Kodal Minerals plc (LSE:KOD) has celebrated the official opening of the Stage 1 Bougouni Lithium Project in southern Mali, marking a major milestone for both the company and the region’s mining industry. The project has already produced more than 45,000 tonnes of spodumene and is targeting an annual output of 125,000 tonnes of lithium concentrate. The inauguration ceremony, attended by the President of Mali and other senior government officials, highlighted the project’s strategic significance for local economic growth and national resource development. The company expects its first export shipment in the near term, which will initiate revenue generation for Kodal and its joint venture partners.
Kodal Minerals is entering a pivotal transition phase, supported by a strong balance sheet and steady progress in lithium production. While the company continues to face challenges related to limited revenue and negative cash flow, its current valuation suggests potential upside if production targets are achieved. Ongoing corporate developments enhance the medium-term outlook, although technical indicators remain mixed, reflecting cautious investor sentiment.
More about Kodal Minerals plc
Kodal Minerals plc is an AIM-listed mineral exploration and development company focused on advancing lithium assets in West Africa. Its flagship asset, the Bougouni Lithium Project in southern Mali, is being developed in partnership with Hainan Mining, a subsidiary of Fosun International. Covering an area of 350 km² in the Birimian geological belt, the project is expected to deliver substantial spodumene concentrate production and position Kodal as a key player in the global lithium supply chain.
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