Mali Lithium obtains final approval for Goulamina
Mali Lithium (ASX: MLL) has announced its world-class 100% owned Goulamina Lithium Project has been granted an Operating (Mining) permit by the Malian government, completing the final regulatory hurdle for the project and putting Africa’s first lithium mine one step closer to becoming a reality.
The permit is granted under the 2012 Malian Mining Code, covers the Company’s entire Torokoro Permit for the Exploitation of Lithium and has been granted for a period of thirty (30) years, renewable in intervals of ten (10) years until depletion of the reserves within the permit area.
Goulamina is the largest uncommitted hard rock lithium mineral reserve in the world, with 31.2 million tonnes at 1.56% lithium oxide (Li2O) of probable reserves and the project is on track for the completion of the Definitive Feasibility Study, followed by a Final Investment Decision in the second half of next year.
The Pre-Feasibility Study completed last year outlines a large high-grade reserve with a minimum 16-year mine life for the project, producing 362,000 tonnes per annum of 6% Li2O in spodumene concentrate at attractive costs.
Mali Lithium Managing Director Chris Evans said the award of the mining permit is the project’s most significant milestone to date, and he paid tribute to the Malian government for its support of the project.
“Mali is an established mining jurisdiction that already has a number of mature gold mines operated by major global miners, and we have worked closely with the government to progress Goulamina through Mali’s permitting process,” Mr Evans said.
“Mali is Africa’s third biggest gold producer and it is keen to facilitate the diversification of its minerals sector.”
Mr Evans said the completion of the approvals process for Goulamina would allow the Company to progress its discussions with potential offtake customers and investors.