Fri, 03 Feb 2023

Corporate Update

Chief Operating Officer Commencement of Role

SYDNEY, AUSTRALIA / ACCESSWIRE / November 28, 2022 / Atlantic Lithium Limited (AIM:ALL)(ASX:A11)(OTCQX:ALLIF) 'Atlantic Lithium' or the 'Company'), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce that Keith Muller has commenced his role as non-board Chief Operating Officer with the Company.

Issue of Unlisted Share Options

Accordingly, and as part of Mr Muller's employment contract, the Company will issue him with the following unlisted options:

Unlisted Options

Number of Options Strike Price Term to Expiry

2,000,000 60 pence 2 years from issue

2,000,000 70 pence 2 years from issue

The new unlisted options will be issued to him immediately.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

ISSUE OF UNLISTED OPTIONS

For any further information, please contact:

Notes to Editors:

About Atlantic Lithium

www.atlanticlithium.com.au

Atlantic Lithium (formerly 'IronRidge Resources') is an AIM and ASX-listed lithium exploration and development company advancing a portfolio of lithium projects and licenses in Ghana and Côte d'Ivoire through to production.

The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana's first lithium producing mine. The Company signed a funding agreement with Piedmont Lithium Inc. for US$103m towards the development of the Ewoyaa Project. Based on the Pre-Feasibility Study, the Ewoyaa Project has indicated Life of Mine revenues exceeding US$4.84bn, producing a spodumene concentrate via simple gravity only process flowsheet.

Atlantic Lithium holds 560km2 & 774km2 of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Atlantic Lithium Limited



View source version on accesswire.com:
https://www.accesswire.com/728826/Atlantic-Lithium-Limited-Announces-Commencement-of-COO-and-Issue-of-Options

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