Member Info for Senderos

Commenting, Keith Muller, Chief Executive Officer of Atlantic Lithium, said: “Thanks to the commitment of the Atlantic Lithium team over recent years, we are delighted to have secured parliamentary ratification of the Ewoyaa Mining Lease during the period, marking a defining milestone for the Project. The approval, alongside the introduction of the new Legislative Instrument for royalty rates for lithium projects in Ghana, provides the foundations for the Project’s development towards becoming the country’s first lithium mine. “The ratification of the Mining Lease enables us to advance discussions with all our partners in the Project relating to Project funding and the establishment of an agreed pathway to Project FID, which will be led by the learnings of the work completed through H2 2025 to identify optimisations to the Project’s design and engineering. “Concurrently, we are taking steps to finalise a programme of activities centred on the socio-economic development of our local communities in the Central Region. Our local stakeholders have remained vocal in their support for the Project, throughout the permitting process and subsequently, and this programme reflects the step-up, post-ratification, of the Company’s efforts towards delivering the long-term, sustainable benefits that the Project is expected to deliver for these communities. “We look forward to providing further updates in due course.” Authorised for release by Amanda Harsas, Finance Direct

Project Development: - - - - Ratification of the Mining Lease in respect of the Company’s flagship Ewoyaa Lithium Project (“Ewoyaa” or the “Project”) by the Parliament of Ghana, representing the Government’s formal approval of the proposed Ewoyaa Lithium Mine and Processing Plant. The ratified Mining Lease includes a revision of certain fiscal terms, comprising the alignment of the Project's royalty rate and Growth and Sustainability Levy to current legislated rates in Ghana. o Following the expiration of the necessary review period, a new Legislative Instrument, Minerals and Mining (Royalty) Regulations, 2025, which outlines a sliding scale (5.0% - 12.0%) for royalty rates for lithium projects in Ghana, became legally binding. Ratification enables the Company to advance discussions relating to Project funding and continue its progress towards a Project Final Investment Decision (“Project FID”). Work underway to finalise a programme of initiatives focused on the socio-economic development of the Project’s affected communities in Ghana’s Central Region. Exploration: - Completion of Phase 4 soil sampling within the Company’s wholly-owned Agboville and Rubino licences in Côte d’Ivoire, with results pending. Corporate: - - - Secured access to funding of up to a combined value of US$16.4m (AUD 23.1m / £12.2m) through: o A Strategic Investment by a group of Ghanaian pension funds (together, the “Ghanaian Investors”) to invest up to c. US$11.0m (AUD 15.5m / £8.2m) in the Company; and o A third placement under the Company's share placement agreement with Long State Investments Ltd (“Long State”) to raise US$5.4m (AUD 7.6m / £4.0m). Cessation of discussions with an undisclosed entity in respect of a potential corporate transaction, following the receipt of a conditional, non-binding, indicative change of control proposal for the acquisition of 100% of the Company's share capital by way of a scheme of arrangement (the “Proposal”). Cash on hand at end of quarter was A$13

No time wasting today. They will have to report on the ASX. Maybe they throw in something we don't know yet.

Discussions, any discussions...

Someone is wasting no time buying shares on ASX. Pays up to 17p eq..

Before ratification occurred nothing had to be done by ELV, they were happy to watch the circus show around the Ghanian parliament.

Ratification changed everything and now ELV has to do the rolling around, kicking the ball away and so on. The ref should have shown a yellow card a few weeks ago and ALL's protest's should have been much louder. If ELV keeps wasting time, they may get a straight red card and be sent off. Bring on a T/O.

2023 Annual Report published

Where did all the money go. It reads like a horror story. Neil, Amanda, Len all involved.

I hope All's story has a better outcome. There is still hope.

