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Kodal Minerals Plc
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Bougouni | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 1/27/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-1-2020: Kodal Minerals Plc announces a Feasibility Study report for its Bougouni deposit at the Bougouni project. Feasibility study results incl. post-tax NPV (7%) of USD$200M, IRR of 51%. Kodal Minerals, the mineral exploration and development company | |
| Resources: | (Resource, I+I): 21.3Mt @ 1.11% Li2O% | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Kodal Minerals, the mineral exploration and development company focused on the development of its Bougouni Lithium Project in southern Mali (“Bougouni” or the “Project”), is pleased to announce that a mining licence application has been submitted to the Mali Government for the Project (the “Application”). As part of the Application, the Company has completed a feasibility study for the proposed mining operation (the “Feasibility Study” or the “Study”), and the details of the findings of the Study are presented herein. The Feasibility Study for the Bougouni Lithium Project proposes a contract mining operation and conventional “Milling and Flotation” processing facility, capable of treating 2 Mtpa of ore, complete with associated infrastructure, to mine and process approximately 16Mt of pegmatite ore over an initial 8.5 year LOM. Kodal Minerals, and its Mali subsidiary Future Minerals SARL, coordinated and managed the Study with various industry expert consulting firms engaged to contribute in the areas of geology, resources, geo-technical, mining, metallurgy, engineering, tailings, cost estimating, project implementation, operational readiness, risk identification, and health, safety, environmental and social aspects. The Project will consist of open-pit mines, lithium concentrate processing plant, tailings dam, waste rock dumps, water storage dam, stores, camp including administrative and living quarters and associated infrastructure. | |
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