Atlantic Lithium
Primary tickers: AIM:ALL, ASX:A11, OTCQX:ALLIF, GSE:ALLGH
Stage of development: Exploration, Development
Primary mineral: Lithium
Project to promote: Ewoyaa Lithium Project, Ghana
Project location: Ghana
Website: www.atlanticlithium.com.au
Corporate presentation: Click here
Atlantic Lithium is an AIM, ASX, GSE and OTCQX-listed lithium company advancing its flagship project, the Ewoyaa Lithium Project, a significant lithium spodumene pegmatite discovery in Ghana, through to production to become the country’s first lithium-producing mine.
The Definitive Feasibility Study for the Project indicates the production of 3.6Mt of spodumene concentrate over a 12-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.
Atlantic Lithium holds a portfolio of lithium projects within 509km2 and 771km2 of granted and under-application tenure across Ghana and Côte d’Ivoire, respectively, which comprises significantly under-explored, highly prospective licences.
Cash: A$12.7M (as of 30 June 2024)
Debt: NIL
Major Shareholders:
Assore Limited – 27.6%
Piedmont Lithium Inc – 5%
Fidelity International Limited – 3.7%
Minerals Income Investment Fund – 3%
Management Ownership: Board & Management – 2%
Financials
Management Profile
Neil Herbert – Executive Chairman
Neil is a Fellow of the Association of Chartered Certified Accountants with over 30 years of experience in finance and over 25 years of experience growing and developing mining, oil and gas companies, both as an executive and as an investor.
Until May 2013, he was co-chairman and managing director of AIM-listed natural resources investment company Polo Resources Limited. Prior to this, he was a director of resource investment company Galahad Gold plc. During his time at Galahad Gold plc, Neil acted as the finance director of the company’s most successful investment, a start-up uranium company called UraMin Inc, from 2005 to 2007, during which time he worked to float UraMin Inc on AIM and the Toronto Stock Exchange, successfully raised US$400 million in equity financing and subsequently negotiated the sale of the group for US$2.5 billion.
Neil has also held board positions at several other resource companies where he was involved in managing numerous acquisitions, disposals, stock market listings and fundraisings. He holds a Joint Honours Degree in Economics and Economic History from the University of Leicester.
Amanda Harsas – Finance Director & Company Secretary
Amanda is a senior finance executive with a demonstrable track record and over 25 years’ experience in strategic finance, business transformation, commercial finance, customer and supplier negotiations and company secretarial and capital management across various firms including PwC, Healius and the Law Society of Australia.
Amanda brings to the Atlantic Lithium Board extensive experience in the mining and exploration, healthcare, retail, and professional services sectors throughout Australia, Asia, Europe and the USA.
Amanda graduated from the University of Technology, Sydney with a Bachelor of Business. She is also a member of Chartered Accountants Australia and New Zealand and the Australian Institute of Company Directors.
What is your rationale for taking part in 121 Mining Investment?
1. Increase Atlantic Lithium’s exposure to sophisticated investors, across the resources sector in particular.
2. Update existing and prospective investors on the Company’s latest developments and the steps the Company is taking to advance the Ewoyaa Lithium Project towards construction.
What recent news would you like to highlight to investors attending?
18 September 2024 – 2024 Annual Financial Report
12 September 2024 – Grant of Ewoyaa Lithium Mining Project EPA Permit
30 July 2024 – Quarterly Activities and Cash Flow Report
30 July 2024 – New Dog-Leg Target Delivers Increase to Ewoyaa MRE