Leo Lithium Limited (ASX: LLL) is developing the world-class Goulamina Lithium Project in Mali, which is the next lithium project of significant scale to enter production.

Alan Rule has been appointed Non-Executive Director effective 1 January 2023, and brings over 25 years of experience in the mining industry, including as CFO of ASX listed companies and as a Non-Executive Director of listed companies.

The project is substantially funded and development is underway with first production targeted for H1 2024.

It is a large-scale, high-grade orebody, with a Mineral Resource of 109Mt at 1.45% Li2O (3.9Mt LCE) and Ore Reserve of 52Mt at 1.51% Li2O (1.9Mt LCE).

It is being developed in a 50/50 partnership with Ganfeng Lithium Co., Ltd (Ganfeng) and will provide an essential raw material to the lithium-ion battery value chain for a clean energy future.

Following the announcement, shares of Leo Lithium (ASX:LLL) were up 3.23%.