Further Broad and High-Grade Drill Intersections

Atlantic Lithium Limited

19 March 2024

 

 

19 March 2024

Further Broad and High-Grade Drill Intersections
Resource Extension Drilling Results
Ewoyaa Lithium Project, Ghana, West Africa

69m at 1.25% Li₂O from 45m returned at Dog-Leg target, outside of current MRE¹

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the African-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce further broad and high-grade assay results from resource drilling completed at the Company's flagship Ewoyaa Lithium Project ("Ewoyaa" or the "Project") in Ghana, West Africa.

Highlights:

-      Further assay results received for 2,514m of extensional resource reverse circulation ("RC") drilling completed at the Dog-Leg target, representing the final results from drilling undertaken in 2023, with a total of 25,898m drilled throughout the year.

-      Multiple high-grade and broad extensional drill intersections reported at the new Dog-Leg target outside of the current 35.3Mt @ 1.25% Li₂O JORC (2012) compliant Ewoyaa Mineral Resource Estimate¹ ("MRE" or the "Resource"), including highlights at a 0.4% Li₂O cut-off and a maximum 4m of internal dilution of:

o  GRC1024: 69m at 1.25% Li₂O from 45m

o  GRC1027: 34m at 1.02% Li₂O from 160m

o  GRC1024: 22m at 0.85% Li₂O from 141m

o  GRC1030: 16m at 1.08% Li₂O from 111m

o  GRC1032: 12m at 1.11% Li₂O from 83m

-      Results at Dog-Leg are significant; drilling has intersected shallow dipping, near surface mineralised pegmatite bodies with true thicknesses up to 35m outside of the MRE¹, proving potential for significant resource growth.

-       The Company is advancing the drilling programme to be undertaken in 2024:

o  Plant site sterilisation drilling now completed for a total of 3,177m in 21 holes, with no mineralisation intersected, providing confidence in the proposed plant site location.

o  A further 804m of RC drilling and 70m of diamond core drilling recently completed at Dog-Leg, with assay results pending.

o  Further resource extension and exploration drilling planned alongside ongoing regional exploration.

-       MRE upgrade, for both lithium and feldspar, to incorporate all 2023 and 2024 drilling, targeted for H2 2024.  

Commenting on the Company's latest progress, Neil Herbert, Executive Chairman of Atlantic Lithium, said: 

"The final assay results from drilling completed in 2023 have again delivered impressive intersections, providing further confidence in the growth potential of the current 35.3Mt @ 1.25% Li₂O Resource at the Ewoyaa Lithium Project.

"These results are from the new mineralised area at the Dog-Leg target, located on the northern tip of the Ewoyaa Main deposit, outside of the current MRE, where drilling has returned multiple high-grade and broad near surface extensional intersections, including 69m at 1.25% Li₂O from 45m. This follows the intersection of 83m at 1% Li₂O from 36m in hole GRC1020 reported at Dog-Leg last month.

"On the back of the encouraging results delivered from drilling completed in 2023 at Dog-Leg, we are excited to have recently completed a further 874m of resource extension drilling at the target as part of our resource growth programme for 2024. We look forward to receiving further drilling results and delivering a MRE upgrade for the Project, targeted for H2 2024. The MRE upgrade will include updates to both the lithium and feldspar and incorporate all of the results received from drilling completed in 2023 and results pending for 2024.

"In addition, we are pleased to have recently completed the plant site sterilisation programme without any surprises, allowing us to continue with our mine site designs and permitting.

"We look forward to updating shareholders on our ongoing progress."

New Drilling Results

Further and final assay results have been received for 2,514m of RC drilling from drilling completed in 2023 at the Ewoyaa Lithium Project. A total of 25,898m of drilling in 157 holes were completed throughout the year; all of which have now been reported. In these latest results, broad high-grade and near surface extensional drilling results have been reported at the new Dog-Leg target. The reported results sit outside of the current MRE¹ (refer Table 1, Figure 1, Figure 2, Figure 3, Appendix 1 and Appendix 2).

Drilling aimed to intersect mineralised pegmatite bodies perpendicular to strike and dip to approximate true width. This is not always achieved due to the variable nature of pegmatites or challenging drill access, with some drill intersections drilled down-dip as apparent widths. Accordingly, estimated true widths are included in the intersections table in Appendix 1.

