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BAMAKO - Kodal Minerals (AIM:KOD) confirmed Monday that its Bougouni Lithium Project in southern Mali continues to operate normally despite recent security developments in and around the capital city of Bamako.
The lithium production facility, located approximately 180 kilometers from Bamako, has successfully begun transporting spodumene concentrate to the port of San Pedro in Côte d'Ivoire using a Malian transportation contractor. According to the company, just over 10,000 tonnes of spodumene concentrate has already reached the port and awaits shipping, with additional deliveries arriving daily.
Kodal management is currently on site for a scheduled presidential inauguration of the Bougouni Project, the company stated in a press release.
The Bougouni Lithium Project, which achieved first spodumene concentrate production in February 2025, is operated through Les Mines de Lithium de Bougouni SA, a subsidiary in which Kodal holds a 49 percent stake. The project's Stage 1 Dense Media Separation processing plant has a target output of 125,000 tonnes per annum of lithium spodumene concentrate.
Kodal Minerals is developing the project in partnership with Hainan Mining, a subsidiary of Hong Kong-listed Fosun International. The 350-square-kilometer project is situated in West Africa's Birimian terrain.
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