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Atlantic Lithium Limited Investor Presentation 2024

Apr 15, 2024

10433_rns_2024-04-15_a95702b3-8d4b-4c5d-bc9c-3cc25f368142.pdf

Investor Presentation

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16 April 2024

Investor Presentation – Battery Minerals Conference

Atlan�c Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlan�c Lithium” or the “Company”), the African-focused lithium explora�on and development company targe�ng to deliver Ghana’s first lithium mine, provides the following presenta�on that the Company’s Chief Execu�ve Officer, Keith Muller, will deliver at 11:25 am (local �me) today at the Paydirt Batery Minerals Conference in Perth.

A recording of the presenta�on will be shared on the Company’s website and social media channels once made available by the event organisers.

For any further informa�on, please contact:

Atlan�c Lithium Limited

Neil Herbert (Execu�ve Chairman)

Amanda Harsas (Finance Director and Company Secretary)

www.atlan�clithium.com.au

IR@atlan�clithium.com.au

Tel: +61 2 8072 0640

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

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Yellow Jersey PR Limited Charles Goodwin Bessie Elliot atlan�[email protected] Tel: +44 (0)20 3004 9512

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Canaccord Genuity Limited Financial Adviser: Raj Khatri (UK) / Duncan St John, Chris�an Calabrese (Australia)

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

,

16 April 2024

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Notes to Editors:

About Atlan�c Lithium

www.atlan�clithium.com.au

a significant lithium spodumene pegma�te discovery in Ghana, through to produc�on to become the country’s first lithium-producing mine.

year mine life, making it one of the largest spodumene concentrate mines in the world.

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

Atlan�c Lithium holds a por�olio of lithium projects within 509km[2] and 774km[2] of granted and under-applica�on tenure across Ghana and Côte d'Ivoire respec�vely, which, in addi�on to the Project, comprises significantly underexplored, highly prospec�ve licences.

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Investor Presenta�on – Batery Minerals Conference

Page 2 of 2

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ASX:A11 AIM:ALL OTCQX:ALLIF

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INVESTOR PRESENTATION

April 2024

1

IMPORTANT & CAUTIONARY STATEMENT

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IMPORTANT NOTICE

These presentation slides (the “Slides”) have been prepared by Atlantic Lithium Limited (the “Company”) and provides a general overview of the Company and its strategy. These Slides do not comprise an admission document, listing particulars or a prospectus relating to the Company, do not constitute an offer or invitation to purchase or subscribe for any securities of the Company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities in the Company.

No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness or accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of the Company, directors, officers, employees, agents or advisors or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying

verbal presentation, and no liability is accepted by such persons for any such information or opinions or otherwise arising in connection therewith (including in the case of negligence, but excluding any liability for fraud).

The Ewoyaa Lithium Project as described in the Slides is at the exploration and development stage, and potential investors should understand that mineral exploration, development and mining are high-risk undertakings.

The Slides contain statements which may be in the nature of forwardlooking statements.

CAUTIONARY STATEMENTS

The information in the Slides that relates to Ore Reserves, Mineral Resources and Production Targets for the Ewoyaa Lithium Project was reported by the Company in the Definitive Feasibility Study (“DFS”) announcement on 29 June 2023 and the updated Mineral Resource Estimate (“MRE”) announcement on 1 February 2023.

The Company confirms that all material assumptions and technical parameters underpinning the MRE and DFS continue to apply. Material assumptions for the Project have been revised on grant of the Mining Lease for the Project, announced by the Company on 20 October 2023.

The Company confirms that material assumptions and technical parameters underpinning the Mineral Resource estimates, Ore Reserve estimates, production targets and forecast financial information in the announcements and this presentation continue to apply and have not materially changed.

FORWARD-LOOKING STATEMENTS

The Slides contain certain statements and expressions of belief, expectation or opinion which contain ‘forward-looking information’, and which relate, inter alia, to feasibility studies, the Company’s proposed strategy, plans, objectives, performance, outlook, cash flow, projections, targets, and Mineral Resources and Ore Reserves or to the expectations or intentions of the Company’s directors.