Table 1:     Drill intersection highlights at greater than 5 Li x m, reported at a 0.4% Li₂O cut-off and maximum of 4m of internal dilution

Hole_ID	From_m	To_m	Interval_m	Hole depth_m	Li2O%	Intersection	metal content Li x m	Hole Purpose	Deposit
GRC1024	45	114	69	250	1.25	GRC1024: 69m at 1.25% Li2O from 45m	86.25	Resource Drilling	Dog-Leg
GRC1027	160	194	34	230	1.02	GRC1027: 34m at 1.02% Li2O from 160m	34.68	Resource Drilling	Dog-Leg
GRC1024	141	163	22	250	0.85	GRC1024: 22m at 0.85% Li2O from 141m	18.78	Resource Drilling	Dog-Leg
GRC1030	111	127	16	200	1.08	GRC1030: 16m at 1.08% Li2O from 111m	17.27	Resource Drilling	Dog-Leg
GRC1032	83	95	12	180	1.11	GRC1032: 12m at 1.11% Li2O from 83m	13.29	Resource Drilling	Dog-Leg
GRC1033	113	126	13	160	0.65	GRC1033: 13m at 0.65% Li2O from 113m	8.48	Resource Drilling	Dog-Leg
GRC1025	122	127	5	250	1.31	GRC1025: 5m at 1.31% Li2O from 122m	6.54	Resource Drilling	Dog-Leg
GRC1024	123	129	6	250	1.00	GRC1024: 6m at 1% Li2O from 123m	6.00	Resource Drilling	Dog-Leg
GRC1027	203	208	5	230	1.13	GRC1027: 5m at 1.13% Li2O from 203m	5.65	Resource Drilling	Dog-Leg
GRC1031	138	143	5	180	1.07	GRC1031: 5m at 1.07% Li2O from 138m	5.35	Resource Drilling	Dog-Leg
GRC1024	45	114	69	250	1.25	GRC1024: 69m at 1.25% Li2O from 45m	86.25	Resource Drilling	Dog-Leg
GRC1027	160	194	34	230	1.02	GRC1027: 34m at 1.02% Li2O from 160m	34.68	Resource Drilling	Dog-Leg
GRC1024	141	163	22	250	0.85	GRC1024: 22m at 0.85% Li2O from 141m	18.78	Resource Drilling	Dog-Leg
GRC1030	111	127	16	200	1.08	GRC1030: 16m at 1.08% Li2O from 111m	17.27	Resource Drilling	Dog-Leg
GRC1032	83	95	12	180	1.11	GRC1032: 12m at 1.11% Li2O from 83m	13.29	Resource Drilling	Dog-Leg

Note: Metal content is based on intercept rather than estimated true width

New drilling at the Dog-Leg target (refer announcement of 28 November 2023) has delivered broad and high-grade drill intersections, some of which occur near surface and all occurring outside of the current MRE¹. Highlights include hole GRC1024: 69m at 1.25% Li₂O from 45m and hole GRC1027: 34m at 1.02% Li₂O from 160m (refer Figure 1, Figure 2 and Figure 3).

The results are significant in that an apparent shallow dipping mineralised pegmatite body has been intersected in multiple drill holes with true widths of 20m to 35m which has the potential to add significant near surface resource tonnes.

Figure 1:   Location of reported assay results with highlight drill intersections on transparent topography background

Figure 2:   Cross-section A-A' showing assay results received for holes GRC1024, GRC1025, GRC1026, GRC1027 and GRC1028 at the Dog-Leg target

Figure 3:   Cross-section B-B' showing assay results received for holes GRC1030, GRC1031, GRC1032, GRC1033 and GRC1035 at the Dog-Leg target

Additionally, the Company has completed 3,177m of sterilisation drilling in 21 holes at the proposed plant site. No significant mineralisation was observed in drilling, providing confidence in the proposed plant site location.

The Company has also completed a further 804m of RC drilling and 70m of diamond resource extension drilling at the Dog-Leg target with assays pending. The rig has now been demobilised, with drilling planned to recommence in H2 2024.

Meanwhile, regional exploration programmes will continue to advance the exploration project pipeline. The Company will incorporate the results of drilling completed in 2023 and results pending for 2024 into a MRE upgrade for the Project, targeted during H2 2024.

Sample preparation was completed by Intertek Ghana and assay by Intertek Perth, with all reported results passing QA/QC protocols, providing confidence in reported results.

End note

¹ Ore Reserves, Mineral Resources and Production Targets

The information in this announcement 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 announcement relating to the Mineral Resource Estimate ("MRE") of 35.3Mt @ 1.25% Li₂O for Ewoyaa is extracted from the Company's announcement dated 1 February 2023, which is available at atlanticlithium.com.au. The MRE includes a total of 3.5Mt @ 1.37% Li₂O in the Measured category, 24.5Mt @ 1.25% Li₂O in the Indicated category and 7.4Mt @ 1.16% Li₂O in the Inferred category. The Company confirms that all material assumptions and technical parameters underpinning the Mineral Resource Estimate 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 it is not aware of any new information or data that materially affects the information included in this announcement or the announcements dated 1 February 2023 and 20 October 2023.

