Atlantic Lithium Share Discussion Threads

[sipptrader88] 08/8/2023 11:08

Thanks UK George...imo this bit is key....."We understand the government is keen to see downstream processing in Ghana but we are also told miners should be allowed to export lithium concentrates till a refinery is built."

await PLL comment!

[gardenboy] 08/8/2023 11:05

Seismic being demobilised due to limitations, oh dear

[ukgeorge] 08/8/2023 10:56

From SPAngel


Atlantic Lithium* (ALL LN) 22.9p, Mkt Cap £138m – Infill and extension drilling shows high-grade results. Green minerals press speculation in Ghana.
(Piedmonth can earn into up to 50% of the Ewoyaa lithium project through the expenditure of around 70% of the project capex)

• Atlantic Lithium have responded to press speculation in Ghana in relation to potential new government legislation on ‘green minerals’ including lithium.
• Speculation suggests the government may impose a sliding scale royalty scheme with royalties exceeding gold royalties at certain price levels.
• The state’s carried interest is also expected to rise modestly from the current rate required from gold miners.
• We understand the government is keen to see downstream processing in Ghana but we are also told miners should be allowed to export lithium concentrates till a refinery is built.
• This follows a similar pattern to the gold industry where gold miners were allowed to export gold concentrates and dore but are now required to refine gold in Ghana.
• The government of Ghana has an underlying right to buy all minerals produced in country and like most other nations is understandably keen to see value added in country.
• Management are in regular and ongoing discussion with the Minerals Commission for the early development of the Ewoyaa lithium mine.
• Livista, a European refinery company, is currently considering a site which it has been offered close to the port of Takoradi for the construction of its first non-European lithium refinery.
• Infill and Extensional drill results:
• Management report results from the latest 5,444m of infill and exploration drilling at Ewoyaa as part of a larger 18,500m drill program.
• Two share price Angel mining analysts were recently at site to see Geodrills’ magnificent EDN2000HC automated drill rig churning out reverse circulation chippings with round the clock supervision and logging of drill chips.
• Drilling is designed to increase the proportion of ‘Indicated Resources’ from lower confidence ‘Inferred resources’ at Ewoyaa South-2 for future mine scheduling and resource growth.
• Intersections include:
o 23m at 1.75% Li2O from 184m
o 15m at 1.3% Li2O from 68m
o 14m at 1.27% Li2O from 48m
o 9m at 1.57% Li2O from 263m
o 14m at 0.99% Li2O from 6m
o 11m at 1.22% Li2O from 65m
o 13m at 0.97% Li2O from 96m
o 10m at 1.22% Li2O from 202m
o 9m at 1.33% Li2O from 94m
o 11m at 0.98% Li2O from 106m
• Seismic survey using passive seismic is being demobilised due to limitations with not all known pegmatites identified by the survey.
• The survey did identify a 10m wide pegmatite, an extension of a known pegmatite though the survey generally saw limitations on targets less than 20m true thickness.
• The team see greater value in drilling now the seismic survey has shown how the structures run.
• Broader exploration will continue to use soil sampling, geophysics and auger drilling ahead of RC drill testing.

Conclusion: The government of Ghana is treading carefully with its new ‘Green minerals’ legislation. Ministers do not want to risk losing out on investment at a critical time for the ‘Green metals’ industry by imposing overly harsh royalty, ownership and export regimes which could cause investment to move to other countries for lithium and other green metals supplies. Ewoyaa remains on track to be Ghana's first lithium mine and is currently waiting on the government to settle on its new ‘Green minerals’ regime for its mining license.

*SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel recently visited the Ewoyaa mine site in Ghana and drove onto Takoradi to check the quality of the road to port and see the infrastructure for the potential new Livista refinery site. Our intrepid analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund.

[sipptrader88] 08/8/2023 10:41

I agree alhambra1 but if Ghana won't allow the export of Spod......Piedmont have other sources to concentrate on......and they won't have to give us the $70m plus the $38m odd for the mine build either....and will still retain their decreasing in value ALL shares...for /if the licences are sold on or nationalised by Ghana....worst case scenario I know...but still in my mind!

They are busy updating Gaston County today!

[alhambra1] 08/8/2023 10:33

Sipp (imo), Piedmont are going nowhere - they've got too much invested, including money!

