Whilst we await news of next steps for Atlantic Lithium
#ALL $A11, here's why the Ewoyaa Lithium Project in Ghana π¬π is world class:
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Market Cap $171m USD
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$10bn USD LoM Revenue (@$2400 spod)
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DFS 36.8Mt @ 1.24% Li02
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29.8Mt measured and indicated
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5.5% Spodumene Concentrate
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168,000m of drilling completed
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Potential 100Mt from Ghana portfolio (huge exploration upside)
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High purity, coarse grain
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Simple flowsheet, DMS only
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Sought after, QUALITY product
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Low OPEX (AISC $675)
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Will be a π Top 10 producer
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Close to port, tarmac roads & power (low costl
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Low strip ratio
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3 Takeover Offers >33p (>$300m)
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Currently 15.7p
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Fully permitted
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800m shares in issue
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Strong shareholder base
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Management heavily invested
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Top 20 shareholders own 65%
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SA Mining giant Assore hold ~30%
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Safe jurisdiction (now all the political antics are settled!)
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Ghana Wealth Fund have invested $5m
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Wealth Fund plan to invest a further $28m
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Ghana Pension Funds recently invested $5m
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CEO is ex GM of Mt Cattlin Lithium
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Strategic listing on Ghana Stock Exchange
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Further upside from Cote d'Ivoire lithium licences
βοΈ Funding to be finalised (there's plenty of cash flying around for such an exceptional project)