Atlantic Lithium Limited. · LSE:ALL
Atlantic Lithium — Investor Presentation (November 2024)
27 slides from Atlantic Lithium's investor presentation, Nov 20, 2024
Slide 1: Investor Presentation
ASX:A11 AIM:ALL GSE:ALLGH OTCQX:ALLIF INVESTOR PRESENTATION November 2024 1
Slide 2: 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 Exploration Results, Ore similar expressions. Persons reading the Slides are cautioned that such Atlantic Lithium Limit
Slide 3: Advantageous Position
ADVANTAGEOUS POSITION Poised to capitalise on rapidly growing lithium market Low capital and Strong partner support Exceptional existing infrastructure Proven mine build operating cost profile and operatorship experience Advancing towards Commercial strategy focused on DFS refinement and Disciplined
Slide 4: Lithium Demand
LITHIUM DEMAND Strong Year-on-Year EV growth globally • 2024 EV sales expected to surpass 2023 by more than 20%1, led by China Forecast Lithium Demand (MT, million)3 • North America and Europe to account for ~42% of lithium- ion battery cell demand by 20302 • Fundamental need for new production Li-i
Slide 5: Low-Cost Project
LOW-COST PROJECT Robust operating cost versus current producers1 1,200 1,012 1,000 800 US$/dmt SC6.0% 720 647 674 600 520 523 ($255) 460 408 400 392 ($382) 200 192 138 - Ewoyaa (Y1-Y3) Ewoyaa (LOM) Greenbushes Grota do Cirilo Pilgangoora Mt Marion Wodgina Mt Cattlin North American Lithium Project Se
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT 6
Slide 7: Building Ghana's First Lithium Mine
BUILDING GHANA’S FIRST LITHIUM MINE On Track to Deliver • Mining Lease granted • EPA Permit received Strong Project • Mine Operating Permit Credentials received • Access to infrastructure Excellent Project • Minimal footprint • Funding - Offtake partnerships Economics • A project for Ghana and • MII
Slide 8: Capital Structure
CAPITAL STRUCTURE Issued Capital: 659.1m Top 20 Shareholders: 67.1% 22.7m 9m 690.8m Assore Int. Holdings 27.2% Options (WAP: 42p/83c) Performance Rights Fully-diluted share capital Piedmont Lithium Inc 4.9% Fidelity International Limited A$145m – US$94m – GBP74m 3.7% Minerals Income Investment Fund
Slide 9: Strong Partner Support
STRONG PARTNER SUPPORT • Cornerstone investor since 2015 AIM IPO • International project development, mining and marketing expertise • Increased stake in October 2024 Equity Placing • US$5m Subscription – completed January 2024 MINERALS INCOME • US$27.9m Project-level investment – underway INVESTMEN
Slide 10: Proven Leadership
PROVEN LEADERSHIP Significant mine build and operating experience; globally and in Ghana specifically Neil Herbert Keith Muller Amanda Harsas Executive Chairman Chief Executive Officer Finance Director & Company Secretary • 25+ years’ experience in growing natural • 20+ years’ expertise in internati
Slide 11: Our Project
OUR PROJECT 11
Slide 12: Key Metrics
KEY METRICS* Economic outcomes place Ewoyaa as an industry-leading asset 3.6Mt 12-year 365ktpa Spodumene Life of Mine Steady State concentrate Production GHANA 4.7Mt US$377/t US$675/t Secondary Product C1 Cash Operating Cost All in Sustaining Cost Ewoyaa Lithium (Low-grade Li2O) FOB Ghana Port Proje
Slide 13: Simple DMS Processing
SIMPLE DMS PROCESSING 3-stage crushing to maximise recovery 2.7Mt throughput; simple DMS processing Low energy and water intensity ASX: A11; AIM: ALL; GSE: ALLGH; OTCQX: ALLIF 13
