{"id":8118,"date":"2024-04-09T01:43:20","date_gmt":"2024-04-09T01:43:20","guid":{"rendered":"https:\/\/economicherald.net\/?p=8118"},"modified":"2024-04-09T01:43:20","modified_gmt":"2024-04-09T01:43:20","slug":"another-goulamina-style-monster-first-lithiums-maiden-resource-is-just-around-the-corner","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=8118","title":{"rendered":"Another Goulamina-style monster? First Lithium\u2019s maiden resource is just around the corner"},"content":{"rendered":"

More thick, high grade lithium hits reported from First Lithium\u2019s Blakala prospect, one of only two Tier 1 priority lithium targets in Mali
\nNew drill results from the +1.3km-long Main, Eastern, and Western pegmatite bodies include 21m at 1.96% Li2O; 8m at 2.23% from 38m
\nRemaining results are expected in the coming month with the company\u2019s maiden JORC resource to follow<\/p>\n

\u00a0<\/p>\n

Special Report:<\/em> More thick, high grade lithium hits bode well for First Lithium\u2019s highly anticipated maiden resource at Blakala, one of only two Tier 1 priority lithium targets in Mali.<\/strong><\/p>\n

First Lithium\u2019s (ASX:FL1)<\/a>\u00a0 Faraba and Gouna permits are surrounded by world-class lit\u00adhium projects, including\u00a0Leo Lithium (ASX:LLL)<\/a>\u00a0and Gsnfeng\u2019s giant 211Mt at 1.37% Li2O Goulamina JV.<\/p>\n

While LLL is grappling with some jurisdictional issues at Goulamina, first spod is still pencilled in for Q2. All in sustaining costs of US$365\/t\u00a0SC6 would provide solid profits at conservative long-term pricing of ~US$900\/t.<\/p>\n

It means the prize for $20m capped FL1 is huge, with Goulamina and Blakala the only two Tier 1 priority lithium targets in Mali ranked by CSA Global in 2008.<\/p>\n

FL1 embarked on a monster drill blitz at Blakala on relisting in September last year, which will soon culminate in a highly anticipated maiden resource.<\/p>\n

\u00a0<\/p>\n\n

Pic: FL1<\/em><\/p>\n

\u00a0<\/em><\/p>\n

Drill program wraps up with more thick, shallow, high grade lithium<\/strong><\/h2>\n

New diamond drill results from the +1.3km-long Main, Eastern, and Western pegmatite bodies include a highlight 21m at 1.96% Li2O from 22m (Eastern), 15m at 1.73% Li2O from 50m, and 15m at 1.76% Li2O from 32m (Western).<\/p>\n

RC pre-collar holes between Main and Western also hit bonanza grades including 8m at 2.23% from 38m.<\/p>\n

These intercepts represent newly discovered pegmatites, the company says.<\/p>\n

The company has added a diamond \u2018tail\u2019 to these holes to intersect the Main pegmatite body at ~100m under surface. A tail enables it to drill deeper in holes where mineralisation has already been found with a method that will also allow it to collect data on the orientation of the deposit.<\/p>\n

Final results from the completed drill program are pending.<\/p>\n

\u201cThe ongoing assay results continue to impress with significant grades identified in these, the latest sample results from the laboratory,\u201d FL1 boss Venkat Padala says.<\/p>\n

\u201cThe remaining results are expected in the coming month with the company\u2019s maiden JORC resource to follow.\u201d<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>This article was developed in collaboration with First Lithium, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Another Goulamina-style monster? First Lithium\u2019s maiden resource is just around the corner<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

More thick, high grade lithium hits reported from First Lithium\u2019s Blakala prospect, one of only two Tier 1 priority lithium targets in Mali New drill [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":8119,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nAnother Goulamina-style monster? 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