Atlantic Lithium Limited. · LSE:ALL
Atlantic Lithium — Paydirt Battery Minerals Conference 2024
30 slides from Atlantic Lithium's conference presentation, Apr 16, 2024
Slide 1: Investor Presentation – Battery Minerals Conference
16 April 2024 Investor Presentation – Battery Minerals Conference For personal use only Atlan�c Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlan�c Lithium” or the “Company”), the African-focused lithium explora�on and development company targe�ng to deliver Ghana’s first lithium mine, provid
Slide 2: Notes to Editors: About Atlantic Lithium
16 April 2024 Notes to Editors: About Atlan�c Lithium www.atlan�clithium.com.au Atlan�c Lithium is an AIM and ASX-listed lithium company advancing its flagship project, the Ewoyaa Lithium Project, a significant lithium spodumene pegma�te discovery in Ghana, through to produc�on to become the country’s
Slide 3: Investor Presentation April 2024
ASX:A11 AIM:ALL OTCQX:ALLIF For personal use only INVESTOR PRESENTATION April 2024 1
Slide 4: Important & Cautionary Statement
IMPORTANT & CAUTIONARY STATEMENT IMPORTANT NOTICE CAUTIONARY STATEMENTS These presentation slides (the “Slides”) have been prepared by The information in the Slides that relates to Ore Reserves, Mineral similar expressions. Persons reading the Slides are cautioned that such For personal use only Atl
Slide 5: Table of Contents
TABLE OF For personal use only CONTENTS 04 CORPORATE SNAPSHOT 07 OUR PROJECT 15 OUR PARTNERS 20 CATALYSTS FOR GROWTH PRESENTER Keith Muller 3 Chief Executive Officer
Slide 6: Corporate Snapshot
For personal use only SNAPSHOT CORPORATE 4 4
Slide 7: Capital Structure
CAPITAL STRUCTURE Shareholdings For personal use only Issued Capital: 649.7m Top 20 Shareholders: 67.1% Assore Int. Holdings 41.3m 9.3m 700.3m 27.6% Options Performance Rights Fully-diluted share capital Piedmont Lithium Inc 5.0% Fidelity International Limited A$247m - GBP128m - US$160m 3.7% Market
Slide 8: Strong Outlook for Lithium Market
STRONG OUTLOOK FOR LITHIUM MARKET Forecast Base Case and High Case Lithium Demand versus Forecast Supply 1 For personal use only Li-ion battery demand is expected to grow by about 27 percent annually to reach 4,700 GWh by 2030 2 1 Source: Benchmark Lithium Forecast Report Q4 2023 ASX: A11; AIM: ALL;
Slide 9: Our Project
For personal use only OUR PROJECT 7 7
Slide 10: Building Ghana's First Lithium Mine
BUILDING GHANA’S FIRST LITHIUM MINE For personal use only On Track to Deliver • Mining Lease granted Strong Project • Funding - Offtake partnerships Credentials • Access to infrastructure • MIIF Strategic Project Investment Excellent Project • Minimal footprint Economics • Ghana Stock Exchange listi
Slide 11: Key Metrics
KEY METRICS* Economic outcomes place Ewoyaa as an industry-leading asset For personal use only 365ktpa US$1.3bn 12-year 94% Steady state production NPV8 Life of Mine IRR US$6.6bn 4.7Mt US$185m US$675/t LOM revenues Secondary Product Capital Cost All in Sustaining Cost (Low-grade Li2O) GHANA Based on
Slide 12: Globally Significant Asset
GLOBALLY SIGNIFICANT ASSET Targeted spodumene concentrate production capacity (ktpa, 100% basis)* For personal use only Production Development+ 3rd Exploration Largest anticipated production Anticipated steady state capacity in Africa production of 365ktpa 5th Largest developer by anticipated produc
Slide 13: Metallurgy Delivers Premium Product
METALLURGY DELIVERS PREMIUM PRODUCT Two clearly defined geometallurgical domains: For personal use only TONNAGE GRADE CONT. CONT. Coarse grained LITHIUM LITHIUM P1 spodumene material (>20mm) ORE TYPE Mt % Li2O kt % P1 31.3 1.27 398 90 P2 4 1.06 42 10 Coarse Grained P1 & fine P2 pegmatites Total 35.3
Slide 14: Competitive Operational Cost
COMPETITIVE OPERATIONAL COST Competitively placed on the spodumene cost curve, supporting resilient operations through the price cycle For personal use only Spodumene concentrate 2025 cash cost curve1 800 Benchmark Mineral Intelligence Q3 2023, US$/t concentrate 700 600 Ewoyaa is expected to be one
Slide 15: Available Lithium Products
