Kodal Minerals PLC (AIM:KOD) CEO Bernard Aylward talked with Proactive's Stephen Gunnion about the company’s successful first shipment of lithium concentrate from its Bougouni Project in Mali, marking a significant milestone for the company.
Aylward confirmed that the shipment was completed faster than expected, noting the efficient transport and port-loading process. “The transport to the port actually was very fast as well. And we were very pleased that there were no hiccups here,” he said, highlighting the reliability of West Africa’s trucking network.
He explained that the $24 million from this initial shipment significantly strengthens Kodal’s near-term cash position. The funds will support the ramp-up of stage two at Bougouni, continued drilling, and repayment of shareholder loans. The company is also focused on ensuring the Dense Media Separation (DMS) plant operates at optimal levels.
With lithium prices improving, Aylward acknowledged the financial upside: “The better the price, the better it is for us and our shareholders and our joint venture.” He also emphasised the broader community impact, saying, “It’s actually affecting the community. It’s the positive effect on the people around us and Mali.”
Looking ahead, Kodal plans to provide an update on mine site activities and expects to reach nameplate production levels following recent engineering enhancements and de-bottlenecking at the plant.
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