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Mali Lithium in deal with majors to become gold producer

SMALL-cap Mali Lithium is looking to take a big step up with the acquisition of an 80% stake in the Morila gold mine from Barrick Gold and AngloGold Ashanti.

Kristie Batten
The Morila pit with mine infrastructure in the background

The Morila pit with mine infrastructure in the background

Consideration is US$22-27 million, depending on the closing balance of tax credits when the deal closes, expected by the end of October. Mali had A$900,000 cash at the end of June and will be required...

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