Goulamina Lithium Project, Mali

Goulamina comprises a large land holding (295km²) covering highly prospective lithium pegmatites in the Bougouni Region of southern Mali, approximately 150km by road from Mali’s capital, Bamako. The Project hosts a spodumene (lithium) pegmatite deposit at Goulamina with a published Mineral Resource (compliant with JORC 2012 Reporting Guidelines) of 32.9 Mt @ 1.37% Li2O (0.4% Li2O cut-off, 451,000t contained Li2O). In January 2017, the results of a Scoping Study concluded that the project was of sufficient commercial potential to justify progression to a Pre-feasibility Study. A PFS on the project has confirmed the technical and economic viability of Goulamina wth four possible development sGoulamina cenarios considered. Estimated capital cost ranges from $86.9 million to $412 million. The exact co-ordinates are currently not available however the approximate area of location is lat: 11.4131511; long: -7.5338046.