Lithium mining in Ghana’s Ewoyaa enclave in the Central Region is expected to start by December 2024, said the Minerals Income Investment Fund (MIIF).
Edward Nana Yaw Koranteng, Chief Executive Officer (CEO) of MIIF, told the Oxford Business Economic Africa that with the discovery of lithium in Ghana come many opportunities for investors.
“The Atlantic Lithium Limited recently discovered lithium finds in the Central Region, and their project is called the Ewoyaa project. This project should come on stream by December 2024 and be in the top 10 lithium finds in the world,” Koranteng said.
He said the Ewoyaa lithium project being developed by Atlantic Lithium would be the first lithium-producing mine in Ghana, West Africa, and the project is focused on exploiting the Ewoyaa, Abonko, and Kaampakrom lithium spodumene pegmatite deposits in western Ghana.
“There are a number of opportunities in the newly discovered lithium space in Ghana. Feldspar is a by-product of lithium; feldspar is used to produce ceramics; and Ghana is a major exporter of ceramic products,” the CEO noted.
He added,” This provides good opportunities for investors not only in Ghana but also outside Ghana who are positioning themselves to invest in the processing of lithium in Ghana. It will also support investors that will be setting up lithium-ion battery factories in the enclave.”
The Ewoyaa Lithium was discovered by Atlantic Lithium Limited, which in July 2023 confirmed the project’s economic viability and profitability potential for the production of 3.6 metric tonnes of spodumene concentrate over a 12-year period.