#Lithium
exploration and development company set to deliver the Ewoyaa Project as Ghana's first lithium mine
AIM:
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ASX: $A11 GSE:
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OTCQX: $ALLIF
Highlights from last month’s public hearing in respect of the Ewoyaa Lithium Project held in Krofu in the Central Region, demonstrating the overwhelming participation and support for the Project from our local communities.
Watch here:
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Atlantic Lithium is delighted to announce that a Mining Lease has been granted for the Company’s flagship Ewoyaa Lithium Project in Ghana, marking a major step towards production.
Full announcement here:
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We are pleased to announce that the Minerals Income Investment Fund of Ghana has agreed to invest US$32.9m in Atlantic Lithium to support the development of the Ewoyaa Lithium Project.
Full announcement:
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It is with deep sadness that the Board of Atlantic Lithium Limited announces the sudden passing of our friend, colleague and CEO, Vincent Mascolo.
Our thoughts are with his family and friends at this difficult time.
On the first anniversary of his passing, we remember with great fondness Atlantic Lithium’s founder, our dear colleague and friend, Vincent Mascolo.
He is, and will forever be, sorely missed by all those who knew him.
The Company is pleased to announce that its partner
@PiedmontLithium
has issued its intent to support the next stage of the Ewoyaa Lithium Project's development towards production.
Full announcement here:
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Atlantic Lithium - Response to Online Report & Restoration of Trading
Statement in response to the false and misleading report (the "Report") regarding its partner Piedmont Lithium Inc. released by Blue Orca Capital on 08 March 2023.
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"We are delighted to release our Pre-Feasibility Study for the Ewoyaa Lithium Project in Ghana, which further illustrates Ewoyaa as an industry-leading lithium asset, generating in excess of US$4.84bn in revenues over a 12.5-year mine life.“
@KolffLen
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NEW Corporate Video:
Atlantic Lithium - Charging the Change
Our vision is to develop a sustainable lithium supply with positive social impact to support the global transition to a carbon neutral future.
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Atlantic Resources Charging The Change
"We are set to establish West Africa’s first lithium mine"
US$102m Fully Funded Ewoyaa Project to Production
Ghana, West Africa 🇬🇭 Ewoyaa Lithium Project - onwards and upwards!
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The historic moment that Hon. Samuel A. Jinapor granted Ghana's first Mining Lease for lithium to Atlantic Lithium’s Ewoyaa Lithium Project.
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Atlantic Lithium is pleased to announce that the Ewoyaa Project has been granted an environmental permit, moving us closer to building Ghana's first lithium mine.
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Atlantic Lithium is currently awaiting ministerial grant of the Mining Lease in respect of the Mankessim licence, required to advance the Project towards construction.
Atlantic is pleased with the progress of its application and expects the Mining Lease to be granted shortly.
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 holds 560km2 & 774km2 of tenure across Ghana and Côte d'Ivoire respectively.
Pre-Feasibility Study for Ewoyaa, spotlighting the Project as an industry-leading lithium asset, generating life of mine revenues in excess of US$4.84bn, an IRR of 224% and payback in less than five months.
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Atlantic Lithium - Pre-Feasibility Study Delivers Robust Project Economics Ewoyaa Lithium Project, Ghana, West Africa
Post-Tax NPV Increases to US$1.33bn
Internal Rate of Return Increases to 224%
Maiden Ore Reserve of 18.9Mt at 1.24% Li2O Declared
In recent months Atlantic Lithium has received unsolicited enquiries from multiple parties interested in acquiring all or part of the Company and/or its assets.
The Company is also independently considering a potential secondary listing on the Australian Stock Exchange (ASX).
Atlantic Lithium announces that the Company has rejected two non-binding indicative offers from Assore to acquire all of the shares in the Company that it does not already own.
Full announcement here:
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We are proud to share that the Company's Ewoyaa Lithium Project in Ghana has been included in
@ArgonautLimited
's 'Best Undeveloped Projects' book for 2023.
Read the full publication here:
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Atlantic is working towards the ASX listing date of 26 September 2022, under the ticker code A11.
Targeting to deliver Ghana's first lithium mine through its flagship Ewoyaa Lithium Project which is set to be West Africa’s first lithium-producing mine.