Generally, this forward-looking information can be identified by the use of forward-looking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ’likely’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’, ‘scheduled’, ‘will’, ‘plan’, ‘forecast’, ‘evolve’, and

similar expressions. Persons reading the Slides are cautioned that such statements are only predictions, and that the Company’s actual future results or performance may be materially different.

Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to general business, economic, competitive, political and social uncertainties; the actual results of current exploration and development activities; conclusions of economic, competitive, political and social uncertainties; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of lithium; possible variations of ore grade or recovery rates; failure of equipment or processes to operate as anticipated; accident; labour disputes and other risks of the mining and exploration industry; and delays in obtaining government approvals or financing or in the completion of development activities.

This list is not exhaustive of the factors that may affect forwardlooking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information.

Accordingly, you should not rely on any forward-looking statements and neither the Company nor SP Angel accept any obligation to disseminate any updates or revisions to such forward-looking statements. Any statement as to the past activities of the Company’s directors should not be relied upon as being an indication of their future performance. Statements regarding plans with respect to the Company’s mineral properties may contain forward-looking statements in relation to future matters that can be only made where the Company has a reasonable basis for making those statements.

Page 2

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TABLE OF CONTENTS

04 CORPORATE SNAPSHOT 07 OUR PROJECT 15 OUR PARTNERS 20 CATALYSTS FOR GROWTH

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PRESENTER Keith Muller 3 Chief Executive Officer

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SNAPSHOT

4

4

CAPITAL STRUCTURE

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Shareholdings

Issued Capital: 649.7m

Top 20 Shareholders: 67.1%

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41.3m Options

9.3m 700.3m Performance Rights Fully-diluted share capital

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Assore Int. Holdings 27.6%

Piedmont Lithium Inc 5.0%

A$247m - GBP128m - US$160m

Market Capitalisation (A$0.38)[1]

Fidelity International Limited 3.7%

Minerals Income Investment Fund 3.0%

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US$9.6m Cash[2]

Board & Management 3.0%

Other 57.7%

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The Company has rejected two offers in Oct & Nov 2023 from major shareholder Assore to purchase the remaining shares in Atlantic Lithium at an offer price of £0.33 per share (A$0.63)

ASX: A11; AIM: ALL; OTCQX: ALLIF

1 ASX Share price at close of 12 April 2024 (Converted at 0.65 to USD and 0.52 to GBP) 2 As of 31 December 2023

Page 5

STRONG OUTLOOK FOR LITHIUM MARKET

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Forecast Base Case and High Case Lithium Demand versus Forecast Supply[1]

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Li-ion battery demand is expected to grow by about 27 percent annually to reach 4,700 GWh by 2030[2]

ASX: A11; AIM: ALL; OTCQX: ALLIF

1 Source: Benchmark Lithium Forecast Report Q4 2023 2 Source: McKinsey, 2023

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PROJECT

7

7

BUILDING GHANA’S FIRST LITHIUM MINE

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Established pro-mining region

• Stable government and robust mining framework • Long-term gold producer

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On Track to Deliver

Mining Lease granted

Funding - Offtake
Strong Project
partnerships
Credentials •
MIIF Strategic Project

Access to infrastructure
Investment
Excellent Project •
Minimal footprint •
Economics Ghana Stock Exchange listing

• A project for Ghana and • Permitting:
DFS - Strong commercial Ghanaians
Ewoyaa Mineral •
viability and exceptional Parliamentary
Resource Estimate
profitability potential Ratification
• 35.3Mt at 1.25% Li2O2OO • Early Modular DMS • EPA Permit
• revenue
79% Measured & •
• Licence to operate
Indicated Significant upside
• available
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• 35.3Mt at 1.25% Li2O2OO • 79% Measured & Indicated • 25.6Mt at 1.22% Li2O Ore Reserve**

  • Refer to important and cautionary statement on Page 2 and MRE release dated 1 February 2023

ASX: A11; AIM: ALL; OTCQX: ALLIF

Page 8

** Based on DFS announcement; refer to important and cautionary statement on Page 2 and DFS release dated 29 June 2023

KEY METRICS*

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Economic outcomes place Ewoyaa as an industry-leading asset

