분기별 활동 및 현금 흐름 보고서
24 4월 2024
분기별 활동 및 현금 흐름 보고서
31년 2024월 XNUMX일 종료 분기
Atlantic Lithium looks ahead to major near-term value-drivers as it advances
the Ewoyaa Lithium Project towards shovel-readiness
가나 최초의 리튬 광산 공급을 목표로 하는 아프리카 중심 리튬 탐사 및 개발 회사인 Atlantic Lithium Limited(AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" 또는 "회사") 이사회는, is pleased to announce its Quarterly Activities and Cash Flow Report for the period ended 31 March 2024.
보고 기간의 주요 내용:
프로젝트 개발:
- Overwhelmingly strong local community support demonstrated at the Environmental Protection Agency ("EPA") Scoping Public Hearing in respect of the Company's Ewoyaa Lithium Project ("Ewoyaa" or "the Project") in Ghana.
- Completion and submission of Ewoyaa Feldspar Study and Downstream Conversion Study to Ghana's Minerals Commission, as agreed under the terms of the grant of the Mining Lease for the Project.
- Engagement with industry-leading engineering firms with proven experience in Ghana ahead of tender process for the award of the Engineering, Procurement, and Construction Management ("EPCM") contract.
- Further key strategic appointments in support of mine development.
탐구:
- Assay results received for a total of 9,734m of drilling completed in 2023 over the new Dog-Leg target, Okwesi, Anokyi and Ewoyaa South-2 deposits, which sit outside of the current JORC (2012) compliant 35.3Mt @ 1.25% Li2O Mineral Resource Estimate ("MRE")1 프로젝트를 위해.
· Results reported during the period represent the final results for the 2023 drilling season, with a total of 25,898m drilled throughout the year.
· Multiple high-grade and broad drill intersections reported in results, including at Dog-Leg, where drilling intersected a shallow-dipping, near surface mineralised pegmatite body with true thicknesses of up to 35m.
· Highlight intersections include 69m at 1.25% Li245% Li에서 83m 및 1m의 O2O from 36m at Dog-Leg.
- Completion of reverse circulation ("RC") and diamond core ("DD") resource growth drilling at the Dog-Leg target, with assays pending.
- Results of drilling completed in 2023 and results pending for 2024 to be incorporated into a MRE upgrade, targeted during H2 2024.
- Completion of 3,177m of plant site sterilisation drilling, with no mineralisation intersected, providing confidence in the proposed plant site location.
사후 종료:
- Final approval received to commence field work at the newly-granted Senya Beraku prospecting licence.
- Promotion of Exploration Manager Iwan Williams to General Manager, Exploration and Country Manager Abdul Razak to Exploration Manager, Ghana following the decision of Head of Business Development & Chief Geologist Len Kolff to step down from his roles at the Company.
· Changes to the exploration team focused on enabling the advancement of the Company's exploration asset pipeline and the evaluation of new value-accretive opportunities to ensure the long-term growth of the Company.
회사 :
- Completion of the Minerals Income Investment Fund of Ghana's ("MIIF") Subscription for 19,245,574 Atlantic Lithium shares for a value of US$5m, representing Stage 1 of MIIF's agreed total US$32.9 million Strategic Investment to expedite the development of the Project towards production.
- Strong interest for spodumene concentrate to be produced at Ewoyaa continues to be demonstrated from a range of industry players around the world through the Company's ongoing competitive offtake partnering process to secure funding for a portion of the remaining 50% available feedstock from Ewoyaa.
· Formal bids from remaining interested parties expected to be received in the coming weeks ahead of final negotiations.
- Purchase of 24.3m Atlantic Lithium shares at a premium by major shareholder Assore International Holdings ("Assore") from strategic funding partner Piedmont Lithium Inc. (NASDAQ: PLL; ASX: PLL, "Piedmont").
- Further purchase of the Company's shares from members of the Company's senior leadership team, equating to a total value of A$5,192,393 (£2,794,015) since March 2023.
Atlantic Lithium의 Neil Herbert 회장은 이렇게 말했습니다.:
"With our sights firmly set on breaking ground at the Ewoyaa Lithium Project later this year, Atlantic Lithium remains fully focused on activities that de-risk the Project and move Ewoyaa closer to shovel-readiness.
"Key to achieving this milestone is the success of the ongoing permitting process, which is advancing as anticipated. We are proud to note the overwhelming support of our local communities, who, as demonstrated during the recent EPA Scoping Public Hearing, are eager to see Ewoyaa deliver the generational benefits expected to be brought about from lithium production in their municipality.
"Following the completion of its US$5m investment in the Company, we are delighted to welcome the Minerals Income Investment Fund of Ghana to the Atlantic Lithium share register as a highly valued local stakeholder and key funding partner. MIIF's subscription represents the first stage of its planned US$32.9m total investment, expected to expedite the development of the Project. We continue to work closely with MIIF to complete the remainder of its planned Project-level investment in due course.
"Significant work in respect of the agreed terms of the grant of the Mining Lease for the Project has also been completed during the period. Both the Feldspar Study and Downstream Study have been finalised and submitted to the Minerals Commission, and we are working with the Ghana Stock Exchange and associated parties to enable our listing on the GSE as soon as possible.
"Concurrent to these, we continue to enhance the value of the Project; both through drilling completed in 2023 and planned for the remainder of 2024. Drilling completed in 2023 has delivered encouraging results, including new targets for follow-on work, to be undertaken in H2 2024. We look forward to incorporating the 2023 results and results to be received from drilling planned for H2 2024 into a MRE update later this year.
"I would like to congratulate Iwan Williams and Abdul Razak on their promotions, to General Manager, Exploration and Exploration Manager, Ghana, respectively, following Len's decision to step down from his roles at the Company. Iwan and Razak have led the Company's exploration activities alongside Len since before the delivery of the Maiden MRE at Ewoyaa in 2020, and are, therefore, well-credentialled to lead the Company's exploration efforts, focused primarily on advancing our current portfolio of assets in West Africa, as well as assessing new opportunities in Ghana and elsewhere.
"On behalf of the Board, I would also like to thank Len for his significant contributions to the leadership of the Company throughout his nine years with Atlantic Lithium. His expertise has been fundamental to getting us to where we are today, notably his role in the discovery of the Project and for stepping up to assume the role of Interim Chief Executive Officer following the untimely passing of the Company's founder, Vincent Mascolo. I wish him every success in his future endeavours.
