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Kodal Minerals PLC - mineral exploration and development company focused on lithium and gold assets in West Africa - Net present value rises to $760 million at its Bougouni lithium project in Mali, up from $293 million in the original feasibility study. Life of mine revenue exceeds $2.15 billion based on an average selling price of $1,060 per tonne.
Adds there are currently ‘buoyant’ market conditions for lithium spodumene concentrate. Says this provides further incentive to develop the Bougouni project.
Current stock price: 0.26 pence, down 2.9% in London
12-month change: down 20%
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