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2026-11-06
◂ Monitor A11 ASX

Atlantic Lithium Limited

DFS Unfunded Developer · Lithium · GH · CI Rating locked: sign in to view v8.1 · a11-20261030t224354-full
Last 2026-11-06
A$0.325
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A$260.5M
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A$7.7M
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1 newer ASX announcement not yet reflected in this valuation

People, delivery and responsibility

Management background checks

Evidence through 2026-10-31

Research assessment

Executive team

Rating locked: sign in to viewTeam rating and score are available to subscribers

The team has reported lithium operations, finance and exploration experience, and the company attributes oversight of the maiden Ewoyaa resource to its exploration manager. A July 2024 Ewoyaa workforce fatality and historical community compensation allegations are material company-level issues; individual misconduct is not established. Documented searches are limited, and current status for one exploration executive remains uncertain.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Keith Muller

Chief Executive Officer; Executive Director

Current
Full background report for Keith Muller
SafetyIssuer Reported · High materiality

Ewoyaa workforce fatality and subsequent safety changes

A workforce member died at Ewoyaa on 9 July 2024; Atlantic Lithium reported it stopped activities, notified authorities and resumed after Minerals Commission site inspections. Its FY2025 report says it updated risk assessments, procedures and training, and reports LTIFR falling from 4.22 to 2.65 and TRIFR from 12.65 to 2.65. The reported improvement is company-reported and does not independently establish causation or prevent recurrence.

Role overlaps event; causation unproven · Atlantic Lithium employed this executive at or before the incident based on the available role evidence, but no individual causation or breach has been established.

Annual report 2024 · Annual report page 23, Staff Fatality
Annual report 2025 · Annual report page 29, FY25 health and safety performance and 9 July 2024 incident
EnvironmentAlleged · Medium materiality

FoN/Oxfam report alleges historical farmer compensation and consultation grievances

GNA reported that a Friends of the Nation study produced with Oxfam alleged inadequate compensation or lack of prior notice for some farmers during exploration, particularly 2017–2019. It described disputes over crops, naturally occurring trees and community representation, while also noting FoN praised the company for waiting for parliamentary ratification before mining. The underlying study was not retrieved; the GNA news account does not identify a responsible individual. In the same article an unnamed company official denied infringing stakeholder rights and said traditional authorities notified landowners. This denial is not independent resolution.

Employer context; no individual link established · This is a project/company allegation about historical exploration; no individual responsibility or the rostered executives’ tenure at that time was established.

Evidence gaps · 7
  • Education, professional memberships and credentials require person-specific primary or independent verification where not detailed in the cited issuer source.
  • Individual attribution for company outcomes was not established; company results must not be read as personal achievements.
  • The underlying FoN/Oxfam study and individual case compensation records were not obtained. GNA records the company denial; this does not independently resolve the claims.
  • The full Ghana Minerals Commission investigation into the 9 July 2024 Ewoyaa fatality was not obtained; underlying cause, findings and personal responsibility remain unverified.
  • Past-employer work dates, complete records of regulatory enforcement and independent verification of qualifications remain incomplete.
  • Issuer disclosures disagree on appointment dates: the 2023 employment contract states CEO commencement on 16 May, the 2023 AGM notice states board appointment 23 June, and the 2026 annual report states 31 May. The single role date is left unset.
  • The prior report contained shared multi-person, nine-topic search logs from 9 October; their execution and person-specific coverage could not be independently established and they were not carried forward as verified searches.

Full background report

Keith Muller

Chief Executive Officer; Executive Director

Career chronology

  • Current at 31 October 2026 according to the most recent issuer evidence; the timing of later role changes is not independently confirmed.: Atlantic Lithium Limited — Chief Executive Officer; Executive Director. Executive Leadership Team (Executive Leadership Team biographies); Corporate Update: appointment of Keith Muller (Employment contract appendix: CEO commencement 16 May 2023)

  • Before joining Atlantic Lithium in Nov 2022: Allkem; Simec — Business Leader and General Manager at Allkem/Mt Cattlin; earlier Operations Manager and Senior Mining Engineer at Simec. Executive Leadership Team (Keith Muller biography, lines 98–102)

Education and qualifications

Education and professional credentials

As reported in issuer biography or annual report · issuer reported · low materiality

Bachelor of Engineering, University of Pretoria; Master of Mining Engineering, UNSW; AusIMM Fellow and chartered professional.

Attribution: Responsibility not applicable. Issuer-reported qualification claims were not independently checked against awarding bodies or professional registries.

Relevance: Relevant to role fit but not proof of work performance.

Executive Leadership Team (Keith Muller biography, lines 98–102)

Contributions and company outcomes

Ewoyaa mining lease ratified; development and transaction remain conditional

19 March to 27 October 2026 · issuer reported · low materiality

Ghana’s Parliament ratified the Ewoyaa Mining Lease on 19 March 2026, following its initial grant in October 2023. This completed a major permitting milestone, but the issuer said it enabled funding discussions toward FID; no production had started. A proposed Huayou scheme announced 7 May remained subject to shareholder, court and regulatory approvals at the 11 September reporting date. On 27 October 2026, the company reported FIRB no objection to the proposed acquisition and completion of the separate transfer of the Ghana project rights from Elevra to Huayou; the company acquisition remained conditional on shareholder, court and other approvals.

