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Kodal makes strong progress towards securing a mining licence for Bougouni

The demand for lithium is expected to be strong in coming years, driven by the electric vehicle industry

Senior-level representatives from Kodal Minerals PLC (LON:KOD) have attended a committee meeting in Bamako, Mali, at the Direction Nationale de la Geologie et des Mines, convened to review the feasibility study and proposed mining development for the company’s Bougouni lithium project. 

Kodal has now received confirmation that the feasibility study and mining development plan have been ratified and approved by the DNGM committee, subject to some minor corrections which will bring the mining licence application in line with the new Mali Mining Code of 2019.

The company then expects to receive a formal notification from the DNGM requesting payment of the Mining Licence fee prior to the formal production of the "Exploitation Decree" or mining licence, for approval by the Prime Minister.  

"We are very pleased with this development in our Mining Licence application, which again confirms the high standard and full range of our completed feasibility study and mining plan at Bougouni,” said Bernard Aylward, chief executive of Kodal Minerals.

“We continue to work closely with the DNGM and Mali Government representatives to finalise the grant of the mining licence as soon as possible.  This will be a major milestone for Kodal and one which will significantly de-risk our project as it will then be fully permitted to commence site development works.”

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