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An announcement from Kodal Minerals ( (GB:KOD) ) is now available.
Kodal Minerals has announced the successful production of its first spodumene concentrate at the Bougouni Lithium Project, marking a significant milestone for the company. The production was achieved ahead of schedule during the commissioning phase of the Dense Media Separation processing plant. With an initial concentrate grade of 5.53% Li2O, the company is on track to ramp up operations to full capacity shortly. This development positions Kodal Minerals well within the lithium market, as the mining and processing operations have commenced continuous operations, and preparations for the first shipment of lithium spodumene concentrate to China are underway.
More about Kodal Minerals
Kodal Minerals is a mineral exploration and development company operating within the mining sector. Its primary focus is on lithium production, with its flagship project being the Bougouni Lithium Project in Southern Mali. The company aims to capitalize on the growing demand for lithium, a key component in battery technology.
YTD Price Performance: -7.69%
Average Trading Volume: 52,801,409
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £85.04M
Learn more about KOD stock on TipRanks’ Stock Analysis page.
