Slide 1: Charging the Change - Investor Presentation November 2022
For personal use only CHARGING THE CHANGE Investor Presentation November 2022
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: Atlantic at a Glance
ATLANTIC AT A GLANCE For personal use only Flagship Project Strong Cash Position Ewoyaa, Ghana - 30.1Mt @ 1.26% Li2O c. US$16m for future growth “ Advancing Ewoyaa through studies to become Ghana's “ first lithium producing mine Pre-Feasibility Study* Post-Tax NPV US$1.33bn Proven Premium Product Hi
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Capital Structure Major Shareholders Issued Capital: 605.7m Top 20 Shareholders: 72.06% Assore Int. Holdings 50.50m 2.7m 658.9m 22.65% Options Performance Rights Fully-diluted share capital Other Piedmont Lithium Inc 58.42% 9.39% £280m / A$520m US$16m / A$23m
Slide 5: Board and Management
BOARD AND MANAGEMENT For personal use only Neil Herbert – Executive Chairman Stu Crow – Senior Non-Executive Director Board FCCA More than 30 years of experience in the mining sector in all aspects of corporate Over 30 years experience in growing mining and oil and gas companies, both as an finance
Slide 6: Piedmont Funding Agreement
PIEDMONT FUNDING AGREEMENT Targeted to Become First Ghana Lithium Producer For personal use only Piedmont investment US$103m – Atlantic maintains control STAGE 1 STAGE 2 STAGE 3 OTHER KEY TERMS Initial Investment into Atlantic Funding of Regional Funding of Capex Lithium Limited (c. US$16m) Explorat
Slide 7: Dual Listing Overview
DUAL LISTING OVERVIEW Atlantic Lithium now listed on the Australian Securities Exchange – A11 Top Holders as at 4 November 2022 For personal use only Rank Name As at 25 As at 4 % Atlantic Lithium listed and commenced trading on October November the ASX on Monday 26 September to 1 AURORA NOMINEES LIM
Slide 8: Lithium Market Outlook
LITHIUM MARKET OUTLOOK Lithium-rich spodumene concentrate used in the production of downstream Atlantic is ideally placed to take advantage of strong long-term For personal use only lithium chemicals for end use in lithium batteries market fundamentals for spodumene concentrate Global Electric Vehic
Slide 9: 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 LTD. LIMITED 9
Slide 10: Ewoyaa Lithium Pegmatite Discovery in Ghana
EWOYAA LITHIUM PEGMATITE DISCOVERY IN GHANA For personal use only 30.1Mt @ 1.26% Li2O Significant Exploration Upside; (Inferred & Indicated, JORC 2012) 47,000m drilling programme Coarse Spodumene concentrate complete with assays underway 20.5Mt @ 1.29% Li2O (Indicated) Pre-Feasibility Study* 18.9Mt
Slide 11: Ghana & Cote d'Ivoire Lithium Portfolio
GHANA & COTE D’IVOIRE LITHIUM PORTFOLIO For personal use only Ghana & CDI Portfolio insert Combined 1,334km2 portfolio secured via earn-in & application (see insert) 560km2 Ghana portfolio within 110km of Takoradi port and 100km of Accra Coarse spodumene dominant pegmatites ~90,000m of RC and DD dri
Slide 12: Coarse Spodumene – Broad Widths
COARSE SPODUMENE – BROAD WIDTHS For personal use only Coarse spodumene in outcrop Coarse spodumene pegmatite drill core ATLANTIC LITHIUM LIMITED 12
Slide 13: Simple Metallurgy – Premium SC6 Product
SIMPLE METALLURGY – PREMIUM SC6 PRODUCT For personal use only >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 imp
Slide 14: 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 15: 30.1Mt @ 1.26% Li2O and Growing
30.1Mt @ 1.26% Li2O AND GROWING Current MRE footprint, additional resource drilling & target areas on pXRF Rb soils and LIBS Li soils For personal use only Significant potential to grow resource base within ‘mine corridor’ 47,000m additional drilling completed Proven low cost & effective exploration
Slide 16: 47,000m Drilling Programme Delivers New Hits
47,000m DRILLING PROGRAMME DELIVERS NEW HITS 47,000m resource infill and expansion For personal use only programme completed Approx. 26,000m of drilling reported to date; assay results ongoing Multiple hits outside MRE, incl highlights: A GRC0667: 69m @ 1.34% from 129m GRC0666: 67m @ 1.2% from 112m
Slide 17: Exploration Upside Multiple Targets Defined
EXPLORATION UPSIDE MULTIPLE TARGETS DEFINED For personal use only Only 13km2 of 560km2 (~2%) tenure portfolio drilled to date; predominantly within Ewoyaa High priority target zones corridor Regional target definition; Multiple untested targets Area on previous slide Helicopter geophysics and grid s
Slide 18: ESG Initiatives - Low Carbon Footprint
ESG INITIATIVES - LOW CARBON FOOTPRINT For personal use only Strong national employment and Community consultation meetings Weather station data download training programmes implemented Regeneration nurseries established and access/drill pad revegetation Community programmes and engagement; e.g. mar
Slide 19: Pre-Feasibility Study Delivers Robust Project Economics
PRE-FEASIBILITY STUDY DELIVERS ROBUST PROJECT ECONOMICS+ Pre-Feasibility Study* Ultimate mining operation overview showing all associated project development infrastructure For personal use only 30.1Mt @ 1.26% Li2O US$1,359/t SC6 100% basis 2Mtpa ROM NPV8 US$1.33bn (post tax) IRR 224% Payback < 5 mo
Slide 20: Saleable Products
SALEABLE PRODUCTS For personal use only PFS incorporates two additional revenue streams from saleable direct shipping ore fines product (“DSO fines”) and a saleable Feldspar by-product Feldspar is widely used in glass and ceramics industries Testwork demonstrates that low iron products can be produc
Slide 21: Ewoyaa PFS Key Metrics
EWOYAA PFS KEY METRICS* Item Units PFS Statistic Mineral Resource For personal use only Mt @ % 30.1Mt @ 1.26% Li2O Indicated Mineral Resource Mt @ % 20.5Mt @ 1.29% Li2O Inferred Mineral Resource Mt @ % 9.6Mt @ 1.19% Li2O Mine Life Years 12.5 Ore Reserves (Probable) Mt @ % 18.9Mt @ 1.24% Li2O Total M
Slide 22: Our Growth Story
OUR GROWTH STORY For personal use only Funded towards production Targeting: Excellent Project MRE Upgrade Economics DFS 2023 12.5 year mine life Operating Permit 2023 Strong ESG producing 255,000tpa of SC6 at FOB Opex of US$278/t. Production 2024 Credentials Post-tax NPV8 of US$1.33bn, Established p
Slide 23: Ghana - Country Profile and Project Location / Pro Mining Investment Framework
GHANA- COUNTRY PROFILE AND PROJECT LOCATION / PRO MINING INVESTMENT FRAMEWORK For personal use only Mineral Rights, Licences & Population Permits: 30.8 million Exploration Permits – 4 years Area and 2 x 3 year extensions 238,000 km2 with up to ½ relinquishment Language Mining Permits – granted for E
Slide 24: For personal use only
Atlantic Lithium Limited http://www.atlanticlithium.com.au/ Level 33, Australia Square, info@atlanticlithium.com.au 264 George Street, For personal use only Sydney, NSW 2000