Firefinch Limited (ASX:FFX)
Firefinch Limited (ASX:FFX) is a Mali focussed gold miner and lithium developer. Firefinch has an 80% interest in the Morila Gold Mine and it currently owns 100% of the Goulamina Lithium Project.
Morila Gold Mine
The Morila Gold Mine is one the worlds great open pit gold mines, having produced over 7.5Moz of gold since 2000 at grades that were among the highest in the world, earning it the moniker Morila the Gorilla. Firefinch acquired Morila for just US$28.9m in late 2020 with the strategic intent to rapidly increase production.
Goulamina Lithium Project
Goulamina as a long life, large scale and low-cost open pit project expected to produce 436ktpa of spodumene concentrate at an average cash cost of US$281/t. An initial mine life of 23 years is underpinned by a high grade, low impurity Ore Reserve of 52Mt at 1.51% Li2O for 0.79Mt contained Li2O comprising 8.1 million tonnes of Proven Ore Reserves at 1.55% LiO and 44.0 million tonnes of Probable Ore Reserves at 1.50% LiO. The Company is in the process of demerging Goulamina into a new ASX listed entity.
Firefinch is a responsible miner supporting positive social and economic change through contributing to the communities in which it operates. The Company seeks to buy local, employ local and back local socio-economic initiatives, while operating in a manner that safeguards the environment and places its teams safety and wellbeing as first priority.