Field Work Underway at Senya Beraku Licence

Atlantic Lithium commences soil sampling, mapping and rock chip sampling
across newly-granted, unexplored Senya Beraku licence

Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, 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 announce the commencement of geochemical soil sampling, geological mapping and rock chip sampling over the Senya Beraku licence in the eastern portion of the Company’s Cape Coast Lithium Portfolio in Ghana (“CCLP”), which holds the flagship Ewoyaa Lithium Project (“Ewoyaa” or the “Project”).

Highlights:

• Commencement of geochemical soil sampling, geological mapping and rock chip sampling over the newly-granted, previously unexplored Senya Beraku prospecting licence, representing 82.11km2 of prospective tenure within 70km from the Ewoyaa footprint.
• Senya Beraku sits 20km east of the known Egyasimanku Hill-Winneba spodumene pegmatite field, where coarse-grained spodumene pegmatites have been observed.
• 1,344 soil samples collected as of 26 May 2024, with 5,405 samples planned to be collected in the ongoing programme.
• Weathered, coarse-grained pegmatite units identified in surface geological mapping (no spodumene mineralisation observed; assays pending), being undertaken concurrent to ongoing soil sampling programme; collected rock chip samples to be submitted for assay by Intertek.
• Commencement of field work at Senya Beraku follows the issue of the required Operating Permits for the licence by the Minerals Commission and Environmental Protection Agency (“EPA”), and the completion of meetings with local authorities and communities to inform them of the Company’s planned activities.
• Senya Beraku licence benefits from exceptional existing infrastructure; located adjacent to the N1 Accra-Takoradi highway and crossed by high-voltage transmission lines.
• Grant of the Senya Beraku licence represents the Government’s strong support of the Company’s ambitions to grow its lithium resources in Ghana following the grant of the Mining Lease for the Ewoyaa Lithium Project in October 2023.

Commenting on the Company’s latest progress, Neil Herbert, Executive Chairman of Atlantic Lithium, said:

“The recently-granted Senya Beraku prospecting licence represents new, unexplored tenure offering considerable exploration upside potential. With no lithium exploration having been conducted previously over the licence, we are pleased to now be on the ground undertaking soil sampling, mapping and rock chip sampling, with the view to identifying new anomalies that we can follow up on with targeted drilling.

“While focused primarily on advancing the Ewoyaa Lithium Project through permitting towards construction, we recognise the potential value to be delivered from the continued exploration of our large, still vastly unexplored tenure package in Ghana, which we believe is highly prospective for further lithium discovery.

“In line with the grant of the Ewoyaa Mining Lease, we believe that the grant of the Senya Beraku licence demonstrates the Government of Ghana’s continued support of the Project and the Company’s efforts to grow the country’s lithium resources. We, therefore, look forward to progressing and completing the ongoing programme and taking steps to further enhance the Project.”

We recently caught up with Chairman Neil Herbert. He provided an update on Atlantic’s operations, outlining the key recent milestones reached and what we should look out for in the next twelve months