Firefinch & GANFENG, page-162

Interesting
High Voltage: Ignore short term market noise, the ‘perfect storm’ for rising battery metal prices is here

FIREFINCH (ASX:FFX) +23%

Gold focussed Firefinch is due to come out of a trading halt over the next couple of days to announce a development partner for its advanced Goulamina hard rock lithium project in Mali.

Results of a Definitive Feasibility Study (DFS) in October 2020 placed Goulamina among the world’s highest quality and largest undeveloped lithium deposits, Firefinch says.

The feasibility study revealed a pretty good set of numbers with a pre-tax net present value of $1.7bn and a reasonably low all-in cost of about $313 a tonne.

Since completion of the Goulamina DFS, there have been unsolicited expressions of interest in Goulamina relating to partnership and offtake opportunities, the company says.

“We genuinely believe there is no value for the lithium reflected at all in our stock price at the minute,” says Firefinch managing director Michael Anderson.