Mali Lithium Encounters More High-Grades at Goulamina

THE DRILL SERGEANT: Mali Lithium (ASX: MLL) announced more drilling results from the company’s 100 per cent-owned Goulamina lithium project in Mali, West Africa.

Mali Lithium said the drilling had demonstrated the quality of Lithium Oxide (Li2O) mineralised intercepts that are being thrown up from its recently completed RC drilling program continues to improve at the project.

Best of the latest results include:

72m at 1.66 per cent Li2O from 23m;

71m at 1.73 per cent Li2O from 126m;

64m at 1.85 per cent Li2O from 121m;

81m at 1.26 per cent Li2O from 133m;

48m at 1.82 per cent Li2O from 17m; and

49m at 1.82 per cent Li2O from 115m.

Mali Lithium explained that it has only received results for approximately 70 per cent of assays due to delays caused by the global shutdown.

However, the company expects results from the remainder of assays and the results of optical downhole surveys when they are ready.

Despite these delays, the company stressed it would make every effort to meet its previously advised timetable for an updated Mineral Resource, Ore Reserve and the Definitive Feasibility Study (DFS).

To that end, data validation, and statistical analysis has now commenced, leading up to estimation of a new Mineral Resource Estimate (MRE) for the Main, West l, West ll, Sangar l and Sangar ll domains and will be used to inform the DFS.

“Through this drilling program we continue to improve our confidence in the ore body and encounter high grade intersections particularly from the Sangar l and Sangar ll domains,” Mali Lithium managing director Chris Evans said in the company’s announcement to the Australian Securities Exchange.

“We look forward to publishing the updated Mineral Resource shortly, followed by the Ore Reserve and DFS in May.”