Slide 1: Investor Presentation April 2023
For personal use only Investor Presentation April 2023 CHARGING THE CHANGE
Slide 2: Important & Cautionary Statement
IMPORTANT & CAUTIONARY STATEMENT For personal use only Important notice Cautionary Statements These presentation slides (the “Slides”) have been prepared by Atlantic The information in the Slides that relates to the estimation and Forward-looking information is developed based on assumptions about L
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 Excellent Project Mining Licence Economics application lodged September 2022 PFS* DFS underway Strong ESG delivers exceptional Credentials financial outcomes Industry stand-out Signi
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Capital Structure Major Shareholders Issued Capital: 605.7m Top 20 Shareholders: 68.5% Assore Int. Holdings 54.50m 2.7m 662.9m 25.06% Options Performance Rights Fully-diluted share capital Other 60.10% Piedmont Lithium Inc 9.39% A$303m A$19.1m Market Capitali
Slide 5: Board and Management
BOARD AND MANAGEMENT For personal use only BOARD Neil Herbert Lennard Kolff Amanda Harsas Executive Chairman Chief Executive Officer Finance Director and Company Secretary Stu Crow Kieran Daly Christelle van der Merwe Senior Non-Executive Director Non-Executive Director Non-Executive Director MANAGE
Slide 6: Our Vision
OUR VISION A sustainable lithium supply with For personal use only positive social impact to support the global transition to a carbon neutral future. ATLANTIC LITHIUM LIMITED LTD. 6
Slide 7: Ewoyaa Lithium Pegmatite Discovery in Ghana
EWOYAA LITHIUM PEGMATITE DISCOVERY IN GHANA Updated MRE** 18.9Mt @ 1.24% Li 2O Reserve For personal use only (based on previous Resource and 35.3Mt @ 1.25% Li 2O (JORC 2012) Pre-Feasibility Study*) 3.5Mt @ 1.37% Li 2O (Measured) Mining Licence application lodged 24.5Mt @ 1.25% Li 2O (Indicated) Gros
Slide 8: Ghana Ewoyaa Lithium Project – Best in Class
GHANA EWOYAA LITHIUM PROJECT – BEST IN CLASS For personal use only Strategic location Sustainability Exceptional financial outcomes* • Established mining jurisdiction • Low carbon footprint – low • Life of Mine revenues power requirements and short exceeding US$4.84bn • Coastal location transport di
Slide 9: Simple Metallurgy Delivers Premium SC6 Product
SIMPLE METALLURGY DELIVERS PREMIUM SC6 PRODUCT For personal use only Coarse spodumene Simple gravity process flow sheet >6% spodumene concentrate at 10mm crush via conventional DMS Heavy Liquid Separation recoveries up to 90% Coarse spodumene in Coarse spodumene pegmatite drill outcrop core Low cont
Slide 10: Exceptional Logistics
EXCEPTIONAL LOGISTICS Sealed road within 1km of deposit For personal use only footprint 110km from project footprint to Takoradi port Takoradi Port currently exports 3Mt of Mn and approx. 1Mt Bx per year from existing facilities with available capacity Port being re-developed as a major West African
Slide 11: Pre-Feasibility Study Delivers Robust Project Economics
PRE-FEASIBILITY STUDY DELIVERS ROBUST PROJECT ECONOMICS+ For personal use only Pre-Feasibility Study* - 100% Project Basis Ultimate mining operation overview showing all associated project development infrastructure Based on: 30.1Mt @ 1.26% Li2O US$1,359/t SC6 2Mtpa ROM NPV8 US$1.33bn (post tax) IRR
Slide 12: The Atlantic Connection
THE ATLANTIC CONNECTION Serving the growing North American and European EV market from West Africa For personal use only OFFTAKE PARTNERS 50% Agreed OEMs 50% Battery gigafactories 255,000tpa Available SC6 production Traders Chemical processors ATLANTIC LITHIUM LIMITED 12
Slide 13: Piedmont Funding Agreement
PIEDMONT FUNDING AGREEMENT Route to market secured For personal use only Piedmont Partnership – Atlantic maintains control STAGE 1 STAGE 3 EWOYAA FUNDING (US$m) OTHER KEY TERMS Initial Investment into Atlantic Funding of Capex PLL ALL Lithium Limited (c. US$16m) - Initial US$70m – Sole funding Pre 3
Slide 14: Acting in the Best Interests of Local Communities
ACTING IN THE BEST INTERESTS OF LOCAL COMMUNITIES For personal use only Regeneration nurseries Community consultations and revegetation Work and education programmes Ongoing environmental monitoring ESIA underway Event sponsorship Equipment provision Medical donations ATLANTIC LITHIUM LIMITED 14
Slide 15: 2023 Exploration and Resource Programmes
2023 EXPLORATION AND RESOURCE PROGRAMMES Regional Exploration, Resource Growth & Infill Drilling For personal use only 1. Exploration Programme 20,000m of auger drilling within Project area and broader Cape Coast Lithium Portfolio - now underway at the Assan target Passive seismic geophysics survey
Slide 16: Exploration Upside Multiple Targets Defined
EXPLORATION UPSIDE MULTIPLE TARGETS DEFINED For personal use only Only 15km2 of 560km2 (~3%) tenure portfolio drilled to date; predominantly within Ewoyaa corridor Regional target definition; Multiple untested targets See map below Helicopter geophysics and grid soils completed over Cape Coast licen
Slide 17: Staged Development
STAGED DEVELOPMENT Increasing metal recovery and improving plant efficiency For personal use only Stage 1 – DFS Project Development: Crush and screen to 3 size fractions (from 1-10mm) to improve cyclone performance Retain sales of natural occurring fines as a DSO by-product Model various mine throug
Slide 18: Pathway to Production
PATHWAY TO PRODUCTION Targeting first concentrate 2025 For personal use only MRE Update DMS Plant Transmission Commence Mobilise Site power Commissioning Resource: 35Mt & FEED line construction earthworks mining available and start-up Reserve: 28Mt Stage 1 DFS contractor Stage 1 Ramp Up Operational
Slide 19: Next Steps
NEXT STEPS For personal use only Significant value upside in 2023 Exploration and resource programme upside Mining Lease grant DFS to incorporate updated Permitting milestones MRE** and consider throughput scenarios at Ewoyaa Build out leadership team ** Refer to important and cautionary statement o
Slide 20: Atlantic Lithium at a Glance
ATLANTIC LITHIUM AT A GLANCE For personal use only Flagship Project Strong Cash Position Ewoyaa, Ghana - 35.3Mt @ 1.25% Li2O** c. A$19.1m for future growth Pre-Feasibility Study* Proven Premium Product Post-Tax NPV US$1.33bn High grade SC6 with low Internal Rate of Return 224% contaminants / Success
Slide 21: 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