Member Info for onlyking

Great to see

Give us that export license and let's get going!

Launched in February 2025 in southern Mali, the Bougouni project's processing plant is operating at full capacity. More than 40,000 tonnes of spodumene concentrate have already been produced there, ready for shipment to the port of Abidjan, Ivory Coast. However, despite this technical ramp-up, no shipments have yet left the country. The reason: the export permit, an essential condition for activating the trade agreement, has not yet been issued by the Malian authorities. They are continuing their verifications, particularly on pricing mechanisms, to ensure that Malian lithium will be sold at its fair value, in accordance with the international price.

The so-called "offtake" agreement signed between Les Mines de Lithium de Bougouni (LMLB), Kodal's local subsidiary, and Hainan Mining seals a strategic partnership. It commits the latter to purchasing 100% of production for four years, with a minimum of 8,000 tonnes to be shipped per month. The sale price will be indexed to the CIF price of spodumene 6% Li₂O, as published on the Shanghai Metals Market, currently around $630 per tonne

Isn't this because Hainan would be buying more of Kodal

And not KMUK

Nobody knows for sure that SC wants completely out

Bernard did say that they are reducing their stake BUT

Why would they not wait until the share price rises and make more money as well?

Resource upgrade takes us to the penny

When that nameplate capacity and export permit lands

We go to the moon 🚀🌚

0.70 easy

What am I missing what's new in this Hainan RNS?

Ready to export 😂

They have over 40,000 tons sitting then

Have you been talking to lav? 😂

Near to announcing nameplate production

Big JORC upgrade coming

Ganfengs mine next door now allowed to export at these prices. (Yes their profit will be more).

FFS just get us this export license sorted please

Https://thenewswheel.com/tesla-is-no-longer-a-car-company-china-just-paid-it-557-million-to-build-the-countrys-largest-battery/

Why is there confusion?

0.25

0.367?

How can they be confused as the same dealings

It's a free ride for Kodal now

Go on then Hainan build the flotation

We just own 49% of what you do

That was mercman

He's back in

What has been the trigger this week?

It since Friday last week

Theres plenty of it

I think they will get going like Ganfengs mine next door

Yeah just some idiot ex minister

1/6

Strategic Note to Better Protect Mali's Interests

Author: Excellency Harouna Niang, former Minister, #Mali

Subject: #Protection of Mali's interests in the face of the #Kodal–#Hainan agreement on the exploitation of #lithium in #Bougouni

I. Context and Project Structure

The Bougouni lithium project, located in the Sikasso region, is being developed by Kodal Minerals (United Kingdom) with major financing from Hainan Mining (a subsidiary of the Chinese conglomerate Fosun), which is also the main shareholder and now the exclusive buyer of production through a long-term sales contract.

This configuration presents a fundamental imbalance between Mali's strategic interests and those of a dominant foreign player, combining the roles of producer, investor, and buyer.

#Minerals

⤵️

It has certainly woken up

For better or for worse...

You can see that on L2?

How much...