Attribution: Role overlaps event; causation unproven. The executives were associated with current leadership during project advancement, but the records do not establish each individual’s contribution.

Relevance: Permitting and possible ownership transition are central to current roles; this is not a delivered mine or production success.

2026 Annual Financial Report (Annual report 2026 pages 15 and 4, lease ratification and conditional scheme); Parliamentary Ratification of Ewoyaa Mining Lease (Ratification release 20 March 2026, lines 61–79); September 2026 quarterly activities report (Corporate, Scheme Conditions and Novation Agreement)

Industrial safety

Ewoyaa workforce fatality and subsequent safety changes

9 July 2024; company follow-up in FY2025 · issuer reported · high materiality

A workforce member died at Ewoyaa on 9 July 2024; Atlantic Lithium reported it stopped activities, notified authorities and resumed after Minerals Commission site inspections. Its FY2025 report says it updated risk assessments, procedures and training, and reports LTIFR falling from 4.22 to 2.65 and TRIFR from 12.65 to 2.65. The reported improvement is company-reported and does not independently establish causation or prevent recurrence.

Attribution: Role overlaps event; causation unproven. Atlantic Lithium employed this executive at or before the incident based on the available role evidence, but no individual causation or breach has been established.

Relevance: Material company-level health and safety oversight evidence; the regulator’s full findings were not reviewed.

Annual report 2024 (Annual report page 23, Staff Fatality); Annual report 2025 (Annual report page 29, FY25 health and safety performance and 9 July 2024 incident)

Environmental record

FoN/Oxfam report alleges historical farmer compensation and consultation grievances

2017–2019, reported 3 Jul 2026 · alleged · medium materiality

GNA reported that a Friends of the Nation study produced with Oxfam alleged inadequate compensation or lack of prior notice for some farmers during exploration, particularly 2017–2019. It described disputes over crops, naturally occurring trees and community representation, while also noting FoN praised the company for waiting for parliamentary ratification before mining. The underlying study was not retrieved; the GNA news account does not identify a responsible individual. In the same article an unnamed company official denied infringing stakeholder rights and said traditional authorities notified landowners. This denial is not independent resolution.

Attribution: Employer context; no individual link established. This is a project/company allegation about historical exploration; no individual responsibility or the rostered executives’ tenure at that time was established.

Relevance: Relevant to community relations and social licence; it is not a court or regulator finding.

Lithium Exploration: FoN report reveals right violations of farmers (GNA report, lines 30–47 and 52)

Suitability for the current role

Documented role scope and role fit

Current role at cutoff · analyst inference · low materiality

Analyst inference: the documented title places Keith Muller in a function relevant to ASX ordinary-share exposure to pre-production Ewoyaa in Ghana, a smaller Côte d’Ivoire lithium exploration portfolio, and a conditional USD cash acquisition scheme with Huayou. The reviewed material does not establish individual delivery or causal contribution; suitability beyond title alignment remains unassessed. Issuer material documents relevant prior experience: Business Leader and General Manager at Allkem/Mt Cattlin; earlier Operations Manager and Senior Mining Engineer at Simec. This supports role relevance only and does not prove an outcome in this role.

Attribution: Responsibility not applicable. This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Relevance: The role is pertinent to oversight or execution of the company’s disclosed business; evidence on individual effectiveness is limited.

Executive Leadership Team (Executive Leadership Team biographies)

Evidence gaps

  • Education, professional memberships and credentials require person-specific primary or independent verification where not detailed in the cited issuer source.

  • Individual attribution for company outcomes was not established; company results must not be read as personal achievements.

  • The underlying FoN/Oxfam study and individual case compensation records were not obtained. GNA records the company denial; this does not independently resolve the claims.

  • The full Ghana Minerals Commission investigation into the 9 July 2024 Ewoyaa fatality was not obtained; underlying cause, findings and personal responsibility remain unverified.

  • Past-employer work dates, complete records of regulatory enforcement and independent verification of qualifications remain incomplete.

  • Issuer disclosures disagree on appointment dates: the 2023 employment contract states CEO commencement on 16 May, the 2023 AGM notice states board appointment 23 June, and the 2026 annual report states 31 May. The single role date is left unset.

  • The prior report contained shared multi-person, nine-topic search logs from 9 October; their execution and person-specific coverage could not be independently established and they were not carried forward as verified searches.

Amanda Harsas

Finance Director; Company Secretary

Current
Full background report for Amanda Harsas
Role FitAnalyst Inference · Medium materiality

Documented role scope and role fit

Analyst inference: the documented title places Amanda Harsas in a function relevant to ASX ordinary-share exposure to pre-production Ewoyaa in Ghana, a smaller Côte d’Ivoire lithium exploration portfolio, and a conditional USD cash acquisition scheme with Huayou. The reviewed material does not establish individual delivery or causal contribution; suitability beyond title alignment remains unassessed. Issuer material documents relevant prior experience: Senior finance roles in strategic/commercial finance, transformation and capital management. This supports role relevance only and does not prove an outcome in this role.

