Kodal Minerals PLC CEO Bernard Aylward talked with Proactive's Stephen Gunnion about the company’s annual results and key milestones achieved at the Bougouni Lithium Project in Mali.
Aylward described the past year as “a really amazing year for us,” highlighting the transition from explorer to producer as Kodal commenced spodumene concentrate production. He explained that funding support from Hainan Mining enabled the construction of the mine and processing plant, with operations now underway.
The company also finalised a memorandum of understanding with the Malian government, settling the transfer of the mining licence and confirming shareholding in the operation. Importantly, Kodal has secured a full offtake agreement with Hainan Mining, covering 100% of production at market rates. Aylward said this agreement comes at a time of “solid momentum of the lithium price,” with around 45,000 tonnes of concentrate ready for export.
He added that Kodal has completed all requirements for an export licence and expects approval soon, enabling the first shipments. On exploration, Aylward pointed to encouraging results at the Boumou prospect, which, together with Sogola-Baoulé, could support a stage two expansion. Looking ahead, the company is targeting steady-state production of 10,000 tonnes per month while working to position itself in the lowest quartile of production costs.
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