365ktpa US$1.3bn 12-year Steady state production NPV8 Life of Mine

94%

IRR

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4.7Mt US$6.6bn LOM revenues Secondary Product (Low-grade Li2O)

US$185m US$675/t Capital Cost All in Sustaining Cost

Capital Cost

GHANA

Based on US$1,410/t long-term concentrate price, FOB Ghana

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3.6Mt

Spodumene concentrate

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US$377/t

C1 Cash Operating Costs FOB Ghana Port

Ewoyaa Lithium Project 35.3Mt @ 1.25% Li₂O spodumene pegmatite**

25.6Mt @ 1.22% Li₂O Ore Reserve*

  • Based on DFS announcement, incorporating Mining Lease terms; refer to important and cautionary statement on Page 2, DFS release dated 29 June 2023 and ML release dated 20 October 2023

ASX: A11; AIM: ALL; OTCQX: ALLIF

** Refer to important and cautionary statement on Page 2 and MRE release dated 1 February 2023

Page 9

GLOBALLY SIGNIFICANT ASSET

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Targeted spodumene concentrate production capacity (ktpa, 100% basis) []
Production
Development [+]
Exploration
3 [rd]
Largest anticipated production
Anticipated steady state capacity in Africa
production of 365ktpa
5 [th]
Largest developer by anticipated
production capacity
10 [th]
Largest anticipated production
capacity globally
365
Greenbushes Pilgangoora Grota do Cirilo Wodgina Manono Kathleen Valley Mt Marion Goulamina Mt Holland Ewoyaa Kamativi James Bay Bikita Carolina Lithium Nemaska Abitibi Hub Manna Mt Cattlin Rose Keliber Sabi Star Dome North Mina do Barroso Finniss Bald Hill Arcadia Mibra Bougouni Georgia Lake Wolfsberg Zulu
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  • Select hard rock spodumene projects which have conducted at least a Preliminary Economic Assessment / Scoping Study. Excludes projects where no formal study was released, or where no definitive spodumene production capacity figure was quoted in the study. Capacity refers to current installed production capacity, and where not available, average annual production. Where an existing producer or developer has planned expansions and a Final Investment Decision has been approved to proceed with the planned expansion, the expanded production capacity is used.

  • Developers include companies who have released a study to a level beyond Pre-Feasibility. Note: Based on DFS announcement; refer to important and cautionary statement on Page 2 and DFS release dated 29 June 2023; Source information in Appendix

ASX: A11; AIM: ALL; OTCQX: ALLIF

Page 10

METALLURGY DELIVERS PREMIUM PRODUCT

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Two clearly defined geometallurgical domains :

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Coarse grained
spodumene material
P1
(>20mm)
Coarse Grained P1 & fine P2 pegmatites
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P2: Medium to fine grained
P2 spodumene material
(<20mm)
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TONNAGE GRADE CONT. CONT.
LITHIUM LITHIUM
ORE TYPE
Mt % Li O kt %
2
P1 31.3 1.27 398 90
P2 4 1.06 42 10
Total 35.3 1.25 440 100
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  • Simple gravity process flow sheet

  • Conventional DMS processing

  • Low contaminants; <1% Fe2O3, <3% combined Na2O & K2O

  • Battery-grade Li carbonate and Li hydroxide conversion successfully completed at ANSTO

ASX: A11; AIM: ALL; OTCQX: ALLIF

Page 11

COMPETITIVE OPERATIONAL COST

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Competitively placed on the spodumene cost curve, supporting resilient operations through the price cycle

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Spodumene concentrate 2025 cash cost curve [1]
800 Benchmark Mineral Intelligence Q3 2023, US$/t concentrate
700
600 Ewoyaa is expected to be one
of the lowest cost spodumene
500 concentrate projects globally
400
Ewoyaa C1 cash cost [2] : US$377/t
300
200
100
-
0- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 -
Cumulative production (kt SC6)
ASX: A11; AIM: ALL; OTCQX: ALLIF
C1 cash cost (US$/t SC6)
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Source: Benchmark Mineral Intelligence Q3 2023 Lithium Total Cost Model (2023); 1. C1 cash cost includes mining, processing, transportation, loading & storage, G&A, energy, labour and by-product credits; 2. 2. Ewoyaa cash cost includes mining, processing, transportation, and G&A, net the credit from secondary product sales.

