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Kodal Minerals granted two new exploration licences at Bougouni project

The new licences cover lithium mineralisation and exploration prospects and will secure the project area for another seven years

Kodal Minerals PLC - Kodal Minerals granted two new exploration licences at Bougouni project
The new licences will form the basis for Kodal's mining licence application

Kodal Minerals PLC (LON:KOD) has been granted two new exploration licences covering 150 square kilometres of its Bougouni lithium project in Mali.

The AIM-listed explorer said the new licences covered lithium mineralisation and exploration prospects previously included in its former Madina licence area and will secure the project area for another seven years.

READ: Kodal Minerals raises £250,000, plugging funding gap following SVS collapse

The new licences will form the basis for Kodal’s application for a mining licence at the site, with company chief executive Bernard Aylward saying a mining and processing development plan is being finalised.

A mining licence application is to be lodged following approval of the company’s Environmental and Social Impact Assessment (ESIA) by the Malian government, which in a separate announcement it said is currently awaiting final signature from the country’s environment minister.

Kodal added that a bulk sample of lithium ore had cleared Chinese customs and is now being transported to a lithium concentrator plant in the town of Yishui for testing.

Quick facts: Kodal Minerals PLC

Price: 0.0398 GBX

LSE:KOD
Market: LSE
Market Cap: £3.68 m
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Kodal Minerals PLC - Proactive Mining Capital conference

Kodal Minerals PLC (LON:KOD) CEO Bernard Aylward presents to investors the Proactive Mining Capital conference in London. They've recently received its environmental and social impact permit (ESIA) for the development of the Bougouni lithium project in southern Mali.

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