When they let the brakes off #ALL#A11 here's a summary of why it's an incredible recovery play and one of the best #Lithium projects globally....
🔸Board & management bought £2.8m of stock over past 13 months
🔸19.5p to buy. Takeover 𝚘𝚏𝚏𝚎𝚛 𝚏𝚛𝚘𝚖 𝚖𝚊𝚓𝚘𝚛 SA miner Assore 𝚊𝚝 𝟯𝟯𝗽 declined (twice) who since increased their stake to 28.4%
🔸Ghana Sovereign Wealth Fund own 3% of company
🔸GSE listing very soon ⏳ unlocking further investment in country
🔸NPV8 US$1.5bn, mcap $159m (deal with PLL will see reduced ownership)
🔸50% offtake still available, in advanced stages and will include minimum $70m prepayment facility (expecting $100m)
🔸Production in 2025
🔸𝗔𝗜𝗦𝗖 $𝟲𝟳𝟱 𝗶𝗻 𝘁𝗼𝗽 10 𝗰𝗵𝗲𝗮𝗽𝗲𝘀𝘁 𝗽𝗿𝗼𝗱𝘂𝗰𝗲𝗿𝘀. Spodumene currently $1141 (huge $466/t profit = annually $170m with current mcap $159m) *profit shared
🔸Only 110km from deep sea port and adjacent to roads and power
🔸 Spodumene dominant mineralisation and rare high purity product (no low grade Petalite or Lepidolite)
🔸Feldspar by-product study due soon ⌛ will reduce costs even further
🔸Ghana one of most stable mining jurisdictions globally, higher than Victoria Australia (from Fraser Institute)
🔸Ghana 𝖲𝗈𝗏𝖾𝗋𝖾𝗂𝗀𝗇 𝖶𝖾𝖺𝗅𝗍𝗁 𝖥𝗎𝗇𝖽 𝗐𝗂𝗅𝗅 𝗂𝗇𝗏𝖾𝗌𝗍 US$41𝗆 𝗈𝗏𝖾𝗋𝖺𝗅𝗅 ($27m at project level due soon ⏳)
🔸𝗧𝗼𝗽 𝟭𝟬 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 SC6 𝗽𝗿𝗼𝗱𝘂𝗰𝗲𝗿𝘀 𝗮𝘁 𝟯𝟲𝟱𝗸𝘁 𝗽𝗲𝗿 𝘆𝗲𝗮𝗿
🔸Mining Lease granted
🔸Parliamentary ratification expected soon ⏳
🔸𝙊𝙣𝙡𝙮 3% 𝙤𝙛 𝙡𝙞𝙘𝙚𝙣𝙨𝙚 𝙖𝙧𝙚𝙖 𝙚𝙭𝙥𝙡𝙤𝙧𝙚𝙙 𝙬𝙞𝙩𝙝 35𝙈𝙩 𝙖𝙩 1.25% (25Mt is reserves) - tonnage WILL increase with current drill program
🔸50Mt target 2024/25 ⏳
🔸100Mt overall target from 3 distinct deposits within Cape Coast license areas
🔸Grades of 1.25% maintained throughout all exploration
🔸Exceptional, world class drill intersections (100m thickness) with super low strip ratio
🔸CEO is ex GM Allkem (Mt Cattlin, producing SC6 mine in WA)
The Company has announced that it will hold its Annual General Meeting ("AGM") at 8am (London time) / 7pm (Sydney time) on Thursday, 27 November 2025.
A copy of the AGM materials can be found on the Company’s website via the following link: https://t.co/Eb9GUoCBLP.
#ALL#A11 $A11 #ALLGH $ALLIF #Lithium #Ghana #Mining
Pictured is our Dense Media Separation Plant (DMS) at the Bougouni Lithium Project lit up at night.
The DMS Plant is currently in the final stages of commissioning ahead of full commissioning stage, which is imminent. #kod#lithium
Atlantic Lithium has today released a statement regarding the proposed merger of Piedmont Lithium and Sayona Mining, in which the Company welcomes MergeCo's commitment to the development of the Ewoyaa Lithium Project towards production.
Full announcement here: https://t.co/aarZd9e2yf
#ALL #A11 $A11 #ALLGH $ALLIF #Lithium #Ghana #Mining
#ALL Interesting development
After a rocky period of licencing delays, finally some positive news from Ghana...
Request to recall parliament and Mining Lease ratification is in the top 5 government business items
First time I've seen it on the proposed agenda and good to see that the majority party has it as such a high priority for Ghana
Not many pieces left to complete the puzzle and unlock one of the world's cheapest HR #Lithium mines
The company did all the heavy lifting. Just need the government to pull their finger out 👈
Let's get this mine built!
#PREM#Lithium#Canmax#CATL
An interesting week given the ceaseless deluge of bag news these last 18 months.
If news is indeed positive and revolves around funding, the growth will continue.
Only time will tell. I sincerely hope it's not a damp squib.
#Ewoyaa#Lithium Project #Ghana 🇬🇭
has been granted an EPA Permit
(So many hoops to jump through)
Well done to the @AtlanticLithium team
👏 #ALL#AIM $A11 $ASX
The world is going to need good quality #Spodumene to meet demand.
#Lepidolite can’t flood the market long term.
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: https://t.co/GFw0EF2LTP
#ALL#A11 $A11 #ALLGH $ALLIF #Lithium #Ghana #Mining
#PREM#GM@Premafrimin General Meeting ("GM") at the Chesterfield Mayfair Hotel, 35 Charles Street, London W1J5EB
29th of July 2024, at15:30 (BST)
Webinar link
https://t.co/5ju2WyNIDw
This unwavering support from the local community, Chiefs & community elders is often overlooked imo.
#ALL the meetings & consultations over the years have earned respect & support.
Helping to build the local economy & community the right way via employing & training locals👏
We are proud to have the unwavering support of the Chiefs from our Project catchment area fully behind us.
Together, we will build Ewoyaa and deliver a brighter future for Ghanaians. 🇬🇭
https://t.co/swIgVEgMQ5
#ALL#A11 $A11 #ALLGH $ALLIF #Lithium#Ghana#Mining
Atlantic Lithium has today provided an update regarding the latest developments relating to its flagship Ewoyaa Lithium Project in Ghana.
The full announcement can be accessed via the following link: https://t.co/rhuvL0AWsH
#ALL#A11 $A11 #ALLGH $ALLIF #Lithium#Ghana#Mining