Leo Lithium Limited was established in 2021 as a spin out of Firefinch’s Goulamina Lithium Project in Mali.
Leo Lithium 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.
The Goulamina Project is being developed in a 50/50 joint venture with Ganfeng, the world’s largest lithium chemical producer by production capacity, providing funding, offtake and operational support to de-risk development. Goulamina is one of the few spodumene projects globally in the execute phase with FID approved by the Boards of Firefinch and Ganfeng, early stage development underway and first production targeted for early 2024.
The project is substantially funded to production with total funding commitments of up to US$194 million.
Leo Lithium’s demerger from Firefinch Limited and ASX listing is planned to occur in Q2 2022.