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At the launch of the plant, Mali’s transitional President Assimi Goita described his country’s cooperation with China as a “strategic and sincere” partnership. Goita said the lithium mine was extremely important for the West African nation and the launch of the processing plant “marks a significant step forward in the exploitation of the country’s natural resources”. Chinese ambassador to Mali Chen Zhihong, who attended the inauguration ceremony, said the Goulamina mine “is a new example of win-win cooperation”.

In 2023 we went from 0.39 to 0.88 in a few weeks on good news

Mining license will transfer and we will have the Mali leader opening the mine for production like at Leo

Suay Chin will exit and we will re rate

Crazy!!

I know we have suay chin selling

Tax payment to sort

Offtake to be finalised

License transfer to be signed off

But how can this be so low still with little buzz about it

People were putting their houses into prem

Https://www.proactiveinvestors.co.uk/companies/news/1066119/kodal-minerals-ceo-on-bougouni-lithium-production-milestone-1066119.html

Maybe because of the 35% mining code

Suay*

Unless this is corrupt

Even with the suya chin selling this should see a steady upwards curve now

I think this needs license sorted

Offtake done

First production to port and and suay chin gone before testing a penny

I imagine they test at the battery factory then

But not send to an independent company

Behave Lav

They are testing it themselves onsite lol

Why would they go and do it again when it's going to their battery factory

What are the thresholds?

Every 1% reduction? 5%?

I am just guessing sadly like everyone else

Just seems very odd that Suay chin are selling like stated in the presentation but the RNS says they have only sold 3million shares

Maybe that is why the presentation said a re rate with production

They know suay chin will be gone

There is no way they have only parted with 3 million shares so far

Must be nearly done

"we've done a study on flotation over at boumou, and the ore in this sogola pit is such that we can recover co**** grain - dense media separation allows that," zaninovich said.

"the unit process is as simple, but you have to have the right kind of ore body. we think there is some more course stuff at boumou, having drilled a bit further and looking at some of the co**** nature of some of the deposit," aylward emphasised.

"if we can get more dms - in three or four years time, we could be 30,000tpm with those combined," zaninovich explained.

kodal has 350sq.km under license, and the company intends to continue to explore its options.

"we've got just under 100sq.km in the mining permit itself. and anything that we find in there will immediately just go into the plant," zaninovich said.

the company still maintains an aisc of $647/t, which at current lithium carbonate prices of around $9000/t (according to shanghai metals market), means the project is still profitable.

"we like to under promise and over deliver," zaninovich said, alluding to the fact the end aisc may be slightly lower than the promised figure.

"we've based a lot of our numbers on a 1mtpa plan, but we will probably do 20% more," he said. "but it's going to take us maybe six weeks to ramp up and see how those unit processes perform," he quantified.

Slow and steady wins the race....

Excellent news and this will have a re rate/correction

But so frustrating that normally some news like this would take us up up and away

Bernie said a re rate is coming so I agree

Who knows

But just check London Stock Exchange

Out of this over the weekend

BERNIE LIKES A MONDAY RNS NOW