Competent Persons

Information in this report relating to the exploration results is based on data reviewed by Mr Lennard Kolff (MEcon. Geol., BSc. Hons ARSM), Chief Geologist of the Company. Mr Kolff is a Member of the Australian Institute of Geoscientists who has in excess of 20 years' experience in mineral exploration and is a Qualified Person under the AIM Rules. Mr Kolff consents to the inclusion of the information in the form and context in which it appears.

Information in this report relating to Mineral Resources was compiled by Shaun Searle, a Member of the Australian Institute of Geoscientists.  Mr Searle has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' and is a Qualified Person under the AIM Rules. Mr Searle is a director of Ashmore. Ashmore and the Competent Person are independent of the Company and other than being paid fees for services in compiling this report, neither has any financial interest (direct or contingent) in the Company. Mr Searle consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For any further information, please contact:

Atlantic Lithium Limited

Neil Herbert (Executive Chairman)

Amanda Harsas (Finance Director and Company Secretary)

	www.atlanticlithium.com.au
	[e-mail]
	Tel: [phone]
SP Angel Corporate Finance LLP Nominated Adviser Jeff Keating Charlie Bouverat Tel: [phone]		Yellow Jersey PR Limited Charles Goodwin Bessie Elliot [e-mail] Tel: [phone]	Canaccord Genuity Limited Financial Adviser: Raj Khatri (UK) / Duncan St John, Christian Calabrese (Australia) Corporate Broking: James Asensio Tel: [phone]

Notes to Editors:

About Atlantic Lithium

www.atlanticlithium.com.au

Atlantic Lithium is an AIM and ASX-listed lithium company advancing its flagship project, the Ewoyaa Lithium Project, a significant lithium spodumene pegmatite discovery in Ghana, through to production to become the country's first lithium-producing mine.

The Definitive Feasibility Study for the Project indicates the production of 3.6Mt of spodumene concentrate over a 12-year mine life, making it one of the largest spodumene concentrate mines in the world.

The Project, which was awarded a Mining Lease in October 2023, is being developed under an earn-in agreement with Piedmont Lithium Inc.

Atlantic Lithium holds a portfolio of lithium projects within 509km² and 774km² of granted and under-application tenure across Ghana and Côte d'Ivoire respectively, which, in addition to the Project, comprises significantly under-explored, highly prospective licences.

Appendix 1        New drill intersections reported in hole ID order, reported at a 0.4% Li₂O cut-off and maximum 4m of internal dilution

