Leo Lithium has its Goulamina lithium project’s drilling program returning thick high-grade mineralisation outside the current resource.
The Goulamina lithium project comprises a land holding of 100 square kilometres in the Bougouni region of southern Mali, and is a joint venture between Leo Lithium, who owns 50 per cent, and Ganfeng Lithium, who also own 50 per cent.
Goulamina’s drilling program had the main objective of increasing the confidence level of the orebody and converting a significant amount of inferred resource into the indicated resource category. An additional objective was the increase of the overall resource base at the project.
The Goulamina spodumene pegmatite orebody consists of sub-parallel dykes currently defined within the Northeast and the Danaya domains.
Results recorded from the significant down-hole pegmatite intercepts include:
- 92 metres at 2.01 per cent of lithium oxide (Li2O), from 132 metres including 36 metres at 3.00 per cent Li2O, from 132 metres (GMRC689)
- seven metres at 1.43 per cent Li2O, from 83.2 m (GMDD013)
- 35 metres at 1.72 per cent Li2O, from 205.3 metres and 14 metres at 2.17 per cent Li2O from 271 metres (GMRC597D)
- four metres at 1.73 per cent Li2O, from 90 metres and 70.65 metres at 2.24 per cent Li2O, from 175.6 metres (GMRC533D)
The Goulamina project successfully poured its first concrete in February 2023 within the primary crushing area, and the latest results build off the resource drilling campaign first completed in March 2023.
Leo Lithium managing director Simon Hay said the latest results at Goulamina show excellent intercepts and grades outside the current pit shell.
“With the potential to grow the mineral resource outside the current project area, the opportunity to unlock further value from the outstanding Goulamina asset continues to be apparent,” Hay said.
“With drilling continuing, we remain on track to update the mineral resource estimate for Goulamina in late June and to release a reserve upgrade in August.”