Birimian earlier this month signed a letter of intent with Shandong, under which the Chinese company would obtain the Bougouni project, subject to a number of conditions, including the receipt of a A$10.75-million deposit before January 20.
“We have made great progress over the past ten months advancing the project from greenfields discovery. We are very keen to accelerate development towards commercialisation in the year ahead, and will continue to assess development options in this regard.”
The Bougouni project hosts the Goulamina lithium deposit, which is estimated to host a mineral resource of some 15.5-million tonnes, grading 1.48% lithium oxide for 229 999 t of contained lithium oxide.
A prefeasibility study and maiden reserve estimate are expected in the June quarter.
Source: Mining Weekly