Confirmation of new licences

RNS Number : 0986L

Kodal Minerals PLC

17 April 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

17 April 2018

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

Bougouni Lithium Project - Confirmation of new licences

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

As announced on 2 February 2018, the Company had received fully signed "conventions" in respect of 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 confirms it has now received fully executed "Arretes" over the Project Area, that ensure exploration rights 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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