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Mining Licence Granted - Bougouni Lithium Project
Mining Licence Granted - Bougouni Lithium Project.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5766R\n Kodal Minerals PLC\n 08 November 2021\n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.\n \n \n \n \n \n \n \n Up Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining\n \n \n \n \n \n 8 November 2021\n \n \n \n \n \n Kodal Minerals plc (\"Kodal Minerals\", \"Kodal\" or the \"Company\")\n \n \n \n \n \n Mining Licence Granted for Bougouni Lithium Project\n \n \n Kodal Minerals, the mineral exploration and development company, is pleased to announce that it has been granted a Mining Licence for its flagship Bougouni Lithium Project in Mali (\"Bougouni\" or the \"Project\"). The Project is now fully permitted for development with the previous approval of the Environmental and Social Impact Assessment (\"ESIA\") in November 2019.\n \n Highlights\n \n · Permis d'Exploitation number No2021-0774/PM-RM (\"Mining Licence\") granted to Kodal Minerals' Mali subsidiary company, Future Minerals SARL, and is valid for an initial 12-year term and renewable in ten-year blocks until all resources mined.\n \n · The Mining Licence is granted under the 2019 Mining Code and extends over 97.2 square km covering the proposed open-pit mining and processing operation at Bougouni.\n \n · As a next step, Kodal has commenced a programme of work to update the Feasibility Study announced in January 2020 ahead of securing funding for mine development and construction. The programme has a six-month time estimate and will focus on:\n \n o Metallurgical test work for variability testing and confirmation of process flowsheet, investigating the potential for increased metallurgical recoveries;\n \n o Completion of geotechnical and hydrogeological reviews for open pit and the tailings dam;\n \n o Update and finalisation of capital cost estimates and operating costs for the proposed development; and\n \n o Community development and stakeholder engagement activities at Bougouni.\n \n · Strongly rising prices for spodumene concentrate highlight opportunity for Project development with recent average pricing levels exceed...