Atlantic Lithium Limited. · LSE:ALL
Atlantic Lithium — Investor Presentation (July 2023)
21 slides from Atlantic Lithium's investor presentation, Jul 4, 2023
Slide 1: Ewoyaa Lithium Project DFS Investor Presentation
For personal use only Ewoyaa Lithium Project DFS Investor Presentation July 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: 609.2m Top 20 Shareholders: 69.48% 58m 2.7m 669.9m Assore Int. Holdings Options Performance Rights Fully-diluted share capital 25.40% GBP192m / US$243M Piedmont Lithium Inc 9.34% Market Capitalisation (31.4
Slide 5: 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$1,587/t 4.7Mt US$185m 105% LOM concentrate Secondary product Capital Cost IRR price, FOB Ghana Port GHANA Ewoyaa
Slide 6: Simple Dense Media Separation
SIMPLE DENSE MEDIA SEPARATION 2.7Mt Crushing to 3 sizes For personal use only Processing Facility with a max. 10mm size to maximise pa recovery 105% 450,000t Capital Cost Modular DMS unit deployment processing IRR 450,000t of ore over first 9 months Additional opportunities through potential feldspa
Slide 7: DFS Maintains Low Capital Intensity
DFS MAINTAINS LOW CAPITAL INTENSITY 3% increase in capital intensity per tonne (US$62/t to US$63.7/t) For personal use only Page 7
Slide 8: Modest Opex
MODEST OPEX $M Unit cost $/dmt For personal use only Operating Cost Unit of measure (LOM) by activity concentrate PFS DFS Mining Contractor 1,550,248 $/t mined 3.82 432 76% Atlantic Mine 94% Management Processing 38,785 $/t mined 212,155 $/t processed 0.10 7.77 11 59 General and 168,758 $/dmt concen
Slide 9: Modular DMS Units
MODULAR DMS UNITS Revenue generating pre-production 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 Year 1 production 38kt 171kt Year 1 revenue
Slide 10: 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) Stage 1 DFS Stage 1a
Slide 11: The Atlantic Connection
THE ATLANTIC CONNECTION 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 impo
Slide 12: 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 13: Atlantic Lithium at a Glance
ATLANTIC LITHIUM AT A GLANCE Flagship Project Strong Cash Position For personal use only Ewoyaa, Ghana - 35.3Mt @ 1.25% Li2O* c. US$11m for future growth 25.6Mt at 1.22% Li2O Ore Reserve** Definitive Feasibility Study** Proven Premium Product 3.6Mt concentrate production over 12-yr LOM High-grade co
Slide 14: For personal use only
For personal use only http://www.atlanticlithium.com.au/ info@atlanticlithium.com.au Atlantic Lithium Limited Level 33, Australia Square, 264 George Street, Sydney, NSW 2000
Slide 15: Board and Management
BOARD AGEMENT AND MANAGEMENT For personal use only Neil Herbert Keith Muller Amanda Harsas Lennard Kolff Executive Chairman Chief Executive Officer Finance Director & Company Secretary Head of Business Development & Chief Geologist Patrick Brindle Kieran Daly Christelle van der Merwe Non-Executive D
Slide 16: Reserves and Resources
RESERVES AND RESOURCES Grade For personal use only Mineral Reserves Tonnes (Mt) (% Li2O) Probable 25.6 1.22 Grade Mineral Resources Tonnes (Mt) (% Li2O) Measured 3.5 1.37 Indicated 24.5 1.25 Inferred 7.4 1.16 Total 35.3 1.25 * Refer to important and cautionary statement on Page 2 and MRE release dat
Slide 17: Piedmont Funding Agreement
PIEDMONT FUNDING AGREEMENT Route To Market secured For personal use only Piedmont Partnership – Atlantic maintains control STAGE 1 STAGE 3 EWOYAA FUNDING (US$)m OTHER KEY TERMS Initial Investment into Atlantic Pre 30 June 2021 - PLL 11 ALL • If Stage 3 capex spend does Funding of Capex Lithium Limit
Slide 18: 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 19: Conventional Open Pit Mining Operation
CONVENTIONAL OPEN PIT MINING OPERATION EWOYAA LITHIUM PROJECT PIT LAYOUT For personal use only • Starter pits within 1km of processing plant • Mine plan includes 25.6Mt @ 1.22% Li O of Probable Ore Reserves and 2 1.7Mt @ 1.19% Li2O of Inferred Resources (6% of total plant feed) 60 Ewoyaa South Total
Slide 20: Concentrate Production
CONCENTRATE PRODUCTION 450 High volume of P2 ore For personal use only processed in Year 4 400 350 Upside potential from Resource to 300 Reserve conversion drilling programme 250 underway at Ewoyaa 200 South 2 to increase P1 ore to replace P2 150 100 50 kt 0 kt Year 1 Year 2 Year 3 Year 4 Year 5 Yea
Slide 21: Sensitivity
SENSITIVITY Mine plan and schedule to maximise recovery and NPV For personal use only Sensitivity to NPV8 (-25% + 25%) Li Price Head Grade Lithium Recovery All OPEX Mining Costs Transport Processing Costs Capital Costs 900 1100 1300 1500 1700 1900 2100 Page 21