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First Lithium Limited (ASX:FL1)

ALERT: Price-sensitive ASX Announcement for FL1
Current share price for FL1 : $0.140 0.075 (115.38%)+
Announcement
Release
28 Apr 2025 9:30AM
Price at Release
$0.065
Full Release
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Summary
First Lithium Limited (FL1) has released its Quarterly Activities Report and Appendix 5B for the quarter ending 31 December 2023. During this period, the company achieved significant exploration milestones, including the commencement of a maiden drilling program at the Blakala Lithium Project in Mali, which has yielded encouraging initial results with visual spodumene identified in several drill holes. The company also advanced project access, community engagement, and regulatory approvals while expanding its technical team. Exploration work across other Malian lithium assets, such as Gouna and Lontola, has also progressed. Financially, the company remains well-funded to continue its exploration and development activities. The report provides an overview of operational highlights, exploration progress, corporate activities, and detailed financial statements.
Key Points
  • Maiden drilling program commenced at Blakala Lithium Project in Mali with encouraging initial results.
  • Visual spodumene identified in multiple drill holes at Blakala.
  • Advancement of project access, community engagement, and regulatory permits.
  • Expansion of the technical and operational team in Mali.
  • Exploration activities advanced on additional lithium assets including Gouna and Lontola.
  • Strong financial position maintained with sufficient funds for ongoing exploration.
  • Quarterly cash flow details and Appendix 5B submitted as part of compliance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.