Subiaco-based lithium explorer Birimian has terminated a $107.5 million cash offer for its Bougouni project in Mali after the Chinese bidder failed to make a deposit in time. Birimian told the market this morning that the offer, which was received from Chinese chemical company Shandong Mingrui Group earlier this month, was subject to a number of conditions including the provision of a $10.7 million deposit due last Friday. That deadline was not met, and Birimian subsequently ended the deal.
