Gold Exploration - Nielle Licence Expiration

Summary by AI ^BETAClose X

Kodal Minerals Plc has announced the expiration of its Nielle gold concession licence in Côte d'Ivoire, meaning the company no longer holds an interest in that area. The licence, initially granted in 2014 and renewed multiple times, including a two-year exceptional renewal in 2023, was not granted a further exceptional renewal. This development impacts Kodal's gold exploration activities in the region.

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Kodal Minerals PLC

01 May 2026

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

1 May 2026

Kodal Minerals plc

("Kodal Minerals", "Kodal" or the "Company")

Gold Exploration - Nielle Licence Expiration

Kodal Minerals (AIM: KOD), the West African lithium producer, mineral exploration and development company, announces that the Company's licence in connection with the Nielle gold concession located in the Tongon-Banfora greenstone belt in Côte d'Ivoire (the "Nielle Licence") has expired. Consequently, the Company no longer holds any continuing interest in that licence area.

The Nielle Licence was initially granted for a three-year period in 2014 and had been the subject of two renewals, each for three-year terms in accordance with the local mining code. In 2023 the Company was granted a further two-year exceptional renewal. The Company did request a further exceptional renewal of the Nielle Licence, however, this was not accepted.

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/ Abigail Gilchrist

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 its partner Hainan Mining Co. Ltd, 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 achieved first spodumene concentrate production in February 2025 and made its first shipment of concentrate in December 2025. A Stage 2 Flotation plant is planned in future years to process the finer-grained resources within the Bougouni deposit.

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 early-stage gold assets in its diverse portfolio located in West Africa.

For more information on Kodal, please visit kodalminerals.com

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