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Birimian Ltd.
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Goulamina | |
| Location: | Mali | |
| Commodities: | Lithium-Iron | |
| Date: | 4/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2018: Birimian Ltd. announces a Resource Estimation report for its Goulamina deposit at the Bougouni project. Resources doubled at Goulamina deposit. Birimian Limited (ASX:BGS; Birimian or the Company) is pleased to announce a revised and substantial | |
| Resources: | (Resource, I+I): 65Mt @ 1.43% Li2O with 931kt Li2O contained at deposit | |
| CP/QP: | [Resources]: Matt Bampton (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Birimian Limited (ASX:BGS; Birimian or the Company) is pleased to announce a revised and substantially upgraded Mineral Resource estimate for the Company’s Goulamina Lithium Project (Goulamina or the Project) in southern Mali, following completion of the recent highly successful resource definition and extension exploration program. Cube Consulting (Cube) was engaged to prepare the updated Mineral Resource estimate for the Company and has advised Birimian that the Mineral Resource at Goulamina now comprises 65Mt @ 1.43% Li2O, with a contained Li2O content of 931,000 tonnes (Table 1). This increase doubles the previous Mineral Resource estimate and further confirms Goulamina as among the highest grade, hard rock lithium deposits of significant size globally today. The revised Mineral Resource estimate includes the deposits of Main I, West I & II and Sangar I & II, but excludes Yando and Danaya, where work is still ongoing. Main II has not been included at this stage due to the limited drilling of this deposit to-date. The Mineral Resource at Goulamina now includes an Indicated Resource of 43.7Mt @ 1.48% Li2O (645,000t contained Li2O), compared with 25.3Mt @ 1.37% Li2O (347,000t contained Li2O) reported in June 2017 (BGS; 22 June 2017). Detailed information relating to data, quality control and estimation methodology is documented in Appendix 1 - JORC Table 1, Sections 1 to 3. The combined Mineral Resource, estimated to Indicated and Inferred confidence levels, is shown in Tables 1 and 2. | |
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