"Looking forward, we have a number of other major catalysts in the months ahead of us. These include the conclusion of the competitive offtake partnering process for a portion of Ewoyaa's remaining offtake available, which will serve as a major funding milestone for the Company, the ratification of the Mining Lease by parliament and, in line with the ongoing permitting process, the grant of the final permits; namely the EPA Permit and Mine Operating Permit, which are required by the Company to enable the commencement of construction at Ewoyaa.
"우리는 적절한 시기에 진행 상황에 대해 시장을 업데이트하기를 기대합니다."
이 발표는 시장 남용 규정(EU) 7/596의 2014조 목적을 위한 내부 정보를 포함하며 유럽 연합(철회)법 2018("MAR")에 따라 영국 국내법의 일부를 구성하고 공개됩니다. MAR 제17조에 따른 회사의 의무에 따라
이 릴리스에서 언급된 그림과 표는 다음 링크를 통해 PDF 버전으로 볼 수 있습니다.
http://www.rns-pdf.londonstockexchange.com/rns/7914L_1-2024-4-24.pdf
Ewoyaa 리튬 프로젝트, 가나, 서아프리카
During the period, the Company continued to advance its flagship project, the Ewoyaa Lithium Project, through the permitting phase towards production. The Project is on track to become Ghana's first operating lithium mine, and one of the largest hard rock spodumene concentrate mines globally2.
The Project has secured project development funding via an earn-in agreement with Piedmont. Ewoyaa, located in Ghana, West Africa, approximately 100km southwest of the capital of Accra, comprises eight main deposits, including Ewoyaa, Okwesi, Anokyi, Grasscutter, Abonko, Kaampakrom, Sill and Bypass. The Project is well located, being adjacent to operational infrastructure including within 1km of the Takoradi - Accra N1 highway, 110km from the Takoradi deep-sea port and adjacent to grid power, within the pro-mining jurisdiction of Ghana (참조 그림 1).
그림 1 : Ewoyaa 리튬 프로젝트 위치
공동주택에 대한 관심
At the end of the quarter ending 31 March 2024, the Company had an interest in the following tenements:
연립주택 번호 | 아파트 | 교장 | 부여 날짜/ | 유효 기간 | 기간 | 분기 중 변화 | |
가나 |
| ||||||
PL3 / 67 | Apam 이스트 | Obotan Minerals Company Limited | 06.11.23 | 05.11.26 | 3년 | 없음 | |
PL3 / 92 | 아팜 웨스트 | Obotan Minerals Company Limited | 06.11.23 | 05.11.26 | 3년 | 없음 | |
RL 3/55 | 만케심 | Barari DV 가나 제한 | 27.07.21 | 26.07.24 | 3년 | 없음 | |
PL3 / 102 | 염전 | 조이 트랜스포터즈 리미티드 | 06.11.23 | 05.11.26 | 3년 | 없음 | |
PL3 / 109 | 맨케심 사우스 | 녹색 금속 자원 제한 | 06.11.23 | 05.11.26 | 3년 | 없음 | |
PL3 / 106 | 케이프 코스트 | 조이 트랜스포터즈 리미티드 | 15.11.21 | 14.11.24 | 3년 | 없음 | |
RML-N-3/181 | 세냐 베라쿠 | Green Metals Resources Limited(100% 대서양) | 09.11.23 | 08.11.26 | 3년 | 없음 | |
PL-I-3/15 | 베와제 | 녹색 금속 자원 제한 | 09.11.23 | 08.11.26 | 3년 | 없음 | |
ML-3 / 239 | Mankessim Mining Lease | Barari DV Ghana Limited (90% Atlantic) | 20.10.23 | 19.10.38 | 15년 | 없음 | |
Ekrubaadze PL | 녹색 금속 자원 제한 | 03.10.23 | 어플리케이션 | 없음 | |||
Asebu (Winneba North) | Green Metals Resources Limited(100% 대서양) | 28.06.21 | 어플리케이션 | 없음 | |||
Mankwadze(위네바 사우스) | Green Metals Resources Limited(100% 대서양) | 28.06.21 | 어플리케이션 | 없음 | |||
만크와지 | Obotan Minerals Company Limited | 15.03.18 | 어플리케이션 | 없음 | |||
오냐제 | 녹색 금속 자원 제한 | 23.08.21 | 어플리케이션 | 없음 | |||
아이보리 해안 |
| ||||||
PR695 | 루비노 | 칼리시 리소스 SARL | 20.10.16 | 어플리케이션 | 없음 | ||
PR694 | 아그보빌 | 칼리시 리소스 SARL | 20.10.16 | 어플리케이션 | 없음 |
March Quarter Activities
프로젝트 개발
EPA Public Hearing
In accordance with the Project's permitting process and following the Company's submission of the Scoping Report to the Ghana Environmental Protection Agency ("EPA"), in February 2024, the EPA held the first public hearing (scoping) in respect of the Ewoyaa Lithium Project.
The event, which was held in Ewoyaa and forms a key part of the required Environmental Impact Statement approval process, welcomed over 1,000 representatives, including Chiefs, elders and community members of the Project's catchment area, plus government officials and other key stakeholders.
그림 2 : General Manager, Operations, Ahmed-Salim Adam presenting at the EPA Scoping Public Hearing
During the hearing, members of the Company's project leadership team provided further detail to the planned activities at Ewoyaa, as well as outlining the considerable socio-economic benefits that the Project is expected to bring to the Central Region, while pledging to maintain close collaboration with all local stakeholders to ensure that their best interests are acted upon. EPA Deputy Executive Director, Mr Ransford Sekyi, explained the permitting processes and invited attendees to present any queries or concerns they may have, which were addressed by the Company in the public forum. The overwhelmingly positive engagement demonstrated at the hearing indicated the strong support for the Project within the local community.
Earlier in the quarter, in an engagement led by Deputy Minister George Duker with local traditional leaders and a delegation from the Ministry of Lands and Natural Resources and the Minerals Commission, the Central Regional House of Chiefs also provided its endorsement for the advancement of the Project.
Following the completion of impact studies during the period, the Company remains on schedule to submit the Environmental Impact Statement before the end of Q2 2024, following which the EPA is expected to organise a second and final public hearing.