Responsibility not applicable · This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Executive Leadership Team · Executive Leadership Team biographies
Evidence gaps · 6
  • Education, professional memberships and credentials require person-specific primary or independent verification where not detailed in the cited issuer source.
  • Individual attribution for company outcomes was not established; company results must not be read as personal achievements.
  • The underlying FoN/Oxfam study and individual case compensation records were not obtained. GNA records the company denial; this does not independently resolve the claims.
  • The full Ghana Minerals Commission investigation into the 9 July 2024 Ewoyaa fatality was not obtained; underlying cause, findings and personal responsibility remain unverified.
  • Past-employer work dates, complete records of regulatory enforcement and independent verification of qualifications remain incomplete.
  • The prior report contained shared multi-person, nine-topic search logs from 9 October; their execution and person-specific coverage could not be independently established and they were not carried forward as verified searches.

Full background report

Amanda Harsas

Finance Director; Company Secretary

Career chronology

  • Issuer says company secretary from January 2021 and executive director from 11 March 2022; current leadership page identifies finance director and company secretary as of access.: Atlantic Lithium Limited — Finance Director; Company Secretary. Annual report 2024 (Page 14, Amanda Harsas biography); Executive Leadership Team (Amanda Harsas biography)

  • Before Atlantic Lithium: Healthcare, insurance, retail and professional services — Senior finance roles in strategic/commercial finance, transformation and capital management. Executive Leadership Team (Amanda Harsas biography, lines 105–111)

Education and qualifications

Education and professional credentials

As reported in issuer biography or annual report · issuer reported · low materiality

Atlantic Lithium’s 2024 annual report says Harsas graduated from the University of Technology Sydney with a Bachelor of Business and is a member of Chartered Accountants Australia and New Zealand and the Australian Institute of Company Directors.

Attribution: Responsibility not applicable. Issuer-reported qualification claims were not independently checked against awarding bodies or professional registries.

Relevance: Relevant to role fit but not proof of work performance.

Annual report 2024 (Annual report page 14, Amanda Harsas biography)

Contributions and company outcomes

Ewoyaa mining lease ratified; development and transaction remain conditional

19 March to 27 October 2026 · issuer reported · low materiality

Ghana’s Parliament ratified the Ewoyaa Mining Lease on 19 March 2026, following its initial grant in October 2023. This completed a major permitting milestone, but the issuer said it enabled funding discussions toward FID; no production had started. A proposed Huayou scheme announced 7 May remained subject to shareholder, court and regulatory approvals at the 11 September reporting date. On 27 October 2026, the company reported FIRB no objection to the proposed acquisition and completion of the separate transfer of the Ghana project rights from Elevra to Huayou; the company acquisition remained conditional on shareholder, court and other approvals.

Attribution: Role overlaps event; causation unproven. The executives were associated with current leadership during project advancement, but the records do not establish each individual’s contribution.

Relevance: Permitting and possible ownership transition are central to current roles; this is not a delivered mine or production success.

2026 Annual Financial Report (Annual report 2026 pages 15 and 4, lease ratification and conditional scheme); Parliamentary Ratification of Ewoyaa Mining Lease (Ratification release 20 March 2026, lines 61–79); September 2026 quarterly activities report (Corporate, Scheme Conditions and Novation Agreement)

Industrial safety

Ewoyaa workforce fatality and subsequent safety changes

9 July 2024; company follow-up in FY2025 · issuer reported · high materiality

A workforce member died at Ewoyaa on 9 July 2024; Atlantic Lithium reported it stopped activities, notified authorities and resumed after Minerals Commission site inspections. Its FY2025 report says it updated risk assessments, procedures and training, and reports LTIFR falling from 4.22 to 2.65 and TRIFR from 12.65 to 2.65. The reported improvement is company-reported and does not independently establish causation or prevent recurrence.

Attribution: Role overlaps event; causation unproven. Atlantic Lithium employed this executive at or before the incident based on the available role evidence, but no individual causation or breach has been established.

Relevance: Material company-level health and safety oversight evidence; the regulator’s full findings were not reviewed.

Annual report 2024 (Annual report page 23, Staff Fatality); Annual report 2025 (Annual report page 29, FY25 health and safety performance and 9 July 2024 incident)

Environmental record

FoN/Oxfam report alleges historical farmer compensation and consultation grievances

2017–2019, reported 3 Jul 2026 · alleged · medium materiality

GNA reported that a Friends of the Nation study produced with Oxfam alleged inadequate compensation or lack of prior notice for some farmers during exploration, particularly 2017–2019. It described disputes over crops, naturally occurring trees and community representation, while also noting FoN praised the company for waiting for parliamentary ratification before mining. The underlying study was not retrieved; the GNA news account does not identify a responsible individual. In the same article an unnamed company official denied infringing stakeholder rights and said traditional authorities notified landowners. This denial is not independent resolution.

Attribution: Employer context; no individual link established. This is a project/company allegation about historical exploration; no individual responsibility or the rostered executives’ tenure at that time was established.

Relevance: Relevant to community relations and social licence; it is not a court or regulator finding.

Lithium Exploration: FoN report reveals right violations of farmers (GNA report, lines 30–47 and 52)

Suitability for the current role

Documented role scope and role fit

Current role at cutoff · analyst inference · medium materiality

Analyst inference: the documented title places Amanda Harsas in a function relevant to ASX ordinary-share exposure to pre-production Ewoyaa in Ghana, a smaller Côte d’Ivoire lithium exploration portfolio, and a conditional USD cash acquisition scheme with Huayou. The reviewed material does not establish individual delivery or causal contribution; suitability beyond title alignment remains unassessed. Issuer material documents relevant prior experience: Senior finance roles in strategic/commercial finance, transformation and capital management. This supports role relevance only and does not prove an outcome in this role.

