Member Info for Mannhole

The DMS process plant is working on >150,000t of ore mined at Ngoualana grading 1.17% Li2O.

Target production is for 120,000tpa of 5.5% spodumene concentrate

Trucking: 10 trucks carrying 350t per day at a cost of under $100/t.

The final $7.5m payment to the State of Mali has been paid out by KMUK from the $15m loan facility

There are always risks in investment. As an investor you take a dyor position and make that commitment. Kodal has done its due diligence. Good luck to all long term investors.

Very close now and an awesome achievement by team Kodal.

Good news to come BA

Https://www.proactiveinvestors.co.uk/companies/news/1070504/kodal-minerals-financing-supports-key-milestones-in-bougouni-ramp-up-1070504.html

No dilution to shareholders it's all been taken care of. Looking forward to full production and first shipment.

Sign-up to see the most undervalued stocks right now

Sign-up free

Kodal secures $15 million loan for Mali lithium project

Investing.com

Published 04/30/2025, 11:34 AM

Kodal secures $15 million loan for Mali lithium project

Kodal secures $15 million loan for Mali lithium project

KOD

-2.82%

LONDON - Kodal Minerals PLC (AIM:LON:KOD), a mining exploration and development company, has obtained a loan facility of up to $15 million from Hong Kong Xinmao Investment Co., Limited, a subsidiary of Hainan Mining Co., Ltd. The loan is intended to support the company’s Bougouni Lithium Project in Southern Mali.

The initial advance of $7.5 million from the loan facility has already been received by Kodal’s subsidiary, Kodal Mining UK Limited (KMUK), and was used to complete the final payment under a memorandum of understanding with the State of Mali, announced on November 1, 2024. The loan carries a term of 10 months with an interest rate of 15% per annum.

At the Bougouni site, the company is advancing the ramp-up of its dense media separation (DMS) processing plant, which has produced over 20,000 tonnes of spodumene concentrate so far. The team is working on operational adjustments to improve performance and reach the plant’s full capacity. Open-pit mining is progressing ahead of schedule to build stockpiles before the wet season and the plant achieving steady-state production.

Kodal’s CEO Bernard Aylward stated that the loan is a prudent step to ensure the continuity of operations and the commencement of product export. With no other debt and funds on account, the company expects to repay the loan with revenue from the sale of spodumene concentrate, which is anticipated to exceed the loan amount.

The company is also engaged in discussions with the Mali Government to finalize export permitting, which is the last requirement for starting sales of spodumene concentrate. Aylward expressed confidence in reaching the plant’s nameplate capacity in the upcoming quarter and entering steady-state production.

With 20,000 tonnes of spodumene ore stockpiled and KNUK paying the tax due uMoU to the Malian government. This finalises the path to an pff take agreement and export permit. A prudent step to full commercial production and revenue stream. This shows financial confidence in KMUK by JV partner Hainan.

It will happen Kodal is on track

Very happy with progress. I invested because l believed Kodal is a company that has a professional diligence to achieve its goals. After extensive research l still believe that Kodal is a great long term investment in my portfolio. Looking forward to revenue and further exploration of lithium and Gold.

Https://youtu.be/L2RkwdVIX5s?si=LQo2mLgPgfAvvjhl

Take a position on research then stick to it.

Even with the shortly coming export license from our partner the Malian government until the first shipment gets to port and loaded we won't see any first income. Saying that it can't be far away

I think fair value will be seen when Kodal minerals plc gets to income. That is very close.

Https://x.com/Share_Talk/status/1913308770543042704?s=19

Https://www.share-talk.com/junior-mining-stocks-you-cant-ignore-in-2025-amrq-ecr-fcm-fmet-gscu-ggp-kod/

With the licence now officially transferred the next stage is export permit. Great to see mali 🇲🇱 becoming an important lithium spodumene producer.

They must be frightened of posting their negativity on LSE. Probably because they would be banned

Anybody know what all the Buy 1 £0.00 mean?