I am writing to provide an update on the Company’s latest developments and outline ongoing activities that relate to the Company’s efforts to realise value for shareholders. Through 2024, in order to focus on its highest-priority assets, in the best interests of all shareholders, the Company took steps to rationalise its asset portfolio and conserve cash. This led to the Company relinquishing its interest in its non-core gold assets in Chad, Liberia and Côte d’Ivoire, and reducing staff headcount. Concurrently, against the backdrop of a sustained subdued global lithium market, the Company found it necessary to re-evaluate its ability to advance the Atex Lithium-Tantalum Project in Côte d’Ivoire. At the Zaranou Gold Project in Côte d’Ivoire, the Company has identified a 47km striking shear structure along the length of the licence, which covers highly prospective Birimian terrain. To date, the Company has completed over 80,000m of air core, reverse circulation and diamond core drilling over the licence, with highlight intersections including: • 14m at 10.5g/t from 101m incl. 1m @ 6.8g/t, 72.6g/t, 14.6g/t, 4.1g/t, 7.6g/t, 9.1g/t, 5.1g/t, 4.9g/t, 17.5g/t, 3.2g/t • 19m at 7.1g/t from 127m incl. 1m @ 1.1g/t, 6.3g/t, 1.6g/t, 2.5g/t, 4.3g/t, 4.2g/t, 19.7g/t, 54.9g/t, 28.1g/t, 1.8g/t, 9.4g/t • 4m at 19g/t from 39m incl. 1m @ 75.1g/t • 8m at 8.5g/t from 32m incl. 1m @ 1.2g/t, 7.1g/t, 1g/t, 11.3g/t, 38.1g/t, 9.2g/t • 3m at 22.5g/t from 25m incl. 1m @ 62.9g/t, 4.1g/t • 6m at 10.4g/t from 5m incl. 1m @ 60.8g/t • 18m at 3.2g/t from 145m incl. 1m @ 14.8g/t, 13.2g/t, 3.9g/t, 5.9g/t, 3.1g/t, 4.9g/t, 3.6g/t, 3.9g/t • 19m at 2.8g/t from 18m incl. 1m @ 3.3g/t, 5.1g/t, 36g/t, 2.4g/t, 4.2g/t Management believes that, particularly in the current robust gold market, the Project represents a highly attractive opportunity for value creation through exploration success, including through delineating a Maiden Resource at the Project. Recognising the Company’s financial and operational constraints, and noting the interests expressed by third parties in the Company and its assets, management has, therefore, been working on ‘merger’ opportunities which, if successful, would result in the Company being acquired by another listed entity. This aims to enable trading of investors’ shares on a public market and provide an opportunity for shareholders to realise maximum value of the Zaranou Project. To this end, the Company recently appointed an external advisor to enable the finalisation of the Company’s financial accounts, which had been disrupted as a result of the Company’s reduced headcount and will support the completion of the transaction. We appreciate shareholders’ patience as this work continues and hope to provide further updates soon. Yours sincerely, Stuart Crow Non-Executive Chairman Ricca Resources Limited ACN 617 729 521 Post: Level 17, Angel Place, 123 Pitt Street, Sydney NSW 2000 Phone: +61 2 7229 4899 Email: info@ri

Would be nice. On my chart i have a 8p price target.

I think you are talking Firering (FRG).

With gold at ATH Ricca should do really well, but nothing happens.

Finally 4p taken out....

Plus 30 % in Australia as of writing.

What is going on. Rat?

What happened to Ricca Res. Same management, never listed (gold ATH).

No news either.

I know they went all in on ALL, but looking @ Ricca doesn't lift my spirits.

From a plethora of news to a Mexican standoff.

That's when good BOD's come out and explain and not keep us guessing.

Neil you're better than that. Come on.

Good article.

Now spread the word and tell those members to turn up next time they're sitting.

Don't get greedy and let them know what they could miss in case of no ratification.

A11 @ 26.5 CTS WAS A JOKE. Topped up as well. Hope it can climb back to 20p. (39cts)

Tumbling world markets do not help

Overpromise, underdeliver does not help.

Maybe some Assore bidding could help.

Yes, rat will happen eventually, but NH was commenting to casually. Someone please whipe the egg of his face.

And looking at the bright side, September comes before October.

Problem is, that NH commented that rat could be in the next sitting, beginning in October.

Such a shame, that Ghana shoot their own feet. Still in Africa, even if one of the best in class.

I wonder if Rat does not happen this term, BOD could decide to sell ALL to Assore for ~ 40p and move on to their other project where they are involved in.

I hope this does not happen, and the Ghanian parliament will soon throw their arms around Ewoyaa. Ghana do not get too greedy, please.