Ookami Ltd. (AU:FL1) has released an update.
First Lithium Limited reported promising results from its phase 1 drilling program at the Blakala prospect in Mali, with significant lithium mineralization over a 1km strike that remains open. High-grade intersections include a notable 111.0m at 1.57% Li2O, and the company expects to release its Maiden Mineral Resource Estimate by June 2024. With the exploration permits renewal underway and a cash balance of $1.3m, First Lithium is positioning itself as a potential key player in the lithium market.
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