Tag Archives: Leo Lithium

Leo Lithium awards Corica Mali Goulamina open-pit mining contract

Corica Mali, a subsidiary of Corica Mining Services, has been awarded the open-pit mining services contract at Leo Lithium’s Goulamina project in Mali, a contract valued at approximately $348 million.

The contract, awarded following the completion of a competitive tender process and extensive due diligence, encompasses six months of pre-production activities at Goulamina followed by a fixed five-year term.

The scope of the contract comprises grade control, drill and blast, load and haul, and plant ore feed services. The planned material movement target is 18-20 Mt/y over the term. Corica has already mobilised to site under an early works contract and is currently undertaking the pre-strip and direct shipped ore (DSO) mining and crushing services.

Corica has a successful track record operating in the West African region for over 20 years, and has over 2,000 employees, according to Leo Lithium. It is currently providing large-scale mining services to a number of leading ASX and TSX listed mining companies across seven mining operations in Mali and neighbouring countries of Côte d’Ivoire and Burkina Faso. This includes the Syama open-pit operation (operated by Resolute Mining), the Waghnion mine (majority owned by Endeavour Mining) and the Tongon mine (majority owned by Barrick Gold).

Goulamina is a spodumene project with development underway, located 50 km west of Bougouni in Mali with all approvals and key permits received to bring the project into production. An updated definitive feasibility study was completed in December 2021, which outlined conventional open-pit mining methods involving drilling, blasting, loading and hauling. High-quality concentrate has been validated by test work, including production of concentrate grade of 6% Li2O and low mica. Leo Lithium and Jiangxi Ganfeng Lithium Co. Ltd own the project through a 50:50 joint venture, with the Government of Mali having the option to take up a 10% free carried interest in the project.

Leo Lithium Managing Director, Simon Hay, said: “We are delighted to appoint Corica as our mining services contractor following an intensive tender process. Corica has a long history and strong presence in Mali and will bring substantial local employment and supplier opportunities to the region.

“With the mining contractor now in place, Leo Lithium has taken another major step towards realising its target of first spodumene concentrate production in the first half of 2024. We look forward to working with Corica over the long term, commencing with DSO activities this quarter.”

MSALABS continues to build global PhotonAssay offering on ‘undeniable’ demand

MSALABS, a global provider of geochemical laboratory services for the exploration and mining sectors and a majority-owned subsidiary of Capital, has provided an operational development update to coincide with the annual PDAC convention in Toronto, Canada, which highlights the deployment of western Canada’s first PhotonAssay™ technology unit.

The first few months of 2023 have seen MSALABS maintain its significant growth momentum from 2022, with the delivery of a strong operational performance from existing contracts, as well as the successful commissioning of a number of new laboratories, it said.

The western Canada first occurred at Prince George, in British Columbia, with the unit now commissioned and set to begin processing samples from a broad range of customers in the region.

In January, meanwhile, the company commissioned a PhotonAssay unit at Barrick’s Kibali mine in the Democratic Republic of the Congo, the largest gold mine on the Africa continent.

MSALABS has been a champion of Chrysos Corp’s PhotonAssay technology, which it says delivers multiple advantages over the slower, more hazardous fire assay process, such as faster, safer, more accurate and environmentally-friendly analysis of gold, silver, copper and other elements.

In July last year, it expanded its partnership with Chrysos Corp, planning for the deployment of 21 units across the globe by 2025.

In its latest update, MSALABS said its traditional business also continued to grow. with the commissioning of mine site and regional laboratories.

Included among this is the commissioning of the Singida mine site laboratory for Shanta Gold’s Singida mine in Tanzania, following a three-year contract, awarded late last year.

In Mali, meanwhile, MSALABS commissioned the laboratory in Bougouni, which will support gold and lithium operations in the southern part of the country. The first samples from Leo Lithium’s Goulamina operation are expected within days, it said;

At PDAC, the company is also expecting to sign a franchise partnership with Aurora Minerals Group to provide geochemistry services to the burgeoning Kazakhstan mining industry.

Stuart Thomson, MSALABS CEO, said: “MSALABS has got off to a very strong start in 2023, testament to the strong demand we are seeing for our services but also the continued hard work of our employees to deliver such impressive growth. Announcing new labs across all three of our major regions, further diversification of commodity mix and entry into a new country is indicative of the increasing strength and robustness of MSALABS.

“In particular, the demand for Chrysos PhotonAssay is undeniable with a multitude of major mining companies continuing to run trials and converting to the revolutionary technology. In partnership with Chrysos, we are proud to be bringing this technology to western Canada with our new commercial laboratory at Prince George where we can service the significant mining region.”