Australia's Leo Lithium slumps on suspension of direct shipping ore operations in Mali

Leo Lithium

04/09/2023 02:10

** Shares of Leo Lithium Ltd  LLL.AX  fall as much as 48.3%
to A$0.590, posting their biggest ever intraday pct drop  
    ** Lithium miner receives correspondence from the Malian
Ministry of Mines to suspend Goulamina Lithium Project direct
shipping ore (DSO) operations 
    ** Co withdraws its prior guidance on 2023 and 2024 DSO
production and sales
    ** Says suspension of DSO does not delay any aspect of the
spodumene project 
    ** Co's shares hit lowest level since May 9
    ** Shares up 135.1% YTD, as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))