London South East were delighted to welcome Neil Herbert, Executive Chairman at Atlantic Lithium (ALL), the Ghana and Cote d'Ivoire lithium developer/explorer to our final live event of the year. Neil spoke at our December Natural Resources webinar, giving an insightful presentation and answering investor questions. Liberum, the house broker, declared the Ewoyaa lithium project a 'best in class' development said Neil. Atlantic are both AIM and ASX listed.

Until last November Atlantic Lithium were called IronRidge Resources, and the company was split into two strands, gold and lithium. Since then Atlantic has grown the flagship Ewoyaa project in Ghana, a 255,000 tonnes per annum lithium spodumene pegmatite discovery, soon to be Ghana's first lithium producing mine and fully funded to production. The share price has rerated and the #ALL business has a market cap on 6.12.2022 of around £270 million pounds.

Based on the recent Pre-Feasibility Study Ewoyaa has indicated Life of Mine revenues exceeding US$4.84bn and at a projected low lithium price of $1,350 per tonne has a payback of under 5 months. Spodumene concentrate lithium is currently priced at around $8,000 per tonne. Piedmont Lithium have funded the project to production with $103M in return for 50% of the output, leaving #ALL with 50%.

Next steps are to get a mine licence and further finance, and Atlantic is in discussions with the Ghana Sovereign Wealth Fund which may lead to them taking a share stake said Neil.

Atlantic are both AIM and ASX listed.