Atlantic Lithium (ALL) Investor Presentation summary

Corporate overview

• Atlantic Lithium is advancing the Ewoyaa Lithium Project in Ghana, aiming to build the country's first lithium mine in a stable, mining-friendly jurisdiction.

• The company is listed on ASX, AIM, GSE, and OTCQX, with a market capitalization of A$156m and a cash balance of A$12.7m as of June 2024.

• Top shareholders include Assore International Holdings (27.6%), Piedmont Lithium (5.0%), and MIIF (3.0%).

• Leadership team has extensive experience in mine development and operations, both globally and within Ghana.

Project highlights and economics

• Ewoyaa hosts a mineral resource of 36.8Mt at 1.24% Li₂O, with 81% in measured and indicated categories; ore reserve stands at 25.6Mt at 1.22% Li₂O.

• DFS demonstrates strong commercial viability: 12-year mine life, 365ktpa steady-state spodumene concentrate production, and US$185m capital cost.

• C1 cash operating cost is US$377/t FOB Ghana port, with all-in sustaining cost at US$675/t.

• Project benefits from simple DMS processing, low energy and water intensity, and proximity to major infrastructure and ports.

• Mining lease granted, aligning with Ghana's Green Minerals Policy and de-risking the project.

Strategic positioning and market outlook

• Well positioned to supply rapidly growing North American, European, and Asian lithium markets, with global battery demand expected to surge by 2030.

• Ewoyaa spodumene concentrate is a logical feedstock for downstream plants in key regions.

• Limited large-scale lithium projects globally, with many facing permitting delays.