Business
MOU signed with Mali Lithium Limited
MOU signed with Mali Lithium Limited.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2704B Kodal Minerals PLC 29 January 2020 \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\n29 January 2020\nKodal Minerals plc ('Kodal Minerals' or the 'Company')\n \nMOU signed with Mali Lithium Limited to explore synergies for the development of the Bougouni Lithium Project\n \nKodal Minerals, the mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali, is pleased to announce it has signed a Memorandum of Understanding (\"MoU\") with Mali Lithium Limited (\"MLL\"), an Australian Securities Exchange (\"ASX\") listed company looking to develop the Goulaminia Lithium Project located proximal to Kodal Mineral' Bougouni Lithium Project. The MoU is for general cooperation and investigation of synergies in the development of their respective projects.\n \nThe two companies recognise the potential to improve the development of each project through the sharing of certain infrastructure and operational support and under the MoU, will review the following key areas for cooperation:\n· pre-development, sharing facilities in the closest town of Bouguoni, where both companies currently have separate facilities to support exploration and fieldwork;\n· establishment of common workshop, servicing, storage and catering facilities;\n· establishment of common supply chains for spares, reagents, fuel and other consumables;\n· joint strategy for transport and shipping; and\n· joint approach to community development. \n \nIn addition to exploring operating synergies, the companies intend to negotiate an access agreement for the N'Kemene Ouest and Mafele Ouest concessions (\"Bougouni West Project\") that are owned by Kodal Minerals via the Bamabara option agreement. \n \nBernard Aylward, CEO of Kodal Minerals, remarked: \"Following the completion of our Feasibility Study and the lodging of our mining licence application for the Bougouni Lithium Project, Kodal Minerals is continuing to work on optimising and improving its devel...