Atlantic Lithium (AIM/ ASX: ALL) is a lithium development and exploration, currently focussed on advancing its flagship project 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 774km2 of granted and under-application tenure across Ghana and Côte d’Ivoire respectively, which, in addition to the Project, comprises significantly under-explored, highly prospective licences.
Neil Herbert (Exec Chairman)
25 years in natural resources. Former Co-Chair & MD of Polo Resources Ltd, a natural resources Investment Co. Former FD of UraMin, floating on AIM/ TSX in 2006 raising c.US$400m to the sale of the group for US$2.5 billion.
Keith Muller (CEO)
20 years in mining sector. Held senior roles at Allkem, where he worked on the Mt Cattlin lithium mine in Western Australia.
Amanda Harsas (FD)
25 yrs in strategic finance, business transformation, commercial finance, customer and supplier negotiations and capital management.
NEDs: Kieran Daly, Christelle Van Der Merwe, Jonathan Henry
Atlantic Lithium nears shovel-readiness following the completion of several major permitting milestones at the Ewoyaa Lithium Project Atlantic Lithium Limited …
New Dog-Leg Target Delivers Increase to Ewoyaa MRE Drilling at the new Dog-Leg target increases the Mineral Resource Estimate for …
Ewoyaa Lithium Project Update Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), …
Field Work Underway at Senya Beraku Licence Atlantic Lithium commences soil sampling, mapping and rock chip sampling across newly-granted, unexplored …
Board Appointment Minerals Income Investment Fund CEO Appointed to the Atlantic Lithium Board Atlantic Lithium Limited (AIM: ALL, ASX: A11, …
Atlantic Lithium is Approved to List on the Ghana Stock Exchange Atlantic Lithium receives approval for listing by introduction on …
| P&L | 30 June 2023 US$~000 | 30 June 2022 US$~000 |
|---|---|---|
| Revenue | - | - |
| Loss before tax | (11,524) | (34,711) |
| Total comprehensive loss | (11,382) | (40,215) |
| Balance Sheet | 30 June 2023 US$~000 | 30 June 2022 US$~000 |
|---|---|---|
| Cash | 15,346 | 23,882 |
| Total assets | 36,771 | 39,125 |
| Total liabilities | (6,554) | (4,347) |
| Net assets | 30,217 | 34,778 |
Directors
The Africa Report (May 2024): Atlantic Lithium shrugs off mineral price slump as shares start trading in Ghana
“Atlantic Lithium starts trading on Ghana’s stock exchange on 13 May with executive chairman Neil Herbert confident that a slump in lithium prices won’t affect prospects for the company’s Ewoyaa project.The price of a metric ton of lithium slumped from more record levels above $80,000 in 2022 to less than $14,000 early this year. There was a slight recovery to $16,000 in March.”
Mining.com (April 2024): Atlantic Lithium touts progress at Ghana’s project
Atlantic Lithium (ASX: A11) said on Wednesday it has focused all efforts and resources this year moving forward with its flagship Ewoyaa project, which will be Ghana’s first lithium operation. The Africa-focused lithium explorer and developer, which secured in October a 15-year permit for the project, said the goal is to break ground later this year.
Fastmarkets: US lithium demand predicted to grow nearly 500% by 2030 (April 2024)
Fastmarkets forecasts a significant growth in demand for lithium in the US of 487% to almost 412,000 tonnes of lithium carbonate equivalent by 2030.
