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Birimian Gold (ASX: BGS)

Birimian Ltd (ASX: BGS) recently released its maiden JORC resource, confirming it has one of the highest grade, hard rock lithium deposits held by an ASX listed company in the world today.

Buoyed by highly positive results, BGS is looking to leverage off the current lithium boom being fuelled by a growing global desire for more efficient and cleaner power sources.

BGS owns 100% of its Bougouni Lithium Project in the west African nation of Mali and with its resource open along strike and at depth, we would expect it to grow over time…

BGS is due to kick off a drilling campaign in the coming weeks, hunting extensions to wide, high grade intercepts already previously struck.

With everything looking to be moving in its favour, BGS has several catalysts on the horizon.

BGS is now in a position to advance its Scoping Study and define its project Feasibility Study and first Ore Reserve Estimate by the end of the year.

The company has also entered an MoU with one of China’s biggest commodity trading platforms. This multi-billion dollar Chinese company will facilitate a range of mutually beneficial transactions, including offtakes, mine development and achieving spot market pricing of BGS’ lithium.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

BGS has the highest grade lithium resource of significant size held by an ASX listed company today, but this may be just the start of things to come.

With cash in the bank to fund its development activities, the company is looking forward to potentially meeting its goal of becoming an important cog in the wheel of the lithium energy boom, particularly in one of the most lithium hungry nations of the world – China.

 

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Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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