The Company is also currently working to finalise the Mine Operating Plan, which is a requirement for the grant of the Mine Operating Permit, in advance of parliamentary ratification of the Mining Lease and the grant of the EPA Permit.
Project Studies
In satisfaction with the terms of the grant of the Ewoyaa Mining Lease, the Company has now completed and submitted to the Minerals Commission both i) the Feasibility Study ("Feldspar Study") to assess the viability of producing and processing feldspar feedstock as by-product of spodumene concentrate production at the Project, and II) the Scoping study ("Downstream Conversion Study") to evaluate the economic benefits and viability of downstream lithium conversion in Ghana.
The Company confirms that the results of the Feldspar Study support its current intentions to produce feldspar at Ewoyaa, which the Company plans to supply to the local Ghanaian ceramics market. The Company believes Ewoyaa represents a major source of domestic feldspar in Ghana. Through the supply of feldspar produced at Ewoyaa to the local market, Atlantic Lithium aims to support the growth of Ghanaian businesses associated with the industry, and the local economy as a whole.
Following the submission of the Downstream Conversion Study to the Minerals Commission, the Company continues to closely collaborate with the key parties in Ghana, including the Minerals Commission, with regards to supporting Ghana's objectives of developing lithium resources of sufficient scale and longevity to facilitate downstream processing.
In addition, as also agreed under the terms of the Mining Lease, the Company continues to advance the necessary proceedings with the intention to list the Company's shares to trading on the Ghana Stock Exchange as soon as practicable.
프로젝트 엔지니어링
As per the terms of its engagement, multi-disciplinary engineering, project delivery and operations management group DRA Projects ("DRA") is currently in the process of finalising its value-engineering reports on the Front-End Engineering Design ("FEED") package undertaken for the Ewoyaa Definitive Feasibility Study ("DFS") and is preparing an Engineering, Procurement, Construction, and Management ("EPCM") contract, and the associated individual packages, which will serve as the foundation for the execution of the Project.
Australian-based engineering firm Primero Group ("Primero") was previously providing Front-End Engineering Design ("FEED") services to the Company in respect of the proposed processing plant at Ewoyaa, following the award of the FEED contract in December 2022. Primero was selected for the FEED on the basis of the firm's experience in delivering Dense Media Separation ("DMS") processing plants with comparable flow sheets to Ewoyaa's and the close proximity of the company's office with the Atlantic Lithium team in Perth, Australia.
Ahead of the tender process for the award of the EPCM contract for the construction of the Project, the Company has decided to now engage with engineering houses with proven EPCM experience in Ghana specifically. The Company intends to commence the tender process following the receipt of the reports from DRA, which is expected to enable the award of the EPCM contract post ratification of the Ewoyaa Mining Lease.
With stand-out industry experience of DMS processing plant construction in Ghana, West Africa and internationally, spanning several decades, DRA is expected to be among the companies participating in the EPCM tender process.
프로젝트 자금
Under the Project's current funding arrangements, and considering a total development expenditure of US$185m for the Project, as indicated in the DFS, Piedmont is required to contribute the first US$70m of development expenditure as sole funding, and 50% of all development expenditure thereafter.
A portion of Piedmont's expenditure obligations across certain categories of development expenditure relating to the Project remains outstanding (US$2.1m for the period from October to March 2024; refer Company's previous Quarterly Activities and Cash Flow Report, announced on 1월 31 2024). Piedmont has contributed 50% of the development expenditure across these categories for the same period. The Company remains actively engaged in discussions with Piedmont concerning these amounts and an established process exists for resolution.
Exploration and studies activities are currently jointly funded by the Company and Piedmont, with neither party having any outstanding expenditure obligations.
During the period of January to March 2024, Piedmont contributed a total of US$7.0m towards the funding of the Project.
Strategic Hires
The Company continues to recruit actively for positions, both in Ghana and in Australia, across all elements of the business, deepening the expertise within the team and intended to support the Company's objectives. For its activities in Ghana, across all functions, Atlantic Lithium is focused on prioritising local recruitment, which it considers as a key means to ensure maximum benefit generated by the Project is delivered to the Central Region and to Ghana more broadly.
탐구
Results from Drilling Completed in 2023
During the period, the Company received assay results for a total of 9,734m of extensional resource reverse circulation ("RC") drilling completed at the new Dog-Leg target, Okwesi, Anokyi and Ewoyaa-South 2 deposits, which sit outside of the current 35.3Mt @ 1.25% Li2오 므레1. These represent the final results from drilling undertaken during 2023, with a total of 25,898m drilled.
Broad and high-grade intersections were reported, with new mineralisation defined at the Dog-Leg target and mineralisation extended at depth, outside of the current MRE, at the Okwesi, Anokyi and Ewoyaa-South 2 deposits, respectively (참조 표 1).
