thanks Teddy “Mr. Koranteng indicated that, MIIF is at an...

thanks Teddy

“Mr. Koranteng indicated that, MIIF is at an advanced stage in finalising a significant equity investment stake in the Australian and UK listed Atlantic Lithium which is developing the Ewoyaa lithium finds in Ghana. The Ewoyaa project which will be Ghana’s first lithium mine operation will produce 3.6 million tonnes of spodumene concentrate over a 12-year life with first production targeted for end 2024. The Ewoyaa project has a post-tax net present value (at 8% discount) of $1.5 billion, with free cash flow of $2.4 billion from life of mine revenues of $6.6 billion and an internal rate of return of 105%.

MIIF is investing circa $35 Million in the Ewoyaa lithium space with further plan to invest in value addition components such as chemical plants in line with Ghana’s proposed Critical Minerals Policy. The Fund will eventually invest in the development of the ceramic sector through the mineral feldspar (by-product of lithium) aimed at supporting strictly Ghanaian offtake and a Ghana ceramics development plan.”

.