Maiden Resource at Goulamina Confirms Large
Tonnage and High-Grade Lithium Deposit
Maiden Goulamina Mineral Resource;
15.5 Mt @ 1.48 % Li
2
O (229,000t contained Li
2
O)
Substantial high-grade, near
surface component presents
opportunity for enhanced early cash flow
Excellent potential to add signific
ant tonnages of shallow, high
grade lithium mineralisati
on with further drilling
Project evaluation studies in prog
ress to define preliminary data
associated with mining, processing and capital costs
Drilling to re-commence shortly,
focusing on resource extensions
and upgrades to resource categories
Birimian Limited (ASX:BGS; “Birimian” an
d “Company”) is pleased to report
the maiden JORC-compliant Mineral Resource estimate for the Goulamina
deposit, at its Bougouni
Lithium Project in Mali.
The estimated Mineral Resource at Goulamina is
15.5 Mt @ 1.48 % Li
2
O, for
229,000 tonnes of contained Li
2
O
(Table 1). This positions the deposit as
among the highest grade, hard rock lithium deposits of significant size
globally today.
Commenting on the milestone, Birimian Managing Director Mr Kevin Joyce
said, "We are very pleased to have 100% ownership of the
highest grade
lithium resource held by an
y ASX-listed company today.
"This maiden resource estimate is an outstanding result, especially given
that first drilling occurred less than si
x months ago. This provides a strong
platform to rapidly advance a scoping
study to define the key parameters
that will underpin the project Feasibility Study and first Ore Reserve
estimate.
"Of note, there remains significant pote
ntial to substantially expand this
maiden resource and improve the modelled grade with additional drilling,
particularly at the recently discover
ed West Zone, where wide and high
grade mineralisation remains open along strike near surface and at depth.
The resource grade of 1.67% Li
2
O at West Zone is very encouraging
, and
we are eager to begin the next phase drilling program, which will
commence in late November.
BGS Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
