Security and sovereignty issues in Mali have pushed Leo Lithium to offload its final 40 per cent interest in the Goulamina Lithium Project to Ganfeng for $342.7 million.
West Perth company Pilbara Minerals and China-based Ganfeng have signed a deal to do a joint study over a 32 thousand tonnes per annum lithium conversion plant.
Leo Lithium has awarded mining services provider Corica Mali a contract valued at about $520 million to deliver services at its Mali-based Goulamina Lithium Project.
Leo Lithium has reached first production of direct shipped ore at its Goulamina hard-lock lithium project in West Africa after its first blast earlier this month.
Mineral Resources and Mt Marion joint venture partner Ganfeng have terminated a deal to convert spodumene concentrate to lithium battery chemicals, and revised guidance for its lithium assets.
A revised study for Firefinch's West African lithium development has more than doubled the project's value and boosted forecasted mine production from 2.3 million tonnes to 4 million tonnes per annum.
West Perth-based Firefinch is looking to raise more capital to develop its Mali gold and lithium projects in the company's second round of fundraising activity this calendar year.
Galaxy Resources has confirmed interest in striking a downstream processing deal with Alita Resources' offtake partner, just a day after placing the lithium miner into receivership, while Talison is reconsidering the timing of its $516 million stage three expansion project at Greenbushes.
Neometals will hold on to its minority stake in the Mt Marion lithium mine after failing to find a buyer, and plans to spin-out its technology and titanium assets into a new company.
Pilbara Minerals has announced another capital raising, this time by way of a placement and share purchase plan, to fund development of its Pilgangoora lithium project.
Shares in Pilbara Minerals were up 20 per cent on news the company has inked a major offtake and $US20 million investment agreement it says will pave the way for final funding of development of its Pilgangoora lithium project.
The joint venture partners behind the Mt Marion lithium mine near Kalgoorlie have heralded an inaugural shipment of ore to China, with Mineral Resources becoming the state's third lithium producer.
WA is one of the world's largest producers of lithium, but a plan to diversify from mining into advanced manufacturing opportunities will be tricky to shore up.
