It is now over a year since LLL was suspended from trading on the ASX following news of dispute between the company and the Mali Government. Shareholder have approved the sale by Leo Lithium of its remaining shareholding in Mali Lithium B.V. (MLBV) to Ganfeng for US$342.7 million. A significant portion of the proceeds from the MLBV Sale will be returned to shareholders, with proposed distributions in January 2025 and July 2025. All Leo Lithium personnel have now departed Mali, with ongoing support being provided to Ganfeng from Perth. Following review of our research coverage portfolio, we have decided to cease coverage of Leo Lithium following release of this note.
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