Kodal Minerals exits Nielle gold concession as licence expires

Kodal Minerals said the licence for its Nielle gold concession in Côte d’Ivoire has expired and a requested exceptional renewal was not accepted, leaving the AIM-listed explorer with no interest in the ground. The licence was first granted in 2014 for three years, renewed twice for three-year terms and given a two-year exceptional renewal in 2023. Market impact is likely limited to Kodal’s asset base and investor sentiment toward the company’s West African gold exposure; the development is unlikely to move global gold prices. Investors may reassess Kodal’s project pipeline and timelines while the company pursues other opportunities or appeals processes where available.