Leo Lithium Limited
LLLAF
Other OTC0.04
USD
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Leo Lithium Limited
LLLAF
(Other OTC)
Recent
price
0.04
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Leo Lithium Limited Leo Lithium Limited (ASX:LLL) operates as an Australian minerals exploration and development company focused on lithium projects, previously centered on the Goulamina Lithium Project in Mali, West Africa; the company engages in lithium mineral exploration, project development, construction, and production of spodumene concentrate for the global electric vehicle and energy storage markets. Incorporated in 2020 and headquartered at 16 Ventnor Avenue, Level 2, West Perth, Western Australia, Leo Lithium targets high-grade spodumene resources through strategic joint ventures and now pursues alternative value-accretive opportunities in the battery materials sector following significant asset divestment. Its operations historically spanned Mali, with partnerships involving major lithium producers, and it maintains a lean structure with 2-10 employees dedicated to mining, project advancement, and shareholder value creation. In a major strategic shift, Leo Lithium completed the sale of its remaining 40% interest in the Goulamina Lithium Project—held through Mali Lithium BV—to joint venture partner Ganfeng Lithium Co. Ltd. for US$342.7 million in 2025, with tranches received including US$116.3 million initially, US$171.2 million plus interest in October 2025, and distributions totaling over A$537 million (95% of proceeds) returned to shareholders by year-end via payments in October, November, and a final tranche. This divestment, driven by Mali's 2023 Mining Code changes and geopolitical risks, resolved issues via a memorandum of understanding with the Malian government and retained long-term exposure through a 1.5% trailing product sales fee on Goulamina lithium revenues for up to 20 years. The company rejected acquisition proposals from Firefinch Ltd., ruled out near-term deals after evaluating opportunities, faces potential delisting from the ASX post-September 2025 as a suspended entity, and actively seeks new lithium hard rock or brine projects for growth and possible relisting.