Kodal Minerals Plc · LSE:KOD
Kodal Minerals — Investor Presentation (November 2024)
18 slides from Kodal Minerals's investor presentation, November 2024
Slide 1: London's first West African Lithium producer
London’s first West African Lithium producer November 2024
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) and the presentation made to you verbally has been prepared by Company’s results of operations, performance, financial condition, prospects, growth, strategies and the industry in which the Kodal Minerals PLC (the “Company”). Kod
Slide 3: About Kodal Minerals
About Kodal Minerals • Kodal Minerals was established and listed on London’s AIM market in 2013 Kodal Minerals plc • Acquired Bougouni Lithium Project in 2016 – covers 350km² in the world-class Birimian terrain of West Africa located 180km south of the capital, Bamako London Stock Exchange AIM- quot
Slide 4: Investment Case
Investment Case London’s First Lithium Producer in West Africa About Kodal Minerals plc • Fully permitted and financed Stage 1 Bougouni Lithium Project London-quoted Kodal Minerals is developing a portfolio of critical • Development of Bougouni close to completion – first production metals projects
Slide 5: Leadership
Leadership Strong senior team with African mining development and operational experience BERNARD AYLWARD STEVEN ZANINOVICH ROBERT WOOLRIDGE CHARLES JOSELAND DAVID TENG CHIEF EXECUTIVE OFFICER OPERATIONS DIRECTOR NON-EXECUTIVE CHAIRMAN NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR • Geologist with 20
Slide 6: London's first Lithium producer in West Africa
London’s first Lithium producer in West Africa Bougouni Lithium Project: 2-Stage Mine Strong Free Cash Flow Post Q2/25 Significant Exploration Upside Stage 2 Partnership with Hainan Group for Stage 1 Stage 1: Low capex DMS Plant, low AISC, Stage 2: 10+ years on current MRE with limited profitable pr
Slide 7: Bougouni Stage 1 DMS (2025-28)
Bougouni Stage 1 DMS (2025-28) High return, low-cost project BOUGOUNI LITHIUM DMS c.125,000 tpa 2,500 800 700 2,000 CAPEX c.$65M 600 1,500 500 $647/t of concentrate 400 OPEX AISC produced 1,000 300 200 CONVENTIONAL BLAST, LOAD 500 LOM 2.8M BCM pa, strip 7.5:1 100 AND HAUL OPEN PIT MINING 0 0 SIMPLE,
Slide 8: Bougouni Stage 1 Construction Schedule
Bougouni Stage 1 Construction Schedule 8
Slide 9: Bougouni Lithium Project Stage 1: Update November 2024
Bougouni Lithium Project Stage 1: Update November 2024 ✓ US$65m capital expenditure Stage 1 DMS on budget, fully funded ✓ Bougouni construction progressing well; first production Q1 2025 ✓ Installation of Crushers, DMS equipment and structures well advanced ✓ Plant commissioning to start in December
Slide 10: Bougouni Stage 1 – Ngoualana / DMS
Bougouni Stage 1 – Ngoualana / DMS Degrit Stockpile Substation Filtered Fines Stockpile Power Station DMS Processing Screening Product Stockpile Crushed Ore Feed (now automated) 10
Slide 11: Bougouni Lithium Project Stage 2: Flotation Processing of Boumou and Sogola-Baoulé
Bougouni Lithium Project Stage 2: Flotation Processing of Boumou and Sogola-Baoulé • Circa US$175m capital expenditure for Stage 2 – Flotation Plant • To be funded in part from Stage 1 cashflow • Engineering to commence in 2025 followed by construction in 2026 • Annual production of c.230ktpa Li2O f
Slide 12: Bougouni Project JV Partner – Hainan Group
Bougouni Project JV Partner – Hainan Group Hainan Mining is a subsidiary Invested US$100M for a 51% stake in Acquired 14.7% of Kodal Negotiating 100% offtake of Fosun International Bougouni asset via KMUK Minerals plc via US$17.75m of spodumene product from investment to advance Bougouni Stage 1 wit
Slide 13: Mali Mining Code 2023
Mali Mining Code 2023 • Kodal enjoys strong, stable relations with the Mali government • KMUK have signed a binding MoU with Mali to transfer Bougouni mining licence to local subsidiary, Les Mine de Lithium de Bougouni (LMLB) • 10-year mining licence will migrate to Mali’s 2023 Mining Code with key
Slide 14: Why Lithium?
Why Lithium? Addressing accelerated global demand for ‘white gold’ Electric Vehicle sales global projections Top 10 countries with largest lithium reserves, million metric tons Attribution: Bloomberg New Energy Finance, June 2024 Figure 2 Figure 2: https://www.mckinsey.com/industries/metals-and-mini
Slide 15: Project Images – October / November 2024
Project Images – October / November 2024 Plate style thickener assembly Dual module crushed ore feed conveyors DMS Building Screen building 15
Slide 16: Project Images – October / November 2024
Project Images – October / November 2024 Assembly of secondary and tertiary crusher modules Offloading platework on site Bougouni Project – Oct 2024 KMUK Team in Bamako 16
Slide 17: Q&A
,>» Kodal -“’ Minerals Q&A
Slide 18: Contact details and advisers
BERNARD AYLWARD ALLENBY CAPITAL LTD CANACCORD GENUITY Chief Executive Officer Nominated Adviser Joint Broker bernard@kodalminerals.com j.porter@allenbycapital.com jasensio@cgf.com BURSON BUCHANAN SP ANGEL Financial PR & IR Financial Adviser & Joint Broker kodal@buchanancomms.co.uk richard.parlons@sp
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