Michael Anderson, Director of major resource focussed asset management firm, Taurus Funds Management Pty Ltd to join Firefinch as Managing Director.
Michael brings his extensive African, technical and financial experience and public company leadership skills to Firefinch.
Intention to demerge Goulamina into a separate ASX listed entity.
Demerger proposal includes Firefinch shareholders being rewarded with free shares in the new entity (Lithium Co) proportional to their existing holding.
Restructure to unlock the deep value in Goulamina following an outstanding DFS which confirmed Goulamina as one of the world’s best undeveloped hard rock lithium deposits.
The demerger will deliver shareholders an investment in two high quality companies: each delivering a clear focus on gold or lithium.
An Investment Bank will be appointed to advise Firefinch and Lithium Co on funding, partnership opportunities, offtake and the de-merger process.
Results of the Goulamina Definitive Feasibility Study confirm Goulamina as one of the world’s best hard rock lithium assets for scale and cost of production.
The Company is completing a strategic review of the asset and will advise shareholders of the outcome shortly.