Leo Lithium Limited (LLLAF)

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Leo Lithium (ASX: LLL) is developing the world-class Goulamina Lithium Project (Goulamina) in Mali. Goulamina
represents the next lithium project of significant scale to enter production. The hard rock lithium project will be
the first of its kind in West Africa. Construction is underway and first production is targeted for H1 2024.
Globally significant project: Forecast spodumene concentrate production of 506ktpa, increasing up to 831ktpa
under Stage 21
, positions Goulamina amongst the world’s largest spodumene projects.

Development underway and substantially funded: One of a limited number of lithium development projects
globally which are substantially funded. Ganfeng have provided US$130 million in equity funding and a US$40
million debt facility.

Large scale, high grade orebody: World-class, high grade hard rock lithium deposit with a Mineral Resource of
142.3 Mt at 1.38% Li2O and Ore Reserve of 52 Mt at 1.51% Li2O (1.9 Mt LCE). Drilling is underway targeting
increases to the current resources and reserves.

Quality product: High quality spodumene concentrate with test work validating 6% Li2O with low impurities and
having been successfully converted to battery grade lithium hydroxide.

World-class partner: Project being developed in 50/50 partnership with Ganfeng, the world’s largest lithium
chemical producer by production capacity, providing funding, offtake and operational support to de-risk
development.

Decarbonisation thematic: Providing an essential raw material to the lithium-ion battery value chain for a clean
energy future.
https://www.investi.com.au/api/announcements/lll/684812f4-ab2.pdf