Atlantic Lithium Limited. · LSE:ALL
Atlantic Lithium — Investor Presentation (September 2023)
21 slides from Atlantic Lithium's investor presentation, Sep 29, 2023
Slide 1: Results for year ended 30 June 2023 Investor Presentation
Results for year ended 30 June 2023 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 Atlantic Lithium Limited (the
Slide 3: FY23 Achievements
FY23 ACHIEVEMENTS • De-risking and proving the viability and profitability potential of the Project • Laying foundations ahead of permitting and mine build Q1 Q2 Q3 Q4 ASX listing Mining Lease application lodged MRE upgrade to 35.3Mt @ 1.25% Li2O Keith Muller commenced as CEO (September 2022) (Octob
Slide 4: Globally Significant Asset
GLOBALLY SIGNIFICANT ASSET Targeted spodumene concentrate production capacity (ktpa, 100% basis)* Production Development+ 3rd Exploration Largest anticipated production Anticipated steady state capacity in Africa production of 365ktpa 5th Largest developer by anticipated production capacity 365 10th
Slide 5: Project Update
PROJECT UPDATE Targeting shovel readiness EPA Permitting Flotation & Feldspar Scoping report and terms of reference Studies underway aiming to enhance complete Project economics Operational Readiness Project Build Transmission line and long lead items Detailed design and execution strategy Team Buil
Slide 6: Corporate Developments
CORPORATE DEVELOPMENTS • Commencement of trading on ASX • Listed on 2023 OTCQX® Best 50 • Joined International Lithium Association • DTC eligibility for OTCQX electronic trading • Appointments of Keith Muller and Patrick Brindle to the Board • Piedmont Lithium development expenditure commitment • He
Slide 7: 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 US$27.9m 6% contributing interest in Atlantic Lithium’s Cape Coast Lithium Portfolio subsidiaries US$32.9m total investment Subscr
Slide 8: MIIF to Contribute to Project Funding
MIIF TO CONTRIBUTE TO PROJECT FUNDING Total Capex Atlantic Lithium funding requirement • Piedmont sole funding through to July 2024 • 50% available offtake to fund remaining capex • Early modular DMS revenue to reduce peak capex Page 8
Slide 9: 50% Offtake Available
50% OFFTAKE AVAILABLE Competitive offtake partnering process underway • Attracting funding offers to expediate Ewoyaa development and realise Project value • Secure well-credentialled partner • Enhance relationships across battery supply chain • Considering potential broader strategic collaboration
Slide 10: 2023 Drilling Programme
2023 DRILLING PROGRAMME 18,500m infill, extensional and exploration programme underway • Multiple high-grade drill intersections reported in the current programme to date • Results reported from 13,800m of drilling • Mineralisation remains open along strike and at depth in several deposits; assessin
Slide 11: Exploration Upside
EXPLORATION UPSIDE Multiple targets defined • Only 15km of total 560km (~3%) 2 2 tenure portfolio drilled to date • Regional target definition; multiple untested targets • Helicopter geophysics and grid soils completed over Cape Coast licence • Licence applications pending Page 11
Slide 12: ESG
ESG Committed to being a responsible global citizen Aiming to deliver long-lasting positive change Core values of transparency and integrity Acting in best interests of all stakeholders Happy, healthy and safe working environment Page 12
Slide 13: Focus for FY24
FOCUS FOR FY24 Mining Lease Offtake partner EPA permitting Operational readiness Resource and Reserve growth Delivering shareholder value Page 13
Slide 14: Atlantic Lithium at a Glance
ATLANTIC LITHIUM AT A GLANCE Flagship Project Proven leadership team Ewoyaa, Ghana - 35.3Mt @ 1.25% Li2O* Lithium mine build and operating experience 25.6Mt at 1.22% Li2O Ore Reserve** Exploration and discovery expertise Experienced in-country team Definitive Feasibility Study** Strong Cash Position
Slide 15: Appendix
ATLANTIC LITHIUM Appendix
Slide 16: Corporate Snapshot
CORPORATE SNAPSHOT Capital Structure Major Shareholders Issued Capital: 612.2m Top 20 Shareholders: 69.10% 33.65m 645.9m Assore Int. Holdings Options Fully-diluted share capital 25.27% A$294m / US$190m / GBP155m Piedmont Lithium Inc 9.29% Market Capitalisation (48c)1 Board & Management 2.96% A$15m /
Slide 17: Board and Management
BOARD AGEMENT AND MANAGEMENT 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 Director Non-Executive
Slide 18: DFS Key Metrics
DFS KEY METRICS* DFS reaffirms Ewoyaa as industry-leading asset 365ktpa US$1.5bn 12-year 12-year 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 concentrate price, FOB
Slide 19: Reserves and Resources
RESERVES AND RESOURCES Grade 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 dated 1 February 2023
Slide 20: 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 21: Atlantic Lithium Limited
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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