RE: Well done1 Dec 2025 07:16
Bernard Aylward, CEO of Kodal Minerals, remarked:
"The completion of the loading and the departure of our first shipment of lithium spodumene concentrate to our joint development and offtake partner, Hainan, is a major milestone for our team and will result in the receipt of the first revenues from the Project.
"Additionally, the significant improvement in the lithium pricing environment in recent weeks will be reflected in the sale price for our spodumene concentrate as per the terms of the Offtake Agreement. The final sale price for the lithium spodumene product will be adjusted to account for the actual grade and quality of product delivered and deducting the cost of sea freight, the Company expects the price to exceed US$930 per dry metric tonne ("DMT") of spodumene concentrate.