Leo Lithium Limited
LLL.AX
Australian Securities Exchange0.51
AUD
-0.02
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Leo Lithium Limited
LLL.AX
(Australian Securities Exchange)
Recent
price
0.51
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Leo Lithium Limited (ASX:LLL) is an Australia-based mining investment company focused on lithium exploration, development, and production opportunities following the divestment of its primary asset. The company previously advanced the Goulamina Lithium Project in southern Mali, West Africa, a world-class hard rock spodumene deposit spanning approximately 100 square kilometers in the Bougouni Region, through a joint venture with Ganfeng Lithium Co. Ltd.; the project featured definitive feasibility study outcomes supporting phased production of spodumene concentrate, secured port services at Abidjan for minimum annual throughput of 250,000 tonnes, and targeted supply to global lithium-ion battery supply chains for electric vehicles and energy storage. Leo Lithium offers exposure to the lithium value chain via a 1.5% trailing product sales fee on Goulamina's revenue for up to 20 years, providing ongoing risk-adjusted income without operational involvement. Founded in 2021 and headquartered at 16 Ventnor Avenue, Level 2, West Perth, Western Australia, the company listed on the ASX in June 2022 and primarily targeted institutional and retail investors in the battery metals sector. Geographically, its legacy operations centered on Mali with logistics to major West African ports and conversion facilities in China, though current activities emphasize global merger and acquisition opportunities in lithium hard rock assets. In recent major changes, Leo Lithium completed the sale of its remaining 40% stake in the Goulamina Project holding company, Mali Lithium BV, to Ganfeng Lithium in tranches during 2024 and 2025, receiving initial payments including US$116.3 million and a final US$171.2 million plus US$6.4 million interest in mid-2025, alongside prior distributions totaling A$330 million to shareholders in October and November 2025. This divestment, valued at approximately A$516 million in total consideration, resolved prior disputes with the Malian government via a US$60 million settlement and positioned the company with substantial cash reserves exceeding A$400 million post-tax for strategic redeployment. As of late 2025, Leo Lithium actively pursues value-accretive acquisitions in lithium hard rock projects, with a pipeline of opportunities under advanced review and plans to return excess Tranche 2 funds to shareholders by late 2025 if no deals progress by Q3; the company faces potential ASX delisting on September 19, 2025, but engages on relisting post any acquisition.