Kodal Minerals (LSE:KOD) has announced that non-executive director Steve Zaninovich will retire from the board following the company’s annual general meeting on 24 June 2026, marking the end of a tenure that spanned the development of the Bougouni Lithium Project from exploration through to production.
While stepping down from his board position, Zaninovich will remain closely involved with the business through a consultancy role. In this capacity, he will continue supporting operations at the Bougouni mine and provide advice on future development and growth initiatives, helping to ensure continuity as the project progresses through its next phase.
The company highlighted Zaninovich’s significant contribution to Bougouni’s advancement, including his involvement in the project’s feasibility studies, financing arrangements and construction programme. His experience has been instrumental in transforming Bougouni into a producing lithium operation.
Chairman Robert Wooldridge acknowledged the importance of Zaninovich’s role in the mine’s development and welcomed his continued involvement as an adviser. The move allows Kodal to retain valuable technical and strategic expertise while potentially creating scope for future changes to the board’s composition.
Management believes the transition provides stability as Bougouni continues to ramp up production and strengthen its position within the growing West African lithium industry.
More about Kodal Minerals
Kodal Minerals is an AIM-listed mining company focused on lithium exploration, development and production in West Africa, alongside a portfolio of early-stage gold interests. Its flagship Bougouni Lithium Project in southern Mali, developed in partnership with Hainan Mining, entered production in 2025 and currently produces spodumene concentrate. The company is also evaluating a planned second-stage flotation plant designed to process finer-grained lithium resources and enhance the project’s long-term production profile.
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