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#Bull Case
stale
Added 3 years ago

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