Leo lithium limited

Become a Motley Fool member today to get instant access to our top analyst recommendations, leo lithium limited research, investing resourcesand more. Learn More. But that doesn't mean the embattled lithium developer hasn't been busy behind the scenes. This morning, the company released a quarterly updatewhich provided investors with an idea of what's been going on at its Goulamina operation in Mali.

Concurrently, ongoing negotiations with the Mali government could result in a potential settlement, offering a path for further project development. The project has the potential to become a world-class operation, and construction is advancing steadily. The company is working towards a settlement with the Mali government and will provide an update in the coming weeks, while the amount of the potential payment remains uncertain. Sign in. Forgot your password? Get help.

Leo lithium limited

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We hold a strong relationship with Ganfeng and we are pleased to report on the operational progress made on the ground in the quarter.

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Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. However, that won't be the case, with the lithium developer's shares being suspended indefinitely , this time by the ASX operator. Last month, the company's shares were slammed into another trading halt and suspension due to correspondence from the Malian junta government. It advised:. The Company requests a voluntary suspension pending an announcement in relation to correspondence from the government of Mali and the application of the Mining Code to the Goulamina Lithium Project. As you might have noticed at the top, Leo Lithium's shares appear to have been blocked from returning to trade by the ASX operator this morning. The notice explains:. The securities will remain suspended until the Company has responded to ASX's queries adequately.

Leo lithium limited

The Goulamina Lithium Project Goulamina is a spodumene project with development underway, located 50km west of Bougouni in Mali with all approvals and key permits received to bring the project into production. Conventional open-pit mining methods involving drilling, blasting, loading and hauling will be applied to the Goulamina Lithium Project. Goulamina concentrate has all the preferable characteristics for battery applications. The Company has complied with all requirements under the Malian Mining Code, including developing detailed impact assessments, management plans and rehabilitation plans. Leo Lithium has proposed a number of community development initiatives aimed at improving the wellbeing of the surrounding communities. Firefinch has systematically progressed the development of the Goulamina deposit to an FID approved project over the span of approximately 6 years. Hit enter to search or ESC to close. Close Search. Project Description The Goulamina Lithium Project Goulamina is a spodumene project with development underway, located 50km west of Bougouni in Mali with all approvals and key permits received to bring the project into production. Geology of Goulamina Goulamina is located within the Bougouni region of south-western Mali, where broadly north-south trending belts of Birimian aged meta-volcanic and metasedimentary rocks are intruded by syn- and post-orogenic granitoids The granitoids host an array of spodumene bearing pegmatite dykes and sills.

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Business and policy. Any information that you receive via FT. Show more Markets link Markets. We hold a strong relationship with Ganfeng and we are pleased to report on the operational progress made on the ground in the quarter. Is this lithium miner destined to sink deep into the red? February 25, Bernd Struben. The company is working towards a settlement with the Mali government and will provide an update in the coming weeks, while the amount of the potential payment remains uncertain. Leo Lithium's managing director, Simon Hay, revealed that the two parties remain in talks. Its mining contractor mobilised their main fleet to site during the quarter and , bulk cubic metres of material were mined. Short selling activity Low. Deloitte: Trends shaping mining, metals industry, investment, climate action February 19, By Mining Review Africa.

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Show more Markets link Markets. Get help. Search the FT Search. Nevertheless, Hay remains positive on the project's future. Password recovery. All rights reserved. Pilbara Minerals has some unique advantages over many rival ASX lithium miners. Here's what a leading broker thinks. Leo Lithium's managing director, Simon Hay, revealed that the two parties remain in talks. Show more Opinion link Opinion. All markets data located on FT. All content on FT. Show more US link US. February 25, Bernd Struben.