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AVAILABLE LITHIUM PRODUCTS

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100%
Spodumene Assessing opportunities
Concentrate Available
Modular DMS
Pre-Production
1.6% Li2O 100% Assessing opportunities
Secondary Product Available
50% 180,000tpa (LOM)
Committed
Spodumene 30% 100,000tpa (3-5 years)
3.6Mt Near-term Offtake Partner
Concentrate Available
Main DMS
Plant
Production 20% 80,000tpa (LOM) Available – Auction,
Available contract or spot sales
4.7Mt 1.2% Li2O 100% Assessing opportunities
Secondary Product Available
ASX: A11; AIM: ALL; OTCQX: ALLIF
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Page 13

PROJECT – PROCESS PLANT STRATEGY

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Aiming to deliver Ewoyaa as a near-term, low-cost producer
DFS Value addition potential
Modular DMS
DMS Plant
Flotation Feldspar Enhanced Ore
Plant Recovery
Early revenue
generation
opportunity
Conventional
gravity-only plant
Flotation circuit to
run independent of
Feldspar to be
supplied into local
Ghanaian ceramics
Later
stage opportunity to
maximise ore
(H1 2025) (H1 2026) DMS Plant market recovery i.e. Ore
sorter

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ASX: A11; AIM: ALL; OTCQX: ALLIF

Page 14

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PARTNERS

15

15

PIEDMONT FUNDING AND OFFTAKE AGREEMENT

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Piedmont Lithium earn-in – Atlantic Lithium maintains operatorship

OTHER KEY ITEMS

Funding of Regional Exploration and DFS (>US25m)

  • Initial earn in of 22.5% of Atlantic’s Ghana portfolio now complete;

  • For regional exploration and to complete studies;

  • Investment spend completed – all expenditure now shared equally; and

  • Ghana Government approval for ownership transfer underway

Development expenditure funding (>US$120m):

  • Sole funding: Initial US$70m of development expenditure Shared funding: 50% of additional development expenditure after initial US$70m(as indicated by the DFS)

Upon completion of funding:

  • Piedmont will earn a further 27.5% interest in Atlantic Lithium’s holding in the Ghana portfolio, taking its total interest to 50%

  • Offtake agreement enabled for 50% of annual spodumene concentrate production at market prices from Ghana Portfolio – feedstock for Piedmont’s planned Tennessee Plant

Cost savings and additional expenditure for project development will be shared equally between Atlantic Lithium and Piedmont

"DFS and mine delivery criteria" 1.5Mtpa to 2Mtpa run-ofmine ("ROM") operation; 10-year to 8-year of mine ("LOM") respectively

ASX: A11; AIM: ALL; OTCQX: ALLIF

Page 16

MIIF STRATEGIC INVESTMENT

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MIIF to support development of Ewoyaa and broader lithium portfolio in Ghana – Subscription completed; Ghana Portfolio investment to be completed

Subscription at listed US$5m company Level

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TopCo
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  • 19,245,574 Atlantic Lithium shares at US$0.2598 per share

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- MIIF granted 9,622,787 options
with an exercise price of US$0.3637
US$43.9m 6% contributing interest
MIIF total US$27.9m in Cape Coast Lithium
Portfolio subsidiaries
investment
Project level
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  • MIIF granted 9,622,787 options with an exercise price of US$0.3637

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Funding of
US$11m development,
exploration and
studies expenditure
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COMPLETE
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Subject to execution of
binding agreement
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Key Ghanaian stakeholder on board as shareholder

Strengthens cash balance in the Holding Company

De-risks the Project through MIIF’s contribution towards exploration, development and studies expenditure

Note: Based on announcement dated 8 September 2023

ASX: A11; AIM: ALL; OTCQX: ALLIF

Page 17

COMPETITIVE OFFTAKE PARTNERING PROCESS UNDERWAY

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  • Attract funding offers to expediate Ewoyaa development and realise Project value

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Preferred Terms
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  • Secure well-credentialled partner

