REG - Kodal Minerals PLC - Response to Media Speculation

Kodal MineralsAnnouncement

19/05/2025 07:00

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RNS Number : 1835J  Kodal Minerals PLC  19 May 2025

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

19 May 2025

Kodal Minerals plc

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

 

Response to Media Speculation

 

Kodal Minerals, the mineral exploration and development company, notes the
recent media commentary, which incorrectly speculated the blocking of exports
of spodumene concentrates produced at the Company's flagship Bougouni Lithium
Project in Southern Mali ("Bougouni" or the "Project"). Discussions with the
Government of Mali on finalising the export permit for spodumene concentrate
produced at Bougouni are continuing as planned and it is expected the permit
will be received in the near future. A further announcement will be made once
it is received.

 

The Company has and continues to enjoy a positive relationship with the
Government of Mali, having had a presence in the country for over a decade.
The Government of Mali has been very supportive of the development of Bougouni
and this support continues in the ongoing export permit discussions, and it is
acknowledged that it is in the interests of the parties to commence exports of
spodumene concentrates as soon as possible. In this regard, the Company has
now accumulated over 27,000 tonnes of spodumene concentrate ready for export.

 

Kodal also wishes to confirm that operations continue as normal, with the ramp
up to nameplate production of the processing plant remaining firmly on
track.  Kodal's CEO, Bernard Aylward, is currently in Mali and visiting the
operations to review the progress of the mining, processing and exploration
drilling that is continuing to expand the Project.

 

Further updates from the Company will be provided as the above and other
milestones are achieved.

 

 

**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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