Leo Lithium Ltd

leo lithium (asx: lll) is developing the world-class goulamina lithium project in mali. goulamina represents the next lithium project of significant scale to enter production. the pure-play hard rock lithium project will be the first of its kind in west africa. early stage development is underway and first production targeted for early 2024. globally significant project forecast annual spodumene concentrate production of 506ktpa increasing up to 831ktpa under stage 2 positions goulamina amongst the world’s largest spodumene projects. development underway and substantially funded one of a limited number of lithium development projects globally which are substantially funded. us$130 million in equity funding already received from ganfeng and us$40 - $64 million in debt expected. tier 1 orebody world-class, high grade hard rock lithium deposit with a mineral resource of 109mt at 1.45% li2o (3.9mt lce) and ore reserve of 52mt at 1.51% li2o (1.9mt lce). drilling is underway targeting