Birimian is actively exploring in excess of 1,400km2 of highly prospective lithium and gold tenure in Mali. The Company controls:
In March 2016, Birimian acquired the Bougouni Lithium Project, in close proximity to road and power infrastructure. The Bougouni ground holding hosts the high grade, bulk tonnage lithium pegmatite deposit at Goulamina, where the Company has estimated a maiden JORC resource of 15.5Mt at 1.48% Li2O. Preliminary test work has confirmed the pegmatite orebody would yield a high quality chemical grade spodumene concentrate.
Birimian's primary focus for gold is the Massigui Gold Project, where it has made several significant gold discoveries. The Company is currently focused on unlocking value through developing a processing solution for its existing gold deposits, which are located within 25km of the underutilised Morila Gold Mine and processing facility, operated by Randgold Resources. A portion of Massigui Gold Project area is subject to an option agreement which contemplates the sale of an Area of Interest to Randgold for mining and processing of ore at the Morila Mill.
The Republic of Mali has an outstanding track record for facilitating and rapidly permitting mineral development projects. The country has a strong mining culture, demonstrated by being the third largest producer of gold in Africa. The Malian Mining Code provides significant fiscal concessions to encourage mineral development, including low company tax rates (25%), a three year tax holiday on profits from new mine development, and a full exemption from value-added tax on mining inputs, including fuel, during the life of a project.