Leo Lithium announced its quarterly results

Leo Lithium Ltd (ASX: LLL) announced its March 2023 quarter report:

• The Goulamina Project's first concrete pour was accomplished, key crushing, milling, and separating equipment were completed, and construction activities began ramping up on schedule. By the end of the quarter, engineering and drafting were about 70% finished.
• At the end of March, the company had cash on hand worth AU$71.2 million, while the Goulamina JV had cash worth US$92.7 million.

Outlook

• A mineral resource update is anticipated in 2Q 2023 as drilling at NE Domain yields promising findings.
• The first spodumene concentrate product is still on pace for Q2 2024, and early income from targeted DSO export is on track for 2H 2023.

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