CAPITAL MARKETS

Firefinch outlines Morila capital and Goulamina de-merger plan

FIREFINCH has intends to demerge the Goulamina lithium asset into a separate ASX-listed vehicle and has outlined some of the potential capital costs involved in meeting its ambition of developing a large scale “Morila Superpit” in Mali.

Firefinch's Morila pit, Mali

Firefinch's Morila pit, Mali

Firefinch believes it could cost US$20-26 million to get satellite mining and processing underway, and possible $30-40 million in cutbacks, dewatering and associated activities at the much larger scale...

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