Slide 14: Exceptional Existing Infrastructure
EXCEPTIONAL EXISTING INFRASTRUCTURE N1 highway within 1km of deposit footprint Adjacent grid power; hydro power, thermal plants, solar power Skilled labour market on doorstep Proximity to Takoradi and Tema ports Leading mining, engineering and geology universities Strong community relations ASX: A11
Slide 15: Completing Permitting
COMPLETING PERMITTING Ewoyaa on track to become one of the largest hard rock spodumene concentrate mines* Mining Lease represents major de-risking milestone Alignment with the Government’s Green Minerals Policy Partner of choice in Ghana’s long-term lithium value chain objectives Terms maintain the
Slide 16: Our Strategy
OUR STRATEGY 16
Slide 17: Commercial Strategy - Lithium Products
COMMERCIAL STRATEGY - LITHIUM PRODUCTS Attract funding offers to expediate Ewoyaa Enhance relationships across battery supply chain development and realise project value Secure well-credentialled partners Considering potential broader strategic collaboration 50% 180,000tpa Committed Spodumene 3.6Mt
Slide 18: Our Exploration
OUR EXPLORATION 18
Slide 19: Highly Prospective, Under-Explored Portfolio
HIGHLY PROSPECTIVE, UNDER-EXPLORED PORTFOLIO Egyasimanku Hill Li occurrence 509km² (non-JORC) Ghana portfolio Mining Lease Area 100km to Accra and 110km to Takoradi port EWOYAA 36.8Mt @ 1.24% Li2O (JORC) ASX: A11; AIM: ALL; GSE: ALLGH; OTCQX: ALLIF 19
Slide 20: Ewoyaa Resource Growth
EWOYAA RESOURCE GROWTH Grade maintained over resource upgrades; 81% of MRE in higher confidence Measured and Indicated categories 40 36.8 Mt @ 100 35.3 Mt @ 1.24% Li2O % of Total Resource in Measured & Indicated 1.25% Li2O 90 35 30.1 Mt @ 1.26% Li2O 80 30 81% 70 Resource (Mt) 79% 25 21.3 Mt @ M&I 70
Slide 21: Cote d'Ivoire – Untested Tenure
COTE D’IVOIRE – UNTESTED TENURE 771km² portfolio Extensive existing infrastructure 80km to port of Abidjan ASX: A11; AIM: ALL; GSE: ALLGH; OTCQX: ALLIF 21
Slide 22: Catalysts Driving Value
CATALYSTS DRIVING VALUE 22
Slide 23: Major Milestones
MAJOR MILESTONES Now complete EPA Permit Mine Operating Permit Rezoning - Land Use for Mining Mining Lease Ratification Completion of MIIF Strategic Project Investment Final Investment Decision Award Key Contracts (including EPCM and Mining) Breaking Ground ASX: A11; AIM: ALL; GSE: ALLGH; OTCQX: ALL
Slide 24: Appendix
ATLANTIC LITHIUM Appendix
Slide 25: Reserves and Resources
RESERVES AND RESOURCES Grade Mineral Reserves**** Tonnes (Mt) (% Li2O) Probable 25.6 1.22 Grade Mineral Resources* Tonnes (Mt) (% Li2O) Measured 3.7 1.37 Indicated 26.1 1.24 Inferred 7.0 1.15 Total 36.8 1.24 * Refer to important and cautionary statement on Page 2 and MRE release dated 30 July 2024 *
Slide 26: Comparative Operating Costs
COMPARATIVE OPERATING COSTS Announcement SC6 Cash Unit Cost Company Company Code Project Name* Development Stage Asset Location Announcement Title Date US$/dmt SC6 Atlantic Lithium A11 (ASX) Ewoyaa Development Ghana Mining Lease Granted for Ewoyaa Lithium Project 20-Oct-23 647 IGO IGO (ASX) Greenbus
Slide 27: Atlantic Lithium Limited contact details
http://www.atlanticlithium.com.au/ info@atlanticlithium.com.au Atlantic Lithium Limited Level 17, Angel Place, 123 Pitt Street, Sydney, NSW 2000 27
Atlantic Lithium — Investor Presentation (November 2024) on 6ix