Board Update
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Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
Kodal Minerals plc
("Kodal Minerals", "Kodal" or the "Company")
29 January 2026
Board Update
Kodal Minerals (AIM: KOD), the West African lithium producer, mineral exploration and development company, announces that Kodal's Operations Director, Steven (Steve) Zaninovich, will revert to being a Non-executive Director of the Company with immediate effect.
Mr Zaninovich has been instrumental in steering the Bougouni Lithium Project ("Bougouni" or the "Project") in Southern Mali during development, construction and ultimately through to production and the export of spodumene concentrate. Mr Zaninovich will continue to be closely involved with the Project through his continued role as a director of the operating company, Kodal Mining UK Limited ("KMUK") (in which Kodal Minerals has a 49% interest). He will also continue to provide the Company with advice and support as operations continue to develop and expand.
In addition to his role as a non-executive director to Kodal Minerals, the Company has agreed a consultancy arrangement with Mr Zaninovich under which he may provide additional consultancy services as requested by the Company in connection with Bougouni or other projects.
Following this change of role, the Board of Directors of Kodal will be composed of five members: Non-executive Chairman Robert Wooldridge, Chief Executive Officer Bernard Aylward, and Non-executive Directors Charles Joseland, Steve Zaninovich and David Teng.
**ENDS**
For further information, please visit www.kodalminerals.com or contact the following:
|
Kodal Minerals plc Bernard Aylward, CEO |
via Burson Buchanan |
|
Allenby Capital Limited, AIM Nominated Adviser Jeremy Porter/Vivek Bhardwaj |
Tel: 020 3328 5656 |
|
SP Angel Corporate Finance LLP, Financial Adviser & Joint Broker Stuart Gledhill/Adam Cowl |
Tel: 020 3470 0470 |
|
Canaccord Genuity Limited, Joint Broker James Asensio/Charlie Hammond |
Tel: 020 7523 4680 |
|
Peel Hunt LLP, Joint Broker Ross Allister/David McKeown/Georgia Langoulant |
Tel: 0207 418 8900 |
|
Burson Buchanan, Financial PR Bobby Morse/Oonagh Reidy/Abigail Gilchrist
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Tel: +44 (0)20 7466 5000 kodal@buchanancomms.co.uk |
About Kodal Minerals
Kodal Minerals plc, the AIM-quoted West African lithium explorer, developer and producer, is the co-developer of its flagship Bougouni Lithium Project in Southern Mali alongside joint venture partner Hainan Mining, a subsidiary of Hong Kong-listed Fosun International.
The Bougouni Lithium Project covers 350km² in the world-class Birimian terrain of West Africa, located approximately 180km south of Mali's capital Bamako. The Stage 1 Dense Media Separation ('DMS') processing plant, which achieved first spodumene concentrate production in February 2025, has a target output of 125ktpa Li₂O spodumene concentrate. Stage 2 Floatation plant is expected to commence operations in 2028 with a forecast output of 230ktpa Li₂O.
Bougouni is operated by Les Mines de Lithium de Bougouni SA ('LMLB'), a subsidiary of Kodal Mining UK Limited ('KMUK') which owns the project and in which Kodal has a 49 per cent shareholding. The company also has a number of highly prospective gold assets in its diverse portfolio located in West Africa.
For more information on Kodal, please visit kodalminerals.com
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