Table 1: Drill intersection highlights at greater than 10 Li x m, reported at a 0.4% Li2O 컷오프 및 최대 4m 내부 희석
구멍 ID | From_m | 톰 | Interval_m | 구멍깊이_m | Li2O% | 가로 지름 | Comment | 금속 함량 Li xm | 구멍 목적 | 입금 |
GRC1024 | 45 | 114 | 69 | 250 | 1.25 | GRC1024: 69% Li에서 1.25m2오 45m에서 | 86.25 | 자원 드릴링 | 개 다리 | |
GRC1020 | 36 | 119 | 83 | 250 | 1.00 | GRC1020:83m at 1% Li20 from 36m | 83.00 | 자원 드릴링 | 개 다리 | |
GRC1017 | 87 | 134 | 47 | 156 | 1.05 | GRC1017: 47% Li에서 1.05m2오 87m에서 | 49.35 | 자원 드릴링 | 개 다리 | |
GRC1027 | 160 | 194 | 34 | 230 | 1.02 | GRC1027: 34% Li에서 1.02m2오 160m에서 | 34.68 | 자원 드릴링 | 개 다리 | |
GRC0996 | 29 | 53 | 24 | 80 | 1.21 | GRC0996: 24% Li에서 1.21m2오 29m에서 | 29.04 | 자원 드릴링 | EWY_Sth2 | |
GRC0994 | 105 | 116 | 11 | 135 | 1.89 | GRC0994: 11% Li에서 1.9m2오 105m에서 | 20.82 | 자원 드릴링 | 오케시 | |
GRC1023 | 159 | 183 | 24 | 212 | 0.81 | GRC1023: 24% Li에서 0.81m2오 159m에서 | 19.44 | 자원 드릴링 | 개 다리 | |
GRC1024 | 141 | 163 | 22 | 250 | 0.85 | GRC1024: 22% Li에서 0.85m2오 141m에서 | 18.78 | 자원 드릴링 | 개 다리 | |
GRC1020 | 139 | 160 | 21 | 250 | 0.87 | GRC1020: 21% Li에서 0.87m2오 139m에서 | 18.27 | 자원 드릴링 | 개 다리 | |
GRC0989 | 108 | 120 | 12 | 140 | 1.48 | GRC0989: 12% Li에서 1.49m2오 108m에서 | 17.79 | 자원 드릴링 | 오케시 | |
GRC1030 | 111 | 127 | 16 | 200 | 1.08 | GRC1030: 16% Li에서 1.08m2오 111m에서 | 17.27 | 자원 드릴링 | 개 다리 | |
GRC0983 | 38 | 50 | 12 | 120 | 1.33 | GRC0983: 12% Li에서 1.34m2오 38m에서 | 16.01 | 자원 드릴링 | EWY_Sth2 | |
GRC1000 | 22 | 31 | 9 | 120 | 1.68 | GRC1000: 9% Li에서 1.68m2오 22m에서 | 풍화된 페그마타이트 | 15.08 | 자원 드릴링 | EWY_Sth2 |
GRC1005 | 135 | 143 | 8 | 160 | 1.74 | GRC1005: 8% Li에서 1.75m2오 135m에서 | 13.95 | 자원 드릴링 | 오케시 | |
GRC0986 | 122 | 131 | 9 | 150 | 1.50 | GRC0986: 9% Li에서 1.51m2오 122m에서 | 13.54 | 자원 드릴링 | 오케시 | |
GRC1032 | 83 | 95 | 12 | 180 | 1.11 | GRC1032: 12% Li에서 1.11m2오 83m에서 | 13.29 | 자원 드릴링 | 개 다리 | |
GRC0990 | 142 | 151 | 9 | 170 | 1.39 | GRC0990: 9% Li에서 1.39m2오 142m에서 | 12.48 | 자원 드릴링 | 오케시 | |
GRC0991 | 150 | 160 | 10 | 180 | 1.19 | GRC0991: 10% Li에서 1.2m2오 150m에서 | 11.93 | 자원 드릴링 | 오케시 | |
GRC0992 | 148 | 158 | 10 | 175 | 1.13 | GRC0992: 10% Li에서 1.14m2오 148m에서 | 11.32 | 자원 드릴링 | 아노키 |
참고 : Metal content is based on intercept rather than estimated true width. For estimated true widths, refer to announcements of 5 2월 2024 와 월 19 2024.
The results at the Dog-Leg target, in particular, are note-worthy as they define a new, shallow-dipping, near surface mineralised pegmatite body outside of the current MRE1 with true thicknesses up to 35m, providing potential to add significant near surface resource tonnes below the current pit shells, with likely low stripping ratios (참조 그림 3).
그림 3 : Near-surface mineralised pegmatite body interpreted in drilling just below the current pit floor, as per the mine plan developed for the DFS for the Project, and as an extension outside of the current MRE1 at the new Dog-Leg target
그림 4 : Location of the new Dog-Leg target and planned 2024 drilling within the 13km strike Mine Corridor
In addition, the Company continues to advance its in-house geochemical analysis and review of the 20,000m auger drilling and soils programme completed in 2023 over the extensions to the known pegmatite swarm, exploration targets within the Saltpond licence and the Cape Coast licence.
Ongoing 2024 Drilling Programme
With current activities focused on supporting the mine build, the Company intends to recommence resource extension and exploration drilling in H2 2024 through a total 7,372m drilling programme, comprising 5,982m of resource extension drilling and 1,390m of exploration drilling.
During the period, to follow up on the encouraging results from drilling completed in 2023, the Company completed 804m of RC drilling and 70m of diamond core drilling at Dog-Leg, with assays pending, expected in Q2 2024.
The Company also completed plant site sterilisation drilling for a total of 3,177m in 21 holes, with no mineralisation intersected, providing confidence in the proposed plant site location.
Included in the drilling programme for the remainder of 2024, the Company intends to RC drill test the new Otsir target, which was defined in auger drilling completed in 2023 (참조 그림 4).
The Company intends to incorporate the results of drilling completed in 2023 and results pending for 2024 into a MRE upgrade for the Project, targeted during H2 2024.
Concurrently, the Company is continuing its regional exploration programmes to advance the exploration project pipeline, with mapping and rock chip sampling now underway over the Cape Coast licence and detailed surface mapping of access roads and drill pads underway over the 13km 'mine corridor' (참조 그림 4).
Senya Beraku Prospecting Licence
Following the grant of the Senya Beraku prospecting licence (참조 그림 5) to the Company's subsidiary Green Metals Resources Limited in Q4 2023, the Company was granted, post-period, final approval required to enable the commencement of field work over the licence.
The Company is currently undertaking a community engagement programme to inform the community of the Company's planned activities, after which field programmes, including soil sampling, mapping and rock chip sampling, are expected to commence.
The award of the Senya Beraku licence provides the Company with exclusive access to explore 82.11km2 of new, prospective, under-explored tenure.
그림 5 : Atlantic Lithium granted and under-application tenure in Ghana
Exploration Team Changes
After nine years with the Company, Head of Business Development and Chief Geologist Len Kolff has taken the decision to step down from his roles and will leave Atlantic Lithium to pursue other business interests.
The Board and Management team would like to thank Len for his extensive input throughout his time working with Atlantic Lithium, which have played a significant role in advancing the Company to where it is today. Notably, this includes leading the exploration team to make the initial discovery of the Project in 2018; subsequently driving the Company's exploration and evaluation programmes across Ghana to de-risk and add value to the Project; and establishing the Company's portfolio of exploration assets and further value addition opportunities, in Ghana and elsewhere.
Len also assumed the role of Interim Chief Executive Officer in 2022, stepping up at a crucial time in the Company's history following the untimely passing of its founder. His leadership during this challenging period was fundamental in ensuring the continued success of the Company. The Board and Management team wish him every success in his future endeavours.
