KODAL MINERALS PLC

Regulatory News Service • Nov 3, 2025

National Storage Mechanism | Additional information

RNS Number : 9297F

Kodal Minerals PLC

03 November 2025

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

Kodal Minerals plc

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

3 November 2025

Operations Update

Kodal Minerals (AIM: KOD), the West African lithium producer and mineral exploration and development company, notes the recent press speculation concerning security developments in and around the capital of Bamako.

At present, operations at the Bougouni Lithium Project in Southern Mali ("Bougouni Project" or "Project"), which is located circa 180km from Bamako, continue to run as usual. We recently successfully commenced trucking of our spodumene concentrate product to the port of San Pedro in Cote d'Ivoire carried out by a Malian transportation contractor. So far, just over 10,000t of spodumene concentrate has been transported to the port ready for shipping with more trucks arriving daily.

In addition, management are currently on site for a scheduled presidential inauguration of the Bougouni Project.

**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, 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: 0207 523 4680
Burson Buchanan, Financial PR Bobby Morse/ Oonagh Reidy/ Abigail Gilchrist	Tel: +44 (0)20 7466 5000 [email protected]

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'), 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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