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Mali Lithium Ltd.

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Summary

Project:

Goulamina

Deposit:Goulamina
Location:Mali
Commodities:Lithium
Date:2/13/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:13-2-2020: Mali Lithium Ltd. announces an Exploration/Drilling Update report for its Goulamina deposit at the Goulamina project. Drilling results incl. 49m @ 1.82% Li2O from 115m. Mali Lithium Ltd (ASX:MLL) (“Mali Lithium”, “the Company”) is pleased to an
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Simon McCracken (Internal)
ABSTRACT:Mali Lithium Ltd (ASX:MLL) (“Mali Lithium”, “the Company”) is pleased to announce that it has completed the reverse circulation (RC) component of the current phase of resource drilling at its flagship Goulamina Lithium Project in southern Mali, with more positive results being received. This latest round of drilling at Goulamina has returned additional wide, high-grade intersections from the Sangar I and II spodumene pegmatites, while a new spodumene pegmatite has also been intersected at the Bara prospect 1.2 km south of Danaya. Best new results include 25m at 1.97% Li2O from 134m (GMRC365), 52m at 1.44% Li2O from 155m, 49m at 1.82% Li2O from 115m (GMRC369) and 34m at 1.81% Li2O from 136m (GMRC371) (see Table 1 below for a more comprehensive summary of recent results). Along with providing new information for updating the Mineral Resource and Ore Reserve, the current drilling program is testing geophysical and structural hydrological targets within Goulamina and aiding in the completion of geotechnical testwork relating to the construction of the process plant and tailings storage facility.

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