Very interesting. Makes practical sense.Kodal Minerals, the mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali, is pleased to announce it has signed a Memorandum of Understanding ("MoU") with Mali Lithium Limited ("MLL"), an Australian Securities Exchange ("ASX") listed company looking to develop the Goulaminia Lithium Project located proximal to Kodal Mineral' Bougouni Lithium Project. The MoU is for general cooperation and investigation of synergies in the development of their respective projects.
The two companies recognise the potential to improve the development of each project through the sharing of certain infrastructure and operational support and under the MoU, will review the following key areas for cooperation:
· pre-development, sharing facilities in the closest town of Bouguoni, where both companies currently have separate facilities to support exploration and fieldwork;
· establishment of common workshop, servicing, storage and catering facilities;
· establishment of common supply chains for spares, reagents, fuel and other consumables;
· joint strategy for transport and shipping; and
· joint approach to community development.
In addition to exploring operating synergies, the companies intend to negotiate an access agreement for the N'Kemene Ouest and Mafele Ouest concessions ("Bougouni West Project") that are owned by Kodal Minerals via the Bamabara option agreement.
