As part of the transition, Leo Lithium is progressing with the sale of its interests in Mali Lithium BV (MLBV), the holding company of Goulamina, to Chinese giant GFL International Co. (Ganfeng). Ganfeng will assume full management responsibilities for the project during a six-month handover period ending no later than 13 November 2024. Despite the divestment, Leo Lithium also announced a substantial upgrade to the Mineral Resource Estimate (MRE) at Goulamina this morning. This follows an extensive exploration drilling campaign completed in the second half of 2023, with the MRE now increased by 27% from 211 Mt at 1.37% Li2O to 267.2 Mt at 1.38% Li2O, including 723,000 tonnes of material mined between June 2023 and April 2024 from the stage 1 starter pit and stockpiled. Regardless, these developments raise questions about the company's future direction now that its prime project is soon to be no longer under its control.