Leo Lithium Ltd. (AU:LLL) has released an update.
Leo Lithium Ltd. has reported a significant 27% increase in the Mineral Resource Estimate for their Goulamina Lithium Project, now totaling 267.2 million tonnes at 1.38% lithium oxide. This upgrade follows a successful exploration drilling campaign in 2023, which is part of the company’s ongoing efforts to sell its interest in the project to Ganfeng. The increased resource estimate includes the latest drilling data and is reported within a US$1500/tonne optimised pit shell, indicating promising prospects for economic extraction.
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