Kodal Minerals Plc · LSE:KOD
Kodal Minerals — Investor Presentation (February 2025)
22 slides from Kodal Minerals's investor presentation, February 2025
Slide 1: Kodal Minerals plc
Kodal Minerals plc February 2025 Transitioning from Developer to Producer
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 First Production Q1’25 Proven Team 3 • Hard rock spodumene • First lithium concentrate • Management team with resource in Southern Mali of 5.53% Li2O achieved at proven track record of Bougouni in Feb converting exploration • 32 Mt of Li2O di
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) ✓ Delivered first spodumene product of 5.53% Li2
Slide 6: Lithium Prices Showing Signs of Recovery
Lithium Prices Showing Signs of Recovery Lithium Concentrate SC6 Pricing (Shanghai Potential Upside Ahead for KOD Metals Market) ✓ Lithium SC6 pricing upside trend ✓ Targeting re-rate of Kodal post production in Q1 ✓ Graph indicates prices bottoming out; +10% since Oct-24 ✓ Suay Chin reducing stake
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 agreed 100% offtake International Bougouni asset plc via US$17.75m investment to of spodumene prod
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 years 1-3 of Bougouni Stage 1 production (DMS) a
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
Bougouni Lithium Project: 2-Stage Development (2024-36) Staged development strategy to maximise future production Stage 1 – DMS (2025-28) • 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
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 US$65m budget ✓ Concentrate product export contract finalised ✓ Full commissioning and testing of equipment completed ✓ Commissioning on water completed 31 Jan
Slide 13: Bougouni Stage 1 – Ngoualana / Dense Media Separation (DMS)
Ngoulana Pit Bougouni Stage 1 – Ngoualana / Dense Media ROM Pad 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: Project Images
Project Images >) Kodal 18
Slide 19: 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 20: Summary
Kodal Minerals Summary
Slide 21: 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 • Achieved first spodumene concentrate production in Feb ’25 of 5.53% Li2O developing a portfolio of critical
Slide 22: Bernard Aylward, Chief Executive Officer
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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