07:03 Wed 29 Jan 2020
Kodal Minerals PLC - MOU signed with Mali Lithium Limited
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR")
MOU signed with Mali Lithium Limited to explore synergies for the development of the
The two companies recognise the potential to improve the development of each project through the sharing of certain infrastructure and operational support and under the MoU, will review the following key areas for cooperation:
· pre-development, sharing facilities in the closest town of Bouguoni, where both companies currently have separate facilities to support exploration and fieldwork;
· establishment of common workshop, servicing, storage and catering facilities;
· establishment of common supply chains for spares, reagents, fuel and other consumables;
· joint strategy for transport and shipping; and
· joint approach to community development.
In addition to exploring operating synergies, the companies intend to negotiate an access agreement for the N'Kemene Ouest and Mafele Ouest concessions ("
"The two companies are operating in the same region of
**ENDS**
For further information, please visit www.kodalminerals.com or contact the following:
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Tel: +61 418 943 345
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Tel: 020 3328 5656 |
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Tel: 020 3470 0470 |
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Tel: 020 7236 1177 |
About
Prospect |
Indicated |
Inferred |
Total |
||||||
Tonnes (Mt) |
Li2O% Grade |
Contained Li2O (kt) |
Tonnes (Mt) |
Li2O% Grade |
Contained Li2O (kt) |
Tonnes (Mt) |
Li2O% Grade |
Contained Li2O (kt) |
|
Sogola_Baoule |
8.4 |
1.09 |
91.9 |
3.8 |
1.13 |
42.8 |
12.2 |
1.10 |
134.8 |
Ngoualana |
3.1 |
1.25 |
39.2 |
2.0 |
1.12 |
22.1 |
5.1 |
1.20 |
61.3 |
Boumou |
|
|
|
4.0 |
1.02 |
40.4 |
4.0 |
1.02 |
40.4 |
TOTAL |
11.6 |
1.13 |
131.2 |
9.7 |
1.08 |
105.3 |
21.3 |
1.11 |
236.5 |
Notes: Mineral resources are reported using a 0.5%Li2O cut-off. Figures may not sum due to rounding. The contained metal is determined by the estimated tonnage and grade.
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