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Birimian Ltd.
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Goulamina | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 3/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-3-2017: Birimian Ltd. announces a Resource Estimation report for its Goulamina deposit at the Bougouni project. Updated Mineral Resource Estimate for Goulamina. Birimian Limited (ASX:BGS; “Birimian” and “Company”) is pleased to report an updated Minera | |
| Resources: | (Resource, I+I): 27.8Mt @ 1.42% Li2O for 393kt Li2O contained at project | |
| CP/QP: | [Resources]: Matt Bampton (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Birimian Limited (ASX:BGS; “Birimian” and “Company”) is pleased to report an updated Mineral Resource estimate for the Goulamina deposit, at its Bougouni Lithium Project in Mali. The Mineral Resource at Goulamina now comprises 27.8 Mt @ 1.42 % Li2O, for 393,000 tonnes of contained Li2O (Table 1). This nearly doubles the previous estimate for contained lithia and further confirms Goulamina as among the highest grade, hard rock lithium deposits of significant size globally today. Commenting on the milestone, Birimian Managing Director Mr Kevin Joyce said, "The latest resource estimate is an outstanding result, which includes extensions to mineralisation at West Zone and the new discovery at Sangar Zone. The combination of these increased resources and expected near-term resource category upgrades will underpin the project PreFeasibility Study which is currently in progress. "Present resources are beyond our early expectations and now exceed the Company’s original exploration target for contained lithia. Importantly, there is significant potential to further expand the Goulamina resource. "Birimian is in a strong cash position with sufficient capital to fund development activities through to completion of the Project Pre-Feasibility Study, which is expected in the June quarter.” | |
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