REG - Kodal Minerals PLC - Operations Update

Kodal MineralsAnnouncement

Mon 11:30

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RNS Number : 9297F  Kodal Minerals PLC  03 November 2025

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

 

Kodal Minerals plc

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

 

3 November 2025

 

Operations Update

 

Kodal Minerals (AIM: KOD), the West African lithium producer and mineral
exploration and development company, notes the recent press speculation
concerning security developments in and around the capital of Bamako.

 

At present, operations at the Bougouni Lithium Project in Southern Mali
("Bougouni Project" or "Project"), which is located circa 180km from Bamako,
continue to run as usual. We recently successfully commenced trucking of our
spodumene concentrate product to the port of San Pedro in Cote d'Ivoire
carried out by a Malian transportation contractor. So far, just over 10,000t
of spodumene concentrate has been transported to the port ready for shipping
with more trucks arriving daily.

 

In addition, management are currently on site for a scheduled presidential
inauguration of the Bougouni Project.

 

**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

 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/ 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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