UK-based Kodal Minerals plans to advance its Bougouni lithium mine in Mali, West Africa by the end of 2021. The mine’s spodumene capacity is expected to be 220,000mt per year, through which the metal will be extracted.
The facility’s estimated ore resources are 1.94mn mt with a mine life of 8.5 years and the processing plant’s annual capacity is about 2mn mt, according to the company’s earnings release on Aug 26.
Kodal Minerals is expecting the final mining license and approvals in May this year. Development of the project began in 2020, but it was delayed due to COVID-19.