REG - Kodal Minerals PLC - Gold Exploration - Nielle Licence Expiration

Kodal MineralsAnnouncement

01/05/2026 07:01

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RNS Number : 7715C  Kodal Minerals PLC  01 May 2026

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

 

1 May 2026

Kodal Minerals plc

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

 

Gold Exploration - Nielle Licence Expiration

 

Kodal Minerals (AIM: KOD), the West African lithium producer, mineral
exploration and development company, announces that the Company's licence in
connection with the Nielle gold concession located in the Tongon-Banfora
greenstone belt in Côte d'Ivoire (the "Nielle Licence") has expired.
Consequently, the Company no longer holds any continuing interest in that
licence area.

 

The Nielle Licence was initially granted for a three-year period in 2014 and
had been the subject of two renewals, each for three-year terms in accordance
with the local mining code. In 2023 the Company was granted a further two-year
exceptional renewal.  The Company did request a further exceptional renewal
of the Nielle Licence, however, this was not accepted.

 

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

 

 Kodal Minerals plc                                                    via Burson Buchanan

 Bernard Aylward, CEO

 Allenby Capital Limited, AIM Nominated Adviser                        Tel: 020 3328 5656

 Jeremy Porter/Vivek Bhardwaj

 SP Angel Corporate Finance LLP, Financial Adviser & Joint Broker      Tel: 020 3470 0470

 Stuart Gledhill/Adam Cowl

 Canaccord Genuity Limited, Joint Broker                               Tel: 020 7523 4680

 James Asensio/Charlie Hammond

 Peel Hunt LLP, Joint Broker                                           Tel: 0207 418 8900

 Ross Allister/David McKeown/Georgia Langoulant

 Burson Buchanan, Financial PR                                         Tel: +44 (0)20 7466 5000

 Bobby Morse/ Abigail Gilchrist                                        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 its partner Hainan Mining Co. Ltd, 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 achieved first spodumene concentrate production in February
2025 and made its first shipment of concentrate in December 2025. A Stage 2
Flotation plant is planned in future years to process the finer-grained
resources within the Bougouni deposit.

 

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 early-stage 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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