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Leo Lithium uncovers further ‘high-grade’ drilling results at Danaya Domain, Mali

ASX-listed mining company Leo Lithium (ASX:LLL) reports it has uncovered further ‘high-grade’ drilling results at the Danaya Domain, located within the Goulamina Project in Mali.

The company says the 2022 resource drilling program at Danaya is aiming to increase the confidence level in this part of the orebody, as well as convert a ‘significant’ amount of inferred resources into the indicated category.

Additional objectives of this program include increasing the overall resource base at Danaya and maintaining the current 23-year mine life at higher production rates.

The company states the Danaya drilling program is now complete and as of 10 December, 99% of reverse circulation (RC) assay results have been received (3,112 assays from a total of 3,152 samples). Diamond core has also been geologically logged and information is being used in the updated Danaya geological model.

Leo Lithium Managing Director Simon Hay says: “These additional results from our Danaya drilling program continue to reveal high-grade, thick intercepts and confirm our expectations of multiple, wide mineralised pegmatite zones.

“These additional results from our Danaya drilling program continue to reveal high-grade, thick intercepts and confirm our expectations of multiple, wide mineralised pegmatite zones”

The majority of the Li2O grades are higher than the current average mineral resource estimate (MRE) grades for Danaya, continuing the trend from earlier Danaya drilling results announced on 3 November, 2022.

The Perth-based geology team and local consultants are incorporating the new data into the geological interpretation in preparation for a new MRE of the Danaya Domain. I look forward to releasing the updated MRE in the near future.”

Leo reports drilling has successfully identified multiple north to south striking spodumene pegmatite dykes at Danaya. It also states the mineralisation is open at depth and along strike, and extensions will be targeted in future drilling campaigns.

The structural and geological information from the drilling campaign has been used to update the geological model which builds the framework for the new resource update for Danaya.

Leo reports the MRE update for Danaya is being prepared by CSA Global in Perth and is progressing well. 

The resource drilling program for the rest of the Goulamina Project, as well as a sterilisation program, is also continuing with 1 RC and 1 diamond drill rig on site.

Results from the North East (NE) Domain drilling will be reported once they have been received, which is expected throughout Q1 2023. A restatement to the NE Domain MRE will also follow in early Q2 2023.

Leo Lithium is an ASX-listed mining company focused on the Goulamina Project in Mali. The company says Goulamina represents the next lithium project of ‘significant’ scale to enter production and it will be the first hard-rock project in West Africa.

Early stage development of Goulamina is currently underway, and first production is projected to occur in the first half of 2024.

Images: Leo Lithium Ltd
Written By Harry Mulholland
Hailing from the Central Coast region of NSW, Harry is a passionate journalist with a background in print, radio and ESG news. When not bashing away on his keyboard, he can be found brewing a coffee or playing with his dog.