InvestSMART

First Lithium Limited (ASX:FL1)

ALERT: Price-sensitive ASX Announcement for FL1
Current share price for FL1 : $0.140 0.035 (33.33%)+
Announcement
Release
29 Jul 2025 9:35AM
Price at Release
$0.105
Full Release
download
Summary
First Lithium Limited (FL1) released its Quarterly Activities Report and Appendix 5B for the period ending 31 March 2024. During the quarter, significant progress was made on the Blakala Lithium Project in Mali, including advancements in resource estimation, metallurgical test work, and the planning of exploration activities. The company completed important drilling campaigns, advanced resource estimation work, and initiated environmental and social baseline studies. Metallurgical test work confirmed favourable characteristics for the Blakala resource. Corporate activities included the appointment of a new Chief Executive Officer and the successful closing of a $7.7 million equity placement to fund ongoing exploration and development. Cashflow details, including exploration expenditure and corporate administration costs, were also provided in the Appendix 5B.
Key Points
  • Significant progress made at the Blakala Lithium Project in Mali, including drilling, resource estimation, and metallurgical test work.
  • Favourable metallurgical characteristics confirmed for the Blakala resource.
  • Environmental and social baseline studies for the Blakala Project commenced.
  • Successful appointment of a new Chief Executive Officer.
  • Completion of a $7.7 million equity placement to support ongoing exploration and development.
  • Exploration and evaluation expenditure reported in the quarter.
  • Appendix 5B details cashflows including exploration, development, and administrative expenses.
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.