1st Sep 2020 14:57
Kodal Minerals PLC - mineral exploration and development company - Signs memorandum of understanding with PowerChina subsidiary Sinohydro Corp Ltd - a specialist engineering, infrastructure, power developer and construction contractor - to work together to develop the Bougouni lithium project in southern Mali.
Chief Executive Bernard Aylward says: "We are very pleased to announce the finalisation of the MoU with Sinohydro and believe it reflects the underlying value of the Bougouni project.
"We have had ongoing discussions with Sinohydro for a period of time during which we have been pleased to host their technical team at the project site. We look forward to a strong and productive collaboration between our respective technical teams to maximise the benefit of the MoU which we see as delivering a third party assessment of our feasibility study, a review of our development schedule and most importantly a review and advancement of the financing opportunities for the Bougouni project."
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By Paul McGowan; [email protected]
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