Attribution: Responsibility not applicable. This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Relevance: The role is pertinent to oversight or execution of the company’s disclosed business; evidence on individual effectiveness is limited.

Executive Leadership Team (Executive Leadership Team biographies)

Evidence gaps

  • Education, professional memberships and credentials require person-specific primary or independent verification where not detailed in the cited issuer source.

  • Individual attribution for company outcomes was not established; company results must not be read as personal achievements.

  • The underlying FoN/Oxfam study and individual case compensation records were not obtained. GNA records the company denial; this does not independently resolve the claims.

  • The full Ghana Minerals Commission investigation into the 9 July 2024 Ewoyaa fatality was not obtained; underlying cause, findings and personal responsibility remain unverified.

  • Past-employer work dates, complete records of regulatory enforcement and independent verification of qualifications remain incomplete.

  • The prior report contained shared multi-person, nine-topic search logs from 9 October; their execution and person-specific coverage could not be independently established and they were not carried forward as verified searches.

Andrew Henry

Chief Commercial Officer

Current
Full background report for Andrew Henry
Role FitAnalyst Inference · Medium materiality

Documented role scope and role fit

Analyst inference: the documented title places Andrew Henry in a function relevant to ASX ordinary-share exposure to pre-production Ewoyaa in Ghana, a smaller Côte d’Ivoire lithium exploration portfolio, and a conditional USD cash acquisition scheme with Huayou. The reviewed material does not establish individual delivery or causal contribution; suitability beyond title alignment remains unassessed. Issuer material documents relevant prior experience: Commercial Manager at Allkem; earlier more than four years with Newcrest. This supports role relevance only and does not prove an outcome in this role.

Responsibility not applicable · This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Executive Leadership Team · Executive Leadership Team biographies
Evidence gaps · 6
  • Education, professional memberships and credentials require person-specific primary or independent verification where not detailed in the cited issuer source.
  • Individual attribution for company outcomes was not established; company results must not be read as personal achievements.
  • The underlying FoN/Oxfam study and individual case compensation records were not obtained. GNA records the company denial; this does not independently resolve the claims.
  • The full Ghana Minerals Commission investigation into the 9 July 2024 Ewoyaa fatality was not obtained; underlying cause, findings and personal responsibility remain unverified.
  • Past-employer work dates, complete records of regulatory enforcement and independent verification of qualifications remain incomplete.
  • The prior report contained shared multi-person, nine-topic search logs from 9 October; their execution and person-specific coverage could not be independently established and they were not carried forward as verified searches.

Full background report

Andrew Henry

Chief Commercial Officer

Career chronology

  • Current at 31 October 2026 according to the most recent issuer evidence; the timing of later role changes is not independently confirmed.: Atlantic Lithium Limited — Chief Commercial Officer. Executive Leadership Team (Executive Leadership Team biographies); Annual report 2025 (Annual report page 25, executive leadership changes)

  • Before Atlantic Lithium: Allkem; Newcrest Mining — Commercial Manager at Allkem; earlier more than four years with Newcrest. Executive Leadership Team (Andrew Henry biography, lines 114–122)

Education and qualifications

Education and professional credentials

As reported in issuer biography or annual report · issuer reported · low materiality

Bachelor of Commerce, University of South Australia; CPA Australia member.

Attribution: Responsibility not applicable. Issuer-reported qualification claims were not independently checked against awarding bodies or professional registries.

Relevance: Relevant to role fit but not proof of work performance.

Executive Leadership Team (Andrew Henry biography, lines 114–122)

Contributions and company outcomes

Ewoyaa mining lease ratified; development and transaction remain conditional

19 March to 27 October 2026 · issuer reported · low materiality

Ghana’s Parliament ratified the Ewoyaa Mining Lease on 19 March 2026, following its initial grant in October 2023. This completed a major permitting milestone, but the issuer said it enabled funding discussions toward FID; no production had started. A proposed Huayou scheme announced 7 May remained subject to shareholder, court and regulatory approvals at the 11 September reporting date. On 27 October 2026, the company reported FIRB no objection to the proposed acquisition and completion of the separate transfer of the Ghana project rights from Elevra to Huayou; the company acquisition remained conditional on shareholder, court and other approvals.

Attribution: Role overlaps event; causation unproven. The executives were associated with current leadership during project advancement, but the records do not establish each individual’s contribution.

Relevance: Permitting and possible ownership transition are central to current roles; this is not a delivered mine or production success.

2026 Annual Financial Report (Annual report 2026 pages 15 and 4, lease ratification and conditional scheme); Parliamentary Ratification of Ewoyaa Mining Lease (Ratification release 20 March 2026, lines 61–79); September 2026 quarterly activities report (Corporate, Scheme Conditions and Novation Agreement)

Industrial safety

Ewoyaa workforce fatality and subsequent safety changes

9 July 2024; company follow-up in FY2025 · issuer reported · high materiality

A workforce member died at Ewoyaa on 9 July 2024; Atlantic Lithium reported it stopped activities, notified authorities and resumed after Minerals Commission site inspections. Its FY2025 report says it updated risk assessments, procedures and training, and reports LTIFR falling from 4.22 to 2.65 and TRIFR from 12.65 to 2.65. The reported improvement is company-reported and does not independently establish causation or prevent recurrence.

