Atlantic Lithium Share Discussion Threads

[ukgeorge] 23/9/2022 11:01

Give it time :)

This is similar to 2021 when the share price was stuck in a tight range for near enough the entire year despite lots of positive news. I think this is similar in that it will probably take a few months to get back into the 60's and then hopefully push onto new highs.

Monday we have the Aussies joining the party. So it could be a lot quicker :)

Resource update end of year or Q1 (according to that interview)

[sos100] 23/9/2022 10:48

don't understand the share price , hardly moved upwards since PFS

[andrbea] 22/9/2022 16:55

Liberum Capital note on all:

[hubs] 22/9/2022 13:59

All looking good. Chartwise excellent. gla.

[ukgeorge] 22/9/2022 10:54

hxxps://soundcloud.com/user-596578261/5mmm-20220922-084136-meeting-recording?si=57435a361227451aa0fbe76c294d5e9f&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing

Feature in VSA's morning miner today and a few write ups.

SPAngel
Atlantic Lithium* (ALL LN) – PFS demonstrates fantastic potential of Ewoyaa project

Company News
Atlantic Lithium* (ALL LN) 44p, Mkt Cap £261m – PFS demonstrates fantastic potential of Ewoyaa project

• Atlantic Lithium has released its Pre-feasibility study for the Ewoyaa Lithium Project in Ghana, West Africa, which is targeting first production of spodumene in Q3 2024.

• The PFS’s maiden ore reserve of 18.9Mt at 1.24% Li2O is based on an upgraded MRE of 30.1Mt at 1.26% Li2O for 377,000 of contained Li2O.

• The study increases the project’s LOM to 12.5 years, producing an average 255,000tpa 6% lithium spodumene concentrate.

• Capex has increased to $125m as the team elected to bring the crushing circuit in-house as opposed to contract crushing that in turn reduces opex and improves overall control over the operation.

• The company still intends to use simple gravity separation via DMS, with recovery of 66% in the dominant P1 material.

• C1 and AISC costs are estimated at $278/t and $460/t SC6 after by-products.

• Highlights from the PFS at Ewoyaa, based on a 2.0mtpa include:
o Post-tax NPV8% of US$1,328m
o Post-tax IRR of 224%
o LOM average EBITDA of $248m
o Payback 4.9 months $278/t
o Average long-term SC6 costs US$1,359/t

• In addition to spodumene production, the study updates incorporate two additional revenue streams – a saleable DSO fines product and a saleable feldspar by-product.

• The project benefits from easy access to the major Accra-Takoradi highway within 1km of the site which provides access to the port of Takoradi which is 110km west of the site. Easy access to infrastructure and power also complements the impressive resource.

Conclusion: This is a positive study for Ewoyaa as the team continues to progressively de-risk the project paving the way for project funding and start of development works. Ewoyaa is one of the top undeveloped hard rock lithium deposits globally, and we see it as increasingly likely that Piedmont Lithium will continue to support the company and contribute $70m to capex in order to earn in up to 50% of the project. The company’s straightforward crush and simple processing keeps capex low, while the site remains well connected by services.
*SP Angel acts as nomad to Atlantic Lithium

[ukgeorge] 22/9/2022 10:35

First Jazz day in ages :)

[qipincha] 22/9/2022 10:34

higher high and higher low. I guess the release of PFS is to ensure the confidence of new investors in the new market.

[andrbea] 22/9/2022 10:26

general interest
21.9.22

High Voltage: 145%, 160%, 170% … Petra Capital increases share price targets for 6 advanced ASX lithium stocks

[qipincha] 22/9/2022 09:44

try to top up, but could not get an instant quote and have to go for a smaller number of shares.

[ukgeorge] 22/9/2022 09:13

A close above 45p would be good today, from a chart pov it would suggest the start of the next leg up.

I guess there was always going to be a bit of sell the news action today. Roll on the ASX listing.

[disc0dave45] 22/9/2022 08:23

Ready for ASX Monday I guess. Could have done tomorrow I suppose.

[mikeh30] 22/9/2022 07:34

Why did they release that news today.

[someuwin] 22/9/2022 07:10

Added again.

[sipptrader88] 22/9/2022 06:44

The below figures will be significantly enhanced shortly for two main reasons, already significant increase in resources has yet to be factored in, and this will keep growing and the LOM will grow and grow.......and this PFS is using an average price for SPOD which is 20% only of the current price.....Let that sink in.......in other words if SPOD PRICE stays as is today Revenues would be 5X fold....IRR would be 500+ and CAPEX would be paid off in less than ONE month!

Internal Rate of Return Increases to 224%

Maiden Ore Reserve of 18.9Mt at 1.24% Li2O Declared

The DFS will be AWESOME!

[disc0dave45] 22/9/2022 06:39

Excellent numbers. Only downside is Capex going from $70m to $125m, so ALL will have to fund $27.5m. Did think at some point this would happen but given the prospects then getting funding from third party shouldn't be too much of an issue.

[sos100] 22/9/2022 06:34

even if you look any margins of adj to full fs ,the numbers are staggering....

[plasybryn] 22/9/2022 06:33

LITHIUM MINE $4.8 BILLION Post-tax NPV8 of US$1.33bn with free cash flow of US$2bn from Life of Mine ("LOM") revenues of US$4.84bn.IRR 224% 5month payback

[plasybryn] 22/9/2022 06:29

Wow well done ALL

[n95] 22/9/2022 06:28

This is huge. 1.33 billion npv

[drdre] 22/9/2022 06:22

Thats the shortest payback Ive ever seen on any PFS. $125m for a cash cow like Ewoyaa, in terms of the capex, is crazy.

[lenses] 21/9/2022 14:46

Listing on ASX added just 3 1/2 % to the share count. It's reckoned some 10x that will move over from AIM to ASX. A news drop with the debut will look good.