- Leo Lithium (LLL) reports a string of “high-grade, thick-intercept” lithium results from drilling at its Goulamina project in Mali
- The new results come from the Danaya and Northeast Domains in the area and include 115.7 metres at 1.74 per cent lithium and 73.5 metres at 1.64 per cent lithium
- Leo says the results support a planned Goulamina mineral resource upgrade, which it expects to release before the end of June
- The company’s drilling work will now enter a new phase to test potential northern strike extensions
- LLL shares last traded at 48 cents
Leo Lithium (LLL) has reported a string of “high-grade, thick-intercept” lithium results from drilling at its Goulamina project in the Bougouni Region of southern Mali.
Significant down-hole pegmatite intercepts from the Danaya and Northeast Domains in the area included 1.74 per cent lithium oxide over 115.7 metres from a 147.6-metre depth and 1.64 per cent lithium oxide over 73.5 metres from 199.17 metres.
The results come from drilling work completed at Goulamina in March 2023 with the key objective of increasing LLL’s confidence in the project’s mineral resource estimate (MRE).
LLL Managing Director Simon Hay said the results positioned the company to deliver a “robust” MRE upgrade before the end of June.
“The latest set of results from our ongoing drilling campaign is again set to enhance the already high-quality Goulamina resource,” Mr Hay said.
“The Li2O grades received from the combined Danaya and NE Domain targets are overall higher than the current average mineral resource estimate grades for Goulamina.”
Mineralisation remains open at depth and along-strike, and drilling at Goulamina will now enter a new phase with a strong focus on testing potential northern strike extensions.
LLL shares last traded at 48 cents.