PERTH (miningweekly.com) – Whereas a definitive feasibility examine (DFS) into the Goulamina lithium challenge, in Mali, has confirmed the challenge’s economics, proprietor Mali Lithium has launched a assessment of each its lithium and gold belongings to guage the ‘optimum path’ to understand worth for shareholders.
The DFS into the Goulamina challenge estimated that it could require a capital funding of $194-million.
ASX-listed Mali Lithium on Tuesday advised shareholders that primarily based on a mineral useful resource of 108.5-million tonnes, grading 1.45% lithium oxide, the challenge would produce a mean of 436 000 t/y of spodumene focus over a mine lifetime of 23 years.
The DFS estimated a pre-tax web current worth of some $1.2-billion, and a pre-tax inner price of return of 55.8%, primarily based on a value of $666/t of focus, whereas the all-in sustaining prices for the challenge have been estimated at $306/t of focus over years one to 5 of the operation.
There was additionally potential to extend the dimensions of the openpit mineral useful resource and reserve via infill and extension drilling, Mali Lithium advised shareholders.
“It’s fantastic to have Goulamina confirmed as one of many world’s premier arduous rock lithium belongings with excellent returns, few mining tasks present a pre-tax web current worth of $1.7-billion,” mentioned Mali Lithium government chairperson Alistair Cowden.
“Goulamina requires a pointy particular person focus and we shall be reviewing choices to attain that. We’re conscious of market situations for lithium in the meanwhile, and given the standard of the challenge we shall be affected person to make sure we maximise shareholder returns,” he added.
The assessment will embody consideration for three way partnership, offtake financing, debt financing, fairness financing, a attainable sale of the challenge or a spin-out.
Along with a assessment into the Goulamina challenge, Mali Lithium can also be endeavor a assessment of its Morila gold operation, additionally in Mali.
The corporate not too long ago struck a A$22-million to A$27-million settlement with majors Barrick and AngloGold to amass the Morila gold mine, with the transaction set to shut on the finish of October.
The challenge is presently producing at an annualised price of as much as 50 000 ozy recovered gold from tailings, nevertheless, Mali Lithium beforehand mentioned that it plans to extend manufacturing by restarting openpit mining at satellite tv for pc pits and at Morila itself.
The gold challenge is presently estimated to host an inferred useful resource of some 32-million tonnes, at 1.26 g/t gold for 1.3-million ounces of contained gold beneath and across the Morila most important pit alone.