From the current Swiss Resource Capital Newsletter:
"
Birimian Limited We were able to meet the management and confronted it with the recently bounced acquisition deal. They made clear, that the Chinese bid was real, but had to be cancelled due to Chinese money transfer restrictions. However, we think, that this may have been not the last offer from interested parties.
At least for the fact, that Birimian recently announced additional high grade drill results from its Goulamina lithium deposit.
The most important results were as follows:
- 38m @ 1.81 % Li2O from 116m
- 31m @ 1.82 % Li2O from 156m
- 19m @ 1.76 % Li2O from 163m
- 14m @ 1.81%Li2O from 127m
- 33m @ 1.99% Li2O from 174m
- 30m @ 1.56 % Li2O from 125m
The Company expects to be able to provide an interim resource update before the end of March. It is expected this update will broadly capture resource extensions from West Zone and the new discovery at Sangar Zone. Given the relatively steady progress with drilling and the extended time required for assay to be returned, a further update to the resource model is now anticipated by the start of May. This estimate is expected to include all results from infill drilling to support significant resource category upgrades and facilitate ongoing Pre-Feasibility Studies."
Source: https://www.resource-capital.ch/en/infothek/newsletter-archiv.html