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Kodal Minerals Reshapes Board as Bougouni Lithium Project Enters Steady Production Phase

Story Highlights
  • Kodal Minerals has shifted Operations Director Steven Zaninovich to a non-executive director role.
  • Zaninovich will remain involved via KMUK directorship and a new consultancy, as Kodal’s board moves to a five-member structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kodal Minerals Reshapes Board as Bougouni Lithium Project Enters Steady Production Phase

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Kodal Minerals ( (GB:KOD) ) has shared an announcement.

Kodal Minerals has announced that Operations Director Steven Zaninovich is transitioning to a non-executive director role with immediate effect, as the Bougouni Lithium Project advances from development and construction into ongoing production and export of spodumene concentrate. Zaninovich, who played a key role in bringing Bougouni into production, will remain a director of operating company Kodal Mining UK Limited and has entered into a consultancy agreement to provide additional project and operational support, while the Kodal board will now comprise five members including non-executive chairman Robert Wooldridge and CEO Bernard Aylward, underscoring a shift toward a more mature operational and governance structure at the Mali-focused lithium producer.

The most recent analyst rating on (GB:KOD) stock is a Hold with a £0.46 price target. To see the full list of analyst forecasts on Kodal Minerals stock, see the GB:KOD Stock Forecast page.

Spark’s Take on GB:KOD Stock

According to Spark, TipRanks’ AI Analyst, GB:KOD is a Neutral.

The score is weighed down most by weak financial performance (pre-revenue operations, ongoing losses, and negative free cash flow), partially offset by a debt-free balance sheet. Technicals are comparatively supportive with price trading above major moving averages and positive momentum indicators, while valuation remains pressured due to negative earnings and no provided dividend yield.

To see Spark’s full report on GB:KOD stock, click here.

More about Kodal Minerals

Kodal Minerals plc is an AIM-quoted West African mining company focused on lithium exploration, development and production, alongside a portfolio of prospective gold assets. Its flagship asset is the Bougouni Lithium Project in southern Mali, co-developed with joint venture partner Hainan Mining, where a Stage 1 Dense Media Separation plant began producing spodumene concentrate in 2025 and a larger Stage 2 flotation plant is planned for 2028, positioning the company within the global lithium supply chain.

Average Trading Volume: 93,777,609

Technical Sentiment Signal: Strong Buy

Current Market Cap: £86.8M

Learn more about KOD stock on TipRanks’ Stock Analysis page.

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