RE: Hainan china5 Apr 2023 06:58
Some great questions / answers by some of the 50 plus institutions. I picked a couple out….
Q: Except for the Bougouni lithium mine, what are the future exploration plans of the other three gold mines?
Answer: In addition to the Bougouni lithium mine project, KOD has 100% interest in the exploration rights of three gold mines, Fatou, Nangalasso and Slam in Mali. million ounces of gold. At the same time, KOD also has three gold prospecting rights in Dabakala, Korhogo and Nielle in Côte d'Ivoire. KOD is still focusing on the development of the Bougouni lithium mine at present, but has also reserved a budget for some other exploration and development.
Question: What about the original offtake agreement of the Bougouni Lithium Mine?
Answer: According to the situation learned from the company's due diligence, Suay Chin, the previous shareholder of KOD, enjoys the priority of 80% offtake of the lithium mine in the first three years after it is put into production. After the completion of the project delivery, the company will work with KOD to actively promote the project development in accordance with the shareholder agreement. As shareholders of KOD, everyone hopes that the construction and development of the Bougoun lithium mine can be effectively promoted and put into production as soon as possible. The overall interests of all parties are consistent. It is believed that a win-win plan can be reached on the underwriting agreement in the future.