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A pre-feasibility study carried out in 2018 and updated in August 2020, estimates the potential at 109 million tonnes at 1.45% Li2O with 1.57 million tonnes of Li020. The mine could produce 362,000 tonnes per year of spodumene concentrate (lithium ore) at 6% Li2O for 16 years. Making Goulamina one of the largest lithium deposits in the world ready for development.
"A definitive feasibility study (DFS) should be completed in September 2020. The company will explore all options to realize the value of this exceptional asset at the end of the DFS", specifies its website: malilithium.com.
The Bougouni Lithium project, also obtained in 2016, is owned by Kodal Minerals. The company received approval of its environmental and social impact assessment request in the fourth quarter of 2019. A mining permit request was filed in the first quarter of 2020.
She says she intends to continue developing the mine at Boungouni, once permission is granted.
A feasibility study, announced in January 2020, estimates the potential at 1.94 million tonnes of concentrate. That is to say an average production of 220,000 tonnes of 6% spodumene concentrate per year. Its minimum lifespan is estimated at 8.5 years. The capital requirement for its development measured at 117 million dollars (about 64.350 billion CFA francs), repayable in 1.7 years.
In addition to its flagship Bougouni Lithium project, Kodal Minerals also owns the Bougouni Ouest project which covers 200 km2 and the Diendio project covering an area of ??109 km2. Collectively, Kodal owns more than 800 km2 of land in Mali. Which makes it the largest lithium developer in West Africa in terms of acreage, says the Kodal Minerals website.
These discoveries bode well for the future for the Malian mining sector. According to a study published last August by the Chilean Cochilco Agency cited by the Ecofin Agency, the global demand for lithium is expected to increase significantly to reach 2 million tonnes, by 2030, thanks to the automotive sector. The expected rise in the price of this metal should then benefit the main producers, such as Australia, Chile and China. Our two projects could, by then, go into production and conquer these world leaders in lithium exploitation.
Nope it's French. I'll copy and paste it,
These are the projects of Goulamina and Bougouni which could make our country one of the largest producers of white metal in Africa.If the Malian state was able to withstand the shock caused by the crisis of 2012, to ensure its sovereign missions, it is because the crisis had spared the gold sector. Neuralgic area which made it possible to revive the country like a patient kept alive thanks to an artificial respirator. Nothing surprising. Gold represents just under 70% of the country's export earnings. The revenues earned on the yellow metal are worth 30% of budgetary revenues, or a little more than 400 billion CFA francs in 2019. They are in the order of 7 to 8% of the gross domestic product (GDP).
In view of the importance of the sector in the national economy, our country is increasing the initiatives for the diversification of mineral resources, in order not only to face more pressing needs in terms of development, but also to be much more resilient in the face of certain economic situations with incalculable consequences for the populations.
The efforts made to this end are starting to show results.
Indeed, Mali is preparing to become one of the world's largest lithium producers. “In terms of lithium mining, the continent is almost virgin. Zimbabwe, however, is the exception with the Bikita mine. But by the diversity of the projects, the quality and the importance of the resources, it is the DRC and Mali which come at the head of the biggest potential African producers of lithium ”, analyzed the Ecofin Agency.
Third gold producer on the continent after South Africa and Ghana, Mali has two major projects (Goulamina and Bougouni) for the exploitation of lithium, essential for the manufacture of batteries, electric cars, etc. No exploitation is currently in progress.
The infrastructure (factories and others) must be installed before the mines start production. But the advances are real.
109 MILLION TONNES- The Goulamina project, acquired in 2016, is managed by Mali Lithium Limited, a gold explorer active in Mali.
More than likely been posted before but some may have missed it. Hopefully the link is the translated version.
Lithium production: Mali is preparing to develop two major projects
https://niarela.net/economie/production-de-lithium-le-mali-se-prepare-a-developper-deux-grands-projets