Kodal Minerals PLC (LON:KOD)

Bougouni Lithium Project

The Bougouni Project consists of two concessions, the Kolassokoro and Madina concessions, which cover a contiguous area of 500km2. The project area is located approximately 180km south of Bamako, the capital of Mali, with excellent access to the project via sealed road from Bamako. Kodal has recently entered into Option to Purchase and Access agreements that grant Kodal exclusive rights to explore and develop any identified mineralisation within the project area.

Overview & Highlights

Since acquiring the Bougouni Project in late-2016, the Company has implemented an accelerated exploration and development programme aimed at advancing the project into production in as short timeframe as practicable.

The Company is supported by their strategic investor and off-take partner, Suay Chin International Pte Ltd (‘Suay Chin’), a Singapore registered trading company with extensive connections within the Chinese lithium market.

Mali, Africa.

ROBERT IAN WOOLDRIDGE | NON-EXECUTIVE CHAIRMAN

Robert is currently a partner at SP Angel Corporate Finance LLP. After graduating with a degree in Natural Sciences from Cambridge University, he spent eight years at PricewaterhouseCoopers International Limited, qualifying as a chartered accountant in 1989. He left in 1994 to join the international equity capital markets division of HSBC Investment Bank where he spent a further eight years and was responsible for completing a number of landmark equity transactions across Europe, India and the Middle East & Africa. In 2003 he joined an investment banking boutique, to head up its corporate finance and securities operation and was then one of the founding partners of SP Angel in 2006. SP Angel is an independent corporate finance and broking operation which focuses on advising small and mid-cap companies in the mining, oil and gas, property and technology sectors.

BERNARD MICHAEL AYLWARD | CHIEF EXECUTIVE OFFICER

Bernard is a geologist with over 20 years’ experience as a manager and exploration geologist in the mining and exploration industry in a variety of commodities. Bernard’s experience includes serving as the Managing Director of Taruga Gold Limited from its initial listing on the ASX, Chief Operating Officer of International Goldfields Ltd, General Manager of Azumah Resources Ltd (Ghana), and Exploration Manager for Croesus Mining NL. Bernard has been involved in the discoveries and management of the Bepkong, Julie, Collette and Kunche deposits in Ghana, as well as the Deep South gold deposit, Gladstone North deposit, St Patrick’s, Norseman Reef, and the Safari Bore gold deposit in Western Australia. Bernard has experience operating in Europe (Greece Sappes deposit), Siberia, South America and extensive experience throughout West Africa.

LUKE ROBERT BRYAN | TECHNICAL DIRECTOR

Luke is a mining engineer with over 20 years of international experience. Most recently he was chief executive officer of North River Resources plc, an AIM quoted mineral exploration company and prior to that he worked as an independent consultant. Luke has worked in Africa, Australia, the Former Soviet Union and Europe. He holds degrees in Mining Engineering and Economics from Auckland University. Luke is based in London and is a Fellow of the Geological Society.

QINGTAO ZENG | NON-EXECUTIVE DIRECTOR

Qingtao completed a PhD in geology at the University of Western Australia in 2013. He has been engaged as a consulting geologist, principally working with CSA Global based in Perth, Australia, and has a range of geological and commercial specialities. Since 2015, Qingtao has been extensively involved in the lithium exploration and development sector and through his strong network of contacts throughout China has helped clients complete a range of contracts relating to the supply or purchase of lithium in the form of concentrate or direct shipping ores.

The Company’s issued share capital consists of 7,678,328,977 ordinary shares of 0.03125 pence each. No ordinary shares are held in treasury.

The holdings of the directors of Kodal and other significant shareholders (being those interested in 3% or more of the issued share capital) of which the Company has been notified are as follows:

* Held by Novoco Mine Engineering Limited, a company wholly owned by Mr Bryan

As far as the Company is aware, the percentage of the Company’s issued share capital not in public hands (as defined by the AIM Rules for Companies) is approximately 31.89%.

There are no restrictions on the transfer of the Company’s ordinary shares.

This information was last updated on 02 July 2018.

REGISTERED OFFICE

KODAL MINERALS PLC

35 - 39 Maddox Street
London
W1S 2PP
T: +44 (0) 20 3463 2260

PR & IR ADVISER

ST BRIDES PARTNERS

3 St Michael’s Alley
London
EC3V 9DS
T: +44 (0) 20 7236 1177

FINANCIAL ADVISER AND BROKER

SP ANGEL CORPORATE FINANCE LLP
Prince Frederick House
35-39 Maddox Street
London
W1S 2PP

NOMINATED ADVISER

ALLENBY CAPITAL LIMITED
5 St Helen’s Place
London
EC3A 6AB

AUDITORS

RSM UK AUDIT LLP
25 Farringdon Street
London
EC4A 4AB

REGISTRARS

SHARE REGISTRARS LIMITED
Suite E, First Floor
9 Lion and Lamb Yard
Farnham
Surrey
GU9 7LL

FINANCIAL PR & IR

ST BRIDES PARTNERS
3 St Michael's Alley
London
EC3V 9DS

LAWYER

FIELDFISHER LLP
Riverbank House 2 Swan Lane
London EC4R 3TT