The permits in Mali consist of Dieba North, Dieaba, Soumayer and Nimissila, and border those held by listed companies, Birimian (ASX:BGS) and Kodal (AIM:KOD) both of which have significant known lithium discoveries plus recorded lithium grades of >2% Li2O from pegmatite samples. In particular, the Dieba licence is contiguous to the north of Birimian’s Bougouni lithium project (Goulamina) which has a current JORC Mineral Resource of 15.5Mt at 1.48% Li2O for 229,000 tonnes of contained Li2O. Additionally, pegmatites (lithium bearing rocks) have been encountered at surface across the Malian licences which are on strike from known discoveries in the southern Mali region, which is rapidly emerging as an exciting lithium province.
The 4 contiguous permits in Niger, Diblio, Bongou, Namaga 2 and Dingoaba located in south western Niger in the Department of Tera in the Tillabery region, have historical lithium resources. Swarms of spodumene bearing pegmatite veins (lithium bearing mineral) have been encountered across the permit areas. The fact that these are clearly mapped within the granites covering over 70% of the permit areas, provides the Company a positive indication for commercial lithium deposits.