Birimian keeps focus on Goulamina in March qtr

Birimian keeps focus on Goulamina in March qtr

Aspiring West African lithium producer Birimian Limited (ASX: BGS) says its Goulamina Lithium Project in Mali remained the principal operational focus of the Company during the March 2019 quarter. Three areas have been targeted for completion by the third quarter of 2019 to form the basis of Project design; Mineral Resources and Ore Reserves, metallurgical recovery and concentrate quality, and water and road infrastructure optimisation.


Aspiring West African lithium producer Birimian Limited (ASX: BGS) says its Goulamina Lithium Project in Mali remained the principal operational focus of the Company during the March 2019 quarter.

HIGHLIGHTS

Goulamina Lithium Project

·       Environmental and Social Impact Assessment (ESIA) Permit received

·       Appointment of key executive staff to bolster the Company’s in house expertise

·       Exploitation Permit application submitted

·       Ongoing discussions with new potential partners regarding investment and offtake

Corporate

·       Mr Chris Evans appointed Managing Director

·       Mr Alistair Cowden appointed Non Executive Chairman

·       Appointment of Mr Seydou Semega as Malian Country Manager

·       Appointment of Mr Eric Hughes as CFO/CoSec

·       Proposed Company name change to Mali Lithium Limited, subject to shareholder approval

·       Annual General Meeting to be held on 27 May 2019

Dankassa and Massigui Gold Projects

·       Royalty payments received from Morila totalling A$990,081 for December quarter production from N’tiola

Three areas have been targeted for completion by the third quarter of 2019 to form the basis of Project design:

1. Mineral Resources and Ore Reserves - The main focus will be to improve resource categorisation allowing increases to Ore Reserves and to improve confidence levels in the Mineral Resources and Ore Reserves.

2. Metallurgical recovery and concentrate quality - The focus will be on improving Li2O recovery above the 70% achieved in the PFS. Spodumene concentrate quality will also be targeted. The Project team will apply lessons learnt on the design and construction of recent Lithium processing plants. (Note: The Company confirms that all the material assumptions underpinning the Production Target and the forecast financial information derived from the Production Target in the original PFS announcement continue to apply and have not materially changed.)

3. Water and Road Infrastructure Optimisation - Adequate quality and volume of water are key to the Project and further studies will be initiated to improve confidence in the water resources available. In addition, with the transport of Spodumene concentrate to port accounting for almost one third of operating costs, any optimisation in this area will yield significant benefits to the project economics.

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