Business
Interim Results for 6 months to 30 September 2025
Kodal Minerals Plc reported interim results for the six months ending September 30, 2025, showing a loss of £1,131,000, an improvement from the £1,486,000 loss in the prior year's period. The company's share of its associated undertaking, Kodal Mining UK Limited, turned to a profit of £218,000, significantly boosted by a £4,395,000 foreign exchange gain. Cash balances stood at £15.6 million as of September 30, 2025, down from £18.1 million a year prior. Operationally, the Bougouni Lithium Project received an export permit for 125,000 tonnes of spodumene concentrate, with the first shipment of 28,950 tonnes occurring post-period, and initial payment of US$21.3 million received. The company also noted increased military presence for security at the Bougouni site and confirmed continuation of high-grade mineralisation at the Boumou prospect. 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 UK Market Abuse Regulation.\n \nKodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining\n \n19 December 2025\n \nKodal Minerals plc\n('Kodal', 'Kodal Minerals' or the 'Company')\n \nInterim Results for the six months to 30 September 2025\n \nKodal Minerals (AIM: KOD), the West African lithium producer, mineral exploration and development company, announces its unaudited interim results for the six months ended 30 September 2025 ('H1 2025' or the 'Period').\n \nHighlights\nOperational\n· During the Period, the Company's operational focus has been the mining and production of spodumene concentrate through the Stage 1 Dense Media Separation (\"DMS\") processing plant at the Bougouni Lithium Project in southern Mali (\"Bougouni\" or the \"Project\"), within our associated undertaking Kodal Mining UK Limited (\"KMUK\").\n· Export permit for an initial 125,000 tonnes of spodumene concentrate from Bougouni was received in September 2025, allowing maiden transport of product to the port of San Pedro in Côte d'Ivoire to commence, with the first shipment of 28,950 tonnes of concentrate leaving the port post Period end in November 2025.\n· Following ongoing discussions with Mali government officials, military presence in the Bougouni area and on site has been increased to ensure the security of staff and contractors at the Project. \n· Post Period end, the Company announced its final assay results for the 2025 drilling programme at the Boumou prospect, which confirmed the continuation of wide, high-grade pegmatite mineralisation. The drilling intersected multiple pegmatite bodies with a further drilling campaign planned for early 2026.\n \nFinancial\n· For the 6 months to 30 September 2025, the Company made a loss of £1,131,000 (H1 2024: £1,486,000).\n· The Company's share of KMUK's profit for the Period was £218,000 (H1 2024: loss of £832,000), which included a foreign exchange gain of £4,395,000.\n· The carrying value of Kodal's investment in KMUK at 30 September 2025 was £20,895,000 (H1 2024: £28,207,000).\n·...