  • Enhance relationships across battery supply chain

3-5 year Pre-payment 500Mt Favorable pricing Considering potential broader strategic collaboration terms US$75-100M Spodumene mechanism based on offtake chemical price Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7

  • Considering potential broader strategic collaboration

Preparation and engagement with interested parties

Stage 1

Bid evaluation and Stage 2 preparation

STAGE 2 UNDERWAY

Final negotiations Agree & announce

Note: Based on announcement dated 8 September 2023

ASX: A11; AIM: ALL; OTCQX: ALLIF

Page 18

FUNDING BREAKDOWN

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Total Capex
Atlantic Lithium
funding requirement
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Page 19

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GROWTH

20

20

EWOYAA RESOURCE GROWTH

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Grade maintained over Resource upgrades; MRE upgrade expected in H2 2024

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40 Drilling
35.3 Mt
programme
35 1.26% Li2O underway
30.1 Mt
1.26% Li2O
30
25 21.3 Mt
13km [2]
1.31% Li2O drilled to
20
date
14.5 Mt
15 1.31% Li2O
10
5 97% of
portfolio
0 undrilled
Jan 2020 Dec 2021 Mar 2022 Feb 2023
Cumulative Metres 27,323m 51,904m 90,308m 137,153m
Drilled
Resource Tonnes 531 274 233 247
per Metre Drilled
ASX: A11; AIM: ALL; OTCQX: ALLIF
Resource (Mt)
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Page 21

HIGHLY PROSPECTIVE, UNDER-EXPLORED PORTFOLIO

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Adjacent to grid power
and N1 highway
Within 100km of Accra
Mining Lease Area
Within 110km of
operational deep-sea port
of Takoradi
ASX: A11; AIM: ALL; OTCQX: ALLIF
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Page 22

HIGH PRIORITY TARGETS CLOSE TO LEASE AREA

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Drilling to-date focused on c. 2km radius from planned mine site

Further resource growth drilling planned

Awaiting assays from Dog-Leg target; potential to add significant near-surface tonnes to current MRE

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ASX: A11; AIM: ALL; OTCQX: ALLIF

Page 23

NEAR-TERM VALUE DRIVERS

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Mining Lease ratification

Completion of MIIF Ghana Portfolio investment

Ghana Stock Exchange listing EPA Permit Licence to operate - Mine Operating Permit

Completion of Offtake Partnering Process Award key contracts (incl. EPCM, Mining, DMS unit) Final Investment Decision Breaking ground

ASX: A11; AIM: ALL; OTCQX: ALLIF

Page 24

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Appendix

RESERVES AND RESOURCES

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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
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  • Refer to important and cautionary statement on Page 2 and MRE release dated 1 February 2023