Hole_ID	From_m	To_m	Interval_m	Est. true thick_m	Hole depth_m	Li2O%	Intersection	Comment	metal content Li x m	Hole Purpose	Deposit
GRC1024	0	45	45	-	250		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1024	45	114	69	35	250	1.25	GRC1024: 69m at 1.25% Li2O from 45m		86.25	Resource Drilling	Dog-Leg
GRC1024	114	116	2	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1024	120	123	3	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1024	123	129	6	3	250	1.00	GRC1024: 6m at 1% Li2O from 123m		6.00	Resource Drilling	Dog-Leg
GRC1024	129	136	7	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1024	141	163	22	10	250	0.85	GRC1024: 22m at 0.85% Li2O from 141m		18.78	Resource Drilling	Dog-Leg
GRC1024	163	167	4	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1024	168	170	2	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1024	186	189	3	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	2	23	21	-	250		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1025	23	24	1	-	250	0.45	GRC1025: 1m at 0.45% Li2O from 23m	weathered pegmatite	0.45	Resource Drilling	Dog-Leg
GRC1025	24	45	21	-	250		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1025	45	47	2	-	250	0.79	GRC1025: 2m at 0.79% Li2O from 45m	weathered pegmatite	1.57	Resource Drilling	Dog-Leg
GRC1025	47	52	5	-	250		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1025	96	100	4	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	103	104	1	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	104	107	3	-	250	0.72	GRC1025: 3m at 0.72% Li2O from 104m		2.16	Resource Drilling	Dog-Leg
GRC1025	107	111	4	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	112	122	10	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	122	127	5	2	250	1.31	GRC1025: 5m at 1.31% Li2O from 122m		6.54	Resource Drilling	Dog-Leg
GRC1025	127	130	3	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	155	156	1	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	157	160	3	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	160	162	2	-	250	0.73	GRC1025: 2m at 0.73% Li2O from 160m		1.46	Resource Drilling	Dog-Leg
GRC1025	170	174	4	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	178	180	2	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	180	182	2	-	250	0.48	GRC1025: 2m at 0.48% Li2O from 180m		0.95	Resource Drilling	Dog-Leg
GRC1025	195	198	3	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1025	208	218	10	-	250		no significant intersections			Resource Drilling	Dog-Leg
GRC1026	9	14	5	-	284		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1026	16	18	2	-	284		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1026	47	48	1	-	284		no significant intersections			Resource Drilling	Dog-Leg
GRC1026	90	93	3	-	284		no significant intersections			Resource Drilling	Dog-Leg
GRC1026	93	97	4		284	0.74	GRC1026: 4m at 0.74% Li2O from 93m		2.95	Resource Drilling	Dog-Leg
GRC1026	97	102	5	-	284		no significant intersections			Resource Drilling	Dog-Leg
GRC1026	102	108	6	3	284	0.68	GRC1026: 6m at 0.68% Li2O from 102m		4.07	Resource Drilling	Dog-Leg
GRC1026	108	110	2	-	284		no significant intersections			Resource Drilling	Dog-Leg
GRC1026	136	140	4	-	284		no significant intersections			Resource Drilling	Dog-Leg
GRC1026	143	144	1	-	284		no significant intersections			Resource Drilling	Dog-Leg
GRC1026	224	232	8	-	284		no significant intersections			Resource Drilling	Dog-Leg
GRC1026	262	268	6	-	284		no significant intersections			Resource Drilling	Dog-Leg
GRC1027	122	134	12	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1027	134	136	2	-	230	0.47	GRC1027: 2m at 0.47% Li2O from 134m		0.93	Resource Drilling	Dog-Leg
GRC1027	136	137	1	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1027	139	141	2	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1027	141	142	1	-	230	0.52	GRC1027: 1m at 0.52% Li2O from 141m		0.52	Resource Drilling	Dog-Leg
GRC1027	142	145	3	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1027	148	149	1	-	230	0.80	GRC1027: 1m at 0.8% Li2O from 148m		0.80	Resource Drilling	Dog-Leg
GRC1027	149	154	5	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1027	154	155	1	-	230	0.73	GRC1027: 1m at 0.73% Li2O from 154m		0.73	Resource Drilling	Dog-Leg
GRC1027	155	160	5	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1027	160	194	34	25	230	1.02	GRC1027: 34m at 1.02% Li2O from 160m		34.68	Resource Drilling	Dog-Leg
GRC1027	201	203	2	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1027	203	208	5	2.5	230	1.13	GRC1027: 5m at 1.13% Li2O from 203m		5.65	Resource Drilling	Dog-Leg
GRC1027	208	210	2	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1027	214	215	1	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1027	217	219	2	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1028	122	128	6	3	200	0.44	GRC1028: 6m at 0.44% Li2O from 122m		2.64	Resource Drilling	Dog-Leg
GRC1028	128	131	3	-	200		no significant intersections			Resource Drilling	Dog-Leg
GRC1028	160	161	1	-	200		no significant intersections			Resource Drilling	Dog-Leg
GRC1028	168	170	2	-	200		no significant intersections			Resource Drilling	Dog-Leg
GRC1028	170	171	1	-	200	0.54	GRC1028: 1m at 0.54% Li2O from 170m		0.54	Resource Drilling	Dog-Leg
GRC1028	171	186	15	-	200		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	21	39	18	-	230		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1029	40	42	2	-	230		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1029	43	44	1	-	230		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1029	44	45	1	-	230	0.83	GRC1029: 1m at 0.83% Li2O from 44m	weathered pegmatite	0.83	Resource Drilling	Dog-Leg
GRC1029	45	52	7	-	230		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1029	54	55	1	-	230		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1029	56	59	3	-	230		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1029	62	65	3	-	230	1.25	GRC1029: 3m at 1.25% Li2O from 62m		3.76	Resource Drilling	Dog-Leg
GRC1029	68	70	2	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	71	76	5	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	76	77	1	-	230	0.70	GRC1029: 1m at 0.7% Li2O from 76m		0.70	Resource Drilling	Dog-Leg
GRC1029	77	78	1	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	85	86	1	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	125	126	1	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	157	160	3	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	164	167	3	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	171	173	2	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	176	177	1	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	200	204	4	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1029	207	208	1	-	230		no significant intersections			Resource Drilling	Dog-Leg
GRC1030	111	127	16	8	200	1.08	GRC1030: 16m at 1.08% Li2O from 111m		17.27	Resource Drilling	Dog-Leg
GRC1030	127	133	6	-	200		no significant intersections			Resource Drilling	Dog-Leg
GRC1031	126	127	1	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1031	127	130	3	-	180	1.10	GRC1031: 3m at 1.1% Li2O from 127m		3.29	Resource Drilling	Dog-Leg
GRC1031	130	131	1	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1031	132	138	6	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1031	138	143	5	2.5	180	1.07	GRC1031: 5m at 1.07% Li2O from 138m		5.35	Resource Drilling	Dog-Leg
GRC1031	145	147	2	-	180	0.88	GRC1031: 2m at 0.88% Li2O from 145m		1.76	Resource Drilling	Dog-Leg
GRC1031	147	148	1	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1032	83	95	12	6	180	1.11	GRC1032: 12m at 1.11% Li2O from 83m		13.29	Resource Drilling	Dog-Leg
GRC1032	95	98	3	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1032	99	100	1	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1033	72	73	1	-	160		no significant intersections			Resource Drilling	Dog-Leg
GRC1033	111	113	2	-	160		no significant intersections			Resource Drilling	Dog-Leg
GRC1033	113	126	13	10	160	0.65	GRC1033: 13m at 0.65% Li2O from 113m		8.48	Resource Drilling	Dog-Leg
GRC1033	126	129	3	-	160		no significant intersections			Resource Drilling	Dog-Leg
GRC1034	67	70	3	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1034	84	86	2	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1034	114	115	1	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1034	144	145	1	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1034	145	146	1	-	180	0.46	GRC1034: 1m at 0.46% Li2O from 145m		0.46	Resource Drilling	Dog-Leg
GRC1034	146	147	1	-	180		no significant intersections			Resource Drilling	Dog-Leg
GRC1035	30	32	2	-	170		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1035	33	36	3	-	170		no significant intersections	weathered pegmatite		Resource Drilling	Dog-Leg
GRC1035	36	37	1	-	170	0.43	GRC1035: 1m at 0.43% Li2O from 36m	weathered pegmatite	0.43	Resource Drilling	Dog-Leg
GRC1035	40	44	4	-	170		no significant intersections			Resource Drilling	Dog-Leg
GRC1035	44	45	1	-	170	1.13	GRC1035: 1m at 1.13% Li2O from 44m		1.13	Resource Drilling	Dog-Leg
GRC1035	45	46	1	-	170		no significant intersections			Resource Drilling	Dog-Leg
GRC1035	84	86	2	-	170		no significant intersections			Resource Drilling	Dog-Leg
GRC1035	137	138	1	-	170		no significant intersections			Resource Drilling	Dog-Leg
GRC1035	138	139	1	-	170	0.68	GRC1035: 1m at 0.68% Li2O from 138m		0.68	Resource Drilling	Dog-Leg
GRC1035	139	140	1	-	170		no significant intersections			Resource Drilling	Dog-Leg
GRC1035	141	145	4	-	170		no significant intersections			Resource Drilling	Dog-Leg
GRC1035	153	155	2	-	170		no significant intersections			Resource Drilling	Dog-Leg

