Having completed the original Definitive Feasibility Study (DFS) in 2019, Lycopodium provided a DFS Update in December 2021, which included a revised flowsheet to facilitate a potential increase in plant throughput to 4.0 Mtpa. Process plant production from the initial stage is via a crushing and milling circuit, followed by flotation, dewatering and storage, producing 0.5 Mtpa of spodumene concentrate per annum. Production will increase to 0.8 Mtpa (based on Stage 2 steady state production, first 5 years) on construction of Stage 2.
One of the largest undeveloped hard rock lithium deposits globally, the world-class Goulamina lithium deposit is located in the Bougouni Region of southern Mali, approximately 150 kilometres south of the country’s capital, Bamako. The project, which is due for completion in 2024, will be West Africa’s first operating lithium mine.