Attribution: Role overlaps event; causation unproven. Atlantic Lithium employed this executive at or before the incident based on the available role evidence, but no individual causation or breach has been established.

Relevance: Material company-level health and safety oversight evidence; the regulator’s full findings were not reviewed.

Annual report 2024 (Annual report page 23, Staff Fatality); Annual report 2025 (Annual report page 29, FY25 health and safety performance and 9 July 2024 incident)

Environmental record

FoN/Oxfam report alleges historical farmer compensation and consultation grievances

2017–2019, reported 3 Jul 2026 · alleged · medium materiality

GNA reported that a Friends of the Nation study produced with Oxfam alleged inadequate compensation or lack of prior notice for some farmers during exploration, particularly 2017–2019. It described disputes over crops, naturally occurring trees and community representation, while also noting FoN praised the company for waiting for parliamentary ratification before mining. The underlying study was not retrieved; the GNA news account does not identify a responsible individual. In the same article an unnamed company official denied infringing stakeholder rights and said traditional authorities notified landowners. This denial is not independent resolution.

Attribution: Employer context; no individual link established. This is a project/company allegation about historical exploration; no individual responsibility or the rostered executives’ tenure at that time was established.

Relevance: Relevant to community relations and social licence; it is not a court or regulator finding.

Lithium Exploration: FoN report reveals right violations of farmers (GNA report, lines 30–47 and 52)

Suitability for the current role

Documented role scope and role fit

Current role at cutoff · analyst inference · medium materiality

Analyst inference: the documented title places Andrew Henry in a function relevant to ASX ordinary-share exposure to pre-production Ewoyaa in Ghana, a smaller Côte d’Ivoire lithium exploration portfolio, and a conditional USD cash acquisition scheme with Huayou. The reviewed material does not establish individual delivery or causal contribution; suitability beyond title alignment remains unassessed. Issuer material documents relevant prior experience: Commercial Manager at Allkem; earlier more than four years with Newcrest. This supports role relevance only and does not prove an outcome in this role.

Attribution: Responsibility not applicable. This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Relevance: The role is pertinent to oversight or execution of the company’s disclosed business; evidence on individual effectiveness is limited.

Executive Leadership Team (Executive Leadership Team biographies)

Evidence gaps

  • Education, professional memberships and credentials require person-specific primary or independent verification where not detailed in the cited issuer source.

  • Individual attribution for company outcomes was not established; company results must not be read as personal achievements.

  • The underlying FoN/Oxfam study and individual case compensation records were not obtained. GNA records the company denial; this does not independently resolve the claims.

  • The full Ghana Minerals Commission investigation into the 9 July 2024 Ewoyaa fatality was not obtained; underlying cause, findings and personal responsibility remain unverified.

  • Past-employer work dates, complete records of regulatory enforcement and independent verification of qualifications remain incomplete.

  • The prior report contained shared multi-person, nine-topic search logs from 9 October; their execution and person-specific coverage could not be independently established and they were not carried forward as verified searches.

Ahmed-Salim Adam

General Manager, Operations

Current
Full background report for Ahmed-Salim Adam
SafetyIssuer Reported · High materiality

Ewoyaa workforce fatality and subsequent safety changes

A workforce member died at Ewoyaa on 9 July 2024; Atlantic Lithium reported it stopped activities, notified authorities and resumed after Minerals Commission site inspections. Its FY2025 report says it updated risk assessments, procedures and training, and reports LTIFR falling from 4.22 to 2.65 and TRIFR from 12.65 to 2.65. The reported improvement is company-reported and does not independently establish causation or prevent recurrence.

Role overlaps event; causation unproven · Atlantic Lithium employed this executive at or before the incident based on the available role evidence, but no individual causation or breach has been established.

Annual report 2024 · Annual report page 23, Staff Fatality
Annual report 2025 · Annual report page 29, FY25 health and safety performance and 9 July 2024 incident
GovernanceDocumented · Medium materiality

Bogoso Prestea operational shutdown during 2021 community protest

Ghanaian news outlet MyJoyOnline reported that Future Global Resources temporarily shut the Bogoso Prestea mine in July 2021 after a Dumasi community protest and damage at the site. It reported a closure notice signed by General Manager Ahmed-Salim Adam. It did not establish his responsibility for the protest or the underlying dispute. A 2026 Blue Gold SEC filing separately reports that the former leaseholder later disputed a September 2024 notice terminating its mining leases. Atlantic Lithium announced Adam joined in November 2023; no personal link to the later dispute was established.

Role overlaps event; causation unproven · The news account associates Adam with the temporary closure response, not causation; the 2024 lease dispute occurred after his Atlantic Lithium appointment.

Dumasi protest and Bogoso Prestea closure · 30 July 2021 report, paragraphs 1-6
Blue Gold SEC registration statement · Bogoso Prestea mine background and Commission Notice
Project Development Update · Personnel appointments
Evidence gaps · 6
  • Education, professional memberships and credentials require person-specific primary or independent verification where not detailed in the cited issuer source.
  • Individual attribution for company outcomes was not established; company results must not be read as personal achievements.
  • The underlying FoN/Oxfam study and individual case compensation records were not obtained. GNA records the company denial; this does not independently resolve the claims.
  • The full Ghana Minerals Commission investigation into the 9 July 2024 Ewoyaa fatality was not obtained; underlying cause, findings and personal responsibility remain unverified.
  • Past-employer work dates, complete records of regulatory enforcement and independent verification of qualifications remain incomplete.
  • The prior report contained shared multi-person, nine-topic search logs from 9 October; their execution and person-specific coverage could not be independently established and they were not carried forward as verified searches.

