Leo Lithium Limited (ASX:LLL)

Simon Hay
MD
Market Cap (AUD): 547.6M
Sector: Unclassified
Last Trade (AUD): 0.52 +0 (+0%)
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1. About

Leo Lithium Limited (ASX:LLL) is focused on the development of the Goulamina Lithium Project through its interest in the Goulamina Joint Venture.

The Goulamina Lithium Project comprises a land holding of 100 square kilometres covering highly prospective hard rock lithium pegmatites in the Bougouni Region of southern Mali, approximately 150 kilometres by road from Malis capital, Bamako.

Leo Lithium and Ganfeng have established the Goulamina Joint Venture, which is an incorporated joint venture in relation to the Goulamina Lithium Project. 

Ganfeng is a leading lithium chemical producer who in turn supplies tier 1 battery makers and EV makers. Each of the Company and Ganfeng hold a 50% interest in MLB. MLB currently wholly owns LMSA, which in turn owns the Goulamina Lithium Project.

The State of Mali has the right to acquire an up to 20% interest in LMSA. The State of Mali will be free-carried by the Goulamina Joint Venture on its initial 10% interest in LMSA, and has an option to subscribe for an additional 10% interest in LMSA at fair market value via the LMSA Option.

The Company was spun out of Firefinch Limited (ASX:FFX) in 2022.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk