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Leo Lithium Ltd
5d • 5 days ago
Leo Lithium was proud to take part in Investing in African Mining Indaba last week, with Managing Director Simon Hay flying the flag for the Company at the showcase African mining event.
It was great to connect with stakeholders from across the continent and Leo is looking forward to seeing how the industry positively evolves in Africa over the next year, with the Company’s Goulamina Lithium Project in Mali set to play an important role in this evolution!
#miningindaba #mali #miningindustry
https://www.linkedin.com/feed/update/urn:li:activity:7032148988678074370/
I have done this before and the answer is no from IHUB.
I did like 10-post in a row on pemif many years ago of another company. American lithium and Lithium America use to miss me up all the time as well 
The only exception was when someone posted someones real name or email addresses..
I posted the wrong company on this message board, Post #8 is another company.
It has been up too long I cannot delete it, sorry.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171181054
Leo Lithium Ltd
1d • Edited • 1 day ago
Great to see continued progress in the construction of the Goulamina Lithium Project, well done to the whole team involved.
The ball mill foundation area has been well advanced and Leo is closing in on a major construction milestone. Watch this space for updates!
https://www.linkedin.com/feed/update/urn:li:activity:7029303818127364096/
Quarterly Report
For the quarter ended 31 December 2022
PAGE16
EVENTS
Leo Lithium advances marketing efforts to raise awareness of the Goulamina Project.
The Company hosted an Investor Webinar on Wednesday,14 December for the Capital
Markets community, an opportunity for Chairman Rick Crabb and Managing Director Simon
Hay to provide an update on the recent activities at the Goulamina Project. The webinar
was extremely well received.
Mr Hay also presented to the investment community at the 121 Mining Investment
conference in Frankfurt in November.
FINANCE
Leo Lithium’s closing cash at 31 December 2022 was A$70.8 million.
The major cash flow items for Leo Lithium during the quarter included:
• Cash Inflows:
– Refund from JV for exploration and development costs of A$2.3 million;
– Refund from JV for pre-IPO costs of A$5.8 million paid to Firefinch, and
– Interest received of A$0.1 million.
• Cash Outflows:
– Goulamina JV exploration and development costs of A$4.5 million, incurred by Leo
Lithium on behalf of the JV that is expected to recovered in the March Quarter; and
– Other corporate costs and working capital movements of A$2.6 million;
JV management fees for the September and December quarters of A$0.3 million was
received in January 2023.
Pursuant to ASX Listing Rule 5.3.4, the following expenditure has occurred since the listing
of Leo Lithium on ASX
Leo Lithium (ASX: LLL) is developing the world-class Goulamina Lithium Project (Goulamina) in Mali. Goulamina
represents the next lithium project of significant scale to enter production. The hard rock lithium project will be
the first of its kind in West Africa. Construction is underway and first production is targeted for H1 2024.
Globally significant project: Forecast spodumene concentrate production of 506ktpa, increasing up to 831ktpa
under Stage 21
, positions Goulamina amongst the world’s largest spodumene projects.
Development underway and substantially funded: One of a limited number of lithium development projects
globally which are substantially funded. Ganfeng have provided US$130 million in equity funding and a US$40
million debt facility.
Large scale, high grade orebody: World-class, high grade hard rock lithium deposit with a Mineral Resource of
142.3 Mt at 1.38% Li2O and Ore Reserve of 52 Mt at 1.51% Li2O (1.9 Mt LCE). Drilling is underway targeting
increases to the current resources and reserves.
Quality product: High quality spodumene concentrate with test work validating 6% Li2O with low impurities and
having been successfully converted to battery grade lithium hydroxide.
World-class partner: Project being developed in 50/50 partnership with Ganfeng, the world’s largest lithium
chemical producer by production capacity, providing funding, offtake and operational support to de-risk
development.
Decarbonisation thematic: Providing an essential raw material to the lithium-ion battery value chain for a clean
energy future.
https://www.investi.com.au/api/announcements/lll/684812f4-ab2.pdf
ASX ANNOUNCEMENT 19 January 2023
LEO LITHIUM ADDRESSES MEDIA SPECULATION
Leo Lithium Limited (ASX: LLL) (Leo Lithium or the Company) notes a report in the Australian
Financial Review dated 19 January 2023, outlining that Leo Lithium will be undertaking a capital
markets roadshow in the coming weeks. The article also speculates that “however it would not be
unreasonable to expect a capital raising”.
Leo Lithium has consistently stated that the Company is substantially funded for the construction of
stage 1 of Goulamina. The Goulamina Project remains within budget with construction occurring
throughout 2023 and Q1 2024. Additionally, as also previously announced, an early revenue
opportunity targeting a minimum of two Direct Shipped Ore (DSO) shipments prior to expected first
concentrate production is being investigated (see Leo Investor Webinar Presentation - Goulamina
Lithium announced to the ASX on 14 December 2023). DSO is targeted to assist de-risking project
commissioning and ramp up activities and the early revenue would provide additional balance sheet
flexibility. As such, the Company can again confirm that it has no current capital raising intentions.
The upcoming roadshow is routine capital markets engagement as part of Leo Lithium’s investor
relations program. Any interested institutional investors are invited to contact Leo Lithium at the
details below to participate.
https://leolithium.com/investor-centre/
NannoEE, found this company. I made the board.
I hope he uses it.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170968670
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