Full background report

Ahmed-Salim Adam

General Manager, Operations

Career chronology

  • Current at 31 October 2026 according to the most recent issuer evidence; the timing of later role changes is not independently confirmed.: Atlantic Lithium Limited — General Manager, Operations. Executive Leadership Team (Executive Leadership Team biographies)

  • Before Atlantic Lithium: GEOMAN Consult; FGR Bogoso Prestea; Golden Star Resources — Senior Consultant of Metallurgy; Director for refractory project; General Manager. Executive Leadership Team (Ahmed-Salim Adam biography, lines 125–133)

Education and qualifications

Education and professional credentials

As reported in issuer biography or annual report · issuer reported · low materiality

MPhil Minerals Engineering and BSc (Hons) Mineral Engineering, University of Mines and Technology, Ghana; IOM3 and AusIMM member.

Attribution: Responsibility not applicable. Issuer-reported qualification claims were not independently checked against awarding bodies or professional registries.

Relevance: Relevant to role fit but not proof of work performance.

Executive Leadership Team (Ahmed-Salim Adam biography, lines 125–133)

Contributions and company outcomes

Ewoyaa mining lease ratified; development and transaction remain conditional

19 March to 27 October 2026 · issuer reported · low materiality

Ghana’s Parliament ratified the Ewoyaa Mining Lease on 19 March 2026, following its initial grant in October 2023. This completed a major permitting milestone, but the issuer said it enabled funding discussions toward FID; no production had started. A proposed Huayou scheme announced 7 May remained subject to shareholder, court and regulatory approvals at the 11 September reporting date. On 27 October 2026, the company reported FIRB no objection to the proposed acquisition and completion of the separate transfer of the Ghana project rights from Elevra to Huayou; the company acquisition remained conditional on shareholder, court and other approvals.

Attribution: Role overlaps event; causation unproven. The executives were associated with current leadership during project advancement, but the records do not establish each individual’s contribution.

Relevance: Permitting and possible ownership transition are central to current roles; this is not a delivered mine or production success.

2026 Annual Financial Report (Annual report 2026 pages 15 and 4, lease ratification and conditional scheme); Parliamentary Ratification of Ewoyaa Mining Lease (Ratification release 20 March 2026, lines 61–79); September 2026 quarterly activities report (Corporate, Scheme Conditions and Novation Agreement)

Industrial safety

Ewoyaa workforce fatality and subsequent safety changes

9 July 2024; company follow-up in FY2025 · issuer reported · high materiality

A workforce member died at Ewoyaa on 9 July 2024; Atlantic Lithium reported it stopped activities, notified authorities and resumed after Minerals Commission site inspections. Its FY2025 report says it updated risk assessments, procedures and training, and reports LTIFR falling from 4.22 to 2.65 and TRIFR from 12.65 to 2.65. The reported improvement is company-reported and does not independently establish causation or prevent recurrence.

Attribution: Role overlaps event; causation unproven. Atlantic Lithium employed this executive at or before the incident based on the available role evidence, but no individual causation or breach has been established.

Relevance: Material company-level health and safety oversight evidence; the regulator’s full findings were not reviewed.

Annual report 2024 (Annual report page 23, Staff Fatality); Annual report 2025 (Annual report page 29, FY25 health and safety performance and 9 July 2024 incident)

Environmental record

FoN/Oxfam report alleges historical farmer compensation and consultation grievances

2017–2019, reported 3 Jul 2026 · alleged · medium materiality

GNA reported that a Friends of the Nation study produced with Oxfam alleged inadequate compensation or lack of prior notice for some farmers during exploration, particularly 2017–2019. It described disputes over crops, naturally occurring trees and community representation, while also noting FoN praised the company for waiting for parliamentary ratification before mining. The underlying study was not retrieved; the GNA news account does not identify a responsible individual. In the same article an unnamed company official denied infringing stakeholder rights and said traditional authorities notified landowners. This denial is not independent resolution.

Attribution: Employer context; no individual link established. This is a project/company allegation about historical exploration; no individual responsibility or the rostered executives’ tenure at that time was established.

Relevance: Relevant to community relations and social licence; it is not a court or regulator finding.

Lithium Exploration: FoN report reveals right violations of farmers (GNA report, lines 30–47 and 52)

Governance and interests

Bogoso Prestea operational shutdown during 2021 community protest

July 2021; later lease dispute 2024 onward · documented · medium materiality

Ghanaian news outlet MyJoyOnline reported that Future Global Resources temporarily shut the Bogoso Prestea mine in July 2021 after a Dumasi community protest and damage at the site. It reported a closure notice signed by General Manager Ahmed-Salim Adam. It did not establish his responsibility for the protest or the underlying dispute. A 2026 Blue Gold SEC filing separately reports that the former leaseholder later disputed a September 2024 notice terminating its mining leases. Atlantic Lithium announced Adam joined in November 2023; no personal link to the later dispute was established.

