Leo Lithium, listed on the ASX, along with GFL International (Ganfeng), persists in discussions with the Mali government to address existing concerns related to the Goulamina lithium project in the country.
The company states that it is presently unable to provide a definitive timeline for the engagement process.
This follows an announcement made in January indicating that ongoing talks with the Mali government, prompted by received correspondence, have been progressing towards a potential negotiated settlement. If reached, this settlement is likely to entail a payment to the Mali government.
Ganfeng and Leo Lithium have jointly developed the Goulamina project 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, contingent on a settlement with the Mali government, remains in effect.
Simon Hay, Managing Director of Leo Lithium, expressed gratitude to shareholders for their patience and support during this challenging period.
He reiterated the company’s commitment to engaging constructively with the Malian government while advancing the Goulamina lithium project.
Hay emphasized the strong relationship between Leo Lithium and Ganfeng, highlighting their collaborative efforts to complete project construction ahead of commissioning.
As Leo Lithium and GFL International continue their engagement with the Mali government, they remain dedicated to resolving issues and advancing the Goulamina project for the benefit of all stakeholders involved.
