Atlantic Lithium (ALL) are hoping to set up West Africa's first hard rock lithium mine.
Vincent Mascolo, CEO at newly named Atlantic Lithium, joined the London South East 7 December webinar live from Australia, and we were the first to hear Vincent expand on the Scoping Study upgrade which confirms the project's huge potential. The JORC resources has been increased to 21.3 Mt, and the mine life to 11.4 years.
This project is fully funded through development to production in 2023 through a three phase deal with Nasdaq-listed Piedmont Lithium. "It's a pure 50-50 joint venture and we share costs and savings equally. The important point for shareholders and new investors is that we are getting a 50% free carry, we no longer have to spend any money and we still retain 50% of the product rights through the mine life - our 50%."
Vincent presents from 0:43 and takes Q&A at 14:59.