REG - Kodal Minerals PLC - Export of Bougouni Spodumene Concentrate Update

Kodal MineralsAnnouncement

Mon 08:30

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RNS Number : 0126E  Kodal Minerals PLC  20 October 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

 

Kodal Minerals plc

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

20 October 2025

 

First Truckloads of Spodumene Concentrate depart Bougouni Lithium Project

 

Kodal Minerals (AIM: KOD), the West African lithium producer and mineral
exploration and development company, is pleased to announce that the first
truckloads of lithium spodumene concentrate have left the Bougouni Lithium
Project in southern Mali ("Bougouni Project" or "Project") and are completing
final customs formalities before transporting to the Cote d'Ivoire port of San
Pedro.

 

The Bougouni operation team's focus is to transport Kodal's 30,000 tonnes of
spodumene concentrate from the Project's stockpile to port for the first
export to Hainan.  The transport process is expected to take between 4 and 6
weeks and the team will continue transporting the full current 45,000 tonne
stockpile to ensure that a stockpile of material is available at the San Pedro
port for further product shipping thereafter.

 

Bernard Aylward, CEO of Kodal Minerals, remarked: "This is a major milestone
for the Bougouni project with the first truckloads of spodumene concentrate
departing site for export from the San Pedro port.  Following the successful
construction of the Dense Media Separation plant ("DMS")  and processing of
ore from the Ngoualana open pit, we are now in a position to consistently
manage the exporting of Bougouni's spodumene concentrate."

 

"The first shipment of spodumene concentrate is planned to be 30,000 tonnes,
with first revenue expected upon completion of loading of the vessel in the
San Pedro port as agreed in the Off-Take agreement.  Further updates on the
Bougouni operation and export will be provided as developments continue."

 

**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, 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

 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'), 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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