Birimian hits broad zones of lithium at Bougouni

Published at Jul 13, 2016, in Mining

Editor’s note: Birimian Limited is a very high risk stock. Getting mining projects up and running in countries such as Mali is no simple feat for political and social reasons, and there may be challenges ahead. You need to fully inform yourself of all factors and information relating to this company before engaging with it.

Birimian Limited (ASX:BGS) has hit broad zones of lithium mineralisation at shallow depth from its first reverse circulation drilling at its Bougouni project.

It has been drilling the Goulamina prospect at the project through a reverse circulation drilling campaign, with 42 shallow holes drilled.

The first five results have come back from the lab, confirming broad hits including 40m @1.84 lithium oxide from 10m.

Other hits included:

  • 23m @1.96% Li2O from 20m;
  • 36m @1.72% Li2O from 12m;
  • 42m @1.65% Li2O from 66m and;
  • 40m @ 1.53% Li2O from 7m

The intersections were determined using an elevated cut-off grade of 1% Li2O.

BGS told its shareholders that the broad hits, even at this early stage, suggested that mineralisation could have low strip ratios and therefore would be amenable to bulk open pit mining.

The first five holes were drilled in the northern portion of the Goulamina main zone, which is a 700m long surface expression – with logging suggesting that the main zone is open along strike under shallow soil cover to the north and south of current drilling.

A map of BGS' project in Mali

A map of BGS’ project in Mali

Previously it had said reconnaissance drilling had identified areas of mineralisation to the immediate west of the main Goulamina Zone, giving BGS a longer term target.

In addition, BGS is in the process of drilling 700m worth of deeper diamond drilling.

About Birimian Limited (ASX:BGS)

Birimian Limited is a multi-commodity mineral exploration company holding substantial interests in several lithium and gold projects in West Africa.

The company is actively exploring in excess of 2000km2 of highly prospective tenure in Mali and Liberia, and continues to work to secure additional high potential projects in the region.

Birimian’s projects include the Bougouni Lithium Project, the advanced Massigui Gold Project, and the Dankassa Gold Project, all situated in southern Mali. The company also operates the Basawa Gold Project in Liberia.

The plan at Bougouni is to target a resource of 15 million to 18 million tonnes at an average grade of between 1.8% and 2.2% lithium oxide.

The exploration target is conceptual in nature and is based on previous work done by mining consultancy CSA Global as part of a program funded by the World Bank aimed at stimulating the economy of Mali.

The drilling is being done to try and fast-track an initial resource estimate and a JORC Resource – which it has said would more than likely come before the end of the year.

View Our Investment Portfolios



S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!