Attribution: Role overlaps event; causation unproven. The news account associates Adam with the temporary closure response, not causation; the 2024 lease dispute occurred after his Atlantic Lithium appointment.

Relevance: Prior operating and community-relations context with clear limits to personal attribution.

Dumasi protest and Bogoso Prestea closure (30 July 2021 report, paragraphs 1-6); Blue Gold SEC registration statement (Bogoso Prestea mine background and Commission Notice); Project Development Update (Personnel appointments)

Suitability for the current role

Documented role scope and role fit

Current role at cutoff · analyst inference · low materiality

Analyst inference: the documented title places Ahmed-Salim Adam in a function relevant to ASX ordinary-share exposure to pre-production Ewoyaa in Ghana, a smaller Côte d’Ivoire lithium exploration portfolio, and a conditional USD cash acquisition scheme with Huayou. The reviewed material does not establish individual delivery or causal contribution; suitability beyond title alignment remains unassessed. Issuer material documents relevant prior experience: Senior Consultant of Metallurgy; Director for refractory project; General Manager. This supports role relevance only and does not prove an outcome in this role.

Attribution: Responsibility not applicable. This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Relevance: The role is pertinent to oversight or execution of the company’s disclosed business; evidence on individual effectiveness is limited.

Executive Leadership Team (Executive Leadership Team biographies)

Evidence gaps

  • Education, professional memberships and credentials require person-specific primary or independent verification where not detailed in the cited issuer source.

  • Individual attribution for company outcomes was not established; company results must not be read as personal achievements.

  • The underlying FoN/Oxfam study and individual case compensation records were not obtained. GNA records the company denial; this does not independently resolve the claims.

  • The full Ghana Minerals Commission investigation into the 9 July 2024 Ewoyaa fatality was not obtained; underlying cause, findings and personal responsibility remain unverified.

  • Past-employer work dates, complete records of regulatory enforcement and independent verification of qualifications remain incomplete.

  • The prior report contained shared multi-person, nine-topic search logs from 9 October; their execution and person-specific coverage could not be independently established and they were not carried forward as verified searches.

Iwan Williams

General Manager - Exploration

Current
Full background report for Iwan Williams
Personal SuccessIssuer Reported · Medium materiality

Exploration oversight of maiden Ewoyaa resource

The company stated in April 2024 that Williams had been exploration manager for over five years and had overseen delivery of the maiden Ewoyaa mineral resource estimate in January 2020 and subsequent upgrades, alongside the wider exploration team. The statement is company-reported and does not establish a producing mine.

Individual involvement documented · The issuer expressly attributed an oversight role to Williams; the project discovery and delivery were a team effort.

March 2024 quarterly activities report · Page 2, CEO statement; promotion section
Evidence gaps · 8
  • Education, professional memberships and credentials require person-specific primary or independent verification where not detailed in the cited issuer source.
  • Individual attribution for company outcomes was not established; company results must not be read as personal achievements.
  • The underlying FoN/Oxfam study and individual case compensation records were not obtained. GNA records the company denial; this does not independently resolve the claims.
  • The full Ghana Minerals Commission investigation into the 9 July 2024 Ewoyaa fatality was not obtained; underlying cause, findings and personal responsibility remain unverified.
  • Past-employer work dates, complete records of regulatory enforcement and independent verification of qualifications remain incomplete.
  • The 2026 annual report identifies Williams as General Manager - Exploration in its competent person statement, while the current executive leadership web page omits him; the latest employment status is not separately confirmed.
  • The prior report contained shared multi-person, nine-topic search logs from 9 October; their execution and person-specific coverage could not be independently established and they were not carried forward as verified searches.
  • The selected bundle records the exploration role, but the latest corroborating dated source is the September 2026 annual report; the issuer’s current leadership page does not list Williams, so his status at 31 October remains uncertain.

Full background report

Iwan Williams

General Manager - Exploration

Career chronology

  • 2026 annual report identifies him as General Manager – Exploration; current employment beyond the report date is not independently confirmed.: Atlantic Lithium Limited — General Manager - Exploration. 2026 Annual Financial Report (Annual report page 19, Competent Persons statement); March 2024 quarterly activities report (Page 2, promotion announcement)

  • Current technical signatory in FY2026 report: Atlantic Lithium — General Manager – Exploration; technical signatory/Competent Person for exploration results. 2026 Annual Financial Report (2026 annual report page 19, Competent Persons statement)

Education and qualifications

Education and professional credentials

As reported in issuer biography or annual report · issuer reported · low materiality

BSc (Hons) Geology; AIG member and JORC Competent Person, with more than 30 years’ exploration experience.

Attribution: Responsibility not applicable. Issuer-reported qualification claims were not independently checked against awarding bodies or professional registries.

Relevance: Relevant to role fit but not proof of work performance.

2026 Annual Financial Report (Annual report page 19, Competent Persons statement)

Personal achievements

Exploration oversight of maiden Ewoyaa resource

2020 to April 2024 · issuer reported · medium materiality

The company stated in April 2024 that Williams had been exploration manager for over five years and had overseen delivery of the maiden Ewoyaa mineral resource estimate in January 2020 and subsequent upgrades, alongside the wider exploration team. The statement is company-reported and does not establish a producing mine.

Attribution: Individual involvement documented. The issuer expressly attributed an oversight role to Williams; the project discovery and delivery were a team effort.

