Kodal Minerals Plc · LSE:KOD
Kodal Minerals — Investor Presentation (February 2025)
21 slides from Kodal Minerals's investor presentation, February 2025
Slide 1: Kodal Minerals plc
Kodal Minerals plc February 2025
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: Investment Highlights
Investment Highlights Kodal Minerals plc Bougouni Lithium Production Imminent Proven Team 3 • Hard rock spodumene • First lithium concentrate • Management team with resource in Southern Mali product imminent at the proven track record of Stage 1 Bougouni DMS converting exploration • 32 Mt of Li2O Op
Slide 4: 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 5: Transformation from developer to critical metals producer in 2025
Transformation from developer to critical metals producer in 2025 2024 Achievements 2025 Objectives ✓ Stage 1 DMS Bougouni Project completed under US$65m ✓ Commissioned Stage 1 DMS Plant in Jan ‘25 budget – fully funded, no debt (excludes MoU payment) ✓ Delivering first spodumene product at Bougouni
Slide 6: Lithium Prices Showing Signs of Recovery
Lithium Prices Showing Signs of Recovery Lithium Concentrate SC6 Pricing (Shanghai Metals Market) Huge Upside Ahead for KOD ✓ Targeting re-rate of Kodal post commencement of production in Q1 ✓ Lithium SC6 pricing upside trend; Offtake floor price $750/t ✓ Suay Chin reducing stake in Kodal after 7-ye
Slide 7: Bougouni JV Partner – Hainan Group
Bougouni JV Partner – Hainan Group 100% offtake secured with supportive JV partner Hainan Mining is a subsidiary of Fosun Invested US$100M for a 51% stake in Acquired 14.7% of Kodal Minerals Hainan has secured 100% offtake International Bougouni asset plc via US$17.75m investment to of spodumene pro
Slide 8: Offtake Agreement
Offtake Agreement 100% offtake deal for Bougouni Stage 1 agreed with Hainan Group (subject to finalisation) • High quality/low impurity spodumene concentrate of 5.5-6% converts to high-grade carbonate product; ideal for EV batteries • 100% offtake for year 1-3 of Bougouni Stage 1 production (DMS) se
Slide 9: Why Lithium?
Why Lithium? Addressing accelerated global demand for ‘white gold’ Electric Vehicle sales global forecasts Lithium: Top 10 countries with largest lithium reserves, million metric tonnes https://www.mckinsey.com/industries/metals-and-mining/our-insights/lithium-mining-how-new-production-technologies-
Slide 10: Bougouni Lithium Project: 2-Stage Development (2024-36)
Bougouni Lithium Project: 2-Stage Development (2024-36) Staged development strategy to maximise future production Stage 1 – DMS (2024-28) • c.125ktpa production from Ngoualana Pit • Initial 4-yr LOM • Low capex c.$65M • Simple process Stage 2 - Flotation Plant (2026-36) • c.230ktpa output from Boumo
Slide 11: Bougouni Lithium Project Mineral Resources
Bougouni Lithium Project Mineral Resources • Current JORC mineral resource estimate of 31.9Mt at 1.06% Li2O; 10.6Mt added in 2024 vs MRE in 2019 • Significant upside potential from Sogola-Baoulé, Boumou plus unexplored Kola & Bougouni South deposits • Exploration to increase LoM by further 10+ years
Slide 12: Bougouni Lithium Project: Development Progress Jan/Feb 2025
Bougouni Lithium Project: Development Progress Jan/Feb 2025 ✓ Plant construction and mine development for Stage 1 completed in Dec’ 24 under the US$65m budget ✓ Concentrate product export contract finalised ✓ Over 160,000 tonnes of ore stockpiled in readiness for commissioning and ramp up ✓ Pre-comm
Slide 13: Bougouni Stage 1 – Ngoualana / Dense Media Separation (DMS)
Ngoulana Pit Bougouni Stage 1 – Ngoualana / ROM Pad Dense Media Separation (DMS) Water Pond Crushing Fuel Farm DMS Plant Concentrate Stockpile Power Plant Filtration MCC Bldg Thickening Filtered Fines Stockpile DMS Tail Stockpile 13 Middlings Stockpile
Slide 14: Mining Production Forecast 2025 – 2026 (Stage 1 DMS)
Mining Production Forecast 2025 – 2026 (Stage 1 DMS) 14
Slide 15: Bougouni Stage 1 DMS
Bougouni Stage 1 DMS Direct Media Separation Operation 2025-28 Potential at Boumou to Extend Life of Stage 1 BOUGOUNI LITHIUM DMS c.125,000 tpa ✓ Both coarse and fine grained spodumene observed in diamond core from Boumou CAPEX c.$65M $647/t of concentrate OPEX AISC ✓ Coarse grained samples appear s
Slide 16: Logistics – Exporting Lithium Product
Logistics – Exporting Lithium Product Export route to San Pedro & Abidjan Ports, Côte d’Ivoire • Concentrate product to be transported in bags to maximise capacity of empty back loads of semi-trailers • This provides option to export product from either Abidjan or San Pedro • c.900 km total distance
Slide 17: Project Images
Project Images Kodal 17
Slide 18: Sustainability Strategy
Sustainability Strategy Responsibly addressing the global energy transition whilst delivering positive socio- economic outcomes for the people of Mali Bougouni presents an opportunity to mine and Kodal/KMUK is mindful of its responsibilities as a Kodal/KMUK has ensured that value creation is The Com
Slide 19: Summary
Kodal Minerals Summary
Slide 20: Investment Case
Investment Case London’s First Quoted Lithium Producer in West Africa • Fully permitted and financed Stage 1 Bougouni Lithium Project About Kodal Minerals plc London-quoted Kodal Minerals is • First product imminent at Bougouni developing a portfolio of critical • Kodal Minerals plc strong cash bala
Slide 21: Contact
BERNARD AYLWARD Chief Executive Officer bernard@kodalminerals.com ALLENBY CAPITAL LTD BURSON BUCHANAN CANACCORD GENUITY SP ANGEL Nominated Adviser Financial PR & IR Joint Broker Financial Adviser & Joint Broker j.porter@allenbycapital.com kodal@buchanancomms.co.uk jasensio@cgf.com richard.parlons@sp
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