Atlantic Lithium Ltd
LSE:ALL
West African diversified developer with three discoveries in three years and six province-scale projects under development
Overview
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3,584km2 gold portfolio spread across Zaranou (400km2), Vavoua (1,114km2), Kineta (1,532km2) and Bianouan & Bodite (540km2) projects in Cote D’Ivoire.
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Situated in highly prospective Birimian terrain with exploration underway by Barrick, Newcrest, Centamin and Resolute Mining.
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Zaranou high grade drilling results include 24m at 13.59g/t Au from 136m, 6m at 15.11g/t Au from 26m, 22m at 3.39g/t au from 8m.
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Mineralization continuity firmed up over 1.7km and remains open along strike.
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Further 900km2 tenure in Saharan Metacraton gold mineralized province within Chad, with little modern-day exploration; Dorothe project includes 200km2 granted licence
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1,885km2 lithium portfolio secured across the Ivory Coast (1,172km2) and Ghana (684km2)
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Ewoyaa project in Ghana one of highest grade spodumene sources in the world, with strong recoveries and simple metallurgy.
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Scoping study produced post tax NPV8 of US$345m on 8 year mine life at 295ktpa at 6% spodumene concentrate. Upfront capex of US$68m and annual EBITDA of US$105m.
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Massive exploration upside to scale project, extend mine life into a multi-decade project and increase NPV.
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Gold assets to be spun out into a separate listed newco. Enable investors to focus on commodity exposure and unlock value.
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The strategic lithium partner to develop Ewoyaa underpins need to have separate management teams focused on the assets