Birimian launches internal review into asset future
PERTH (miningweekly.com) – ASX-listed Birimian has announced an internal review to de-risk its lithium and gold assets.
The junior said on Tuesday that the board was investigating options for its gold assets, as the value of the assets were not reflected in the current share price. The investigation into the gold assets will be aimed at maximising shareholder value, with Birimian saying it was considering a range of matters.
The company was also looking to enhance its management team as part of efforts to fast-track the development of its lithium assets, in order to finalise mine permitting and development studies to complement the existing Mali team.
A scoping study completed earlier this year on the company’s Bougouni lithium project estimated that a capital investment of $83.4-million for a two-staged development, with the mine life estimated at 13 years.
The initial estimated start-up capital is $47.2-million. The Stage 1 operation will involve a one-million-tonne-a-year high-grade openpit mine, which will supply material to a conventional dense media separation (DMS) plant.
Scope has also been defined to transition the processing plant to treat medium-grained material by DMS and flotation in later years as a Stage 2 development.
Meanwhile, Birimian will continue discussions with existing memorandum of understanding parties, and potentially new partners, to progress discussions regarding mine development, production pre-payments and other forms of potential financing for the development of the lithium project.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation