RE: KOD will run soon - suitors will be lining up14 Feb 2022 11:20
Kodal Minerals completed the initial Bougouni Feasibility Study in January 2020 to support the mining licence application, details of which were announced on 27 January 2020. The Project was based on a proposed open pit mining operation with a 2Mtpa processing plant utilising a conventional flotation circuit to maximise spodumene recovery. The Feasibility Study indicated a very robust project with strong fundamentals including:
· Minimum 8.5-year mine life producing on average 220,000 tonnes of 6% spodumene concentrate per annum, at life of mine ("LOM") lithium average metallurgical recovery of 71%;
· Total LOM will produce 1.94Mt of concentrate with LOM revenue exceeding US$1.4bn; and
· Estimated C1 cash costs of US$431 per tonne concentrate (US$466 including royalties and sustaining capital).