Note 1:       Metal content is based on intercept rather than estimated true width

Note 2:       Estimated true width only included for mineralised intersections greater than 4m

Appendix 2     Newly reported drill hole collar locations

Hole_ID	Hole depth_m	Easting	Northing	Elevation	Dip	Hole Azimuth	Hole Purpose	Deposit
GRC1024	250	715754	579714	25.64	-50	305	Resource Drilling	Dog-Leg
GRC1025	250	715785	579698	30.57	-50	305	Resource Drilling	Dog-Leg
GRC1026	284	715726	579741	25.43	-50	305	Resource Drilling	Dog-Leg
GRC1027	230	715687	579761	26.74	-50	305	Resource Drilling	Dog-Leg
GRC1028	200	715660	579780	29.24	-50	305	Resource Drilling	Dog-Leg
GRC1029	230	715697	579682	31.12	-50	305	Resource Drilling	Dog-Leg
GRC1030	200	715768	579856	46.48	-50	125	Resource Drilling	Dog-Leg
GRC1031	180	715838	579832	34.80	-50	305	Resource Drilling	Dog-Leg
GRC1032	180	715835	579826	35.20	-90	0	Resource Drilling	Dog-Leg
GRC1033	160	715765	579858	46.30	-90	0	Resource Drilling	Dog-Leg
GRC1034	180	715787	579897	47.15	-90	0	Resource Drilling	Dog-Leg
GRC1035	170	715679	579886	35.09	-50	305	Resource Drilling	Dog-Leg

Note: Grid references reported in projection UTM, WGS84, Zone 30N

The following extract from the JORC Code 2012 Table 1 is provided for compliance with the Code requirements for the reporting of Exploration Results.

JORC Code Table 1:  Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections).

