EV/Lithium, page-1079

...how many of you lithium hodlers know this company Kodal Minerals, aiming to be London's first lithium producer with mine in Mali slated for production at the end of 2024, but probably 2025 with capacity for 220k MT of SC6!

...there are many more of such lithium mines coming out of Africa. I understand that Nigeria is also into lithium.

...yes, I am already hearing people thinking it won't get off the ground, good luck doing it in Mali.

An overview of the mine pit at the Bougouni Lithium Project in Mali, currently under construction
https://x.com/KodalMinerals/status/1830535351540109460
https://x.com/KodalMinerals/status/1829065599374242067
https://x.com/KodalMinerals/status/1828339318244380928

Name of the Project
Bougouni lithium project.

Location
Southern Mali.

Project Owner/s
Gold and lithium miner Kodal Minerals.

Project Description
Bougouni’s mineral resource comprises three advanced prospects – Sogola-Baoulé, Ngoualana and Boumou.
The 2020 feasibility study proposes an openpit contract mining operation, and a conventional milling and flotation processing facility capable of treating two-million tonnes a year of ore, complete with associated infrastructure to mine and process about 16-million tonnes of pegmatite ore over an initial 8.5-year mine life.

Production will average 220 000 t/y of 6% spodumene concentrate. Over the life-of-mine the project is expected to produce 1.94-million tonnes of concentrate.

In September 2022, Kodal proposed the development of Bougouni based on the installation of a modular dense-media separation (DMS) plant to process material from the Ngoualana deposit that, owing to its coarse grain properties, delivers high DMS recoveries. Processing material from the Ngoualana deposit will feed one-million tonnes a year of lithium ore to a DMS processing plant using a conventional circuit to maximise spodumene recovery. The DMS option has a mine life of four years.

Future expansion of the project is expected to continue with the construction and commissioning of a down-stream flotation plant expected to be supported by using the DMS plant cash flows to exploit the resources at Sogola-Baoulé and Boumou, as well as longer-term exploration prospects.
Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated after-tax internal rate of return (IRR) of 91.2%, with a payback of 0.8 years.