Atlantic Lithium Limited. · LSE:ALL

Atlantic Lithium — Investor Presentation (March 2023)

16 slides from Atlantic Lithium's investor presentation, March 2023

  1. Slide 1: Investor Presentation March 2023

    Investor Presentation March 2023 CHARGING THE CHANGE

  2. Slide 2: Important & Cautionary Statement

    IMPORTANT & CAUTIONARY STATEMENT 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 Lithium Limited (the “C

  3. Slide 3: Building Ghana's First Lithium Mine

    BUILDING GHANA’S FIRST LITHIUM MINE 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 Significant upside Establis

  4. Slide 4: Corporate Snapshot

    CORPORATE SNAPSHOT Capital Structure Major Shareholders Issued Capital: 605.7m Top 20 Shareholders: 73.14% Assore Int. Holdings 54.50m 2.7m 662.9m 25.06% Options Performance Rights Fully-diluted share capital Other Piedmont Lithium Inc 56.29% 9.39% Electrification and US$305m US$14m Decarbonization

  5. Slide 5: Tier 1 ESG Fundamentals

    TIER 1 ESG FUNDAMENTALS Low power Adjacent grid power requirements Highly skilled DMS only Ghanaian workforce 110 km to existing Minimal footprint deep sea port Local hydro and solar power opportunities Strong local partners ATLANTIC LITHIUM LIMITED 5

  6. Slide 6: Acting in the Best Interests of Local Communities

    ACTING IN THE BEST INTERESTS OF LOCAL COMMUNITIES Regeneration nurseries Community consultations and revegetation Work and education programmes Ongoing environmental monitoring ESIA underway Event sponsorship Equipment provision Medical donations ATLANTIC LITHIUM LIMITED 6

  7. Slide 7: The Atlantic Connection

    THE ATLANTIC CONNECTION Serving the growing North American EV market from West Africa OFFTAKE PARTNERS 50% Agreed OEMs 50% Battery gigafactories 255,000tpa Available SC6 production Traders Chemical processors ATLANTIC LITHIUM LIMITED 7

  8. Slide 8: Ewoyaa Lithium Pegmatite Discovery in Ghana

    EWOYAA LITHIUM PEGMATITE DISCOVERY IN GHANA 35.3Mt @ 1.25% Li2O (JORC 2012) 18.9Mt @ 1.24% Li2O Reserve Coarse spodumene concentrate (based on previous Resource and 3.5Mt @ 1.37% Li2O (Measured) Pre-Feasibility Study*) 24.5Mt @ 1.25% Li2O (Indicated) Mining Licence application lodged Gross Tonnes Gr

  9. Slide 9: Ghana & Cote d'Ivoire Lithium Portfolio

    GHANA & COTE D’IVOIRE LITHIUM PORTFOLIO Combined 1,334km2 portfolio secured Ghana & CDI Portfolio insert via earn-in & application (see insert) 560km2 Ghana portfolio within 110km of Takoradi port and 100km of Accra Coarse spodumene dominant pegmatite 137,000m drilled to date Deep Sea Port at Takora

  10. Slide 10: Coarse Spodumene – Broad Widths

    COARSE SPODUMENE – BROAD WIDTHS Coarse spodumene in outcrop Coarse spodumene pegmatite drill core ATLANTIC LITHIUM LIMITED 10

  11. Slide 11: Simple Metallurgy – Premium SC6 Product

    SIMPLE METALLURGY – PREMIUM SC6 PRODUCT Metallurgy HLS Synthesis >6% spodumene concentrate at 10mm crush via conventional DMS Heavy Liquid Separation recoveries up to 90% Low contaminants; <1% Fe203, <3% combined Na2O & K2O Simple gravity process flow sheet; No early flotation Low capital intensity

  12. Slide 12: Pre-Feasibility Study Delivers Robust Project Economics

    PRE-FEASIBILITY STUDY DELIVERS ROBUST PROJECT ECONOMICS+ 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 224% Payback < 5 mont

  13. Slide 13: Pathway to Production

    PATHWAY TO PRODUCTION Delivering Ghana’s first lithium mine 2023 2024 2025 MRE Update DMS Plant Transmission Commence Mobilise Site power Commissioning Resource: 35Mt & line construction and start-up FEED earthworks mining available Reserve: 28Mt Stage 1 DFS contractor Stage 1 Ramp Up Early Procurem

  14. Slide 14: Next Steps

    NEXT STEPS Significant value potential to be unlocked Exploration upside within existing DFS to incorporate updated MRE West Africa portfolio Considering higher throughput New acquisitions using proven at Ewoyaa experience and strategy ATLANTIC LITHIUM LIMITED 14

  15. Slide 15: Atlantic Lithium at a Glance

    ATLANTIC LITHIUM AT A GLANCE Flagship Project Strong Cash Position Ewoyaa, Ghana - 35.3Mt @ 1.25% Li2O c. US$14m 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 / Successful battery Maiden Ore Re

  16. Slide 16: Atlantic Lithium Limited contact details

    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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