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Mali Lithium Ltd.
Summary
| Project: | Goulamina | |
|---|---|---|
| Deposit: | Goulamina | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 7/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-7-2020: Mali Lithium Ltd. announces a Resource Estimation report for its Goulamina deposit at the Goulamina project. Updated Mineral Resource Estimate for Project. Mali Lithium Ltd (ASX:MLL) (MLL or the Company) has completed a new Mineral Resource Esti | |
| Resources: | (Resources, M+I+I): 108.5Mt @ 1.45% Li2O (1.57Mt Li2O | |
| CP/QP: | [Resource] Simon McCracken (Internal) | |
| ABSTRACT: | Mali Lithium Ltd (ASX:MLL) (MLL or the Company) has completed a new Mineral Resource Estimate at its world-class 100% owned Goulamina Lithium Project (Goulamina or the Project) in Mali, West Africa. The new Measured, Indicated and Inferred Mineral Resource Estimate is: 108.51 million tonnes at 1.45% Li₂O for 1.57 million tonnes contained Li₂O Measured and Indicated Resources are: 64.6 million tonnes at 1.49% Li₂Ofor 0.964 million tonnes of contained Li₂O A full breakdown of the estimate is given in Table 1 below. The June 2018 Indicated and Inferred Mineral Resource estimate announced in the Pre-Feasibility Study (PFS) was 103.2 million tonnes at 1.34% Li2O for 1.39 million tonnes Li2O and included 43.7 million tonnes at 1.48% Li₂O of Indicated Mineral Resource. The new resource represents a 48% uplift in Measured and Indicated resources. The Measured and Indicated Resources are the basis of a new Ore Reserve Estimate being undertaken for the Goulamina Definitive Feasibility Study (DFS). A material improvement to PFS ore reserves and mine life is expected. The DFS will be completed in two months. Managing Director Dr Alistair Cowden said: “It is promising to see both the size and quality of the Goulamina Resources improve. This will provide the basis for an uplift in ore reserves. We will endeavour to complete the Ore Reserve and the Definitive Feasibility Study as soon as possible, now that Covid-19 delays are behind us.” | |
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