In line with Len's departure, Iwan Williams, who has spent over five years of his 25+ year career as Exploration Manager with Atlantic Lithium, during which time he had overseen the delivery of the Project's Maiden MRE in January 2020 and subsequent MRE upgrades at Ewoyaa, will assume the role of General Manager, Exploration. In this role, Iwan will be responsible for advancing the Company's exploration portfolio in West Africa and the evaluation and generation of new value-accretive opportunities to support the long-term growth of the Company. His focus will be primarily on Ghana, while also assessing hard rock lithium opportunities outside of Ghana.
Country Manager Abdul Razak, who has also been responsible, alongside Len and Iwan, for leading the Company's in-country exploration team in the discovery and development of the Ewoyaa Lithium Project over the past eight years, will assume the role of Exploration Manager, Ghana. Abdul Razak has considerable exploration, resource evaluation and project management experience in Ghana, having worked with a number of the gold majors operating in the country over the course of his 20+ year career.
Atlantic Lithium is proud to have a fully Ghanaian in-country team, which demonstrates the Company's commitment to maintaining the highest possible levels of local employment.
Corporate
MIIF 전략적 투자
Stage 1 - Completion of US$5m Subscription
During the period, the Minerals Income Investment Fund of Ghana ("MIIF") subscribed for 19,245,574 Atlantic Lithium shares at a price of US$0.2598 (A$0.39 / £0.20) per share ("Subscription"), for a total consideration of US$5m, intended to be used towards development funding for the Project.
The completion of the Subscription represents Stage 1 of MIIF's agreed US$32.9m total investment ("Strategic Investment") in the Company and its Ghanaian Subsidiaries to expedite the development of the Project and the broader Cape Coast Lithium Portfolio in Ghana ("Ghana Portfolio") towards production.
As agreed under the terms of the Subscription, 9,622,787 options were granted to MIIF with an exercise price of US$0.3637 and an expiry date of 23 July 2025.
MIIF is also entitled to nominate one person to the Company's Board of Directors.
Stage 2 - US$27.9m Project-level Investment
Under the terms of Stage 2 of its Strategic Investment, and subject to the Company reaching a binding agreement with MIIF, MIIF has agreed to invest a further US$27.9m in the Company's Ghanaian subsidiaries to acquire a 6% contributing interest in the Ghana Portfolio, inclusive of the Project.
The US$27.9m Project-level investment and the contributing interest is expected to take the form of funding of development, exploration and studies expenditure to support the advancement of the Project.
The Company is currently working closely with MIIF to finalise the Project-level investment.
Competitive Offtake Partnering Process
The Company has continued to advance the competitive offtake partnering process, which is being led by global investment bank Macquarie Capital, to secure funding for a portion of the remaining 50% available feedstock from Ewoyaa.
이 프로세스의 목적은 프로젝트에 대한 회사의 개발 지출 할당을 충분히 충당하고, 프로젝트 개발을 촉진하고 위험을 제거하고, 계약된 모든 구매에 대한 매력적인 조건을 실현하고, 신뢰할 수 있는 파트너를 확보하기 위한 자금 제안을 유치하는 것입니다. 글로벌 전기 자동차 시장에 리튬을 공급하려는 회사와 가나의 목표를 지원합니다.
Following the completion of Stage 1 of the process in January 2024, which comprised early preparation and initial engagement with over 80 interested parties, the Company is advancing a more detailed Stage 2 due diligence phase with its preferred parties.
Through the process, the Company has indicated its preferred terms of up to 500,000t of spodumene concentrate to be contracted over a 3-5-year period, using a favourable market-based pricing mechanism, for a consideration of up to US$100m in the form of a pre-payment arrangement, which would be expected by the Company to sufficiently cover its allocation of development expenditure for the Project.
Terms of the non-binding indicative offers proposed by the parties that were taken forward into Stage 2 all meet the Company's expressed criteria.
Formal bids from the remaining interested parties are expected to be received in the coming weeks for consideration, ahead of final negotiations, which forms Stage 3, the final phase of the process.
The Company remains on track to announce the outcome of the process and its preferred offtake partner in the coming months.
The process has demonstrated the resoundingly strong demand for Ewoyaa's lithium products globally, with interest received from all types of industry players, including OEMs, traders, chemical converters and battery gigafactories.
Investors should note that, until a formal agreement is made and announced to the market, there can be no guarantee that an agreement of any sort will be signed as a result of the ongoing process.
Assore Share Purchase
During the period, the Company's largest shareholder, Assore Interntional Holdings ("Assore"), increased its stake in Atlantic Lithium through the purchase of 24.3m Atlantic Lithium shares from the Company's strategic funding partner, Piedmont, at a premium to the share price at the time. Assore's and Piedmont's holdings now sit at 27.6% and 5%, respectively, following the transaction.
The Company believes that Assore's purchase of Atlantic Lithium shares at a premium reflects their inherent belief in the Company's substantial value potential, which is yet to be realised.
Director Purchases
Post-period, Executive Chairman Neil Herbert purchased in the market a total of 133,000 ordinary shares in the Company of no par value each, equating to a value of £24,771 (A$47,590).
Following the share purchase, Directors and persons discharging managerial responsibilities ("PDMR"; or Key Management Personnel, "KMP") of the Company have purchased a total of 10,152,227 shares equating to a value of A$5,192,393 (£2,794,015) since March 2023.
참석한 컨퍼런스
The Company attended the following conferences and events during the period:
- Mining Indaba, Cape Town (5-8 February)
- Red Cloud's Pre-PDAC Mining Showcase, Toronto (29 February - 1 March)
- PDAC, Toronto (3-6 March)
Exploration-focused Webinar
On 23 April 2024, the Company held an investor webinar focused on its exploration activities, entitled, "Exploration: A Deep Dive into Ewoyaa", 구성 i) an overview of the Company's exploration methodology and how it made the initial discovery of and has since developed the Ewoyaa Lithium Project in Ghana II) a summary of exploration activities undertaken across the Cape Coast Lithium Portfolio to-date; and III) an outline of near-term opportunities at the Project that present potential value drivers for the Company.
A recording of the webinar will shortly be made available on the Company's website.
지속 가능성
국제 여성의 날
Acknowledging the immense contributions that women make every day to communities, workplaces and economies, Atlantic Lithium was proud to celebrate International Women's Day through its attendance at events in Australia and Ghana.
