Kodal Minerals CEO gives update on Bougouni’s first lithium production; remains within budget [Video]

Kodal Minerals PLC (AIM:KOD) CEO Bernard Aylward spoke with Proactive’s Stephen Gunnion about the progress of the company’s Bougouni lithium project in Mali, including updates on mining, equipment deliveries, and the potential for a slight delay in production. Aylward confirmed that despite small cumulative delays, the project remains on budget at under $65 million, and mining operations are ahead of schedule with over 60,000 tonnes of ore stockpiled.

Additionally, he discussed the ongoing negotiations with the Malian government regarding the mining license transfer, expressing optimism about achieving a favourable outcome under the new 2023 mining code. Aylward highlighted that the first production is targeted for the end of 2024 or early 2025, with key equipment expected to arrive on-site by December.

Aylward also provided insights into the preparation of the plant for commissioning and the next steps as the company aims for initial production.