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The position
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finds itself in today would not be possible without the unwavering dedication and hard work of our dear friend and colleague Vincent Mascolo, whose sudden passing was met with great sadness from everyone involved with Atlantic Lithium.
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Atlantic Lithium Limited - Ewoyaa Lithium Resource Increases by a further 42% to 30.1Mt @ 1.26% Li2O Cape Coast Lithium Portfolio, Ghana, West Africa
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"The most important thing for us to do at this point is to move forward to production."
Neil Herbert
@ALLTheChairman
outlines the key aspects of the Ewoyaa Lithium Project in Ghana, which has recently been granted a Mining Lease.
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“High-grade spodumene pegmatite - this is what it’s all about!”
@KolffLen
on the drilling programme underway at the Ewoyaa Lithium Project, on track to become Ghana’s first lithium mine.
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Atlantic Lithium is pleased to advise that Evolution Capital has initiated research coverage on the Company with a Target Price of A$1.10 per share.
Please see the full note via the following link: .
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Atlantic Lithium is pleased to announce the commencement of infill drilling and a passive seismic geophysical survey at the
#Ewoyaa
Lithium Project in Ghana.
Read the full announcement below:
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Atlantic Lithium - Driving Generational Change for Ghana
Our local communities are at the heart of everything we do. Together, we can enhance the livelihoods of all Ghanaians.
Watch here:
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We are pleased to announce the Company's Interim Results for the period ended 31 December 2022, during which the PFS for the Ewoyaa Lithium Project was released, demonstrating significant profitability potential.
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Abdul Razak, Halima, Veritas, Prince, Labo and Masen proudly representing the Company in receiving the award for Exploration Company of the Year (Mining) at the Ghana-West Africa Business Excellence Awards 2023 on Friday! 🙌
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We are confident that the foundations that Vincent has laid, combined with the expertise of the current team, will serve as an excellent platform for the Company to attain the great successes that Vincent had always imagined.
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Atlantic Lithium is pleased to have received EPA approval to divert two transmission lines that run across the Mankessim licence, which holds the Company’s Ewoyaa Lithium Project.
Full announcement here:
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#TeamGhana
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Incredibly colourful, engaging and positive town hall gathering held for the team in Ghana on Friday, celebrating the team's successes and culture, and mapping the exciting journey ahead.
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"With the PFS delivered, Mining Licence application submitted, FEED engineering contract awarded and funding agreement with our partner Piedmont Lithium the Company is pushing ahead to achieve production and benefit from the ongoing lithium demand expected over the coming years."
Remembering Atlantic Lithium Founder and CEO Vincent Mascolo, who we sadly lost two years ago today.
He would be incredibly proud of what the Company has achieved to date, which would never have been possible without his unwavering dedication and passion.
Vincent held his work,
"DFS outlines 3.6Mt concentrate production over a 12-year mine life, delivering US$6.6bn Life of Mine revenues, post-tax NPV8 of US$1.5bn and IRR of 105%. Study indicates payback within only 19 months and maintains a low capital intensity"
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Resource upgrade targeted for Q1 2023 to inform Definitive Feasibility Study targeted for completion mid-2023.
As we advance Ewoyaa Lithium Project towards production, we feel Atlantic is ideally positioned to benefit from ongoing lithium demand expected over the coming years.
Atlantic's flagship project, Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana's first lithium-producing mine.
Atlantic signed a funding agreement with
@PiedmontLithium
for US$103m towards development of the Ewoyaa Project.
Atlantic Lithium is pleased to announce multiple high-grade and broad intersections from assay results at the Ewoyaa Lithium Project, Ghana.
Please find the full announcement here:
#AtlanticLithium
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Atlantic Lithium - Director/PDMR Shareholdings
Total of 2,454,677 ordinary shares of no par value each at an average price of 27.34p per Ordinary Share, equating to aggregate value of £671,231
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Ewoyaa Lithium Project: Close to shovel ready
Atlantic is making excellent progress on its Ewoyaa Lithium Project, which seems almost certain to become Ghana’s first commercial-scale lithium mine.
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“We believe that Ewoyaa will showcase the Central Region and Ghana more broadly as a highly attractive mining investment jurisdiction. As a first mover in Ghana, we look forward to working closely with our in-country partners to set an example for responsible, modern mining,
"With the PFS delivered, Mining Licence application submitted, FEED engineering contract awarded and funding agreement with our partner Piedmont Lithium in place, we feel the Company is ideally positioned to benefit from the ongoing lithium demand expected over the coming years."