[tryharderr] 08/8/2023 10:25

get some BHL letter to shareholders rns just arrived, fully funded, further payment arriving in h2, safe location usa

[sipptrader88] 08/8/2023 10:01

alhambra1 I am awaiting Piedmont to say something before buying back the 45% of my ALL holding that I sold at a 35% loss yesterday........Unfortunately despite the title of this smallcaps article Piedmont have not said anything yet!

[alhambra1] 08/8/2023 09:50

hxxps://smallcaps.com.au/piedmont-welcomes-atlantic-continued-ewoyaa-lithium-drilling-success/

[farrugia] 08/8/2023 08:48

my thesis has proved correct sadly when i was criticising them for having no license and we only get people playing with instruments in the bush - they have very little to justify the valuation currently. No mining license and Ghana (a country in desperate need of funds which even tried to sue Tullow Oil for more money) trying to squeeze as much money as possible from extracting lithium. Not only will they be charging them a higher royalty fee but they want to control more than 10%. They better not kill the golden goose though.

[sos100] 08/8/2023 08:40

dog of a share this has turned into...

[bobbym82] 08/8/2023 08:32

I'm taking the " when there's blood in the streets" approach. GLA

[gbh2] 08/8/2023 08:27

This was a punt, idea being it was a win big or lose situation, unfortunately the latter came to pass.

[jameschilds176] 08/8/2023 08:12

These companies all have shoddy rns to release in case 14/15p coming

[apfindley] 08/8/2023 07:58

Bit strange.After yesterday's speculation and the info about changes in Ghana , the company released an rns confirming them.....The very next day the company cobble together a drilling results rns, presumably to try stop the shareprice from free falling.Such a coincidence that this drilling information was ready at hand to rns so soon after bad news....I'm suspicious that it not entirely true.!!!!

[captain_kurt] 08/8/2023 07:46

Marula mining (MARU.L) have 6.5% Li.
Magnitude higher than ALL



Marula Mining High-Grade Lithium Results, & New Offtake Agreements

[bobbym82] 08/8/2023 06:13

https://smallcaps.com.au/piedmont-welcomes-atlantic-continued-ewoyaa-lithium-drilling-success/

[l0ngterm] 07/8/2023 22:24

Love these days, they don't happen enough. Now what !! Game on gla

[l0ngterm] 07/8/2023 20:14

It's what he said in June as well, it needs to be progressive, as the enablers for the supply chain are not their. No refinery and no commitment for EV cars etc. all ice cars currently on Ghana bar one company.

[plasybryn] 07/8/2023 20:06

This sounds ok to me:-
Mr Jinapor said the policy was also focused on putting in place incentives and measures to attract the needed investments, adding that stabilisation clauses, development agreements and other measures would be put in place to give investors the comfort to put their resources in the sector. 

He said the arrangement would be done in a manner that would ensure a fair balance to have a win-win situation for both the country and the investor community.

[waterloo01] 07/8/2023 20:04

from the above link

Against that backdrop, Mr Jinapor said the green minerals policy was specifically targeted at adding value to lithium before exporting it.

He said contrary to reports that some licences had been issued for mining lithium, the government had not given out any licence.

"No person or company has any permit or licence to mine or exploit lithium. The licences that were granted were for exploration, which is different from exploitation," he stressed.

He said it was through the exploration activities that lithium was discovered in commercial quantities at Ewoyaa.

Mr Jinapor said although the next stage was to mine the mineral resource, the government's focus was to put in place the policy framework before moving into mining.

[plasybryn] 07/8/2023 19:49

This is a good article. Reassuring in my opinion

[lord buffett] 07/8/2023 18:26

This is a glass half full or glass half empty scenario, depending on whether your optimistic or pessimistic - but it's still not a full glass IMO.

As for the no to raw material export comment, spodumene concentrate is still the raw material, it's just been crushed up and most of the chaff separated out using DMS.

To be fair, we really have no idea what the Ghanaians mean by this statement, they just seem to be shooting from the hip, moving the goal posts and delaying any possible progress.

The market clearly didn't like it and it will be interesting to see if Piedmont react to or comment on the situation, and what they make of it, as it could have a profound bearing on their relationship with Atlantic.