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50.5¢ leo lithium limited

Let's clarify this as there seems to be confusion. The licence...

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dazaliam

5,883 Posts.

1930

22/09/23

02:50

Post #: 69968876
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Originally posted by Sungar ↑

"The Malian mining sector is dominated by foreign groups such as the Canadian Barrick Gold and B2Gold, the Australian Resolute Mining or the British Hummingbird Resources... And the provisions of the new code will not apply to any of the fifteen or so mines which were officially in activities (exploitations) in 2021."

The Goulamina licence License PE 2040/19 was awarded as a Permis d'Exploitation, Groupes 1 et 2 on 23-08-2019 via Timbuktu resources therefore clearly we should be under the 2019 mining code. Any variation and breach to this license would see the Malian government challenged at an international court and likely convicted/ overturned. IMO.

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Let's clarify this as there seems to be confusion. The licence was awarded in 2019 but falls unders the 2012 mining code.

LLL Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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