Atlantic Lithium Limited — Director's Dealing 2023

Dec 21, 2023

22 December 2023

Notices of Changes to Directors’ Interests

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, provides notice of changes to directors’ interests in accordance with listing rule 3.19A.2, and as agent for the following director for the purposes of section 205G of the Corporations Act 2001 (Cth):

• Neil Herbert

Notice for the director is attached to this announcement.

Revised shareholdings

Following this Notice of Changes to Directors’ Interests and the successful allotment of the Institutional Placement today ( refer announcement of 15 December 2023 ), the revised shareholdings of the Directors and Substantial Shareholders will be as follows:

Company Director	Shareholding	% of Share Capital
Neil Herbert	7,799,392	1.24
Amanda Harsas	4,300,000	0.68
Patrick Brindle	108,000	0.02
Jonathan Henry	51,518	0.01
Keith Muller	-	-
Kieran Daly	-	-
Christelle van der Merwe	-	-
Total Director Shareholdings	12,258,910	1.95

Significant Shareholders	Shareholding	% of Share Capital
Assore International Holdings Limited	154,733,450	24.54
Piedmont Lithium Ghana Holdings Inc	56,997,466	9.04

Authorised for release by Amanda Harsas, Finance Director and Company Secretary, Atlantic Lithium Limited.

,

22 December 2023

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For any further information, please contact:

Atlantic Lithium Limited

Neil Herbert (Executive Chairman)

Amanda Harsas (Finance Director and Company Secretary)

• [www.atlanticlithium.com.au ]

IR@atlanticlithium.com.au

Tel: +61 2 8072 0640

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SP Angel Corporate Finance LLP Nominated Adviser Jeff Keating Charlie Bouverat Tel: +44 (0)20 3470 0470

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Yellow Jersey PR Limited Canaccord Genuity Limited Charles Goodwin Financial Adviser: Bessie Elliot Raj Khatri (UK) / atlantc@yellowjerseypr.com Duncan St John, Christian Calabrese Tel: +44 (0)20 3004 9512 (Australia)

Corporate Broking: James Asensio Tel: +44 (0) 20 7523 4500

Notes to Editors:

About Atlantic Lithium

www.atlanticlithium.com.au

Atlantic Lithium is an AIM and ASX-listed lithium company advancing a portfolio of lithium projects 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 Definitive Feasibility Study for the Project indicates the production of 3.6Mt of spodumene concentrate over a 12year mine life, making it one of the top 10 largest spodumene concentrate mines in the world.

The Project, which was awarded a Mining Lease in October 2023, is being developed under a funding agreement with Piedmont Lithium Inc.

Atlantic Lithium holds 509km[2] and 774km[2] of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licences.

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Notices of Changes to Directors’ Interests

Page 2 of 2

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity: Atlantic Lithium Limited

ABN: 17 127 215 132

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Neil Herbert
Date of last notice	9 August 2023

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Securities registered in the name of Cambrian Limited (Ordinary Shares)
Date of change	20 December 2023
No. of securities held prior to change	7,638,892 Ordinary Shares 2,000,000 Options exercise price £0.60 expiry on 31 March 2025 3,000,000 Options exercise price £0.70 expiry on 23 April 2024 3,000,000 Options exercise price £0.75 expiry on 23 April 2024 2,000,000 Options exercise price £0.80 expiry on 23 April 2024
Class	Ordinary Shares
Number acquired	160,500

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Number disposed	Nil
	Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		£34,716 (A$65,146)
	No. of securities held after change		7,799,392 Ordinary Shares 2,000,000 Options exercise price £0.60 expiry on 31 March 2025 3,000,000 Options exercise price £0.70 expiry on 23 April 2024 3,000,000 Options exercise price £0.75 expiry on 23 April 2024 2,000,000 Options exercise price £0.80 expiry on 23 April 2024
	Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		On-market trade

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3