Atlantic Lithium Limited. · LSE:ALL
Atlantic Lithium — Investor Presentation (September 2024)
26 slides from Atlantic Lithium's investor presentation, September 2024
Slide 1: Investor Presentation
ASX:A11 AIM:ALL GSE:ALLGH OTCQX:ALLIF INVESTOR PRESENTATION September 2024 1
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 similar expressions. Persons reading the Slides are cautioned that such Atlantic Lithium Limited
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT PRESENTER Keith Muller 3 Chief Executive Officer
Slide 4: Building Ghana's First Lithium Mine
BUILDING GHANA’S FIRST LITHIUM MINE On Track to Deliver • Mining Lease granted • Funding - Offtake Strong Project partnerships Credentials • MIIF Strategic Project • Access to infrastructure Investment Excellent Project • Minimal footprint • Permitting: Economics • A project for Ghana and • Parliame
Slide 5: Strategically Located
STRATEGICALLY LOCATED Well positioned to become a supplier of choice to rapidly growing North American, European and Asian markets • North America and Europe to account for ~42% of lithium-ion battery cell demand by 2030 • China’s lithium battery industry has seen 20% year-on-year growth from Jan-Ju
Slide 6: Capital Structure
CAPITAL STRUCTURE Issued Capital: 649.7m Top 20 Shareholders: 67.1% 24.7m 10.7m 685.1m Assore Int. Holdings 27.6% Options (WAP: 85c) Performance Rights Fully-diluted share capital Piedmont Lithium Inc 5.0% Fidelity International Limited A$156m – US$105m 3.7% Minerals Income Investment Fund Market Ca
Slide 7: Proven Leadership
PROVEN LEADERSHIP Significant mine build and operating experience; globally and in Ghana specifically Neil Herbert Keith Muller Amanda Harsas Executive Chairman Chief Executive Officer Finance Director & Company Secretary • 25+ years’ experience in growing natural • 20+ years’ expertise in internati
Slide 8: Our Project
OUR PROJECT PRESENTER Keith Muller 8 Chief Executive Officer
Slide 9: Key Metrics
KEY METRICS* Economic outcomes place Ewoyaa as an industry-leading asset 3.6Mt 12-year 365ktpa 4.7Mt Spodumene Secondary Product Life of Mine Steady State (Low-grade Li2O) concentrate Production GHANA US$185m US$377/t US$675/t Capital Cost C1 Cash Operating Cost All in Sustaining Cost Ewoyaa Lithium
Slide 10: Simple DMS Processing
SIMPLE DMS PROCESSING 3-stage crushing to maximise recovery 2.7Mt throughput; simple DMS processing Low energy and water intensity ASX: A11; AIM: ALL; GSE: ALLGH; OTCQX: ALLIF 10
Slide 11: Exceptional Existing Infrastructure
EXCEPTIONAL EXISTING INFRASTRUCTURE N1 highway within 1km of deposit footprint Adjacent grid power; hydro power, thermal plants, solar power Skilled labour market on doorstep Proximity to Takoradi and Tema ports Leading mining, engineering and geology universities Strong community relations ASX: A11
Slide 12: Low-Cost Project
LOW-COST PROJECT • Low capital and operating cost profile • Cost curve does not yet incorporate P1 ore replacing P2 in Year 3 US$/ tonne ASX: A11; AIM: ALL; GSE: ALLGH; OTCQX: ALLIF 12
Slide 13: Ewoyaa Mining Lease
EWOYAA MINING LEASE Ewoyaa on track to become one of the largest hard rock spodumene concentrate mines* Mining Lease represents major de-risking milestone Alignment with the Government’s Green Minerals Policy Partner of choice in Ghana’s long-term lithium value chain objectives Terms maintain the Pr
Slide 14: Our Partners
