Hay said a capital distribution would be “one of the first...

Hay said a capital distribution would be “one of the first things” on Leo’s agenda, but said it would take discussions with big investors to decide its path ahead.

“I haven’t spoken to all our major shareholders, so it is presumptuous to talk about what we do with the money,” Hay said.

“That being said, we’ve got a team here that’s developed a lithium asset.

“We’ve got a fair bit of lithium expertise in the company and we’ve got an ambitious board and management team, so we would like to do something but it’s too early to hone (in on) any targets.”

Mali is likely out of the question, but he still thinks ASX listed companies can make a go of it in Africa.

ffs