Security Incident at Bougouni

Kodal Minerals deeply regrets to report that a security guard has passed away as a result of an attack just outside the main security entrance to the Bougouni Lithium Mine in Mali, West Africa.

The incident occurred on Friday night, 22 August 2025, when assailants on motorcycles approached the main security post. Military forces positioned at the site, which support the Company's security operations, engaged the attackers who quickly fled the scene. Regrettably, an employee of the Company's security contractor died at the scene. No other personnel were injured.

The Company is working closely with Mali government officials and the military security presence on site has been increased to ensure the security and wellbeing of staff and contractors at the mine. Mining and processing activities at the Bougouni Mine have not been impacted by the incident.

The Company is providing ongoing support to the family of the deceased man.