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BAMAKO - Kodal Minerals PLC (AIM:KOD) has begun transporting its first shipment of lithium spodumene concentrate from its Bougouni Lithium Project in southern Mali to the port of San Pedro in Côte d'Ivoire, the company announced Monday.
The initial shipment will consist of 30,000 tonnes from the project's current 45,000-tonne stockpile. The transport process is expected to take between four and six weeks, with the company planning to continue moving the entire stockpile to ensure material availability at the port for subsequent shipments.
"This is a major milestone for the Bougouni project with the first truckloads of spodumene concentrate departing site for export," said Bernard Aylward, CEO of Kodal Minerals.
The company expects to receive its first revenue upon completion of vessel loading at San Pedro port, in accordance with its off-take agreement.
Kodal's Bougouni operation achieved first spodumene concentrate production in February 2025 through its Stage 1 Dense Media Separation plant, which has a target output of 125,000 tonnes per annum of lithium spodumene concentrate.
The Bougouni Lithium Project is operated by Les Mines de Lithium de Bougouni SA, a subsidiary of Kodal Mining UK Limited, in which Kodal Minerals holds a 49 percent stake. The project is being developed in partnership with Hainan Mining, a subsidiary of Hong Kong-listed Fosun International.
The company's Stage 2 Floatation plant is planned to begin operations in 2028 with a projected output of 230,000 tonnes per annum.
The information was disclosed in a press release statement from the company.
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