Atlantic Lithium Limited. · LSE:ALL
Atlantic Lithium — Investor Presentation (April 2024)
28 slides from Atlantic Lithium's investor presentation, Apr 16, 2024
Slide 1: Investor Presentation
ASX:A11 AIM:ALL OTCQX:ALLIF INVESTOR PRESENTATION April 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 Ore Reserves, Mineral similar expressions. Persons reading the Slides are cautioned that such Atlantic Lithium Limited
Slide 3: Table of Contents
TABLE OF CONTENTS 04 CORPORATE SNAPSHOT 07 OUR PROJECT 15 OUR PARTNERS 20 CATALYSTS FOR GROWTH PRESENTER Keith Muller 3 Chief Executive Officer
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT ATLANTIC LITHIUM
Slide 5: Capital Structure
CAPITAL STRUCTURE Shareholdings 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 Capitalisation (A$0.38
Slide 6: Strong Outlook for Lithium Market
STRONG OUTLOOK FOR LITHIUM MARKET Forecast Base Case and High Case Lithium Demand versus Forecast Supply 1 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; OTCQX: ALLIF 2 Source
Slide 7: Our Project
OUR PROJECT ATLANTI LITHIUM
Slide 8: Building Ghana's First Lithium Mine
BUILDING GHANA’S FIRST LITHIUM MINE 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 listing • DFS - Strong comm
Slide 9: Key Metrics
KEY METRICS* Economic outcomes place Ewoyaa as an industry-leading asset 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 US$1,410/t long-term
Slide 10: Globally Significant Asset
GLOBALLY SIGNIFICANT ASSET Targeted spodumene concentrate production capacity (ktpa, 100% basis)* Production Development+ 3rd Exploration Largest anticipated production Anticipated steady state capacity in Africa production of 365ktpa 5th Largest developer by anticipated production capacity 365 10th
Slide 11: Metallurgy Delivers Premium Product
METALLURGY DELIVERS PREMIUM PRODUCT Two clearly defined geometallurgical domains: TONNAGE GRADE CONT. CONT. Coarse grained LITHIUM LITHIUM P1 spodumene material (>20mm) ORE TYPE Mt % Li2O kt % P1 31.3 1.27 398 90 P2 4 1.06 42 10 Coarse Grained P1 & fine P2 pegmatites Total 35.3 1.25 440 100 • Simple
Slide 12: Competitive Operational Cost
COMPETITIVE OPERATIONAL COST Competitively placed on the spodumene cost curve, supporting resilient operations through the price cycle Spodumene concentrate 2025 cash cost curve1 800 Benchmark Mineral Intelligence Q3 2023, US$/t concentrate 700 600 Ewoyaa is expected to be one C1 cash cost (US$/t SC
Slide 13: Available Lithium Products
AVAILABLE LITHIUM PRODUCTS 100% Spodumene Assessing opportunities 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 Offtake Partner Main D
Slide 14: Project – Process Plant Strategy
PROJECT – PROCESS PLANT STRATEGY Aiming to deliver Ewoyaa as a near-term, low-cost producer 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 into local stage oppo
Slide 15: Our Partners
OUR PARTNERS ATLANTI LITHIUM
Slide 16: Piedmont Funding and Offtake Agreement
PIEDMONT FUNDING AND OFFTAKE AGREEMENT Piedmont Lithium earn-in – Atlantic Lithium maintains operatorship 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: Initial US$70m of deve
Slide 17: 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 TopCo Subscription at listed COMPLETE US$5m company Level - 19,245,574 Atlantic Lithium shares at US$0.2598 per share Key Ghanai
Slide 18: Competitive Offtake Partnering Process Underway
COMPETITIVE OFFTAKE PARTNERING PROCESS UNDERWAY Preferred Terms • Attract funding offers to expediate Ewoyaa development and realise Project value • Secure well-credentialled partner • Enhance relationships across battery supply chain 3-5 year Pre-payment 500Mt Favorable pricing • Considering potent
Slide 19: Funding Breakdown
FUNDING BREAKDOWN Total Capex Atlantic Lithium funding requirement Page 19
Slide 20: Catalysts for Growth
CATALYSTS FOR GROWTH ATLANTIC LITHIUM
Slide 21: Ewoyaa Resource Growth
EWOYAA RESOURCE GROWTH Grade maintained over Resource upgrades; MRE upgrade expected in H2 2024 40 Drilling 35.3 Mt programme 1.26% Li2O underway 35 30.1 Mt 1.26% Li2O 30 Resource (Mt) 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 undrilled Jan 2020 Dec
Slide 22: Highly Prospective, Under-Explored Portfolio
HIGHLY PROSPECTIVE, UNDER-EXPLORED PORTFOLIO 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 23: High Priority Targets Close to Lease Area
HIGH PRIORITY TARGETS CLOSE TO LEASE AREA 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: ALLIF Page 23
Slide 24: Near-Term Value Drivers
NEAR-TERM VALUE DRIVERS 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 to operate - Mine Oper
Slide 25: Appendix
ATLANTIC LITHIUM Appendix
Slide 26: Reserves and Resources
RESERVES AND RESOURCES Grade Mineral Reserves**** Tonnes (Mt) (% Li2O) Probable 25.6 1.22 Grade Mineral Resources* Tonnes (Mt) (% Li2O) Measured 3.5 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 dated 1 February 202
Slide 27: 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 28: 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
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