** Based on DFS announcement; refer to important and cautionary statement on Page 2 and DFS release dated 29 June 2023

ASX: A11; AIM: ALL; OTCQX: ALLIF

Page 26

TARGETED SPODUMENE PRODUCTION CAPACITY

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Announcement Targeted production capacity
Company Company code Project name Development stage [] Asset location Announcement title
date (ktpa, 100% basis) [
]
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IGO
IGO(ASX)
Greenbushes
Production
Australia
Diggers and Dealers MiningForum Presentation
9-Aug-23
2,070
Pilbara Minerals
PLS(ASX)
Pilgangoora
Production
Australia
FY23 Full Year Results Presentation
25-Aug-23
1,000
Sigma Lithium
SGML(TSX)
Grota do Cirilo
Production
Brazil
Investor Presentation(August 2023)
5-Aug-23
766
Mineral Resources
MIN(ASX)
Wodgina
Production
Australia
Investor Site Tour Presentations
10-Oct-22
750
AVZ Minerals
AVZ(ASX)
Manono
Development
DRC
AGM Presentation
17-Nov-22
700
Liontown Resources
LTR(ASX)
Kathleen Valley
Development
Australia
EquityCapital RaisingPresentation
1-Jan-21
658
Mineral Resources
MIN(ASX)
Mt Marion
Production
Australia
Investor Site Tour Presentations
10-Oct-22
600
Leo Lithium
LLL(ASX)
Goulamina
Development
Mali
121 Frankfurt Conference Presentation
16-Nov-22
506
Wesfarmers
WES(ASX)
Mt Holland
Development
Australia
2023 Annual Report
25-Aug-23
380
Atlantic Lithium
A11(ASX)
Ewoyaa
Development
Ghana
Investor Presentation – July2023 Webinar
4-Jul-23
365**
~~P1~~
Yahua
002497(SHE)
Kamatavi
Development
Zimbabwe
Press Release(MiningZimbabwe)
30-May-23
350
Allkem
AKE(ASX)
James Bay
Development
Canada
FY23 Results Presentation
22-Aug-23
321
Sinomine
002738(SHE)
Bikita
Production
Zimbabwe
Press Release(MiningTechnology)
10-Jul-23
300
Piedmont Lithium
PLL(ASX)
Carolina Lithium
Development
USA
2023 Macquarie Australia Conference Presentation
2-May-23
242
Livent
LTHM(NYSE)
Nemaska
Development
Canada
Q2 2023 Earnings Presentation
3-Aug-23
235
Sayona Mining
SYA(ASX)
Abitibi Hub
Production
Canada
Investor Presentation - Noosa MiningConference
20-Jul-23
226
Global Lithium
GL1(ASX)
Manna
Exploration
Australia
Manna Project Progresses after Robust ScopingStudyResults
14-Feb-23
221
Allkem
AKE(ASX)
Mt Cattlin
Production
Australia
NI 43-101 Technical Report
31-Mar-21
210
Critical Elements
CRE(TSX-V)
Rose
Development
Canada
Positive FeasibilityStudyfor the Rose Lithium Project
29-Aug-23
204
Sibanye Stillwater
SSW(JSE)
Keliber
Development
Finland
Sibanye-Stillwater CompanyWebsite(Keliber Lithium Project)
4-Sep-23
200
Chengxin Lithium
002240(SHE)
Sabi Star
Production
Zimbabwe
Chengxin Lithium CompanyWebsite(Business)
4-Sep-23
200
Essential Metals
ESS(ASX)
Dome North
Exploration
Australia
Pioneer Dome ScopingStudy
7-Feb-23
194
Savannah Resources
SAV(AIM)
Mina do Barroso
Exploration
Portugal
Corporate Presentation(July2023)
31-Jul-23
191
Core Lithium
CXO(ASX)
Finniss
Production
Australia
EquityRaisingPresentation
30-Sep-23
160
~~P2~~
Alita
Private
Bald Hill
Production
Australia
Bald Hill Pre-FeasibilityStudy
11-Jul-17
155
Huayou Cobalt
603799(SHG)
Arcadia
Production
Zimbabwe
Direct OFS Presentation
14-Dec-21
147
AMG Mineracao
Private
Mibra
Production
Brazil
AMG Lithium CompanyWebsite
4-Sep-23
130
Kodal Minerals
KOD(AIM)
Bougouni
Development
Mali
Corporate Presentation
30-Mar-23
130
Rock Tech Lithium
RCK(TSX-V)
Georgia Lake
Exploration
Canada
Investor Presentation
15-Aug-23
100
European Lithium
EUR(ASX)
Wolfsberg
Development
Austria
WolfsbergProject Definitive FeasibilityStudy
8-Mar-23
69
Premier African Minerals
PREM(AIM)
Zulu
Development
Zimbabwe
Zulu Lithium Pilot Plant
24-Jun-22
48
Page 27
Select hard rock spodumene projects which have conducted at least a Preliminary Economic Assessment / Scoping Study. Excludes projects with no formal study released, or where no definitive spodumene production capacity figure is quoted in a study.
Capacity refers to current installed production capacity, and where not available, average annual production. Where an existing producer or developer has planned expansions and a Final Investment Decision has been approved to proceed with the planned
expansion, the expanded production capacity is used.
Targeted steady state production.
** Developers include companies who have released a study to a level beyond Pre-Feasibility.
Note: Based on DFS announcement; refer to important and cautionary statement on Page 2 and DFS release dated 29 June 2023
ASX: A11; AIM: ALL; OTCQX: ALLIF

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http://www.atlanticlithium.com.au/ [email protected]

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