Atlantic Lithium is committed to being an equal opportunity employer and is proactive in its efforts to drive inclusion, empowerment and women's advancement in the mining sector.
Members of the Atlantic Lithium team, with guest of honour Mrs. Alexandra Amoako-Mensah, attended the International Women's Day event hosted by the Australian High Commission in Accra. During the event, Communication and Corporate Affairs Manager Florence Bossman-Ammah spoke on a panel highlighting the Atlantic Lithium's efforts towards enabling greater inclusion of women in the industry.
Meanwhile, members of the team in Perth, Australia, were proud to attend an event hosted by the Australasian Institute of Mining and Metallurgy ("AusIMM"), aimed at fostering collaboration, celebrating women's achievements, and driving meaningful conversations around gender equality and empowerment.
그림 6 : Mrs. Amoako-Mensah joins Australian High Commissioner to Ghana, Ms. Berenice Owen-Jones (left image); Members of the Atlantic Lithium team in Perth, celebrating International Women's Day at the AusIMM event (right image)
이드울 피트르
Post-period end, through an initiative led by Community Relations & Social Performance Manager Dr Millicent Aning-Agyei, with support from the Company's Marketing and Communications team, Atlantic Lithium made donations of food items to five local, under-privileged Muslim communities ahead of Eid-ul Fitr celebrations.
The Company prides itself on working in the best interests of the communities in which it operates and recognises the significant potential positive impact that it can have locally.
Share Capital Changes - Ordinary Shares, Options and Performance Rights
On 24 January 2024, 19,245,574 fully paid ordinary shares of USD0.2598 (A$0.39) were issued as a result of a subscription for shares by the Minerals Income Investment Fund of Ghana.
On 24 January 2024, 9,622,787 unlisted options were granted to Minerals Income Investment Fund of Ghana with an exercise price of USD0.3637 and an expiry date of 25 July 2025.
Between 1 January and the date of this report, a total of 16,950,000 options, that had been granted under the Company's Employee Share Option Plan, lapsed unexercised.
A summary of movement and balances of equity securities between 1 January 2024 and date of this report is as follows:
| 보통주 | 인용되지 않은 옵션 | 인용되지 않은 성능 권리 |
분기 초 발행 | 630,423,479 | 32,650,000 | - |
발행주식 Minerals Income Investment Fund of Ghana (24 January 2024) | 19,245,574 | ||
Unlisted options issued to Minerals Income Investment Fund of Ghana (24 January 2024) | 9,622,787 | ||
Employee Share Options lapsed (5 2 월 2024) | (450,000) | ||
Employee Share Options lapsed (02 4월 2024) | (500,000) | ||
Employee Share Options lapsed (23 4월 2024) |
| (16,000,000) | |
이 보고서 날짜에 발행된 총 증권 | 649,669,053 | 25,322,787 | 9,298,935 |
부록 5B
광업 탐사 기업 또는 석유 및 가스 탐사 기업
분기별 현금 흐름 보고서
Name of entity: 대서양 리튬 제한 | ||
ABN: 17 127 215 132 | Quarter ended ("current quarter"): 월 31 2024 |
연결현금흐름표 | 현재 분기 | 현재까지(9개월) | |
1. | 영업 활동으로 인한 현금 흐름 | - | - |
1.1 | 고객의 영수증 | ||
1.2 | 에 대한 지불 | - | - |
(a) 탐사 및 평가 | |||
(b) 개발 | - | - | |
(c) 생산 | - | - | |
(d) 직원 비용 | (303) | (2,420) | |
(e) 관리 및 기업 비용 | (1,352) | (5,679) | |
1.3 | 배당금 수령(주석 3 참조) | - | - |
1.4 | 받은이자 | - | - |
1.5 | 이자 및 기타 금융비용 지급 | - | - |
1.6 | 납부 한 소득세 | - | - |
1.7 | 정부 보조금 및 세금 인센티브 | - | - |
1.8 | 다른 수입 | 99 | 99 |
1.9 | 영업 활동에서 / (사용된) 순 현금 | (1,556) | (8,000) |
2. | 투자 활동으로 인한 현금 흐름 | - | - |
2.1 | 취득 또는 다음에 대한 지불: | ||
(a) 실체 | |||
(b) 공동주택 | - | - | |
(c) 유형자산 | (195) | (485) | |
