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Kodal Minerals PLC - West Africa-focused mineral explorer and developer - Provides an update on project development activities and general progress at its Bougouni Lithium Project in southern Mali. Says Bougouni is on track to commence production in the fourth quarter following the achievement of key milestones in the first quarter. Explains the project is fully financed with all permitting in place, including environmental and social permits. Notes Kodal's community development plan was also recently approved by Mali's Environment Ministry. Says all weather access roads to the Ngoualana open pit and dense media separation processing site are complete. Chief Executive Bernard Aylward says: "The first quarter of 2024 has seen major progress as we push ahead with the development of our flagship Bougouni Lithium Project." Adds: "Significantly, the team has finalised negotiations for the award of a mining contract. The mining contractor will mobilise to site in the coming weeks and will commence with site clearing works in early April along with other key site establishment activities."
Current stock price: 0.46 pence
12-month change: up 25%
By Jeremy Cutler, Alliance News reporter
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