Leo Lithium continues to engage Malian govt on Goulamina project issues
ASX-listed Leo Lithium and GFL International (Ganfeng) continue to engage with the Mali government in an attempt to resolve current issues relating to the Goulamina lithium project in the country.
At this stage, Leo Lithium says it is unable to provide a definitive timeline for that engagement.
This follows an announcement in January that ongoing discussions with the Mali government regarding correspondence received have been progressing towards a potential negotiated settlement, which, if reached, would likely require a settlement payment being made to the Mali government.
Ganfeng and Leo Lithium have been developing Goulamina through the joint venture holding company Mali Lithium BV (MLBV).
Leo Lithium’s previously announced agreement to sell an additional 5% of MLBV to Ganfeng for $65-million, which is conditional on a settlement with the Mali government, remains binding.
“We deeply appreciate our shareholders’ patience and support as we navigate what has been a challenging time for the company.
“We continue to engage with the Malian government whilst working to advance the
world-class Goulamina lithium project,” says Leo Lithium MD Simon Hay.
The company’s relationship with Ganfeng remains strong as we work towards completing project construction ahead of commissioning,” he adds.
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