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Ann: Letter of Intent for Sale of the Bougouni Lithium Project, page-94

  1. 2,829 Posts.
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    An extract from the BGS December 22 update:

    "The project spans some 250km2 and contains the Goulamina deposit which
    hosts a JORC compliant resource of 15.5Mt at 1.48% Li2O for 229,000 tonnes
    contained Li2O. As such, Goulamina is among the highest grade, hard rock
    lithium deposits of significant size globally"

    So not only do they want to sell the Goulamina project but the entire Bougini Project for $107 million.

    Their words......."Goulamina is among the highest grade, hard rock
    lithium deposits of significant size globally".

    What am I missing here?

    Are they totally inept or is their another motive?

    Why give up the entire land holding?

    I'm doubting if this is the end game, but not sure of what game is actually going on here!
 
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