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Lithium Mineralization Discovered on Djimbala, Mali
Vancouver, British Columbia--(Newsfile Corp. - October 12, 2021) -   Indigo Exploration ...
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[{"type":"text","content":"Lithium Mineralization Discovered on Djimbala, MaliVancouver, British Columbia--(Newsfile Corp. - October 12, 2021) -  Indigo Exploration Inc. (TSXV: IXI) (FSE: INEN)  (the \"Company\") announces that lithium mineralization in the form of abundant spodumene crystals has been discovered on the Djimbala Permit in southern Mali, West Africa. Surface exposures of pegmatite with 25-40% coarse-grained spodumene crystals have been located. Spodumene is a lithium-rich mineral that can be converted into battery-grade lithium products. Lithium has become one of the world's most in-demand commodities thanks to the rising popularity of electric vehicles powered by lithium-ion batteries.This occurrence lies approximately 50 km west of Firefinch Ltd.'s high grade Goulamina lithium (spodumene) resource. Since 2017, a dozen lithium exploration permits have been delivered to companies, all located in the mining area of Bougouni about 150 km south of Bamako which is the main area of the lithium deposits that trend east-west. This new occurrence on Djimbala may extend the southern Mali lithium district to the west (see figure). Australia-listed Firefinch Ltd. announced in June 2021 that China's Jiangxi Ganfeng Lithium Co. Ltd, one of the world's biggest lithium producers, will pay US$130 million for 50% interest in Goulamina and take at least half of its first-phase output. Firefinch is quoted that Goulamina was \"one of the world's highest quality lithium assets\". A feasibility study was completed last year stating a 23-year open-pit mine-life producing spodumene concentrate.Figure 1: Lithium Deposits in southern Mali and Location of the Djimbala Lithium OccurrenceTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/3717/99306_7c99092694cbf9cf_001full.jpgUK-based exploration and development company Kodal Minerals is also advancing its Bougoni lithium project in the region. A feasibility study based on three of the total ten identified lithium prospects in the Bougouni project area was completed in January 2020 stating an 8.5-year open-pit mine-life producing spodumene concentrate.The new spodumene pegmatite occurrences which to date are seen over an area of 15 metres by 4 metres, lie on the western edge of the Djimbala permit. A new 22 km2 permit, Kona Sud, has been applied for adjacent to Dj...