viewMali Lithium Ltd

Mali Lithium says its set to turn 'Morila the Gorilla' gold mine in Mali into a major gold producer

Mali Lithium Ltd's (ASX:MLL) (FRA:N9F) Alistair Cowden talks to Proactive London about their plans to turn the 'unloved' Morila Gold Mine in southwest Mali into a major gold producer.

Cowden explains their plan to raise funds through a placement and share purchase plan (SPP) of up to $70 million to complete the acquisition. He explains how the 'world class asset' has been left for a decade due to lower gold prices but now there is significant potential.

The plan is to continue tailings operations and generate cashflow as well as commence infill and extension drilling at Morila and its satellites.

Quick facts: Mali Lithium Ltd

Price: 0.155 AUD

Market: ASX
Market Cap: $56.62 m

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on 18/2/20

2 min read