News: MLL Barrick Gold, Anglogold Ashanti Sells Stake In Morila Mine To Mali Lithium Ltd

Aug 31 (Reuters) - Barrick Gold Corp ABX.TO :

• PRESS RELEASE - BARRICK SELLS STAKE IN MORILA TO FOCUS ON TIER ONE ASSETS
• CO, ANGLOGOLD ASHANTI LIMITED AGREED TO SELL THEIR 80% INTEREST IN MORILA GOLD MINE IN MALI TO MALI LITHIUM LIMITED
• AGREED TO SELL TO MALI LITHIUM LIMITED FOR CASH CONSIDERATION ESTIMATED AT BETWEEN $22 MILLION AND $27 MILLION
• SALE IS SUBJECT TO ACKNOWLEDGEMENT OF TRANSACTION BY STATE OF MALI, WHICH HOLDS REMAINING 20% OF MORILA GOLD MINE
• PARTIES ARE TARGETING CLOSING OF DEAL BEFORE END OF OCTOBER 2020