Leo Lithium Ltd. (AU:LLL) has released an update.
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Leo Lithium Ltd. achieved an 86% completion milestone on the Goulamina Project with no injuries and mined 1.07 million BCM in the last quarter. The company is proposing to sell its shareholding in Mali Lithium B.V. for US$342.7 million, pending shareholder approval, and plans to distribute the proceeds in two phases in 2025. Management of the project has transitioned to Ganfeng as the company settles outstanding issues with the Mali Government and prepares for shareholder voting at the upcoming Annual General Meeting.
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