EXPLORATION / DEVELOPMENT

Goulamina set to cost Leo-Ganfeng more to develop

LEO Lithium says the capital cost of the Goulamina lithium project development in Mali has risen by 12% to US$285 million, while the “combined impact of the revised capital cost estimate and the inclusion of costs for the ‘operational readiness phase’ brings total capital expenditure from FID to first production to $318 million”.

 Building activity earlier this year at Goulamina

Building activity earlier this year at Goulamina

Leo did not clarify the impact the increased cost has on its funding plans - if any - with the project a 50:50 joint venture with Ganfeng. In January it told the ASX it was "substantially funded for...

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