Criteria	JORC Code Explanation	Commentary
Sampling techniques	·      Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. ·      Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. ·      Aspects of the determination of mineralisation that are Material to the Public Report. ·      In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1m samples from which 3kg was pulverised to produce a 30g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.	·      RC drill holes were routinely sampled at 1m intervals with a nominal 3-6kg sub-sample split off for assay using a rig-mounted cone splitter at 1m intervals.   ·      DD holes were quarter core sampled at 1m intervals or to geological contacts for geochemical analysis. ·      For assaying, splits from all prospective ore zones (i.e. logged pegmatites +/- interburden) were sent for assay.  Outside of these zones, the splits were composited to 4m using a portable riffle splitter. ·      Holes without pegmatite were not assayed. ·      Approximately 5% of all samples submitted were standards and coarse blanks. Blanks were typically inserted with the interpreted ore zones after the drilling was completed. ·      Approximately 2.5% of samples submitted were duplicate samples collected after logging using a riffle splitter and sent to an umpire laboratory. This ensured zones of interest were duplicated and not missed during alternative routine splitting of the primary sample. ·      Prior to the December 2018 - SGS Tarkwa was used for sample preparation (PRP100) and subsequently forwarded to SGS Johannesburg for analysis; and later SGS Vancouver for analysis (ICP90A). ·      Post December 2018 to present - Intertek Tarkwa was used for sample preparation (SP02/SP12) and subsequently forwarded to Intertek Perth for analysis (FP6/MS/OES - 21 element combination Na2O2 fusion with combination OES/MS). ·      ALS Laboratory in Brisbane was used for the Company's initial due diligence work programmes and was selected as the umpire laboratory since Phase 1. ALS conducts ME-ICP89, with a Sodium Peroxide Fusion.  Detection limits for lithium are 0.01-10%. Sodium Peroxide fusion is considered a "total" assay technique for lithium. In addition, 22 additional elements assayed with Na2O2 fusion, and combination MS/ICP analysis.

Criteria	JORC Code Explanation	Commentary
Drilling techniques	·      Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).	·      Six phases of drilling were undertaken at the Project using RC and DD techniques.  All the RC drilling used face sampling hammers. ·      Phase 1 and 2 programmes used a 5.25 inch hammers while Phase 3 used a 5.75-inch hammer. ·      All DD holes were completed using PQ and HQ core from surface (85mm and 63.5mm). ·      All DD holes were drilled in conjunction with a Reflex ACT II tool; to provide an accurate determination of the bottom-of-hole orientation. ·      All fresh core was orientated to allow for geological, structural and geotechnical logging by a Company geologist.
Drill sample recovery	·      Method of recording and assessing core and chip sample recoveries and results assessed. ·      Measures taken to maximise sample recovery and ensure representative nature of the samples. ·      Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	·      A semi-quantitative estimate of sample recovery was completed for the vast majority of drilling.  This involved weighing both the bulk samples and splits and calculating theoretical recoveries using assumed densities. Where samples were not weighed, qualitative descriptions of the sample size were recorded.  Some sample loss was recorded in the collaring of the RC drill holes. ·      DD recoveries were measured and recorded.  Recoveries in excess of 95.8% have been achieved for the DD drilling programme. Drill sample recovery and quality is adequate for the drilling technique employed. ·      The DD twin programme has identified a positive grade bias for iron in the RC compared to the DD results.
Logging	·      Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. ·      Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. ·      The total length and percentage of the relevant intersections logged.	·      All drill sample intervals were geologically logged by Company geologists. ·      Where appropriate, geological logging recorded the abundance of specific minerals, rock types and weathering using a standardised logging system that captured preliminary metallurgical domains. ·      All logging is qualitative, except for the systematic collection of magnetic susceptibility data which could be considered semi quantitative. ·      Strip logs have been generated for each drill hole to cross-check geochemical data with geological logging. ·      A small sample of washed RC drill material was retained in chip trays for future reference and validation of geological logging, and sample reject materials from the laboratory are stored at the Company's field office. ·      All drill holes have been logged and reviewed by Company technical staff. ·      The logging is of sufficient detail to support the current reporting of a Mineral Resource.