OUR PARTNERS PRESENTER Keith Muller 14 Chief Executive Officer
Slide 15: Strong Partner Support
STRONG PARTNER SUPPORT • Cornerstone investor since 2015 AIM IPO • International project development, mining and marketing expertise • US$5m Subscription – completed January 2024 MINERALS INCOME INVESTMENT FUND • US$27.9m Project-level investment – underway • Strategic project funding partner • Ewoy
Slide 16: Competitive Offtake Partnering Process
COMPETITIVE OFFTAKE PARTNERING PROCESS Attract funding offers to expediate Ewoyaa development and realise project value Preferred Terms: Secure well-credentialled partner Enhance relationships across battery supply chain Considering potential broader strategic collaboration US$75-100m 3-5 year pre-p
Slide 17: Funding Overview
FUNDING OVERVIEW Ewoyaa Development Piedmont Piedmont to sole fund initial US$70m Expenditure Breakdown 1 1 Sole Funding of Ewoyaa development expenditure 2 MIIF Initial MIIF to invest US$27.9m at Project Atlantic Lithium Investment level for 6% contributing interest of funding requirement Ghana Por
Slide 18: Commercial Strategy - Lithium Products
COMMERCIAL STRATEGY - LITHIUM PRODUCTS 50% 180,000tpa (LOM) Committed LOM Near-term Production 3.6Mt Spodumene 30% 100,000tpa (3-5 years) Concentrate Available Offtake Partner 20% 80,000tpa (LOM) Available – Auction, Available contract or spot sales 1.5% Li2O 4.7Mt Secondary 100% Assessing Available
Slide 19: Our Exploration
OUR EXPLORATION PRESENTER Keith Muller 19 Chief Executive Officer
Slide 20: Highly Prospective, Under-Explored Portfolio
HIGHLY PROSPECTIVE, UNDER-EXPLORED PORTFOLIO Egyasimanku Hill Li occurrence 509km² (non-JORC) Ghana portfolio Mining Lease Area 100km to Accra and 110km to Takoradi port EWOYAA 1% 36.8Mt @ 1.24% Li2O (JORC) of portfolio drilled ASX: A11; AIM: ALL; GSE: ALLGH; OTCQX: ALLIF 20
Slide 21: Ewoyaa Resource Growth
EWOYAA RESOURCE GROWTH Grade maintained over resource upgrades; 81% of MRE in higher confidence Measured and Indicated categories 40 36.8 Mt @ 100 35.3 Mt @ 1.24% Li2O 30,000m of drilling % of Total Resource in Measured & Indicated 1.25% Li2O 90 for July 2024 MRE: 35 30.1 Mt @ 1.26% Li2O 80 30 • Ste
Slide 22: Cote d'Ivoire – Untested Tenure
COTE D’IVOIRE – UNTESTED TENURE 771km² portfolio Extensive existing infrastructure 80km to port of Abidjan ASX: A11; AIM: ALL; GSE: ALLGH; OTCQX: ALLIF 22
Slide 23: Catalysts for Growth
CATALYSTS FOR GROWTH PRESENTER Keith Muller 23 Chief Executive Officer
Slide 24: Near-Term Value Drivers
NEAR-TERM VALUE DRIVERS Mining Lease Ratification Completion of Offtake Partnering Process Completion of MIIF Strategic Project Investment EPA Permit Award Key Contracts (including EPCM, Mining, and Final Investment Decision DMS unit) Mine Operating Permit Breaking Ground ASX: A11; AIM: ALL; GSE: AL
Slide 25: Atlantic Lithium Limited contact details
http://www.atlanticlithium.com.au/ [email protected] Atlantic Lithium Limited Level 17, Angel Place, 123 Pitt Street, Sydney, NSW 2000 25
Slide 26: Reserves and Resources
RESERVES AND RESOURCES Grade Mineral Reserves**** Tonnes (Mt) (% Li2O) Probable 25.6 1.22 Grade Mineral Resources* Tonnes (Mt) (% Li2O) Measured 3.7 1.37 Indicated 26.1 1.24 Inferred 7.0 1.15 Total 36.8 1.24 * Refer to important and cautionary statement on Page 2 and MRE release dated 30 July 2024 *
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