Leo Lithium (ASX:LLL) is developing the world-class Goulamina Lithium Project (Goulamina) in Mali.

They note a report in the Australian Financial Review that speculates about a capital raising, however the company has stated that it is currently not intending to do so.

The upcoming roadshow is routine capital markets engagement, and the project is substantially funded and within budget.

It is a large scale, high grade orebody, with a Mineral Resource of 142.3 Mt at 1.38% Li2O and an Ore Reserve of 52 Mt at 1.51% Li2O (1.9 Mt LCE).

It is being developed in partnership with Ganfeng, the world's largest lithium chemical producer, and will provide an essential raw material to the lithium-ion battery value chain for a clean energy future.

Construction is underway and first production is targeted for H1 2024, with forecast spodumene concentrate production of 506ktpa increasing up to 831ktpa under Stage 21.