Kodal Minerals PLC (LON:KOD) shares bounced on Friday as it lodged an environmental and social impact assessment (ESIA) for its Bougouni Lithium project in Mali.
Bernard Aylward, chief executive of the AIM-listed mineral explorer, said the submission was a “significant milestone” for Kodal and was the “first critical step” in obtaining a mining licence.
READ: Kodal Minerals says simple processing method can work at Bougouni
Looking ahead, Kodal said it expected to provide an update on its engineer and processing study next week which would also include an update on the expected shipping of bulk sample material, which is currently awaiting the arrival of a ship to transport it.
In mid-afternoon trading, the shares were up 13.9% at 0.07p.