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Mali Lithium Ltd.

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Summary

Project:

Goulamina

Deposit:Goulamina
Location:Mali
Commodities:Lithium
Date:3/19/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:19-3-2020: Mali Lithium Ltd. announces an Exploration/Drilling Update report for its Goulamina deposit at the Goulamina project. Drilling results incl. 71m @ 1.73% Li2O from 126m. Lithium and gold developer Mali Lithium Ltd (ASX:MLL) (‘Mali Lithium’, ‘the
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Simon McCracken (Internal)
ABSTRACT:Lithium and gold developer Mali Lithium Ltd (ASX:MLL) (‘Mali Lithium’, ‘the Company’) is pleased to announce further drilling results from its world-class 100%-owned Goulamina Lithium Project (‘the Project’) in Mali, West Africa. The quality of Lithium Oxide (Li2O) mineralised intercepts being realised from the recently completed RC drilling program continues to improve at the Project. Best new results since the last market update on the Project on 13 February 2020 include Results for approximately 70% of assays have now been received however the remainder of assays and the results of optical downhole surveys have experienced some delays due to the unprecedented conditions being experienced globally. Despite these delays, every effort will be made to meet the previously advised timetable for an updated Mineral Resource, Ore Reserve and the Definitive Feasibility Study (DFS). Data validation, and statistical analysis has now commenced, leading up to estimation of a new Mineral Resource Estimate (MRE) for the Main, West l, West ll, Sangar l and Sangar ll domains

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