Leo Lithium adds to Goulamina resource
PERTH (miningweekly.com) – ASX-listed Leo Lithium has reported a 48% increase in the mineral resource estimate (MRE) at its Goulamina project, in Mali.
The resource now stands at 211-million tonnes grading 1.37% lithium oxide, with the measured and indicated mineral tonnage increasing by 26% to 102.3-million tonnes at a grade of 1.45% lithium oxide.
The resource upgrade elevated Goulamina to the fifth-largest global spodumene deposit.
“We are excited to report a very significant resource upgrade which confirms the outstanding scale, high-grade nature, and further growth potential of the Goulamina project,” said Leo Lithium MD Simon Hay.
“An increase at Goulamina of 68.6-million tonnes from a very moderate drilling campaign, is a fantastic outcome. Furthermore, there is scope for additional growth as the deposit remains open at depth and along strike, creating new drilling targets for the geology team. This significant upgrade also supports the possible extension of the 23-year mine life of the Goulamina project and the recent cooperation agreement with Ganfeng.
“A key aspect of the cooperation agreement is for Leo Lithium to conduct an engineering study into raising Goulamina Stage 2 capacity to 500 000 t/y, lifting overall Goulamina to one-million tonnes a year of spodumene concentrate.”
Hay said on Tuesday that results from the MRE upgrade would now flow into the planned ore reserve estimate upgrade, which was due in August this year.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.
VISIT SHOWROOM
South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...
VISIT SHOWROOM
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