Criteria	JORC Code Explanation	Commentary
Sub-sampling techniques and sample preparation	·      If core, whether cut or sawn and whether quarter, half or all core taken. ·      If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. ·      For all sample types, the nature, quality and appropriateness of the sample preparation technique. ·      Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. ·      Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. ·      Whether sample sizes are appropriate to the grain size of the material being sampled.	·      RC samples were cone split at the drill rig.  For interpreted waste zones the 1 or 2m rig splits were later composited using a riffle splitter into 4m composite samples. ·      DD core was cut with a core saw and selected half core samples dispatched to Nagrom Laboratory in Perth for preliminary metallurgical test work.  ·      The other half of the core, including the bottom-of-hole orientation line, was retained for geological reference. ·      The remaining DD core was quarter cored for geochemical analysis. ·      Since December 2018, samples were submitted to Intertek Tarkwa (SP02/SP12) for sample preparation. Samples were weighed, dried and crushed to -2mm in a Boyd crusher with an 800-1,200g rotary split, producing a nominal 1,500g split crushed sample; which was subsequently pulverised in a LM2 ring mill.  Samples were pulverised to a nominal 85% passing 75µm.  All the preparation equipment was flushed with barren material prior to the commencement of the job.  Coarse reject material was kept in the original bag.  Lab sizing analysis was undertaken on a nominal 1:25 basis. Final pulverised samples (20g) were airfreighted to Intertek in Perth for assaying. ·      The vast majority of samples were drilled dry. Moisture content was logged qualitatively.  All intersections of the water table were recorded in the database. ·      Field sample duplicates were taken to evaluate whether samples were representative and understand repeatability, with good repeatability. ·      Sample sizes and laboratory preparation techniques were appropriate and industry standard.
Quality of assay data and laboratory tests	·      The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. ·      For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. ·      Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	·      Analysis for lithium and a suite of other elements for Phase 1 drilling was undertaken at SGS Johannesburg / Vancouver by ICP-OES after Sodium Peroxide Fusion. Detection limits for lithium (10ppm - 100,000ppm). Sodium Peroxide fusion is considered a "total" assay technique for lithium. ·      Review of standards and blanks from the initial submission to Johannesburg identified failures (multiple standards reporting outside control limits). A decision was made to resubmit this batch and all subsequent batches to SGS Vancouver - a laboratory considered to have more experience with this method of analysis and sample type. ·      Results of analyses for field sample duplicates are consistent with the style of mineralisation and considered to be representative. Internal laboratory QAQC checks are reported by the laboratory, including sizing analysis to monitor preparation and internal laboratory QA/QC. These were reviewed and retained in the company drill hole database. ·      155 samples were sent to an umpire laboratory (ALS) and/assayed using equivalent techniques, with results demonstrating good repeatability. ·      Atlantic Lithium's review of QAQC suggests the SGS Vancouver and Intertek Perth laboratories performed within acceptable limits. ·      No geophysical methods or hand-held XRF units have been used for determination of grades in the Mineral Resource.

Criteria	JORC Code Explanation	Commentary
Verification of sampling and assaying	·      The verification of significant intersections by either independent or alternative company personnel. ·      The use of twinned holes. ·      Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. ·      Discuss any adjustment to assay data.	·      Significant intersections were visually field verified by company geologists and Shaun Searle of Ashmore during the 2019 site visit. ·      Drill hole data was compiled and digitally captured by Company geologists in the field. Where hand-written information was recorded, all hardcopy records were kept and archived after digitising. ·      Phase 1 and 2 drilling programmes were captured on paper or locked excel templates and migrated to an MS Access database and then into Datashed (industry standard drill hole database management software).  The Phase 3 to 6 programmes were captured using LogChief which has inbuilt data validation protocols.  All analytical results were transferred digitally and loaded into the database by a Datashed consultant. ·      The data was audited, and any discrepancies checked by the Company personnel before being updated in the database. ·      Twin DD holes were drilled to verify results of the RC drilling programmes. Results indicate that there is iron contamination in the RC drilling process. ·      Reported drill hole intercepts were compiled by the Chief Geologist. ·      Adjustments to the original assay data included converting Li ppm to Li2O%.
Location of data points	·      Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. ·      Specification of the grid system used. ·      Quality and adequacy of topographic control.	·      The collar locations were surveyed in WGS84 Zone 30 North using DGPS survey equipment, which is accurate to 0.11mm in both horizontal and vertical directions.  All holes were surveyed by qualified surveyors.  Once validated, the survey data was uploaded into Datashed. ·      RC drill holes were routinely down hole surveyed every 6m using a combination of EZ TRAC 1.5 (single shot) and Reflex Gyroscopic tools.  ·      After the tenth drill hole, the survey method was changed to Reflex Gyro survey with 6m down hole data points measured during an end-of-hole survey. ·      All Phase 2 and 3 drill holes were surveyed initially using the Reflex Gyro tool, but later using the more efficient Reflex SPRINT tool. Phase 4 and 5 drill holes were surveyed using a Reflex SPRINT tool. ·      LiDAR survey Southern Mapping to produce rectified colour images and a digital terrain model (DTM) 32km2, Aircraft C206 aircraft-mounted LiDAR Riegl Q780 Camera Hasselblad H5Dc with 50mm Fixfocus lens. ·      Coordinate system: WGS84 UTM30N with accuracy to ±0.04. ·      The topographic survey and photo mosaic output from the survey is accurate to 20mm. ·      Locational accuracy at collar and down the drill hole is considered appropriate for resource estimation purposes.
Data spacing and distribution	·      Data spacing for reporting of Exploration Results. ·      Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. ·      Whether sample compositing has been applied.	·      The RC holes were initially drilled on 100m spaced sections and 50m hole spacings orientated at 300° or 330° with dips ranging from -50° to -60°. Planned hole orientations/dips were occasionally adjusted due to pad and/or access constraints. ·      Hole spacing was reduced to predominantly 40m spaced sections and 40m hole spacings, with infill to 20m by 15m in the upper portions of the Ewoyaa Main deposit. Holes are generally angled perpendicular to interpreted mineralisation orientations at the Project. ·      Samples were composited to 1m intervals prior to estimation.
Criteria	JORC Code Explanation	Commentary
Orientation of data in relation to geological structure	·      Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. ·      If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	·      The drill line and drill hole orientation are oriented as close as practicable to perpendicular to the orientation of the general mineralised orientation. ·      Most of the drilling intersects the mineralisation at close to 90 degrees ensuring intersections are representative of true widths. It is possible that new geological interpretations and/or infill drilling requirements may result in changes to drill orientations on future programmes. ·      No orientation based sampling bias has been identified in the data.
Sample security	·      The measures taken to ensure sample security.	·      Samples were stored on site prior to road transportation by Company personnel to the SGS preparation laboratory. ·      With the change of laboratory to Intertek, samples were picked up by the contractor and transported to the sample preparation facility in Tarkwa.
Audits or reviews	·      The results of any audits or reviews of sampling techniques and data.	·      Prior to the drilling programme, a third-party Project review was completed by an independent consultant experienced with the style of mineralisation. ·      In addition, Shaun Searle of Ashmore reviewed drilling and sampling procedures during the 2019 site visit and found that all procedures and practices conform to industry standards.

