Atlantic Lithium Limited announced the appointment of DRA Global Limited to conduct a Scoping Study ("Study") for the inclusion of a flotation circuit at the Ewoyaa Lithium Project ("Ewoyaa" or the "Project") in Ghana, West Africa. DRA is an international multi-disciplinary engineering, project delivery and operations management group, predominantly focused on the mining, minerals and metals industry. The group has an extensive track record spanning almost four decades across a wide range of commodities, with expertise in the mining, minerals and metals processing industries, as well as related non-process infrastructure, such as water and energy solutions.

The Scoping Study, which forms part of Stage 2 of the Project's development, will comprise: an evaluation of the technical and commercial viability of the use of flotation to process fines and middlings as a potential additional downstream circuit to the planned Ewoyaa Lithium Dense Media Separation ("DMS") processing plant; assessing the use of the 4.7Mt of 1.2% Li2 O fines material currently intended to be sold as a low-grade Li2 O secondary product (refer Ewoyaa Definitive Feasibility Study 1, announced on 29 June 2023) as potential feedstock for the flotation circuit. Preliminary testwork and calculations indicate encouraging flotation stage recovery and the achievement of >5% Li2 O concentrate grades. The higher-value concentrate produced by flotation is intended to replace the current lower-grade secondary product.

The Company believes that this would enhance the Project's financial outcomes and de-risk the Project in the event that the low-grade lithium-bearing products market is adversely affected. Under the terms of the agreement, DRA will deliver process design criteria, a processing flowsheet, capital and operating cost estimates for the additional flotation circuit.