- Mali Lithium (MLL) has reported outstanding drilling results from its Goulamina Lithium Project in Mali, West Africa
- These latest results come from reverse circulation holes drilled at the Danaya zone earlier this year but samples were delayed due to COVID-19 shutdowns
- Receiving these results allows Mali to finalise an updated resource estimate for the Goulamina Project
- Once this is done, Mali can complete a pit design and mining schedule before a definitive feasibility study is released in the third quarter
- Mali is up 10.5 per cent and shares are trading for 10.5 cents each
Mali Lithium (MLL) has reported outstanding drilling results from its Goulamina Lithium Project in Mali, West Africa.
These latest results come from reverse circulation holes drilled at the Danaya zone earlier this year. However, results have only just been made available due to COVID-19 shutdowns at laboratories in South Africa.
The best results include; 37 metres at 2.03 per cent Li2O from 139 metres, 46 metres at 1.83 per cent Li2O from 12 metres, 22 metres at 1.94 per cent Li2O from 77 metres, 38 metres at two per cent Li2O from 74 metres, and 64 metres at 1.85 per cent Li2O from 121 metres.
Receiving these results will allow Mali to finalise an updated resource estimate for the Goulamina Project. The lithium explorer expects to release that estimate shortly.
The resource estimate is a pre-requisite of completing a pit design and mining schedule. Pleasingly, these are the last inputs that Mali needs to complete the Goulamina Definitive Feasibility Study (DFS).
The DFS was originally expected to be released later this month or by early July, however Mali has now stated the study will not be released until the third quarter.
According to Mali, the Goulamina Lithium Project is one of the world’s largest uncommitted hard rock lithium reserves.
Mali is up 10.5 per cent and shares are trading for 10.5 cents each at 11:34 am AEST.