'JORC Code 2012 Table 1' Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section).

Criteria	JORC Code Explanation	Commentary
Mineral tenement and land tenure status	·      Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. ·      The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	·      The Project covers two contiguous licences the Mankessim (RL 3/55) and Mankessim South (PL3/109) licence. ·      The Mankessim is a joint-venture, with the licence in the name of the joint-venture party (Barari DV Ghana Limited). Document number: 0853652-18. ·      The Project occurs within a Mineral Prospecting licence and was renewed on the 27 July 2021 for a further three-year period, valid until 27 July 2024. ·      The Mankessim South licence is a wholly-owned subsidiary of Green Metals Resources.  The Mineral Prospecting licence renewal was submitted in Nov 2022 for a further three-year period. ·      The tenement is in good standing with no known impediments. ·      Mining Lease granted in respect of the Project for a period of 15 years, effective 20 October 2023 until 19 October 2038, file number APL-M-93.
Exploration done by other parties	·      Acknowledgment and appraisal of exploration by other parties.	·      Historical trenching and mapping were completed by the Ghana Geological survey during the 1960s.  But for some poorly referenced historical maps, none of the technical data from this work was located. Many of the historical trenches were located, cleaned and re-logged. No historical drilling was completed.
Geology	·      Deposit type, geological setting and style of mineralisation.	·      Pegmatite-hosted lithium deposits are the target for exploration. This style of mineralisation typically forms as dykes and sills intruding or in proximity to granite source rocks. ·      Surface geology within the Project area typically consists of sequences of staurolite and garnet-bearing pelitic schist and granite with lesser pegmatite and mafic intrusives. Outcrops are typically sparse and confined to ridge tops with colluvium and mottled laterite blanketing much of the undulating terrain making geological mapping challenging.  The hills are often separated by broad, sandy drainages.
Drillhole Information	·      A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: ·      easting and northing of the drill hole collar ·      elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar ·      dip and azimuth of the hole ·      downhole length and interception depth ·      hole length ·      If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.	·      No exploration results are being reported. ·      All information was included in the appendices (of the Mineral Resource report). No drill hole information were excluded (from the Mineral Resource report).

Criteria	JORC Code Explanation	Commentary
Data aggregation methods	·      In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. ·      Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. ·      The assumptions used for any reporting of metal equivalent values should be clearly stated.	·      Exploration results are not being reported. ·      Not applicable as a Mineral Resource is being reported. ·      No metal equivalent values are being reported.
Relationship between mineralisation widths and intercept lengths	·      These relationships are particularly important in the reporting of Exploration Results. ·      If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. ·      If it is not known and only the downhole lengths are reported, there should be a clear statement to this effect (e.g. 'downhole length, true width not known').	·      The drill line and drill hole orientation are oriented as close to 90° degrees to the orientation of the anticipated mineralised orientation as practicable. ·      The majority of the drilling intersects the mineralisation between 60° and 80° degrees.
Diagrams	·      Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to, a plan view of drill hole collar locations and appropriate sectional views.	·      Relevant diagrams have been included within the Mineral Resource report 'Ewoyaa Lithium Project Mineral Resource Estimate' dated 25 March 2023.
Balanced reporting	·      Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	·      All hole collars were surveyed WGS84 Zone 30 North grid using a differential GPS. All RC and DD holes were down-hole surveyed with a north-seeking gyroscopic tool. ·      Exploration results are not being reported.
Other substantive exploration data	·      Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	·      Results were estimated from drill hole assay data, with geological logging used to aid interpretation of mineralised contact positions. ·      Geological observations are included in the report.
Further work	·      The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). ·      Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	·      Follow up RC and DD drilling may be undertaken.  ·      Further metallurgical test work may be required as the Project progresses through the study stages.  ·      Drill spacing is currently considered adequate for the current level of interrogation of the Project.

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