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Birimian Ltd.
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Goulamina | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 10/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-10-2016: Birimian Ltd. announces a Resource Estimation report for its Goulamina deposit at the Bougouni project. Initial mineral resource for the Goulamina deposit. Birimian Limited (ASX:BGS; “Birimian” and “Company”) is pleased to report the maiden JO | |
| Resources: | (Maiden resource, I+I): 15.5Mt @ 1.48% Li2O for 229000t Li2O contained at Goulamina | |
| CP/QP: | [Resources]: Matt Bampton (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Birimian Limited (ASX:BGS; “Birimian” and “Company”) is pleased to report the maiden JORC-compliant Mineral Resource estimate for the Goulamina deposit, at its Bougouni Lithium Project in Mali. The estimated Mineral Resource at Goulamina is 15.5 Mt @ 1.48 % Li2O, for 229,000 tonnes of contained Li2O (Table 1). This positions the deposit 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, "We are very pleased to have 100% ownership of the highest grade lithium resource held by any ASX-listed company today. "This maiden resource estimate is an outstanding result, especially given that first drilling occurred less than six months ago. This provides a strong platform to rapidly advance a scoping study to define the key parameters that will underpin the project Feasibility Study and first Ore Reserve estimate. "Of note, there remains significant potential to substantially expand this maiden resource and improve the modelled grade with additional drilling, particularly at the recently discovered West Zone, where wide and high grade mineralisation remains open along strike near surface and at depth. The resource grade of 1.67% Li2O at West Zone is very encouraging, and we are eager to begin the next phase drilling program, which will commence in late November. | |
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