Business
Bougouni Lithium Project – Operations Update
Kodal Minerals Plc has announced an operations update for its Bougouni Lithium Project, reporting the full receipt of US$27.25 million for its first spodumene concentrate shipment of 28,735 dry metric tonnes, which sold at US$989.50 per tonne CIF. A second shipment of 20,000 tonnes is currently being loaded, with an initial 95% payment expected. January 2026 production reached 9,141 DMT at a 5.26% Li₂O grade, with mining operations extracting 643,829 tonnes. The company also corrected its 2025 full-year production to 41,916 DMT at a 5.33% Li₂O grade and is planning for regular shipments of 15,000 to 20,000 DMT throughout 2026, with a third shipment anticipated in April. Disclaimer*
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\")\n \nKodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining\n \n5 February 2026\n \nKodal Minerals plc\n(\"Kodal Minerals\", \"Kodal\" or the \"Company\")\n \nBougouni Lithium Project - Operations Update\n \nKodal Minerals (AIM: KOD), the West African lithium producer, mineral exploration and development company, is pleased to provide an update on the mining, processing and export operations at the Bougouni Lithium Project (\"Bougouni\" or the \"Project\") in Southern Mali, which is owned and operated by Kodal Mining UK Limited (\"KMUK\") in which Kodal has a 49% shareholding.\n \nHighlights:\n· Full payment of US$27.25 million for first spodumene concentrate shipment of 28,735 dry metric tonnes (\"DMT\") received by KMUK's operating subsidiary, Les Mines de Lithium de Bougouni SA, (\"LMLB\") following arrival of the vessel in Hainan, China.\n \n· Realised shipment price was US$989.50 per tonne Cost Insurance and Freight (\"CIF\"), equivalent to US$1,148 per tonne CIF for spodumene concentrate at a grade of 6% Li2O (\"SC6\").\n \n· Second shipment of 20,000 tonnes of spodumene concentrate is currently being loaded at the Port of San Pedro, Côte D'Ivoire, and the initial payment of 95% of the value of the cargo is expected following departure from the port in line with the offtake agreement with Hainan Mining Co. Limited (\"Hainan\").\n \n· Production of spodumene concentrate continues at Bougouni, with total production for January 2026 of 9,141 DMT at an average grade of 5.26% Li2O.\n \n· Mining continues at the Ngoualana open pit mine with total tonnes mined of 643,829 tonnes, with pegmatite ore tonnes of 86,691 mined at a grade of 1.21% Li2O.\n \n· Dense Media Separation (\"DMS\") processing continued throughout January 2026 with the run-of-mine (\"ROM\") feed to the DMS processing plant of 121,330 tonnes at a feed grade of 1.18% Li2O.\n \n· Following the first export of spodumene concentrate in December 2025, a survey of remaining spodumene concentrate...