Projects Overview

Birimian is actively exploring more than 1,100km2 of highly prospective lithium and gold tenure in Mali. The Company controls:

In March 2016, Birimian acquired the Goulamina Lithium Project1 (previously called “Bougouni Lithium Project”). The Goulamina ground-holding hosts a significant, bulk tonnage lithium pegmatite deposit at Goulamina, where the Company estimated a maiden JORC resource of 15.5Mt at 1.48% Li2O2. This resource was upgraded in March 20173, then again in June 20174 and now stands at 32.9 Mt @ 1.37% Li2O (0.4% Li2O cut-off, 451,000t contained Li2O). A Scoping Study for the Project5 concluded that the Goulamina Project was potentially suitable for commercial development and preliminary metallurgical test work confirmed the pegmatite orebody may be processed to yield a high quality chemical grade spodumene concentrate. A Prefeasibility Study is underway with completion expected in the September 2017 quarter.

Birimian's primary gold focus is the Massigui Gold Project, where it has made several significant gold discoveries6. A portion of Massigui Gold Project area is subject to option agreements7 which contemplate the sale of an Area of Interest to Randgold for mining and processing of ore at the Morila Mill and payment of an option fee and net smelter return royalty to Birimian. Morila exercised its option In April 20178 and the process of completing the transfer transaction is underway.

 

Mali

The Republic of Mali has an outstanding track record for facilitating and rapidly permitting mineral development projects. The country has a strong mining culture, demonstrated by being the third largest producer of gold in Africa. The Malian Mining Code provides suitable significant fiscal concessions to encourage mineral development.

 

 

 

1 See ASX release, 2nd March 2016

2 See Quarterly Activities Report, December 2016

3 See ASX release, 14th March 2017

4 See ASX release, 22nd June 2017

5 See ASX release, 31st January 2017

6 See ASX release, 8th February 2016 (Mining Indaba Presentation)

7 See ASX release, 4th November 2016

8 See ASX release, 28th April 2017

 

 

Contact Us

Birimian Limited
Second Floor, Spectrum Building
100 - 104 Railway Road
Subiaco WA 6008
Australia
P: +61 8 6382 2226

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