Kodal Minerals, which mines lithium at Bougouni in Mali, signed a binding agreement on 19 October to earn up to 80% of the Asamankese lithium project in Ghana, about 75 kilometres from Accra. Kodal paid $300,000 for an initial 10% and can reach 80% over about five years with staged spending of $12.75 million tied to a resource estimate and a feasibility study; drilling should start before the end of 2026. Its sampling found 95 of 164 rock samples above 1% lithium oxide. On the same day, President John Mahama told a mining conference that Ghana will phase out exports of unprocessed minerals, including lithium, by 2030, so any future mine would need to process its ore locally.
Sources
- Kodal Minerals (RNS): https://www.investegate.co.uk/announcement/rns/kodal-minerals–kod/kodal-to-explore-asamankese-lithium-project-ghana/9828259
- Graphic Online: https://www.graphic.com.gh/business/business-news/kodal-minerals-secures-right-to-acquire-up-to-80-of-ghana-lithium-project.html
- Agence Ecofin: https://www.agenceecofin.com/actualites-industries/1910-142547-lithium-apres-sa-premiere-mine-au-mali-le-britannique-kodal-prospecte-au-ghana
- MINING.COM (Bloomberg): https://www.mining.com/web/ghana-plans-to-ban-raw-mineral-exports-by-2030-president-says