Atlantic Lithium Limited. · LSE:ALL
Atlantic Lithium — Africa Down Under Conference 2023
18 slides from Atlantic Lithium's conference presentation, Sep 8, 2023
Slide 1: Investor Presentation - Charging the Change
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: 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 6: 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 7: 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 8: 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 9: MIIF Investment Secured
MIIF INVESTMENT SECURED Minerals Income Investment Fund of Ghana agrees non-binding Heads of Terms to support development of Ewoyaa Project and broader lithium portfolio For personal use only US$27.9m 6% contributing interest in Atlantic Lithium’s Cape Coast Lithium Portfolio subsidiaries US$32.9m t
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) DFS Deployment of Mo
Slide 11: 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 12: 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 13: 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 14: 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 14
Slide 15: Appendix
For personal use only Appendix
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
Slide 17: 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 18: 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