Corporate broker Liberum has repeated its buy and 56p a share price target on Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) after it revealed a staged project development plan for its Ewoyaa lithium project in Ghana.
The new blueprint focuses on an optimised process flowsheet and mine throughput scenarios following the release of an increased mineral resource estimate in February 2023.
“Atlantic outlined a number of means by which potentially significant additional value could be realised at its exciting Ewoyaa spodumene lithium project in Ghana,” said Liberum in a note to clients.
“These additional opportunities are being systematically studied via a staged approach.”
Importantly, the definitive feasibility report for the project remains on track for completion during the second quarter, the broker said.
The shares fell 2% to 26.72p.