Lithium business:
Goulamina expected to be one of the next spodumene projects to enter production
Goulamina to be demerged from Firefinch
? Formal demerger process to commence following closing of the Goulamina JV Transaction in December quarter 2021
? In-specie distribution to shareholders with Firefinch expected to retain a 20% strategic interest in LithiumCo1
? Firefinch to provide in-country and operational expertise to support Goulamina into production
Creation of a new LithiumCo to realise value for shareholders
? Shareholders to receive an interest in Goulamina, one of the largest spodumene operations globally in partnership with Ganfeng, the world’s largest lithium producer by production capacity
? Project substantially funded to production from transaction with Ganfeng2
Gold Business:
The revival of one of West Africa’s great gold mines, Morila
Achieve targeted gold production increases at Morila
? Mine nearby satellite pits to produce up to 50koz pa
? Rapidly grow production in 2H 2022 via mining the Morila
Super Pit to 120koz pa
? Continue to grow Morila’s production to 170koz pa in 2023 and 200koz pa in 2024 following ramp-up
Deliver exploration and Resource development
? Aggressively explore at Morila and satellites
? Expect significant resource and reserve upside at Morila
? Define underground potential at Morila
? 685km2 regional package with multiple untested targets
https://firefinchltd.com/wp-content/uploads/2021/08/FFX-Investor-Presentation-August-2021-Diggers-and-Dealers-1.pdf