REG - Kodal Minerals PLC - Board Update

Kodal MineralsAnnouncement

29/01/2026 07:00

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RNS Number : 8155Q  Kodal Minerals PLC  29 January 2026

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

 

Kodal Minerals plc

("Kodal Minerals", "Kodal" or the "Company")

 

29 January 2026

 

Board Update

 

Kodal Minerals (AIM: KOD), the West African lithium producer, mineral
exploration and development company, announces that Kodal's Operations
Director, Steven (Steve) Zaninovich, will revert to being a Non-executive
Director of the Company with immediate effect.

 

Mr Zaninovich has been instrumental in steering the Bougouni Lithium Project
("Bougouni" or the "Project") in Southern Mali during development,
construction and ultimately through to production and the export of spodumene
concentrate. Mr Zaninovich will continue to be closely involved with the
Project through his continued role as a director of the operating company,
Kodal Mining UK Limited ("KMUK") (in which Kodal Minerals has a 49% interest).
He will also continue to provide the Company with advice and support as
operations continue to develop and expand.

 

In addition to his role as a non-executive director to Kodal Minerals, the
Company has agreed a consultancy arrangement with Mr Zaninovich under which he
may provide additional consultancy services as requested by the Company in
connection with Bougouni or other projects.

 

Following this change of role, the Board of Directors of Kodal will be
composed of five members: Non-executive Chairman Robert Wooldridge, Chief
Executive Officer Bernard Aylward, and Non-executive Directors Charles
Joseland, Steve Zaninovich and David Teng.

 

**ENDS**

For further information, please visit www.kodalminerals.com
(http://www.kodalminerals.com) or contact the following:

 

 Kodal Minerals plc

 Bernard Aylward, CEO                                                  via Burson Buchanan
 Allenby Capital Limited, AIM Nominated Adviser

 Jeremy Porter/Vivek Bhardwaj                                          Tel: 020 3328 5656
 SP Angel Corporate Finance LLP, Financial Adviser & Joint Broker

 Stuart Gledhill/Adam Cowl                                             Tel: 020 3470 0470
 Canaccord Genuity Limited, Joint Broker

 James Asensio/Charlie Hammond                                         Tel: 020 7523 4680
 Peel Hunt LLP, Joint Broker

 Ross Allister/David McKeown/Georgia Langoulant                        Tel: 0207 418 8900
 Burson Buchanan, Financial PR

 Bobby Morse/Oonagh Reidy/Abigail Gilchrist                            Tel: +44 (0)20 7466 5000

                                                                       kodal@buchanancomms.co.uk

 

About Kodal Minerals

Kodal Minerals plc, the AIM-quoted West African lithium explorer, developer
and producer, is the co-developer of its flagship Bougouni Lithium Project in
Southern Mali alongside joint venture partner Hainan Mining, a subsidiary of
Hong Kong-listed Fosun International.

The Bougouni Lithium Project covers 350km² in the world-class Birimian
terrain of West Africa, located approximately 180km south of Mali's capital
Bamako. The Stage 1 Dense Media Separation ('DMS') processing plant, which
achieved first spodumene concentrate production in February 2025, has a target
output of 125ktpa Li₂O spodumene concentrate. Stage 2 Floatation plant is
expected to commence operations in 2028 with a forecast output of 230ktpa
Li₂O.

Bougouni is operated by Les Mines de Lithium de Bougouni SA ('LMLB'), a
subsidiary of Kodal Mining UK Limited ('KMUK') which owns the project and in
which Kodal has a 49 per cent shareholding. The company also has a number of
highly prospective gold assets in its diverse portfolio located in West
Africa.

For more information on Kodal, please visit kodalminerals.com
(https://kodalminerals.com/)

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