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Kodal Minerals PLC

Kodal Minerals bounces as it lodges environmental impact assessment for Bougouni project

Bernard Aylward, chief executive of the mineral explorer, said the submission was a “significant milestone” and the “first critical step” in obtaining a mining licence

Kodal Minerals PLC - Kodal Minerals bounces as it lodges environmental impact assessment for Bougouni project

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.

Quick facts: Kodal Minerals PLC

Price: £0.00

Market: LSE
Market Cap: £4.95 m
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Full interview: Kodal Minerals CEO updates on Bougouni engineering studies...

Kodal Minerals PLC (LON:KOD) CEO Bernard Aylward tells Proactive London an environmental and social impact assessment (ESIA) for the Bougouni lithium project in southern Mali is progressing as planned. Meanwhile a bulk sample of lithium containing material is currently being shipped to China...

1 hour, 35 minutes ago

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