https://www.miningweekly.com
Environment|Export|Logistics|Mining|PROJECT|Operations
Environment|Export|Logistics|Mining|PROJECT|Operations
environment|export|logistics|mining|project|operations

Leo starts DSO production at Goulamina

Image shows lithium ore

Photo by Bloomberg

30th June 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Leo Lithium has produced its first direct shipping ore (DSO) material at its Goulamina lithium project, in Mali.

First revenue from DSO is on track to be received during the fourth quarter, and Leo Lithium anticipates the export of DSO ore for six to nine months in advance of spodumene production. On an annualised basis, the company is targeting 185 000 t of DSO exports until spodumene production starts.

Spodumene production is currently targeted for the first half of 2024.

“The early startup of the openpit mining operations at Goulamina via DSO is a positive milestone that positions the company to crystalise long-term benefits,” said MD Simon Hay on Friday.

“The revenue potential during a solid pricing environment will bolster our balance sheet flexibility, as we continue to progress the Goulamina project towards spodumene concentrate production over two stages. DSO also presents an opportunity for us to optimise our logistics solution as we scale up Goulamina, further de-risking the project’s development.”

The first blast on site was initiated earlier this month, with initial DSO mining activities focusing on the Stage 1 starter pit, which contains 1.65-million tonnes of measured resource.

Leo Lithium said on Friday that trucking contractors for the DSO are set to be appointed shortly. The offtake process for the DSO material will also start shortly.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
2nd May 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.116 0.158s - 109pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: