Ann: Significant Goulamina Resource Upgrade 48% Increase to 211Mt, page-178

BUZZ-Macquarie raises Leo Lithium's PT on resource upgrade at Mali project

21 06 2023 02:23pm AEST

** Macquarie raises price target on Australia's Leo Lithium on resource upgrade at co's Goulamina project in Mali
** Brokerage raises PT by 3% to A$1.60, maintains "outperform" rating
** LLL hit a record high on Tuesday after upgrading Goulamina mineral resource estimates (MRE) by 48% to 211 metric tons
** "The material uplift in measured and indicated MRE presents upside to Goulamina's reserves, in our view" - Macquarie
** Brokerage says LLL highlighted that there are assay results yet to be included in the recent update, which present upside to co's resource base
** All 5 analysts rate LLL "buy" or higher, their median PT is A$1.70
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