Leo Lithium and Firefinch’s A$738 Million Demerger

Gilbert + Tobin advised Firefinch Limited and Leo Lithium Limited on the $738 million demerger of Leo Lithium from Firefinch.

The transaction involved the demerger of Firefinch’s interest in the Goulamina Lithium Project in Mali, being one of the largest undeveloped high-quality spodumene deposits globally. 

Under the demerger, Firefinch distributed 80% of its interest in the project to existing Firefinch shareholders, with Firefinch retaining 20%. 

Leo Lithium holds an interest in the Goulamina Lithium Project via its 50:50 joint venture with leading lithium chemicals producer, Ganfeng.

Leo Lithium Limited was established in 2021 as a spin out of Firefinch’s Goulamina Lithium Project. 

Firefinch Limited (ASX: FFX) is Mali focussed gold miner rapidly increasing gold production at the Morila Gold Mine, one of Africa’s great gold mines. 

The G+T team was led by Corporate Advisory Special Counsel Matthew Watkins (Picture) and Corporate Advisory Partner Justin Mannolini. The team was also supported by Corporate Advisory lawyers Maree Casey and Shay Kiriakidis.


Involved fees earner: Maree Casey – Gilbert + Tobin; Shay Kiriakidis – Gilbert + Tobin; Justin Mannolini – Gilbert + Tobin; Matthew Watkins – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: Firefinch Ltd; Leo Lithium;

Sonia Carcano

Author: Sonia Carcano