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Kodal Minerals provides update on Mali lithium project

Published by , Editorial Assistant
Global Mining Review,


The Board of Kodal Minerals, the mineral exploration and development company, has provided an update on project development activities at its fully funded Bougouni Lithium Project in Southern Mali.

The Project is fully funded through the Hainan funding transaction as previously announced by the Company on 15 November 2023 that completed a US$100 million investment into Kodal Mining UK Limited (KMUK) a company owned 51% by the Hainan group and 49% Kodal that is the developer of the Project.

Highlights:

  • Shipping of the dense media separation (DMS) processing plant and crushing circuit modules is progressing with minor delays for reasons outside KMUK’s control, namely, the diversion of the vessel to Freetown, Sierra Leone to offload other humanitarian cargo deemed urgent by the operator. The vessel has since departed Freetown and is enroute to the scheduled Abidjan port in Cote d’Ivoire.
  • Structural steelwork fabrication was completed in June and is also on the above-mentioned vessel.
  • The second shipment is also currently enroute to Abidjan port, passing Walvis Bay port in Namibia. This shipment contains the remainder of the processing plant equipment, the initial consumables for the DMS plant, spare parts, chemical laboratory and site equipment.
  • The mining contractors consortium comprising Auxin Mining Services Mali SARL and Enterprise Générale Traoré et Fréres SARL (EGTF) is progressing well with mining at the Ngoualana pit.
  • The civil construction contractor, Bambara Resources SARL, together with its key subcontractor, GZB Mali, part of the Gezhouba Group from China, has completed all major footings for the DMS plant in readiness to receive steelwork for erection.
  • Overall, the Project remains on budget and on target for production by the end of 2024.

Bernard Aylward, CEO of Kodal Minerals, remarked: “The construction of the Bougouni Project continues to progress satisfactorily with the targeted first production before the end of 2024 remaining on schedule. The shipment of the DMS plant, key equipment, and plant steelwork has experienced some minor shipping delays which were outside of our control. However, this will not impact our overall production commencement target and work onsite is continuing in preparation of the arrival of the processing plant.”

Read the article online at: https://www.globalminingreview.com/mining/31072024/kodal-minerals-provides-update-on-mali-lithium-project/

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African mining news Lithium mining news