Atlantic Lithium Limited. · LSE:ALL
Atlantic Lithium — Canaccord Genuity Conference 2023
22 slides from Atlantic Lithium's conference presentation, May 9, 2023
Slide 1: Investor Presentation May 2023
For personal use only Investor Presentation May 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 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
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 Lease process Economics underway September 2022 PFS* DFS underway Strong ESG delivers exceptional Credentials financial outcomes Industry stand-out Significa
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Capital Structure Major Shareholders For personal use only Issued Capital: 609.2m Top 20 Shareholders: 68.5% Assore Int. Holdings 58m 2.7m 669.9m 25.06% Options Performance Rights Fully-diluted share capital Other 63.46% Piedmont Lithium Inc 9.39% US$249m US$11m Market Capitalisat
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: Global Net Zero Target Driving EV & Lithium Demand
GLOBAL NET ZERO TARGET DRIVING EV & LITHIUM DEMAND Global EV Sales (Cars) Lithium Production & Projected Demand 2010-2022 in Climate-driven Scenarios For personal use only Kt 2021 – 2030 12,000,000 800 10,000,000 700 600 8,000,000 500 6,000,000 400 4,000,000 300 200 2,000,000 100 0 0 2010 2011 2012
Slide 8: Ewoyaa Lithium Pegmatite Discovery in Ghana
EWOYAA LITHIUM PEGMATITE DISCOVERY IN GHANA Updated MRE** 18.9Mt @ 1.24% Li 2O Reserve (based on previous Resource and 35.3Mt @ 1.25% Li 2O (JORC 2012) Pre-Feasibility Study*) For personal use only • 3.5Mt @ 1.37% Li2O (Measured) Mining Lease process underway • 24.5Mt @ 1.25% Li2O (Indicated) Gross
Slide 9: 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 10: Simple Metallurgy Delivers Premium SC6 Product
SIMPLE METALLURGY DELIVERS PREMIUM SC6 PRODUCT Coarse spodumene For personal use only 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 11: Exceptional Logistics
EXCEPTIONAL LOGISTICS Sealed road within 1km of deposit footprint For personal use only 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 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 For personal use only US$1,359/t SC6 2Mtpa ROM NPV8 US$1.33bn (post tax) IRR
Slide 13: The Atlantic Connection
THE ATLANTIC CONNECTION Serving the growing North American and European EV market from West Africa For personal use only OFFTAKE PARTNERS 50% Agreed OEMs 50% Battery gigafactories 255,000tpa Available SC6 production Traders Chemical processors ATLANTIC LITHIUM LIMITED 13
Slide 14: Piedmont Funding Agreement
PIEDMONT FUNDING AGREEMENT Route to market secured Piedmont Partnership – Atlantic maintains control For personal use only STAGE 1 STAGE 3 EWOYAA FUNDING (US$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 15: 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 For personal use only ESIA underway Event sponsorship Equipment provision Medical donations ATLANTIC LITHIUM LIMITED 15
Slide 16: 2023 Exploration and Resource Programmes
2023 EXPLORATION AND RESOURCE PROGRAMMES Regional Exploration, Resource Growth & Infill Drilling 1. Exploration Programme 20,000m of auger drilling within Project area and broader Cape For personal use only Coast Lithium Portfolio - now underway at the Assan target Passive seismic geophysics survey
Slide 17: Exploration Upside Multiple Targets Defined
EXPLORATION UPSIDE MULTIPLE TARGETS DEFINED Only 15km2 of 560km2 (~3%) tenure portfolio drilled to date; For personal use only predominantly within Ewoyaa corridor Regional target definition; Multiple untested targets See map below Helicopter geophysics and grid soils completed over Cape Coast licen
Slide 18: Staged Development
STAGED DEVELOPMENT Increasing metal recovery and improving plant efficiency Stage 1 – DFS Project Development: For personal use only 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 19: 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 20: Key Milestones Ahead
KEY MILESTONES AHEAD For personal use only Corporate Exploration Project development Submission of Mining Lease application Pre-Feasibility Study FEED Increased Mineral Resource Estimate to 35.3Mt Key team member appointments Definitive Feasibility Study @ 1.25% Funding arrangement: investment, offt
Slide 21: 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 Pre-Feasibility Study* Proven Premium Product Post-Tax NPV US$1.33bn High grade SC6 with low Internal Rate of Return 224% contaminants / Successf
Slide 22: Atlantic Lithium Limited contact details
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