Birimian’s Executive Director and Chief Executive Officer, Mr Greg Walker, said that the Company was actively working to establish a strategic alliance with a suitable downstream partner. He said that, following a recent marketing trip to Asia and inquiries received by the Company, it was evident that demand for lithium, particularly from China, was growing. Chinese end-users were seeking reliable partners capable of delivering product to meet their own very aggressive timeframes.
“The Government of China has set Chinese battery manufacturers the target of doubling electric vehicle battery capacity by 2020. While it is important that we continue with baseline exploration to extend the known Goulamina resource base and hence potential mine life, Birimian already has a significant resource amenable to development, with wide and continuous pegmatites which would support bulk, low cost mining with a low stripping ratio. The Company is also well-advanced with the permitting process in a country that is keen to see the development of our lithium project in order to broaden its resource base.
BGS Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held