A feasibility study at a Mali lithium project has revealed it has the potential to become a multi-million tonne hard rock mine operation.
Birimian Ltd announced in an updated study this week that its Goulamina Lithium Project, with a maiden ore reserve estimate of 31.2 million tonnes of Lithium, could support a 16 year operating mine life at an annual production rate of 2 million tonnes.
Birimian’s Executive Director and Chief Executive Officer, Mr Greg Walker, described the release of the PFS results as an excellent achievement for Birimian. “The outstanding financial projections for the Project, together with the high-grade deposits amenable to low-cost and straightforward mining, establishes Goulamina as an exceptional lithium project of global significance. A maiden Ore Reserve of 31.2Mt confirms Goulamina’s capacity to support a 2Mtpa processing plant for an initial mine-life of 16 years in the first phase of the Project’s development.
“I am particularly pleased that the objectives we set for this PFS process have been so successfully achieved. Our ability to satisfy the long-term requirements of strategic offtake partners is now clearly demonstrated.” he said.
The Republic of Mali has an outstanding track record for facilitating and rapidly permitting mineral development projects. The country has a strong mining culture, demonstrated by being the third largest producer of gold in Africa. The Malian Mining Code provides suitable significant fiscal concessions to encourage mineral development.