Kodal Minerals signs lithium offtake deal; CEO outlines next steps

Proactive - Interviews for investors

Kodal Minerals PLC (AIM:KOD) CEO Bernard Aylward talked with Proactive's Stephen Gunnion about the company's progress at the Bougouni Lithium Project, including a formal offtake agreement with Hainan Mining. Aylward said the deal secures 100% of the product from the Dense Media Separation (DMS) plant, with 95% of each cargo's value paid on shipment. This arrangement provides revenue certainty and supports ongoing operations. He noted, “We are producing a lot of spodumene concentrate and 40,000 tonnes at the moment, in a ballpark figure, that's equivalent to four months of basic export.” The company plans to use initial revenues to repay shareholder loans and set aside funds for Stage Two development. Aylward explained that Kodal Minerals retains the option to secure additional offtake agreements for future production expansion. Production has already surpassed 40,000 tonnes, and the team is working towards achieving the nameplate capacity of 120,000 tonnes. Aylward said the plant is operating well overall, though some technical refinements will improve product consistency and throughput. Looking ahead, the key milestone will be securing an export permit from the Malian government. The company expects this will allow the first sales revenues and support further resource updates and feasibility work at Bougouni. Visit Proactive’s YouTube channel for more company interviews and updates. Don’t forget to like this video, subscribe to the channel, and enable notifications for future content. #KodalMinerals #Lithium #BougouniProject #BatteryMetals #Spodumene #MiningInvesting #HainanMining #MaliMining #CriticalMinerals #MiningNews