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Birimian Ltd.
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Goulamina | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 1/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 31-1-2017: Birimian Ltd. announces a Scoping Study report for its Goulamina deposit at the Bougouni project. Results from scoping study of open pit mining . Birimian Limited (ASX:BGS; “Birimian” and “Company”) is pleased to announce that the Scoping Study | |
| 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 announce that the Scoping Study (“Study”) for the Bougouni Lithium Project (“Project”) in southern Mali has confirmed the outstanding potential of the Project. As a result, the Board has approved the immediate commencement of the Project Pre‐Feasibility Study (PFS). Commenting on the Study, Birimian's Managing Director Mr Kevin Joyce said: "The results of the scoping study confirm the outstanding potential of our Bougouni Lithium Project. This is one of the highest grade hard rock lithium projects globally and we continue to focus on expediting development of this Project and capitalise on the robust demand for high-grade spodumene concentrate as key inputs for the expanding lithium battery and electric vehicle markets. "We are nearing the completion of our drilling programme to upgrade and increase resources at the Goulamina deposit. Advanced metallurgical test work is also underway with final results expected in the first quarter 2017. "On the back of these positive scoping study results, we have commenced the Pre-feasibility Study for the project, which we anticipate completing in the June 2017 quarter alongside our maiden reserve statement. "In the meantime, we are accelerating our search for people with the requisite industry experience and background to help expedite bringing the Project on stream. "We look forward to updating our shareholders on these milestones as further progress is made." | |
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