QUARTERLY ACTIVITIES REPORT

For period ending 31 March 2019

Highlights ABOUT BIRIMIAN

Birimian Limited (ASX:BGS) is Goulamina Lithium Project developing the world class Goulamina Lithium Project in , West Africa. The • Environmental and Social Impact Assessment (ESIA) company released the results of its Pre- Permit received Feasibility Study (PFS) on the project to the ASX on 4 July 2018. • Appointment of key executive staff to bolster the Company’s in house expertise In March 2019 the company received • Exploitation Permit application submitted its’ Environmental Permit approval, and in April submitted its Exploitation Permit • Ongoing discussions with new potential partners regarding Application to the Malian Government. investment and offtake

The Goulamina deposit is one of the Corporate largest Spodumene deposits in Africa and presents a huge opportunity to • Mr Chris Evans appointed Managing Director establish a new major source of Lithium • Mr Alistair Cowden appointed Non Executive Chairman and exploit the ever increasing demand created by the production of Electric • Appointment of Mr Seydou Semega as Malian Country Vehicles Manager

• Appointment of Mr Eric Hughes as CFO/CoSec Key metrics as at 31/03/2019: Shares on issue: 264,510,116 • Proposed Company name change to Mali Lithium Limited, Share options on issue: 9,500,000 subject to shareholder approval Cash: A$4.13M Share price: 16.5 cents • Annual General Meeting to be held on 27 May 2019 Market capitalisation: A$43.6M Dankassa and Massigui Projects Birimian Limited ACN: 113 931 105 • Royalty payments received from Morila totalling A$990,081 Unit 18, Spectrum Building for December quarter production from N’tiola 100 – 104 Railway Road Subiaco WA 6008

T: +61 8 6149 6100 E: [email protected] W: www.birimian.com

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1 GOULAMINA PROJECT UPDATE

The Goulamina Lithium Project (Goulamina or the Project) remained the principal operational focus of the Company during the March 2019 quarter (the Quarter).

Three areas have been targeted for completion by the third quarter of 2019 to form the basis of Project design:

1. Mineral Resources and Ore Reserves - The main focus will be to improve resource categorisation allowing increases to Ore Reserves and to improve confidence levels in the Mineral Resources and Ore Reserves.

2. Metallurgical recovery and concentrate quality - The focus will be on improving Li2O recovery above the 70% achieved in the PFS. Spodumene concentrate quality will also be targeted. The Project team will apply lessons learnt on the design and construction of recent Lithium processing plants. (Note: The Company confirms that all the material assumptions underpinning the Production Target and the forecast financial information derived from the Production Target in the original PFS announcement continue to apply and have not materially changed.)

3. Water and Road Infrastructure Optimisation - Adequate quality and volume of water are key to the Project and further studies will be initiated to improve confidence in the water resources available. In addition, with the transport of Spodumene concentrate to port accounting for almost one third of operating costs, any optimisation in this area will yield significant benefits to the project economics.

2 HEALTH, SAFETY AND ENVIRONMENT

2.1 Workplace Safety

Birimian recorded no Lost Time Injury (LTI) incidents at the Company’s operations during the first Quarter of the year. A total of 15,909 hours was worked by Birimian staff and contractors in Mali during the Quarter. Total hours for the last 12 months were 59,174 with the following key reporting rates: The higher than expected TRIFR rate is due to a hand burn received by the exploration camp cook in August 2018 that required medical treatment.

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3 LITHIUM – GOULAMINA PROJECT

3.1 Definitive Feasibility Study