Member Info for EarEyeAm

I don't see any question over partial or full processing. In the DFS they clearly state that they will start with modular processing for early revenues whilst the full mine is built, and once the full mine is built they will go to full production.

"Initial processing of approximately 450,000t of ore will be carried out over the first nine months, starting Q2 2025, in an early production processing plant fed from Ewoyaa South 2 pit, prior to processing through the main 2.7Mtpa processing facility from Q1 2026 for 11 years."

"Over the life of mine ("LOM"), the Project is estimated to produce 3.58Mt of 6% (SC6) and 5.5% (SC5.5) grade spodumene concentrate, as well as 4.7Mt of secondary product, which have been identified to be saleable given current and forecast lithium demand projections."

As for the ML, I see no reason for concerns or any doubt over the ML and it's timing. The Government keep talking about it going ahead and being a big thing for the country, the schedule for mining is in place in the DFS which would have had to have been discussed with the Government before being put into such a document. So long as the ML arrives in time to do the mining to the schedule advised, I see no issue, and I fully expect the ML to arrive in time.

4. Further Exploration Potential:

The lithium-clay mineralisation remains open to the west, and north, indicating further resource upside, as backed up by the previously reported 1Mt to 6Mt LCE JORC Exploration Target identified by SRK.

Holes BES23-05, 06, 07, 08, 09 and 10 encountered a thicker and more consistent upper clay thickness on BEE than found at BE. Drilling to date has demonstrated the upper clay gradually thickens to the north, northwest, and to the west towards BW, which is very positive for resource expansion potential into BW, see Figures 1 and 2.

The total upper clay unit is 78.41m in width on average in BEE. To put that in context the average thickness of the upper clay unit at BE is 34.00m in all the previous 34 holes that intercepted upper clay in the last 3 drill programmes (2018, 2021 and 2022). See Figures 3, 4 and 5.

Resource estimation work is now underway to produce an updated Mineral Resource Estimate, with SRK incorporating this new drill data.

The recent drill results on BEE solidify Bradda's belief in a widespread and continuous lithium-rich stratigraphic sequence with potential across BN and BW that the Company believe will lead to significant resource growth and opportunity to become a Tier 1 deposit.

Charles FitzRoy, CEO of Bradda Head Lithium, commented:

"We are extremely excited about the potential for significant expansion of the resource at the Basin Project. The high-grade lithium intercepts encountered in the recent drilling campaign demonstrate the exceptional potential of the project and underscore its importance as a potential strategic lithium asset.

"The 2023 drilling programme at the Basin Project is focussed on further expanding the resource base, delineating additional lithium-rich zones, and is working with SRK to release an updated MRE."

"The Company will soon be kicking off its Phase 3 drill programme at its 23km2 San Domingo pegmatite district in Arizona, with the main aim to delineate a Resource and also to build on the promising results of the maiden drill programme which finished earlier this year."

The programme has continued to encounter better-than-expected thicknesses of clay confirming that lithium-bearing clays continue and thicken to the west, northwest and north into the Company's BEE lease with probable extensions into adjoining Basin North ("BN"), and Basin West ("BW") claims. These positive indicators are expected to lead to significant resource expansion for the Company this year.

2. High-grade unit

The high-grade unit previously found in Basin East ("BE") has similar grades and maintains strong continuity across all of BEE, likely extending into BN and BW.

This is very positive for any future mining operation as the high-grade unit sits in the upper clay unit which forms the shallowest part of the deposit, essentially cropping out at BE.

The assays have also identified high levels of molybdenum associated with drill holes BES23-06, 07, 09, and 10 and within the high-grade unit of between 109ppm over 22.56m in hole 06 and 187ppm over 16.44m in hole 10. To put that in context, Freeport's Bagdad copper mine (c.6 miles from Basin) which extracts a healthy molybdenum by-product credit has a molybdenum Proven and Probable Reserve grade of c.200ppm.

3. Resource Expansion:

The new drill results demonstrate the potential for a substantial expansion of the lithium-bearing clay zone at the Basin Project, significantly increasing the potential resource base.

The remarkable continuity of the lithium intercepts suggest the presence of extensive lithium mineralisation throughout the project area, indicating the potential for a sizeable lithium deposit.

Bradda is targeting a +1Mt LCE (lithium carbonate equivalent) Resource this year, which would trigger the next royalty payment of US$2.5m from LRC.

Swest,

How many times do you need the Government to publicly say they back the mine before you believe them? I count at least a dozen so far, at the highest level. Were they lying? I think not.

Can we really compare ALL with Aussie Lithium juniors?

ALL is going to be producing Spod next year using modular DMS plants

ALL DFS is based on a very low price way below the current spot price, so unless the spot price drops below it, how can the Lithium price be of any concern to ALL shareholders?

ALL is 100% backed in it's plans by the Government of Ghana, in fact also helped to make sure things go to plan (the advice to resubmit the licences with the additional areas included)

The Ghanaian MIIF fund is looking to put $25-$30m into the project

The upside potential for the mine is massive

Two additional licences for work on once the revenues are flowing in to support the work

Big global OEM's (car and battery manufacturers) have already been calling ALL to get offtake, now the DFS is in place deals can be done, or they might just wait for ML, but deal discussions are obviously already in progress today and have been for a while

What do the Aussie juniors have that even comes close to that????

