Kodal Minerals’ primary focus is the development of its Bougouni Lithium Project in Southern Mali – an emerging lithium province which has already attracted the attention of investors and off-take partners seeking to secure long-term supply of strategic commodities including lithium.
Since acquiring the Bougouni Project in late-2016, the Company has implemented an accelerated exploration and development programme aimed at advancing the project into production in as short timeframe as practicable. In February 2019, the Company announced an updated JORC Mineral Resource for the Bougouni Project of 21.3Mt at 1.11% Li2O, with 11.6Mt at 1.13% Li2O in the Indicated category and 9.7Mt at 1.08% Li2O in the Inferred category. This updated Mineral Resource is 23% higher than the original Maiden Mineral Resource released in September 2018, with over 55% of the Resource now in the Indicated category. The Mineral Resource is made up of the three most advanced prospects at Bougouni:
- Sogola-Baoule: 12.2Mt at 1.1% Li2O (18% increase);
- Ngoualana: 5.1Mt at 1.2% Li2O (9% increase);
- Boumou: 4Mt at 1.02% Li2O (81% increase).
This Mineral Resource, which is comprised of only three of the ten prospects identified to date, places the Bougouni Project in the top 15 projects globally.
The Company has a significant lithium footprint in southern Mali which, in addition to its flagship Bougouni Lithium Project, also includes the 200km2 Bougouni West Project and the 109km2 Diendio Project. Collectively, Kodal has a land holding of over 800km2 in Mali, making it the largest lithium developer in West Africa in terms of acreage.
The Company is supported by its strategic investor and off-take partner, Suay Chin International Pte Ltd (‘Suay Chin’), a Singapore registered trading company with extensive connections within the Chinese lithium market.
- high grade and outcropping mineralisation
- 21.3Mt Mineral Resource
- 800km2 position in recognised mining district
- high value spodumene content
- offtake partner secured