It is a case of déjà vu for Leo Lithium Ltd (ASX: LLL) shares on Friday.
That's because the lithium developer's shares have been slammed into yet another trading halt.
As a reminder, Leo Lithium only emerged from its last halt on 4 September after being frozen from trade since 18 July.
Why are Leo Lithium shares in another trading halt?
Unfortunately, it appears that Leo Lithium is continuing to have issues with the Malian Government.
Today's trading halt has been requested for the following reason:
The Company seeks the trading halt pending an announcement in relation to correspondence from the government of Mali.
The halt has been requested until the earlier of the release of the announcement or the commencement of trade on Tuesday 19 September. Though, as we saw many times in the last couple of months, the company can extend its halts. As a result, don't be surprised if Leo Lithium shares are not trading again on Tuesday.
What's happening?
It's unclear what the latest halt relates to exactly. But we have a few things to go on thanks to recent announcements. Earlier this month, it said:
The Company received correspondence from the Malian Ministry of Mines on 17 July 2023, covering a number of topics including direct shipping ore (DSO), status of the Government free carry stake and overall status of progress at the Goulamina Lithium Project (Goulamina or the Project). The Government has formed a commission to examine these items as well as issues surrounding the Morila Gold Mine in Mali (Commission), which is the subject of announcements by Firefinch Limited (Firefinch).
Stay tuned for more next week.