(d) exploration, feasibility, and development | (5,402) | (18,716) | |
(e) 투자 | - | (154) | |
(f) 기타 비유동자산 | - | - | |
2.2 | 폐기로 인한 수익: | - | - |
(a) 실체 | |||
(b) 공동주택 | - | 10 | |
(c) 유형자산 | - | - | |
(d) 투자 | - | - | |
(e) 기타 비유동자산 | - | - | |
2.3 | 대출에서 다른 기업으로의 현금 흐름 | - | - |
2.4 | 배당금 수령(주석 3 참조) | - | |
2.5 | 기타 - Piedmont Farm-in Arrangement로 인한 기여금 | 6,955 | 13,840 |
2.6 | 투자 활동에서 / (사용된) 순 현금 | 1,358 | (5,505) |
3. | 금융 활동으로 인한 현금 흐름 | 7,605 | 15,605 |
3.1 | 지분증권 발행 수익금(전환사채 제외) | ||
3.2 | 전환사채 발행 대금 | - | - |
3.3 | 옵션 행사로 인한 수익 | - | - |
3.4 | 지분증권 또는 전환사채 발행과 관련된 거래비용 | (75) | (551) |
3.5 | 차입금 | - | - |
3.6 | 차입금 상환 | - | - |
3.7 | 대출 및 차입금 관련 거래비용 | - | - |
3.8 | 배당금 지급 | - | - |
3.9 | 기타(자료가 있는 경우 세부정보 제공) | - | - |
3.10 | 자금 조달 활동에서 / (사용된) 순 현금 | 7,530 | 15,054 |
4. | 해당 기간의 현금 및 현금성자산의 순증가/(감소) | ||
4.1 | 기간 초기 현금 및 현금성 자산 | 9,664 | 15,346 |
4.2 | 영업 활동의 순 현금 / (사용된) 영업 활동(위의 항목 1.9) | (1,556) | (8,000) |
4.3 | 투자 활동에서 / (사용된) 순 현금 (위의 항목 2.6) | 1,358 | (5,505) |
4.4 | 자금 조달 활동에서 / (사용된) 순 현금(위의 항목 3.10) | 7,530 | 15,054 |
4.5 | 보유 현금에 대한 환율 변동의 영향 | 102 | 203 |
4.6 | 기말의 현금 및 현금성 자산 | 17,098 | 17,098 |
5. | 현금 및 현금성 자산의 조정 | 현재 분기 | 이전 분기 |
5.1 | 은행 잔고 | 17,088 | 9,661 |
5.2 | 콜 보증금 | - | - |
5.3 | 은행 초과 인출 | - | - |
5.4 | 기타 - 소액 현금 | 10 | 4 |
5.5 | 분기말의 현금 및 현금성 자산(위의 항목 4.6과 동일해야 함) | 17,098 | 9,664 |
6. | 기업의 특수관계자 및 그 관계기업에 대한 지급 | 현재 분기 |
6.1 | 1번 항목에 포함된 특수관계자 및 관계관계자에 대한 지급총액 | 97 |
6.2 | 2번 항목에 포함된 특수관계자 및 관계관계자에 대한 지급총액 | 105 |
6.1 & 6.2 are payments of salaries/bonuses/fees (including superannuation) to related parties. |
7. | 할부 시설 기업이 이용할 수 있는 자금 출처를 이해하기 위해 필요에 따라 주석을 추가합니다. | 분기말 총 설비금액 | 분기말 인출금액 |
7.1 | 대출시설 | - | - |
7.2 | 신용 대기 준비 | - | - |
7.3 | 기타 | - | - |
7.4 | 총 금융 시설 | - | - |
| |||
7.5 | 분기말 미사용 자금조달 가능 | - | |
7.6 | 대출 기관, 이자율, 만기일 및 담보 또는 무담보 여부를 포함하여 위의 각 시설에 대한 설명을 아래 상자에 포함하십시오. 분기말 이후에 추가 금융 시설이 체결되었거나 체결이 제안된 경우 해당 시설에 대한 세부 정보를 제공하는 메모도 포함합니다. | ||
8. | 향후 영업 활동에 사용할 수 있는 예상 현금 | $A'000 |
8.1 | 영업 활동 (항목 1.9)의 / (사용 된) 순 현금 | (1,556) |
8.2 | (투자 활동으로 분류된 탐사 및 평가에 대한 지급) (2.1(d)항) | (5,402) |
8.3 | 총 관련 지출(항목 8.1 + 항목 8.2) | (6,958) |
8.4 | 분기말 현금 및 현금성자산(항목 4.6) | 17,098 |
8.5 | 분기말에 미사용 금융시설 이용가능(항목 7.5) | - |
8.6 | 총 가용 자금(항목 8.4 + 항목 8.5) | 17,098 |
8.7 | 가용 자금의 예상 분기(항목 8.6을 항목 8.3으로 나눈 값) | 2.45 |
주의사항: 기업이 항목 8.3에서 긍정적인 관련 지출(예: 순현금 유입)을 보고한 경우 항목 8.7을 "N/A"로 답하십시오. 그렇지 않은 경우, 사용 가능한 자금의 예상 분기에 대한 수치가 항목 8.7에 포함되어야 합니다. | ||
8.8 | 항목 8.7이 2/XNUMX 미만인 경우 다음 질문에 답하십시오. | |
8.8.1 기업은 당분간 현재 수준의 순영업현금흐름을 유지할 것으로 예상합니까? 그렇지 않다면 그 이유는 무엇입니까? | ||
답변: 해당 사항 없음 | ||
8.8.2 기업은 운영 자금을 조달하기 위해 추가 현금을 마련하기 위해 조치를 취했거나 조치를 제안했으며, 그렇다면 그러한 단계는 무엇이며 성공할 가능성이 얼마나 됩니까? | ||
답변: 해당 사항 없음 | ||
8.8.3 기업은 운영을 계속할 수 있고 비즈니스 목표를 달성할 수 있을 것으로 기대합니까? 그렇다면 어떤 기준으로 해야 합니까? | ||
답변: 해당 사항 없음 | ||
주의사항: 항목 8.7이 2분기 미만인 경우 위의 질문 8.8.1, 8.8.2 및 8.8.3에 모두 답해야 합니다. |
준수 선언문
1 본 명세서는 상장규칙 19.11A를 준수하는 회계기준 및 정책에 따라 작성되었습니다.
2 이 진술은 공개된 문제에 대한 진실되고 공정한 견해를 제공합니다.
시간 24 4월 2024
승인자: Atlantic Lithium Limited 이사회 승인
노트
1. 이 분기별 현금 흐름 보고서와 그에 수반되는 활동 보고서는 기업의 지난 분기 활동, 자금 조달 방법 및 이것이 현금 포지션에 미친 영향을 시장에 알리는 기초를 제공합니다. 상장 규칙에서 요구하는 최소한의 정보 이상으로 추가 정보를 공개하고자 하는 기업은 그렇게 하는 것이 좋습니다.
2. 이 분기별 현금 흐름 보고서가 호주 회계 기준에 따라 작성된 경우 다음의 정의 및 조항은 다음과 같습니다. AASB 6: 광물 자원 탐사 및 평가 와 AASB 107: 현금 흐름표 이 보고서에 적용하십시오. 이 분기별 현금 흐름 보고서가 상장 규칙 19.11A에 따라 ASX가 합의한 다른 회계 기준에 따라 작성된 경우 해당하는 동등한 기준이 이 보고서에 적용됩니다.
3. 배당금은 기업의 회계정책에 따라 영업활동현금흐름이나 투자활동현금흐름으로 분류될 수 있다.
4. 이 보고서가 이사회에 의해 시장 출시 승인을 받은 경우 여기에 "이사회에 의해"를 삽입할 수 있습니다. 이사회 위원회에서 시장 출시를 승인한 경우 여기에 다음을 삽입할 수 있습니다. "[위원회 이름 - 예: 감사 및 위험 위원회]". 공시위원회에서 시장 출시를 승인한 경우 여기에 "By the Disclosure Committee"를 삽입할 수 있습니다.
