Downstream options under microscope at Goulamina
PERTH (miningweekly.com) – Junior Mali Lithium has launched a scoping study into the potential downstream processing of the 6% lithium oxide product to be produced from its Goulamina lithium project, in Mali.
The ASX-listed company said that the scoping study into the possible production of lithium products such as lithium sulphate and lithium oxide, will be done in parallel with the ongoing definitive feasibility study (DFS) for the Goulamina mining and processing project.
The scoping study is expected to take six months to complete.
“This is an exciting, low cost opportunity to investigate an alternative downstream processing option that has the potential to add significant further value to the Goulamina lithium project,” said Mali Lithium MD Chris Evans.
“As we progress the DFS for Goulamina, we are continuing to investigate and evaluate a range of options to maximise value for Mali Lithium shareholders.
A previously completed updated prefeasibility study into the Goulamina project had previously estimated that it could produce an average 362 000 t/y of spodumene concentrate, or a total of 5.7-million tonnes of concentrate over an initial mine life of 16 years, based on a two-million-tonne-a-year mineral concentrating plant.
The project is estimated to have a net present value of A$653-million and an internal rate of return of 49.5%, and would require a capital investment of A$196-million.
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