Atlantic Lithium Limited — Capital/Financing Update 2022

Sep 27, 2022

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28 September 2022
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Piedmont Lithium partner Atlantic Lithium completes Prefeasibility Study for Ghana Project

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTC: ALLIF, "Atlantic Lithium" or the "Company"), the funded Africanfocussed lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to highlight our partner Piedmont Lithium’s ASX release today regarding our recently announced a Pre-Feasibility Study for the Ewoyaa Lithium Project in Ghana ( refer ASX Release of 23 September 2022 ).

For any further information, please contact:

Atlantic Lithium Limited

Tel: +61 2 8072 0640

Neil Herbert (Executive Chairman) Amanda Harsas (Finance Director and Company Secretary) www.atlanticlithium.com.au atlantic@yellowjerseypr.com

Yellow Jersey PR Limited Tel: +44 (0)20 3004 9512 Henry Wilkinson Dominic Barretto James Lingfield

About Atlantic Lithium

www.atlanticlithium.com.au

Atlantic Lithium (formerly “IronRidge Resources”) is an AIM and ASX-listed lithium exploration and development company advancing a portfolio of lithium projects and licenses in Ghana and Côte d’Ivoire through to production.

The Company’s flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana’s first lithium producing mine. The Company signed a funding agreement with Piedmont Lithium Inc. for US$103m towards the development of the Ewoyaa Project. Based on the Pre-Feasibility Study, the Ewoyaa Project has indicated Life of Mine revenues exceeding US$4.84bn, producing a spodumene concentrate via simple gravity only process flowsheet.

Atlantic Lithium holds a 560km[2] & 774km[2] tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.

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