Leo lithium limited

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Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. But that doesn't mean the embattled lithium developer hasn't been busy behind the scenes. This morning, the company released a quarterly update , which provided investors with an idea of what's been going on at its Goulamina operation in Mali. According to the release, the company has made further progress at Goulamina, which is the world's fifth largest spodumene deposit. Its mining contractor mobilised their main fleet to site during the quarter and , bulk cubic metres of material were mined.

Leo lithium limited

Concurrently, ongoing negotiations with the Mali government could result in a potential settlement, offering a path for further project development. The project has the potential to become a world-class operation, and construction is advancing steadily. The company is working towards a settlement with the Mali government and will provide an update in the coming weeks, while the amount of the potential payment remains uncertain. Sign in. Forgot your password? Get help. Password recovery. Battery metals News West Africa. By Mining Review Africa. January 19, Mining Review Africa. Business and policy. Sibanye-Stillwater concludes retrenchment consultations February 23,

PGMs a key role in energy transition, demand remains uncertain February 22, But that doesn't mean the embattled lithium developer hasn't been busy behind the scenes, leo lithium limited. Scott Phillips just released his 5 best stocks to buy right now and you could grab the names of these stocks instantly!

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Leo lithium limited

Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. However, that won't be the case, with the lithium developer's shares being suspended indefinitely , this time by the ASX operator. Last month, the company's shares were slammed into another trading halt and suspension due to correspondence from the Malian junta government. It advised:. The Company requests a voluntary suspension pending an announcement in relation to correspondence from the government of Mali and the application of the Mining Code to the Goulamina Lithium Project. As you might have noticed at the top, Leo Lithium's shares appear to have been blocked from returning to trade by the ASX operator this morning. The notice explains:. The securities will remain suspended until the Company has responded to ASX's queries adequately. March 22, James Mickleboro.

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Add to Your Watchlists New watchlist. Average volume -- Shares outstanding All content on FT. He said: Leo Lithium continues to actively engage with the Mali Government to reach a constructive resolution, and we appreciate our shareholders' patience and support as we navigate through this process. All rights reserved. Search the FT Search. What did Leo Lithium say? In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making or refraining from making any specific investment or other decisions. In addition, construction and mining activities have progressed with a workforce of 1, Linkedin Linkedin. February 23, James Mickleboro. We hold a strong relationship with Ganfeng and we are pleased to report on the operational progress made on the ground in the quarter. Nevertheless, Hay remains positive on the project's future. Make up to three selections, then save. According to the release, the company has made further progress at Goulamina, which is the world's fifth largest spodumene deposit.

The Goulamina Lithium Project Goulamina is a spodumene project with development underway, located 50km west of Bougouni in Mali with all approvals and key permits received to bring the project into production. Conventional open-pit mining methods involving drilling, blasting, loading and hauling will be applied to the Goulamina Lithium Project.

Actions Add to watchlist Add to portfolio Add an alert. Get help. When will Leo Lithium shares return? February 22, James Mickleboro. Short selling activity Low. Open 0. Price EUR 0. Youtube Youtube. Unfortunately, it remains unclear when the company's shares will return to trade. This is being supported by its partnership with Ganfeng, which is China's largest lithium producer.