Ookami Ltd. (AU:FL1) has released an update.
First Lithium Ltd has announced promising initial metallurgical test results from its Blakala Lithium Project in Mali, showing a lithium oxide concentrate grade of 6.8% with an 80% recovery rate. The tests, conducted by SGS South Africa, revealed that spodumene, a key lithium-bearing mineral, comprises 98% of the lithium mineralogy. These results are seen as a positive development for the project, indicating potential for producing a marketable lithium concentrate.
For further insights into AU:FL1 stock, check out TipRanks’ Stock Analysis page.