REG - Kodal Minerals PLC - Completion of Transfer of Project Mining Licence

Kodal MineralsAnnouncement

17/04/2025 10:45

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RNS Number : 4788F  Kodal Minerals PLC  17 April 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

 

17 April 2025

Kodal Minerals plc

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

 

Completion of Transfer of Bougouni Lithium Project Mining Licence

 

Kodal Minerals, the mineral exploration and development company, is pleased to
announce that further to its announcement of 4 April 2025, the Foulaboula
exploitation permit ("Mining Licence") has been approved for transfer from
Future Minerals SARL to the mining company Les Mines de Lithium de Bougouni
("LMLB"), a subsidiary of Kodal Mining UK Limited.  The Mining Licence is the
key permit at the flagship, fully-funded Bougouni Lithium Project in Southern
Mali ("Bougouni" or the "Project").

 

The transfer is effective immediately and it confirms that the licence remains
in good standing. Discussions are continuing to finalise the necessary
permitting for the export of the spodumene concentrate produced at the Project
and the Company expects to begin export in the next quarter.

 

The Company confirms that all compliance issues for the inclusion of the
Government of Mali as a shareholder in the mining company LMLB have been
finalised and approved prior to the transfer being authorised.

 

 

**ENDS**

 

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

 John Mackay/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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