STTCOMP MLL FA LONG SOI:~350M @ 8.6c approx $30M market cap CASH: $3.4M (currently undergoing a major lithium drilling program to enhance resource)
Mali Lithium Limited (ASX:MLL) is developing the world class Goulamina Lithium Project in Mali, West Africa.The Project is the largest uncommitted hard rock lithium reserve in the world being 31mt at 1.56%Li2O. The Project is fully permitted, with the Company having received its’ Environmental Permit approval in March 2019, and its Exploitation (Mining) Permit approval in August 2019. Mali Lithium has signed a Letter of Intent (LOI) with Changsha/Minmetals Corporation of China to discuss potential opportunities in EPC, off-take, and funding for the project.
Upcoming processing results, DFS, lithium drilling results and potential gold news (they are in discussions for a royalty deal) should have MLL re-rate hard on news. They are in both active gold and lithium markets and last year pulled $5M US in gold royalties....
Oppies still all the way up at 15c almost a bagger and will bring in another $5M cash if executed. Happy days.
