AMN - MALI: Broad lithium results from Goulamina

Mali Lithium has received strong broad lithium carbonate results from drilling at its Goulamina Lithium Project in Mali. The results will form part of an updated resource estimate for the project which is expected to be released shortly.

The results were delayed due to COVID-19 restrictions and shutdowns at laboratories in South Africa.

Most of the outstanding assays were for reverse circulation (RC) drill holes completed in the Danaya zone of the Goulamina deposit.

The latest results include:

• 64 metres at 1.85% Li2O from 121 metres;
• 81 metres at 1.47% from 63 metres;
• 72 metres at 1.73% from 125 metres;
• 57 metres at 1.38% from 57 metres and 35 metres at 1.48% from 162 metres;
• 38 metres at 2.00% from 74 metres;
• 46 metres at 1.83% from 12 metres; and
• 37 metres at 2.03% from 139 metres.

These strong results received from the 2019-2020 drilling campaign are expected to inform a higher confidence and larger mineral resource.

This resource estimate is required to complete a pit design and a mining schedule.

These are the last inputs required to complete the Goulamina definitive feasibility study.

The company will move as quickly as possible to complete the study, which is now expected to be released in quarter three of 2020.

Goulamina is fully permitted and is one of the world’s largest uncommitted hard rock lithium reserves. The company also holds the Massigui Gold Project and the prospective Dankassa Gold Project, all in southern Mali and from which it intends to generate near term-value for shareholders.

www.malilithium.com