KODAL HAS BEEN GRANTED EXCLUSIVE RIGHTS TO EXPLORE AND AN OPTION TO ACQUIRE TWO CONCESSIONS (MAFELE OUEST AND NKEMENE OUEST) TOTALLING 200KM2, TOGETHER KNOWN AS THE BOUGOUNI WEST PROJECT.
The Bougouni West project covers an area of 200km2 and is located approximately 25km to the west of Kodal’s existing Bougouni Lithium project. The projects are connected by sealed bitumen road, and access throughout the Bougouni West project is good with local road and tracks available.
The Bougouni West project is located in the Bougouni-Sikasso region, and regional studies completed by CSA Global in 2008 identified high-grade lithium bearing pegmatites within the Bougouni-Sikasso region. The study was commissioned and funded by the World Bank as part of the SYSMIN economic development programme. The Bougouni West project is located immediately adjacent to the Goulamina project, which is being developed under a joint venture agreement between Jiangxi Ganfeng Lithium Co. Ltd and ASX listed Firefinch (ASX: FFX).
Previous exploration within the Bougouni West project is limited and field reconnaissance by Kodal geologists during a Due Diligence review highlighted areas for exploration focus. Pegmatite occurrences were identified during a broad scale country-wide development mapping programme; however, the project is yet to benefit from systematic reconnaissance exploration or drilling targeting lithium pegmatites.
The Company will undertake detailed reconnaissance mapping to follow up known pegmatites and seek undiscovered pegmatite outcrops within the project. There are also a number of geophysical anomalies defined from existing datasets, which represent priority targets for on-the-ground follow up mapping and sampling.
The intention of the Company is to advance exploration efforts in order to prove-up a JORC compliant mineral resource estimate at Bougouni West.