Does anyone have a spreadsheet of Lithium juniors and their cash, PFS/DFS figures, MCap, and timelines? I'd like to compare as many as possible so if anyone already has a spreadsheet they are happy to upload to a file share, that would save me some time, thanks!

19 July 2023

Conference Attendance

Atlantic Lithium Limited, the African-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce that the Company is attending the Noosa Mining Investor Conference in Queensland on 19-21 July.

Chief Executive Officer Keith Muller will deliver a Company presentation on Friday, 21 July at 11:15am.

Members of the Executive team will also be available throughout the conference at the Company's booth.

Details on how to register to attend the conference in person or watch online can be found via the following link: https://www.noosaminingconference.com.au/.

I'm not sure MIIF involves dilution as I see them buying into the project not into ALL. So it would be project investment for a share of the profits.

They don't need to own ALL stock for that, and it also takes away the risk that ALL could spend the profit leaving MIIF with no income.

Investing at the project level means MIIF getting their cut of profits at the mine level, which takes ALL's spending outside of the project out of the equation. Further development would come out of profits so MIIF would understand that the investment in development was for future increased profits and/or mine life.

'Critical minerals for clean energy transition to grow 3.5 times to 2030 reports IEA'

'The amount of critical minerals needed for the clean energy transition is set to grow 3.5 times to 2030 according to the IEA, which has released an online critical minerals tracker alongside today’s report.'

https://www.h2-view.com/story/critical-minerals-for-clean-energy-transition-to-grow-3-5-times-to-2030-reports-iea/

https://www.iea.org/data-and-statistics/data-tools/critical-minerals-data-explorer

Oh right, so in Vince's world there is something known as Haggisworld. It sounds like a Scottish theme park for Scottish investors in theme parks? What a weird thought. Are there actually any Scottish investors? I thought based on folklore that they kept all their money safely in the bank or under the mattress, so would never be seen risking something as risky as investing. None of which has anything to do with this thread of course. Maybe Vince will filter me for the second time now?

They must have been extremely peeved to then sell out, even though I guess they made a profit on every sell, but cutting off your nose to spite your face?? I thought they would have more professionalism than that and looked at the upside potential of keeping hold of the stock. That's one fund manager to avoid, as the last thing you need is someone that throws their toys out of the pram, negatively affecting your fund investment or pension.

LL,

"but still to be ascertained is, if the spokesperson from MIIF has the same opinion on the meaning of "about to" that you have..."

It's not my opinion I posted, it's the definition in the dictionary that I quoted ;-)

The phrase is subjective of course, but surely within certain bounds. The dictionary says "If you are about to do something, you are going to do it very soon", the pertinent part being "very soon".

Africa generally moving at a slower pace than UK, EU, USA, to them "very soon" might mean in the next month or two, but after reading his profile I'd say he's going to be more in line with UK or EU perception of "very soon", considering he's had a lot of education in the UK and was dealing with international banking prior to MIIF.

https://miif.gov.gh/team_mf/edward-nana-yaw-koranteng/

"About to" meaning:

If you are about to do something, you are going to do it very soon. If something is about to happen, it will happen very "soon."

https://www.collinsdictionary.com/dictionary/english/be-about-to

Sounds pretty near term to me.

ML and MIIF on the same day as I've suggested before?

You mean this?

"We are about to invest in a company that has discovered lithium in economic quantities in Ghana."

I wonder who they could be talking about?

It's not just EV's and storage, although they are rapidly increasing and will do so exponentially over the next 10 years. The use of Lithium in batteries for all types of electronics is also increasing, with more rechargeable things appearing all the time.

https://www.visualcapitalist.com/visualizing-25-years-of-lithium-production-by-country/

Atlantic Lithium present at the Proactive One2One Investor Forum - June 28th 2023

https://www.youtube.com/watch?v=uttDTA_cc2U

JL,

"My one concern is the slight lack of newsflow for the next year. ML this quarter, then offtake Q4. Exploration results"

I wouldn't call that any form of slack in newsflow.

The ML is the go ahead for the mi e for Government, it gives MIIF their final piece in the jigsaw that allows them to invest, and I expect them to do just that.

The offtake agreement(s) will be huge news for a couple of reasons, one is that as advised on video the company will take the best offer(s) which means a bidding war to drive up prices and an option to take substantial cash up front, the second is that the huge cash up front should make it clear once and for all to investors that no further dilution can be expected, meaning investors can load up for the final run to production in late 2024 from the DMS (installed in September 2024, 6 weeks to be up and running, means first production in 2024 not 2025, and it could be as much as 3 months earlier depending on EPA completion date).

These items are also big drivers to ii investment. Some will want the ML in place, some will want offtake in place so they know they won't see dilution after investing, etc. The company told us they have recently been doing roadshows to ii's, to they are primed to pile in once they do their due diligence and decide on when to buy based on ML and the offtake situation.

We don't need multiple other news items when we have those substantial price catalysts coming soon.

In yesterday's presentation it was advised that offtake is expected cover ALL's part of costs, so no dilution. It was said 2 or 3 times, once as part of the presentation and again in answer to question(s). It was also said that ALL will take the best offer on the table, which effectively means a bidding war is on the cards for the offtake agreement, with no doubt significant cash up front being the winner.

I see quite a bit of buying since 14:24 and there's still quite a few buys between 3pm and now. The video will be available later for anyone to watch/rewatch. Q&A will be out in a few days.