Reply from Kodal19 May 2026 11:28
Thank you for your enquiry.
As per the RNS announcement released on the London Stock Exchange on 1st May 2026 (click here to read the full announcement), Kodal Minerals’ licence in connection with the Nielle gold concession has now expired, and as a result, the Company no longer holds any continuing interest in that licence area. The Nielle Licence was initially granted for a three-year period in 2014 and had been the subject of two renewals, each for three-year terms in accordance with the local mining code. In 2023 the Company was granted a further two-year exceptional renewal. A further exceptional renewal was requested, however this was not accepted.
Castle Minerals Ltd has separately announced an agreement to acquire, in staged milestones, up to 90% of the new licence application lodged by Côte d’Ivoire registered company Golden Arrow SARL (click here to read the full announcement). The agreement between Castle and Golden Arrow followed an open and competitive tendering process