Kodal Minerals CEO on Mali arbitration and continued strong progress at Bougouni Lithium Project

Core Viewpoint - Kodal Minerals PLC is making significant operational progress at the Bougouni Lithium Project in Mali, despite entering arbitration over a US$15 million payment dispute with the Mali government [1][2]. Operational Progress - The Bougouni project has successfully completed its second shipment, receiving an initial payment of nearly US$24 million for approximately 20,000 tonnes of spodumene concentrate [4]. - A third shipment is expected in late March or early April, with strong demand for lithium products in the current high-price market [4]. Partnership and Arbitration - The company is in arbitration with joint venture partner Hainan Mining Co. Ltd regarding an indemnity claim, with both parties holding "diametrically opposed views" [2]. - Despite the arbitration, the partnership remains strong, with both parties committed to advancing the Bougouni project, including planning for stage two development and a significant work program for 2026 [3]. Logistics and Revenue Generation - Mining, processing, and logistics operations are running smoothly, with products being transported to port and shipped to China, contributing to revenue generation [5].