arrangements, Elevra’s 50% life-of-mine offtake right from Ewoyaa remains in place.
Location and Infrastructure
Ewoyaa is conveniently located in Ghana’s Cape Coast region, around 112 kilometres from the Port of Takoradi and 96 kilometres from the capital, Accra, with direct access via a national highway. This strategic positioning enables moderate transport distances for high-grade, coarse-grained spodumene concentrate destined for customers.
A 15-year mining lease has been granted by Ghana’s Ministry of Lands and Natural Resources, subject to parliamentary ratification and final regulatory approvals.
For the latest project updates, please visit our ASX Announcements page.
More information about current Mineral Resources and Ore Reserves can be found in our latest Annual Report or Quarterly Activities Reports.
