We released an update on our Bougouni Lithium Project in Mali today:
· First production aimed for Q1’25
· $65m capex budget still on target
· Long lead items delivered onsite & installation commencing
· Civil construction works +90% complete
· Mining of pegmatite ore commenced; 9 blasts conducted & ore stockpile growing.
Bernard Aylward, CEO of Kodal Minerals said: "The development of the Bougouni Lithium Project by KMUK continues to gain momentum, with the recent delivery of the DMS and crushing circuit equipment to the site and the subsequent commencement of building onsite.
Positively, the open pit mining is continuing ahead of schedule and a stockpile of ore is being built.
However, the cumulative effect of heavy rainfall coupled with delays in shipping and transport to the site had led to the prudent decision taken by management to advise of a potential delay in first production by a small number weeks to early Q1 2025."
Full announcement: https://bit.ly/3N26xrY