Atlantic Lithium Limited. · LSE:ALL
Atlantic Lithium — Investor Presentation (September 2023)
24 slides from Atlantic Lithium's investor presentation, Sep 7, 2023
Slide 1: Investor Presentation September 2023
For personal use only Investor Presentation September 2023 CHARGING THE CHANGE
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 Ore Reserves, Mineral Forward-looking information is developed based on assumptions about For personal use only Atlanti
Slide 3: Building Ghana's First Lithium Mine
BUILDING GHANA’S FIRST LITHIUM MINE For personal use only On Track to Deliver • Funding partner and 50% offtake secured Strong Project • Mining Lease (“ML”) Credentials process underway Excellent Project • Access to infrastructure Economics • Minimal footprint • June 2023 DFS** • A project for Ghana
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Capital Structure Major Shareholders For personal use only Issued Capital: 612.2m Top 20 Shareholders: 69.91% 34m 646.2m Assore Int. Holdings Options Fully-diluted share capital 25.27% A$245m / US$156M Piedmont Lithium Inc 9.29% Market Capitalisation (40c)1 Board & Management 2.96
Slide 5: Board and Management
BOARD AGEMENT AND MANAGEMENT For personal use only Neil Herbert Keith Muller Amanda Harsas Lennard Kolff Executive Chairman Chief Executive Officer Finance Director & Company Secretary Head of Business Development & Chief Geologist Patrick Brindle Kieran Daly Christelle van der Merwe Non-Executive D
Slide 6: Our Vision
OUR VISION A responsible lithium supply with For personal use only positive social impact to support the global transition to a carbon neutral future. Page 6
Slide 7: 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 8: Strong Project Fundamentals
STRONG PROJECT FUNDAMENTALS For personal use only Adjacent grid power and highway DMS only Highly skilled Low water and Ghanaian workforce energy intensity 110km to existing Minimal footprint deep sea port Proximity to offtake Strong local partners Page 8
Slide 9: 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 10: Ewoyaa Processing Plant
EWOYAA PROCESSING PLANT For personal use only 2.7Mt Processing Facility 105% pa Capital Cost Crushing to 3 sizes with a max. 10mm size to maximise IRR recovery Additional opportunities through potential feldspar and flotation circuit Page 10
Slide 11: DFS Key Metrics
DFS KEY METRICS* DFS reaffirms Ewoyaa as industry-leading asset 12-year 12-year For personal use only 365ktpa US$1.5bn 19-month Steady state production NPV8 Life of Mine Payback period US$6.6bn 4.7Mt US$185m 105% LOM revenues Secondary Product Capital Cost IRR (Low-grade Li2O) GHANA US$1,587/t LOM c
Slide 12: DFS Indicates Low Capital Intensity
DFS INDICATES LOW CAPITAL INTENSITY US$63.7/t - among the industry’s lowest For personal use only Total Capex Piedmont US$128m • Piedmont funding c. 70% of capex • 50% available offtake to fund remaining capex • Piedmont sole funding through to July 2024 • Early modular DMS revenue to reduce peak ca
Slide 13: Revenue Generating Pre-Production
REVENUE GENERATING PRE-PRODUCTION Modular DMS Unit For personal use only • Limits peak funding requirement • Opportunity to train staff ahead of full operations • De-risking from DSO market US$15m Investment Product Spodumene Secondary Product Concentrate (low-grade Li2O) Year 1 production 38kt 171k
Slide 14: Industry Leading Opex
INDUSTRY LEADING OPEX For personal use only Cash Cost (net by-product credit) Concentrate Price AISC 3000 PFS DFS 2500 76% 94% US$/t 2000 1500 1000 500 ore processed ore processed 0 considered as reserves considered as reserves Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year Year
Slide 15: Near-Term Offtake Available
NEAR-TERM OFFTAKE AVAILABLE Serving the growing North American and European EV market from West Africa For personal use only OFFTAKE PARTNERS SC6 50% Agreed OEMs SC5.5 50% Battery gigafactories Available Traders 3.6Mt* Chemical concentrate processors production * Based on DFS announcement; refer to
Slide 16: Pathway to Production
PATHWAY TO PRODUCTION Targeting first concentrate 2025 For personal use only MRE Update Transmission Commence earthworks & Commissioning DMS Plant Site power Resource: 35Mt (incl. FEED line construction mobilise mining contractor available and start-up 28Mt Measured & Indicated) DFS Deployment of Mo
Slide 17: Route to Market
ROUTE TO MARKET • Sealed road within 1km of deposit For personal use only footprint • 110km from Project footprint to operating deep-sea port of Takoradi: • Currently exports 3Mt of Mn and approx. 1Mt Bx per year from existing facilities • Available capacity • Tema port 140km east of the Project • G
Slide 18: Acting in the Interests of Local Communities
ACTING IN THE INTERESTS OF LOCAL COMMUNITIES •• Event For personal use only sponsorship Regeneration nurseries and revegetation • Work and education programmes • Medical donations • Community consultations • Ongoing environmental monitoring • Equipment provision Ensuring long-term benefits to stakeh
Slide 19: Exploration Upside
EXPLORATION UPSIDE Multiple targets defined • Only 15km of 560km (~3%) For personal use only 2 2 tenure portfolio drilled to date • Regional target definition; multiple untested High priority target zones targets • Helicopter geophysics and grid soils completed over Cape Coast license • Historical E
Slide 20: Atlantic Lithium at a Glance
ATLANTIC LITHIUM AT A GLANCE Flagship Project For personal use only Proven leadership team Ewoyaa, Ghana - 35.3Mt @ 1.25% Li2O* Lithium mine build and operating experience 25.6Mt at 1.22% Li2O Ore Reserve** Exploration and discovery expertise Experienced in-country team Definitive Feasibility Study*
Slide 21: Appendix
For personal use only Appendix
Slide 22: 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 release
Slide 23: 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 24: For personal use only
For personal use only http://www.atlanticlithium.com.au/ info@atlanticlithium.com.au Atlantic Lithium Limited Level 33, Australia Square, 264 George Street, Sydney, NSW 2000
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