Kodal Minerals PLC (LON:KOD) has moved a step closer to being granted a mining licence for its flagship Bougouni lithium project in southern Mali.
Kodal received formal correspondence from the Direction Nationale de la Geologie et des Mines (DNGM) accepting a feasibility study and requesting an application fee for the delivery of the mining licence.
Kodal said it will pay the £135,000 application fee promptly to continue to advance the application process and maintain communication with the DNGM to monitor progress.
"Our mining licence application is progressing through the final regulatory stages and the receipt of this letter confirming the feasibility study for the development of the Bougouni lithium project and the request to pay the mining licence application fee is a very positive development and brings us significantly closer to a fully permitted project," said Kodal chief executive Bernard Aylward.