Below is the reply to my email I received this morning from LLL.
Thank you for your enquiry. Today we announced the first flow of funds under the US$137m EIA with our partner Ganfeng which demonstrates the confidence Ganfeng have in Leo and the Goulamina project.
The project continues as per plan and for a project update please see the September quarterly, including photos.
Discussions in Mali remain ongoing, incomplete and confidential and it is difficult to estimate a timeframe around a return to trading as it is not entirely up to us. We are unable to disclose anything further due to confidentiality obligations. In addition, as discussions are ongoing and public disclosures beyond what has already been announced could potentially prejudice these discussions to the detriment of all shareholders.
We appreciate this is frustrating for shareholders, but that is the current situation we are dealing with. Simon, the board and the team are working to get the best outcome for our shareholders and get Leo out of suspension as soon as possible. We will update our investors and the ASX as soon as we have sufficient clarity.
Regards, Leo Lithium
LLL Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
(20min delay)