Kodal provides Bougouni Lithium project update

Highlights:

• The company is progressing with plant engineering and environmental studies required for the DMS plant option.
• The company is finalising engineering and environmental work to support formal approval for the DMS option from the Mali Government, for which application is currently expected to be submitted in early 2023.
• Activities and status of work is: 
  • DMS plant concept designs - complete.
  • Tailings storage layout and concept design - complete.
  • Environmental studies required for the change notification – progressing.
• Exploration Manager appointed to lead all exploration and pre-development activities from site, with a focus on expanding DMS ore sources within the existing mining licence permit area. Canaccord appointed as joint broker.

Bernard Aylward, CEO of Kodal Minerals, remarked:

“Our engineering team has made great progress with the various design concepts and environmental updates required to finalise the requirements to commence the fast-track DMS development. We anticipate that the formalised change notification will be issued to the Malian authorities in early 2023.

“The recent decision by the Mali Ministry of Mines to suspend the issuance of new mining permits does not impact the company’s development progress. Engineering activities have therefore continued to progress in parallel with the company’s ongoing negotiations with potential financing partners.

“To support the company’s fast track development timeline, Kodal has re-appointed experienced exploration manager, George Michaelides. George was responsible for the company’s initial exploration and drilling programmes at Bougouni, from which our 21.3 million t resource was defined. George will be tasked with expanding our resource base with the objective of extending the life of mine.

“We are also pleased to announce the appointment of Canaccord as the company’s joint broker, enhancing our corporate coverage in partnership with our long-term broker SP Angel. We look forward to the contribution Canaccord can make as we progress with our financing solution for the development of the Bougouni lithium mine.”

Read the article online at: https://www.globalminingreview.com/mining/27122022/kodal-provides-bougouni-lithium-project-update/