REG - Kodal Minerals PLC - Bougouni Lithium Project receives Export Permit

Kodal MineralsAnnouncement

04/09/2025 08:15

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RNS Number : 0163Y  Kodal Minerals PLC  04 September 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR")

 

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

4 September 2025

Kodal Minerals plc

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

Bougouni Lithium Project receives Export Permit

 

Kodal Minerals, the mineral exploration and development company, is pleased to
announce that the export permit for the spodumene concentrate produced at the
Bougouni Lithium Project ("Bougouni" or the "Project") in Southern Mali has
been received. The Project is operated by the local Mali registered mining
company, Les Mines de Lithium de Bougouni SA ("LMLB") (a subsidiary of Kodal
Mining UK Limited ("KMUK"), in which Kodal has a 49 per cent. shareholding).

 

The letter was authorised by the Ministry of Mines and signed by the Minister
of Mines, Professor Amadou Keita.  The export permit is approved for an
initial 125,000 tonnes of spodumene concentrate subject to the continuation of
final administrative steps for the export process.

 

The letter specifies:

 

·   Confirmation of the pricing mechanism based on the Shanghai Metal
Market (SMM) reference price for spodumene, without prejudice to the
administration's right to verify and correct prices.

·   Granting of the transportation contract directly to Malian transport
companies in accordance with the provisions of Law No. 2023-04 l of August 29,
2023, related to local content in the mining sector.

·    Payment of taxes, duties, and levies stipulated by the applicable
regulations.

The Company can confirm that the Off-Take Agreement finalised for the Project
utilises the SMM as the reference for pricing.  In addition the Project has
signed a transport contract with a leading Malian transport company for the
export of material from site to the port location in Côte d'Ivoire.

 

All taxes, duties and levies will be paid when due.

 

Bernard Aylward, CEO of Kodal Minerals, remarked:

"The granting of the export license is a critical step for the development of
the Bougouni project as well as Mali's burgeoning spodumene industry.  The
permit further underpins the continued support of the Mali Ministry of Mines
and the Government and their interest in the further development and expansion
of Bougouni."

 

"Final administrative processes will be completed imminently and the
mobilisation of the trucking fleet to site will commence as soon as possible."

 

For further information, please visit www.kodalminerals.com or contact the
following:

 

 Kodal Minerals plc

 Bernard Aylward, CEO                                                  Tel: +61 418 943 345

 Allenby Capital Limited, 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: 0207 523 4680

 Burson Buchanan, Financial PR

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

                                                                       kodal@buchanancomms.co.uk

 

 

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