Relevance: Relevant exploration and resource evaluation experience.

March 2024 quarterly activities report (Page 2, CEO statement; promotion section)

Contributions and company outcomes

Ewoyaa mining lease ratified; development and transaction remain conditional

19 March to 27 October 2026 · issuer reported · low materiality

Ghana’s Parliament ratified the Ewoyaa Mining Lease on 19 March 2026, following its initial grant in October 2023. This completed a major permitting milestone, but the issuer said it enabled funding discussions toward FID; no production had started. A proposed Huayou scheme announced 7 May remained subject to shareholder, court and regulatory approvals at the 11 September reporting date. On 27 October 2026, the company reported FIRB no objection to the proposed acquisition and completion of the separate transfer of the Ghana project rights from Elevra to Huayou; the company acquisition remained conditional on shareholder, court and other approvals.

Attribution: Role overlaps event; causation unproven. The executives were associated with current leadership during project advancement, but the records do not establish each individual’s contribution.

Relevance: Permitting and possible ownership transition are central to current roles; this is not a delivered mine or production success.

2026 Annual Financial Report (Annual report 2026 pages 15 and 4, lease ratification and conditional scheme); Parliamentary Ratification of Ewoyaa Mining Lease (Ratification release 20 March 2026, lines 61–79); September 2026 quarterly activities report (Corporate, Scheme Conditions and Novation Agreement)

Industrial safety

Ewoyaa workforce fatality and subsequent safety changes

9 July 2024; company follow-up in FY2025 · issuer reported · high materiality

A workforce member died at Ewoyaa on 9 July 2024; Atlantic Lithium reported it stopped activities, notified authorities and resumed after Minerals Commission site inspections. Its FY2025 report says it updated risk assessments, procedures and training, and reports LTIFR falling from 4.22 to 2.65 and TRIFR from 12.65 to 2.65. The reported improvement is company-reported and does not independently establish causation or prevent recurrence.

Attribution: Role overlaps event; causation unproven. Atlantic Lithium employed this executive at or before the incident based on the available role evidence, but no individual causation or breach has been established.

Relevance: Material company-level health and safety oversight evidence; the regulator’s full findings were not reviewed.

Annual report 2024 (Annual report page 23, Staff Fatality); Annual report 2025 (Annual report page 29, FY25 health and safety performance and 9 July 2024 incident)

Environmental record

FoN/Oxfam report alleges historical farmer compensation and consultation grievances

2017–2019, reported 3 Jul 2026 · alleged · medium materiality

GNA reported that a Friends of the Nation study produced with Oxfam alleged inadequate compensation or lack of prior notice for some farmers during exploration, particularly 2017–2019. It described disputes over crops, naturally occurring trees and community representation, while also noting FoN praised the company for waiting for parliamentary ratification before mining. The underlying study was not retrieved; the GNA news account does not identify a responsible individual. In the same article an unnamed company official denied infringing stakeholder rights and said traditional authorities notified landowners. This denial is not independent resolution.

Attribution: Employer context; no individual link established. This is a project/company allegation about historical exploration; no individual responsibility or the rostered executives’ tenure at that time was established.

Relevance: Relevant to community relations and social licence; it is not a court or regulator finding.

Lithium Exploration: FoN report reveals right violations of farmers (GNA report, lines 30–47 and 52)

Suitability for the current role

Documented role scope and role fit

Current role at cutoff · analyst inference · low materiality

Analyst inference: the documented title places I. Iwan Williams in a function relevant to ASX ordinary-share exposure to pre-production Ewoyaa in Ghana, a smaller Côte d’Ivoire lithium exploration portfolio, and a conditional USD cash acquisition scheme with Huayou. The reviewed material does not establish individual delivery or causal contribution; suitability beyond title alignment remains unassessed. Issuer material documents relevant prior experience: General Manager – Exploration; technical signatory/Competent Person for exploration results. This supports role relevance only and does not prove an outcome in this role.

Attribution: Responsibility not applicable. This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Relevance: The role is pertinent to oversight or execution of the company’s disclosed business; evidence on individual effectiveness is limited.

March 2024 quarterly activities report (Pages 1-2, Williams promotion and prior exploration role); 2026 Annual Financial Report (Page 19, Competent Persons statement)

Evidence gaps

  • Education, professional memberships and credentials require person-specific primary or independent verification where not detailed in the cited issuer source.

  • Individual attribution for company outcomes was not established; company results must not be read as personal achievements.

  • The underlying FoN/Oxfam study and individual case compensation records were not obtained. GNA records the company denial; this does not independently resolve the claims.

  • The full Ghana Minerals Commission investigation into the 9 July 2024 Ewoyaa fatality was not obtained; underlying cause, findings and personal responsibility remain unverified.

  • Past-employer work dates, complete records of regulatory enforcement and independent verification of qualifications remain incomplete.

  • The 2026 annual report identifies Williams as General Manager - Exploration in its competent person statement, while the current executive leadership web page omits him; the latest employment status is not separately confirmed.

  • The prior report contained shared multi-person, nine-topic search logs from 9 October; their execution and person-specific coverage could not be independently established and they were not carried forward as verified searches.

  • The selected bundle records the exploration role, but the latest corroborating dated source is the September 2026 annual report; the issuer’s current leadership page does not list Williams, so his status at 31 October remains uncertain.