First Lithium Ltd Quarterly Activities Report
Key points
- License renewals pending
- Maiden Mineral Resource Estimate pending
- Loan notes conversion
- Cash balance of $0.36m as of June 2026
- Placement of up to $1.2m under mandate
Full summary
First Lithium Ltd provided an update on its June 2026 quarter activities, highlighting progress in Mali. The company is awaiting the renewal of its Gouna and Faraba licenses, with the government confirming receipt of the renewal applications. The Maiden Mineral Resource Estimate is expected to be completed in the September 2026 quarter. Additionally, the company has secured a loan of up to $1.2m, with repayment terms linked to the company's reinstatement to trading on the ASX. First Lithium had a cash balance of $0.36m as of June 30, 2026, with exploration and evaluation expenditure totaling $265k year-to-date.
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