Response to Media Speculation

Kodal Minerals

19/05/2025 07:00

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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