Atlantic firing ahead: PLL Partner, page-3

Atlantic Lithium Eyes ASX Listing as it looks to release a Strong PFS this Quarter

The Economics of the Ewoyaa PFS out this quarter should be solid. Since the Scoping Study in December 2021:
- Mineral Resource has expanded from 23.1Mt to 30.1Mt
- Long Term SC6 Pricing Assumption should increase from US$900/t to US$1,200-US$1,500/t
- Larger Pilot Met Work Testing has confirmed coarse grained 10mm crushing yields high grade spodumene up to 6.81%, Low Iron Oxide average 0.7% FE2O3 and most importantly can obtain +60% Recoveries via Gravity (DMS) only (Project does not require a flotation circuit)

The December 2021 Scoping Study delivered a Post-Tax NPV of US$789m, which Atlantic believe will be improved this quarter when the PFS is released.

Important to note that the current 37,000m drilling campaign is ongoing and the results which will lead to an updated mineral resource estimate at the end of this quarter will be fed into the future DFS which is targeted for Q1 2023

Exciting time ahead for Atlantic as it looks to complete its listing on the ASX and continue to deliver on key milestones at Ewoyaa