5. 이 보고서가 이사회에 의해 시장 출시 승인을 받았고 ASX Corporate Governance Council의 권고 사항 4.2를 준수하고 싶은 경우 기업지배구조 원칙 및 권고사항, 이사회는 CEO와 CFO로부터 해당 기업의 재무 기록이 적절하게 유지되고 있으며 이 보고서가 적절한 회계 기준을 준수하며 현금 흐름에 대한 진실하고 공정한 견해를 제공한다는 선언을 받았어야 합니다. 그리고 그들의 의견은 효과적으로 운영되는 위험 관리 및 내부 통제의 건전한 시스템을 기반으로 형성되었습니다.
엔드 노트
1 광석 매장량, 광물 자원 및 생산 대상
The information in this half-year report that relates to Ore Reserves, Mineral Resources and Production Targets complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). The information in this half-year report relating to Ore Reserves of 25.6Mt @ 1.22% Li₂O and Production Targets is extracted from the Ewoyaa Lithium Project Definitive Feasibility Study ("DFS"), announced by the Company on 29 June 2023, and information in this announcement relating to the Mineral Resource Estimate ("MRE") of 35.3Mt @ 1.25% Li₂O for Ewoyaa는 1년 2023월 XNUMX일자 회사 발표에서 발췌되었으며, 둘 다에서 확인할 수 있습니다. www.atlanticlithium.com.au. MRE에는 총 3.5Mt @ 1.37% Li가 포함됩니다.₂측정 범주의 O, 24.5Mt @ 1.25% Li₂표시된 범주의 O 및 7.4Mt @ 1.16% Li₂O in the Inferred category. The Company confirms that all material assumptions and technical parameters underpinning the MRE and DFS continue to apply. Material assumptions for the Project have been revised on grant of the Mining Lease for the Project, announced by the Company on 20 October 2023. The Company is not aware of any new information or data that materially affects the information included in this half-year report or the announcements dated 1 February 2023, 29 June 2023 and 20 October 2023.
2 Ewoyaa to become one of the largest spodumene concentrate producers globally - Based on a comparison of targeted spodumene concentrate production capacity (ktpa, 100% basis) of select hard rock spodumene projects globally (refer Company presentation dated 8 9월 2023).
유능한 사람
탐사 결과와 관련된 이 보고서의 정보는 회사의 수석 지질학자인 Mr Lennard Kolff(MEcon. Geol., BSc. Hons ARSM)가 검토한 데이터를 기반으로 합니다. Kolff 씨는 광물 탐사 분야에서 20년 이상의 경험을 갖고 있는 호주 지질과학자 협회(Australian Institute of Geoscientists) 회원이며 AIM 규정에 따라 자격을 갖춘 사람입니다. Kolff 씨는 정보가 나타나는 형식과 맥락에 정보를 포함하는 데 동의합니다.
광물 자원과 관련된 이 보고서의 정보는 Australian Institute of Geoscientists의 회원인 Shaun Searle이 편집했습니다. Mr Searle은 '탐사 결과, 광물 자원 보고를 위한 호주 규정' 2012년판에 정의된 대로 유능한 사람 자격을 갖추기 위해 수행 중인 활동과 고려 중인 광물화 스타일 및 매장지 유형과 관련된 충분한 경험을 보유하고 있습니다. 및 광석 매장량'에 해당하며 AIM 규칙에 따라 자격을 갖춘 사람입니다. Mr Searle은 Ashmore의 이사입니다. Ashmore와 담당자는 회사와 독립적이며 이 보고서를 작성하는 데 따른 서비스 비용을 받는 것 외에는 회사에 대한 재정적 이해관계(직접적 또는 우발적)를 갖고 있지 않습니다. Mr Searle은 정보가 나타나는 형식과 맥락에 따른 정보를 기반으로 문제를 보고서에 포함시키는 데 동의합니다.
The reported Ore Reserves have been compiled by Mr Harry Warries. Mr Warries is a Fellow of the Australasian Institute of Mining and Metallurgy and an employee of Mining Focus Consultants Pty Ltd. He has sufficient experience, relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking, to qualify as a Competent Person as defined in the 'Australasian Code for Reporting of Mineral Resources and Ore Reserves' of December 2012 ("JORC Code") as prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Geoscientists and the Minerals Council of Australia and is a Qualified Person under the AIM Rules. Mr Warries gives Atlantic Lithium Limited consent to use this reserve estimate in reports.
자세한 내용은 다음으로 문의하십시오.
대서양 리튬 제한
닐 허버트(회장)
Amanda Harsas(재무 이사 겸 회사 비서)
www.atlanticlithium.com.au | ||||
Tel: + 61 2 8072 0640 | ||||
SP 엔젤 기업 금융 LLP 추천 어드바이저 제프 키팅 찰리 부베라 Tel: +44 (0)20 3470 0470 | 옐로우 저지 PR 리미티드 찰스 굿윈 베시 엘리엇 전화 : + 44 (0) 20 3004 9512
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편집자 참고 사항 :
대서양 리튬에 대하여
www.atlanticlithium.com.au
Atlantic Lithium은 AIM 및 ASX 상장 리튬 회사로, 가나에서 중요한 리튬 스포듀민 페그마타이트 발견인 Ewoyaa 리튬 프로젝트를 생산 단계까지 진행하여 가나 최초의 리튬 생산 광산이 되도록 진행하고 있습니다.
이 프로젝트에 대한 최종 타당성 조사에 따르면 3.6년의 광산 수명 동안 12Mt의 스포듀민 정광이 생산되어 세계에서 가장 큰 스포듀민 정광 광산 중 하나가 되었습니다.
2023년 XNUMX월 광산 임대 계약을 체결한 이 프로젝트는 Piedmont Lithium Inc.와의 수익 계약에 따라 개발 중입니다.
Atlantic Lithium은 509km 이내에 리튬 프로젝트 포트폴리오를 보유하고 있습니다.2 그리고 774km2 가나와 코트디부아르에서 각각 부여된 사용권과 신청되지 않은 사용권의 수입니다. 이는 프로젝트 외에도 상당히 과소탐색되고 매우 유망한 라이센스로 구성됩니다.
RNS는 귀하의 IP 주소를 사용하여 약관 준수 여부를 확인하고, 귀하가 이 커뮤니케이션에 포함된 정보를 사용하는 방식을 분석하고, 그러한 분석을 익명으로 다른 사람과 상용 서비스의 일부로 공유할 수 있습니다. RNS와 런던 증권 거래소가 귀하가 제공한 개인 데이터를 사용하는 방법에 대한 자세한 내용은 개인 정보 보호 정책을 참조하십시오.