"I am delighted to assume the role of CEO at such a pivotal moment in the Company's journey and, alongside the existing and growing Ghanaian team, contribute to the success of the Project."
@keith_at_A11
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Ahmed-Salim boasts an impressive career operating numerous large-scale projects in Ghana. Bringing considerable expertise to Atlantic Lithium, he will be responsible for ensuring the successful and safe operation of the Ewoyaa Lithium Mine.
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Initial assay results received for 2,208m of RC drilling from the ongoing drill programme at the Ewoyaa Project. Multiple high-grade drill intersections are reported for infill drilling results at the Ewoyaa South-2 deposit within the current MRE.
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Recent RC sterilisation drilling and drill chip logging on the proposed site for the Ewoyaa Lithium Project processing plant, undertaken to prove the absence of pegmatite below the intended plant area to support commissioning.
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Ewoyaa Lithium Project Ghana, West Africa
LOM revenues exceeding US$4.84bn, Post-tax NPV8 of US$1.33bn, IRR of 224% over 12.5 years
US$125m capital cost with industry-leading payback period of <5 months
18.9Mt at 1.24% Li2O Maiden Ore Reserve
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Ewoyaa Lithium Project Ghana
C1 cash operating costs of US$278 per tonne of 6% lithium spodumene concentrate Free on Board ("FOB") Ghana Port, after by-product credits
Average LOM EBITDA of US$248m per annum
Average annualised US$1,359/dry metric tonne SC6 pricing used
"We are delighted to report ongoing high-grade drill intersections, both within the infill programme targeting conversion of Indicated to Measured resources and within the exploration programme targeting resource growth outside the current MRE."
@KolffLen
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Atlantic Lithium Chairman
@ALLTheChairman
on the ground Ewoyaa lithium deposit Ghana, West Africa provides highlights from the Ewoyaa resource update.
"Ewoyaa just keeps on delivering."
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“We are pleased to report that a further 8,000m of drilling has been planned across the Ewoyaa Lithium Project in addition to the existing 18,500m programme. This planned drilling, which will bring the total programme to approximately 26,500m of infill, extensional, exploration
Atlantic will benefit from a broadened shareholder base and raised awareness of its plans for the industry-leading Ewoyaa Lithium Project.
Being an Australian company with its headquarters in Australia, the ASX listing also enables close communication with Australian investors.
Team 🇬🇭 Atlantic Lithium took out best performer in exploration at the Ghana Chamber of Mines for the discovery and evaluation of the Ewoyaa deposit 👏👍.
Big congratulations and proud of the team.
Next step - build the mine.
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Atlantic Lithium Limited is pleased to announce final assay results from the resource and exploration drilling programme at the Ewoyaa Lithium Project in
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Read the full release here:
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Highest-grade meter interval reported to date in RC drilling 4.52% Li2O, inc adjacent 1m downhole interval 3.99% Li2O was achieved in GRC0704 53m to 55m Ewoyaa Main deposit. The mineralisation occurs within a larger reported interval of 23m at 1.4% Li2O from 36m in hole GRC0704.
Newly-appointed General Manager, Operations Ahmed-Salim and Head of Operational Readiness Aaron Maurer at the Ewoyaa Lithium Project site office in Mankessim. 🇬🇭🇦🇺
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Under the terms of the three-year agreement, Piedmont will deliver approximately 125,000 tonnes of spodumene concentrate to Tesla beginning in the second half of this year through to the end of 2025.
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@PiedmontLithium
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"We are delighted to report the completion of the planned 37,000m resource evaluation and exploration drilling programme at Ewoyaa, with approximately 15,000m of assays reported to date. The programme was increased by an additional 10,000m, to a total of 47,000m"
@KolffLen
The Strategic Investment is a major endorsement by an African sovereign wealth fund and spotlights Ghana as a highly atractive mining jurisdiction and a pioneer in the decarbonisation thematic.
@MineralsFundGH
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Atlantic expresses thanks for the overwhelming number of condolence messages received following the passing of Vincent Mascolo.
We knew and worked with Vincent for many years and recognise the importance to bring all of his hard work in Atlantic Lithium to fruition.
