Kodal Minerals Plc · LSE:KOD
Kodal Minerals — Engage Investor Presentation (May 2025)
21 slides from Kodal Minerals's conference presentation, May 12, 2025
Slide 1: Kodal Minerals plc Engage Investor Presentation
Kodal Minerals plc Engage Investor Presentation 12 May 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 Case
Investment Case London’s First Quoted Lithium Producer in West Africa • Bougouni Lithium Project - Stage 1 DMS - fully permitted, fully financed, About Kodal Minerals plc built and in production London-quoted Kodal Minerals is • Stage 1 DMS - significant upside potential through life of mine extensi
Slide 4: 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 4 Middlings Stockpile
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: Bougouni Lithium Project – potential to scale
Bougouni Lithium Project – potential to scale 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
Slide 7: 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 8: Mining Production Forecast 2025 – 2026 (Stage 1 DMS)
Mining Production Forecast 2025 – 2026 (Stage 1 DMS) 8
Slide 9: Bougouni JV Partner – Hainan Group
Bougouni JV Partner – Hainan Group Commercial terms agreed for 100% offtake with supportive JV partner (subject to contract) 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 of spodumene International Bougouni
Slide 10: Commercial terms agreed for 100% Offtake with Hainan Group
Commercial terms agreed for 100% Offtake with Hainan Group (subject to contract) Outline terms informally agreed and contract to be finalised • 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 B
Slide 11: Why Lithium?
Why Lithium? Helping to address global Lithium supply/demand for ‘white gold’ Electric Vehicle sales global forecasts Kodal’s end market - Chinese demand for electric vehicles outpacing ROW Attribution: Bloomberg New Energy Finance, June 2024 Source: Automobility; IEA Global EV Outlook 2024 ● 2025 t
Slide 12: Why Lithium?
Why Lithium? The EV opportunity – US vs China sales 12
Slide 13: 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 14: Bougouni Lithium Project: 2-Stage Development
Bougouni Lithium Project: 2-Stage Development (2024-36) Staged development strategy to maximise future production Stage 1 DMS • c.125ktpa production from Ngoualana Pit • Initial 4-yr LOM • Low capex c.$65M • Simple process • Potential to expand LOM Stage 2 - Flotation Plant • c.230ktpa output from B
Slide 15: 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 16: Project Images
Project Images Kodal 16
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 Highlights
Investment Highlights Bougouni Lithium Project First Production Q1’25 Proven Leadership Team 20 • Hard rock spodumene • First lithium concentrate of • Management team with resource in Southern Mali 5.53% Li2O achieved at proven track record of Bougouni in Feb converting exploration • 32 Mt of Li2O •
Slide 21: 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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