Leo Lithium Ltd

About

Leo Lithium (ASX: LLL) is developing the world-class Goulamina Lithium Project in Mali. Goulamina represents the next lithium project of significant scale to enter production. The pure-play hard rock lithium project will be the first of its kind in West Africa. Early stage development is underway and first production targeted for early 2024.

Globally significant project
Forecast annual spodumene concentrate production of 506ktpa increasing up to 831ktpa under Stage 2 positions Goulamina amongst the world's largest spodumene projects.

Development underway and substantially funded
One of a limited number of lithium development projects globally which are substantially funded. US$130 million in equity funding already received from Ganfeng and US$40 - $64 million in debt expected.

Tier 1 orebody
World-class, high grade hard rock lithium deposit with a Mineral Resource of 109Mt at 1.45% Li2O (3.9Mt LCE) and Ore Reserve of 52Mt at 1.51% Li2O (1.9Mt LCE). Drilling is underway targeting increases to the current resources and reserves.

Quality product
High quality concentrate with test work validating 6%+ Li2O with low impurities and having been successfully converted Goulamina's spodumene concentrate to battery grade lithium hydroxide.

World-class partner
Project being developed in 50/50 partnership with Ganfeng, the world's largest lithium chemical producer by production capacity, providing funding, offtake and operational support to de-risk development.

Decarbonisation thematic
Providing an essential raw material to the lithium-ion battery value chain for a clean energy future.

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