The Company is pleased to announce further broad and high-grade assay results from resource drilling completed at Ewoyaa, including 83m at 1% Li2O from 36m returned at the Dog-Leg target.
Full announcement:
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The Company is pleased to announce an update regarding the development of its Ewoyaa Lithium Project in Ghana, with significant strides being taken towards achieving shovel readiness.
Full announcement here:
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The Company wishes to advise that Executive Chairman Neil Herbert has purchased 133,000 shares for a value of £24,771 (A$47,590).
Following the share purchase, Directors and KMP of the Company have purchased a total of 10,152,227 shares equating to a value of A$5,192,393
Great to be at the Society of Economic Geologists
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‘Resourcing the Green Transition’ conference and presenting our poster on Ewoyaa this weekend.
@KolffLen
Iwan Williams, Abdul Razak and Enerst Brakohiapa.
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The Company is pleased to announce the final results from drilling completed at the Ewoyaa Lithium Project in 2023, which are from the new Dog-Leg target outside of the current MRE, which includes a highlight intersection of 69m at 1.25% Li2O from 45m.
Full announcement here:
“Looking ahead, in the coming months, we hope to receive the grant of the Mining Licence application that was lodged post-period end, before we commence the EPA process. The Definitive Feasibility Study is on track for release in Q2 2023 and is progressing well."
Atlantic Lithium shares are now trading on the Ghana Stock Exchange under the ticker
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Through its listing, the Company invites Ghanaians to share ownership in the advancement of the Ewoyaa Lithium Project and Ghana's long-term lithium production objectives.
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Atlantic believes the key to being a good neighbour lies in regular, open dialogue with communities in which we work commencing at grassroots level. Our geologists and local staff lead the effort and actively contribute to our belief that the company is a part of the community.
With the PFS now delivered, Mining Licence application submitted, ongoing positive drilling results and our funding agreement with Piedmont, we feel the Company is ideally positioned to benefit from unprecedented levels of lithium demand that are expected over the coming years.
"Delivery of the upgraded 30.14Mt at 1.26% Li2O MRE inc 20.5Mt at 1.29% Li2O in the Indicated category, is an important de-risking milestone. Ewoyaa fully funded to production with Piedmont Lithium, this upgrade highlights the exceptional potential of the project"
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“Our sights are set on delivering first lithium concentrate towards the end of 2023, ambitious yes, but we also have full endorsement from the Ghanian government who are eager to put lithium production on the map."
@MiningReview
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Coverage of the Central Regional House of Chiefs' endorsement of the Company's Ewoyaa Lithium Project, deemed to represent an opportunity for unprecedented development in the region.
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"We have now reported all assay results for the approximate 47,000m drilling programme, with a Resource upgrade targeted for Q1 2023 and a DFS targeted for completion mid-2023."
@KolffLen
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To date, approximately 28km2 has been auger drill tested, with only 13km2 drill tested within our broader 560km2 portfolio in Ghana. This demonstrates the true untapped value potential that the Ewoyaa Project offers, which we are looking to capture.
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Atlantic Lithium - Dual Listing - Close of ASX Offer
The Company is pleased to announce that the ASX Offer was fully subscribed.
The Company is working towards the previously announced indicative ASX listing date of 26 September 2022, ticker code A11.
Approximately 27,000m of the planned 37,000m drilling programme completed to date with the remainder planned for completion in Q3 2022.
Atlantic announced a significant Resource upgrade in March 2022 to 30.1Mt at 1.26% Li2O for the Ewoyaa Lithium deposit.
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Following the grant of the historic Mining Lease in October and with the permitting process well underway, Atlantic Lithium is moving closer to construction and near-term lithium production at the Ewoyaa Lithium Project in Ghana.
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"As the Company's largest shareholder, we believe that Assore's purchase of Atlantic Lithium shares at a premium to the current price, increasing their holding to 28.4%, reflects their belief in the substantial value potential that, together with Piedmont, we intend to unlock at
Atlantic Lithium’s
@KolffLen
explains why he’s excited to start exploration of the newly-granted Bewadze licence, which sits along strike from the historic Egyasimanku Hill occurrence, where spodumene pegmatites have been observed.
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Exploration potential is clear, and we see significant opportunity for resource growth.
Project metrics will improve significantly beyond the current defined mine life, and potential for further economic improvement due to the recent increases in spodumene concentrate pricing.