A11 - Atlantic Lithium

Atlantic Lithium Limited is a lithium focused mineral exploration and development company with an advanced lithium pegmatite asset in Ghana and lithium pegmatite exploration assets in Ghana and Ivory Coast.

In Ghana, West Africa, the Company holds 560km² of granted and under application tenure through direct applications and earn-in agreements. To date, the Company has defined a 30.1Mt at 1.26% Li2O spodumene rich lithium pegmatite in its advanced stage project called the Ewoyaa Lithium Project, within close proximity to operational infrastructure and is advancing a pre-feasibility study and development targeting to deliver Ghana’s first lithium mine. Atlantic holds all of the necessary exploration and mining permits to progress Ewoyaa towards production.

Atlantic is funded to production through a co-development agreement made with Piedmont Lithium Inc (Piedmont) on 1 July 2021, where Piedmont has the right to earn up to 50% at the project level for 50% SC6 spodumene concentrate offtake at market rates by solely funding US$17.0m towards studies and exploration and US$70.0m towards mine capex. Piedmont also subscribed in Atlantic's shares, investing £11.52m (US$16.0m) to receive a 9.9% interest in the Company.

Atlantic completed a Scoping Study for the Ewoyaa Project in December 2021 based upon a JORC 2012 resource of 21.3Mt @ 1.31% Li2O and assuming US$900/t SC6 pricing. The Scoping Study contemplated an 11.4 year mine life at Ewoyaa and otherwise produced positive results which justify committing to the next stage of exploration and development of by progressing through to a pre-feasibility study.

Accordingly, the Company has commissioned a pre-feasibility study for the Ewoyaa Lithium Project incorporating the expanded resource of 30.1Mt @ 1.26% Li2O and updated mining and financial metrics. The pre-feasibility study is due in the third calendar year quarter of 2022.

It is anticipated that A11 will list on the ASX during September 2022.

- Market cap $518 million, at 85.5c

Thanks @noirua .... I'm fast coming to the conclusion that to get a good performance in the Monthly Comp, all you have to do is

1. EITHER select a new Lithium entrant (preferably one with raised cash hence no trading halt and Placement)
2. OR select a WA goldie / IOGC with leases so that they can throw the switch to Lithium (preferably one with raised cash hence no trading halt and Placement)

then sit back and wait for the Announcement



Highest Reported Grade to Date of 4.52% Li2O over 1m Multiple High-Grade and Broad Drill Intersections Ewoyaa Lithium Project Ghana, West Africa

Dona Ferentes said:

Thanks @noirua .... I'm fast coming to the conclusion that to get a good performance in the Monthly Comp, all you have to do is

1. EITHER select a new Lithium entrant (preferably one with raised cash hence no trading halt and Placement)
2. OR select a WA goldie / IOGC with leases so that they can throw the switch to Lithium (preferably one with raised cash hence no trading halt and Placement)

then sit back and wait for the Announcement

View attachment 148869

Highest Reported Grade to Date of 4.52% Li2O over 1m Multiple High-Grade and Broad Drill Intersections Ewoyaa Lithium Project Ghana, West Africa

Click to expand...

Neil Herbert of Atlantic Lithium is also a non-executive director of Firering Strategic Minerals LSE AIM: FRG. This is an explorer expecting drilling results next week. https://www.aussiestockforums.com/threads/uk-aim-and-nex-markets.35061/page-3#post-1199048

noirua said:

Neil Herbert of Atlantic Lithium is also a non-executive director of Firering Strategic Minerals LSE AIM: FRG. This is an explorer expecting drilling results next week. https://www.aussiestockforums.com/threads/uk-aim-and-nex-markets.35061/page-3#post-1199048

Firering Holdings Limited

Firering Holdings Limited - A West African focussed ethically sourced mineral mining company

www.fireringplc.com

Click to expand...

And in bourse action:

"Shares in Atlantic Lithium fell 32.2 per cent on the London Stock Exchange overnight after it was embroiled in a short attack by US-based Blue Orca Research.

"Blue Orca’s report targets dual Nasdaq and ASX-listed Piedmont Lithium and ASX-listed Atlantic Lithium.

Both companies put their shares into a trading halt this morning.

Chart update.

frugal.rock said:

Chart update

Click to expand...