Gold Exploration - Nielle Licence Expiration
Kodal Minerals Plc has announced the expiration of its Nielle gold concession licence in Côte d'Ivoire, meaning the company no longer holds an interest in that area. The licence, initially granted in 2014 and renewed multiple times, including a two-year exceptional renewal in 2023, was not granted a further exceptional renewal. This development impacts Kodal's gold exploration activities in the region.
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Kodal Minerals (AIM: KOD), the West African lithium producer, mineral exploration and development company, announces that the Company's licence in connection with the Nielle gold concession located in the Tongon-Banfora greenstone belt in Côte d'Ivoire (the "Nielle Licence") has expired. Consequently, the Company no longer holds any continuing interest in that licence area.
The Nielle Licence was initially granted for a three-year period in 2014 and had been the subject of two renewals, each for three-year terms in accordance with the local mining code. In 2023 the Company was granted a further two-year exceptional renewal. The Company did request a further exceptional renewal of the Nielle Licence, however, this was not accepted.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.