AVAILABLE LITHIUM PRODUCTS 100% Spodumene Assessing opportunities For personal use only Concentrate Available Modular DMS Pre-Production 1.6% Li2O 100% Assessing opportunities Secondary Product Available 50% 180,000tpa (LOM) Committed Spodumene 30% 100,000tpa (3-5 years) 3.6Mt Concentrate Near-term
Slide 16: Project – Process Plant Strategy
PROJECT – PROCESS PLANT STRATEGY Aiming to deliver Ewoyaa as a near-term, low-cost producer For personal use only DFS Value addition potential Modular DMS DMS Plant Flotation Feldspar Enhanced Ore Plant Recovery Early revenue Feldspar to be Later generation Conventional Flotation circuit to supplied
Slide 17: Our Partners
For personal use only OUR PARTNERS 15 15
Slide 18: Piedmont Funding and Offtake Agreement
PIEDMONT FUNDING AND OFFTAKE AGREEMENT Piedmont Lithium earn-in – Atlantic Lithium maintains operatorship For personal use only OTHER KEY ITEMS Funding of Regional Exploration and DFS (>US25m) Development expenditure funding (>US$120m): • Initial earn in of 22.5% of Atlantic’s Ghana • Sole funding:
Slide 19: MIIF Strategic Investment
MIIF STRATEGIC INVESTMENT MIIF to support development of Ewoyaa and broader lithium portfolio in Ghana – Subscription completed; Ghana Portfolio investment to be completed For personal use only TopCo Subscription at listed COMPLETE US$5m company Level - 19,245,574 Atlantic Lithium shares at US$0.259
Slide 20: Competitive Offtake Partnering Process Underway
COMPETITIVE OFFTAKE PARTNERING PROCESS UNDERWAY Preferred Terms • Attract funding offers to expediate Ewoyaa development and For personal use only realise Project value • Secure well-credentialled partner • Enhance relationships across battery supply chain 3-5 year Pre-payment 500Mt Favorable pricin
Slide 21: Funding Breakdown
FUNDING BREAKDOWN For personal use only Total Capex Atlantic Lithium funding requirement Page 19
Slide 22: Catalysts for Growth
For personal use only CATALYSTS FOR GROWTH 20 20
Slide 23: Ewoyaa Resource Growth
EWOYAA RESOURCE GROWTH Grade maintained over Resource upgrades; MRE upgrade expected in H2 2024 use only 40 Drilling 35.3 Mt programme 1.26% Li2O underway 35 30.1 Mt 1.26% Li2O 30 Resource (Mt) For personal 25 21.3 Mt 13km2 1.31% Li2O drilled to 20 14.5 Mt date 15 1.31% Li2O 10 5 97% of portfolio 0
Slide 24: Highly Prospective, Under-Explored Portfolio
HIGHLY PROSPECTIVE, UNDER-EXPLORED PORTFOLIO For personal use only Adjacent to grid power and N1 highway Within 100km of Accra Mining Lease Area Within 110km of operational deep-sea port of Takoradi ASX: A11; AIM: ALL; OTCQX: ALLIF Page 22
Slide 25: High Priority Targets Close to Lease Area
HIGH PRIORITY TARGETS CLOSE TO LEASE AREA For personal use only Drilling to-date focused on c. 2km radius from planned mine site Further resource growth drilling planned Awaiting assays from Dog-Leg target; potential to add significant near-surface tonnes to current MRE ASX: A11; AIM: ALL; OTCQX: AL
Slide 26: Near-Term Value Drivers
NEAR-TERM VALUE DRIVERS For personal use only Mining Lease ratification Completion of Offtake Partnering Process Completion of MIIF Ghana Portfolio investment Award key contracts (incl. EPCM, Mining, DMS unit) Ghana Stock Exchange listing Final Investment Decision EPA Permit Breaking ground Licence
Slide 27: Appendix
For personal use only Appendix
Slide 28: Reserves and Resources
RESERVES AND RESOURCES Grade For personal use only Mineral Reserves**** Tonnes (Mt) (% Li2O) Probable 25.6 1.22 Grade Mineral Resources* Tonnes (Mt) (% Li2O) Measured 3.5 1.37 Indicated 24.5 1.25 Inferred 7.4 1.16 Total 35.3 1.25 * Refer to important and cautionary statement on Page 2 and MRE releas
Slide 29: Targeted Spodumene Production Capacity
TARGETED SPODUMENE PRODUCTION CAPACITY Announcement Targeted production capacity Company Company code Project name Development stage*** Asset location Announcement title date (ktpa, 100% basis)* IGO IGO (ASX) Greenbushes Production Australia Diggers and Dealers Mining Forum Presentation 9-Aug-23 2,0
Slide 30: Atlantic Lithium Limited contact details
For personal use only http://www.atlanticlithium.com.au/ info@atlanticlithium.com.au Atlantic Lithium Limited Level 17, Angel Place, 123 Pitt Street, Sydney, NSW 2000
Atlantic Lithium — Paydirt Battery Minerals Conference 2024 on 6ix