Bougouni Project - New Conventions Licence Awarded

RNS Number : 7119D

Kodal Minerals PLC

02 February 2018

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR") 

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

2 February 2018

Kodal Minerals plc ('Kodal Minerals' or 'the Company')

Bougouni Lithium Project - New Conventions Licence Awarded

Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to provide this update on the Company's concessions at the Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project").

As announced on 18 January 2018 and earlier on 13 December 2017, the Company had filed new applications over two new 100 square kilometre licences covering the high priority areas within the Kolassokoro area (the "Project Area") directly in the name of its Malian subsidiary, Future Minerals SARL.  The Company now confirms it has received fully signed "conventions" granting the Company exclusive exploration rights to the Project Area. In addition, the Company has immediately moved to apply for "Arretes" over the Project Area, that will affirm the Company's rights and ensure title for an initial three year period with rights for two renewals of two years each.

**ENDS**

For further information, please visit www.kodalminerals.com or contact the following:

Kodal Minerals plc Bernard Aylward, CEO	Tel: [phone]
Allenby Capital Limited, AIM Nominated Adviser Jeremy Porter/Nick Harriss	Tel: [phone]
SP Angel Corporate Finance LLP, Financial Adviser & Broker John Mackay/Laura Harrison	Tel: [phone]
St Brides Partners Ltd, Financial PR Susie Geliher/Megan Dennison	Tel: [phone]

 

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