Kodal Minerals Share Discussion Threads

[equity growth] 14/3/2017 07:14

One wonders whether KOD is now in play after those trades yesterday. With continued good news flow as seen again this morning striking sooner than later might save a lot of £££££££!

[cpap man] 14/3/2017 07:05

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

14 March 2017

Kodal Minerals plc

('Kodal' or 'the Company')



Wide High Grade Trench Intersections and Rock-Chips from Bougouni Lithium Project



Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to announce the results of the recently completed trenching campaign and update on high-grade rock chip samples returned from the on-going exploration programme at the Bougouni Lithium Project ("Bougouni" or the "Project") in Southern Mali.



In addition, the Company announces the commencement of reverse circulation ("RC") drilling at the Project with drilling planned to target extensions to the excellent results returned previously from the Ngoualana prospect as well as complete reconnaissance testing of these new priority targets.



Highlights

· High grade intersections include:

o 27m at 1.38% Li2O in trench MDTR005 at the Sogola-Baoule prospect

o 10m at 1.67% Li2O in trench MDTR002 at the Filon B prospect

o 6m at 1.61% Li2O in trench KLTR007 at the Orchard prospect

· Sogola-Baoule prospect outlines an extensive outcropping spodumene rich pegmatite vein with a current strike length exceeding 200m

· The trenching programme consisted of 14 trenches for 862m. Five trenches were not sampled due to extreme weathering.

· High-grade rock chips up to 2.52% Li2O returned from pegmatite samples at the newly defined Boumou prospect and trenching confirms extensions of pegmatite, however highly weathered rock was not sampled.

· RC drilling has commenced at the Sogola-Baoule prospect to outline the extent of high-grade mineralisation

· RC drilling will then target the Ngoualana prospect where previous drilling confirmed wide, high grade mineralisation up to 28m at 1.84% Li2O - drilling will thentarget strike extensions, test depth continuity and define the high grade mineralised zones



Bernard Aylward, CEO of Kodal Minerals, said: "We have achieved consistently positive results from trenching and rock-chip sampling at our Bougouni Lithium Project, further highlighting the significant prospectivity of this asset. Drilling has now commenced at the high-grade Sogola-Baoule prospect and, once completed, as part of our accelerated development schedule, drilling will commence immediately thereafter at the priority Ngoualana prospect. This on-going exploration programme is designed to support our strategy of developing a mining hub at Bougouni based on multiple high-grade lithium pegmatite veins within the Project area.



"The recent investment by Singapore based Suay Chin International Pte Ltd, as announced on 10 March 2017, underscores the potential of the Project, and the due diligence review has commenced to support completion of the Stage 2 placement of up to £4.3 million. We continue to work closely with Suay Chin to ensure that the review is completed satisfactorily in the short timeframe allowed. We expect to maintain a very busy exploration campaign with drilling and metallurgical test work."

[equity growth] 13/3/2017 22:33

Reads well - just out re near neighbour BGS:"ASX Announcement 14 March 2017High-Grade Goulamina Lithium Deposit Resource Expansion? UpdatedGoulaminaMineralResource;27.8 Mt @ 1.42 % Li2O (393,000t contained Li2O)? Interim resource estimate confirms substantial high-grade, near surface expansion to Project resources? Resource category upgrades and further resource additions expected following inclusion of pending drill results due early May 2017? Strong potential to add significant tonnages of shallow, high grade lithium mineralisation with further drilling? Pre-FeasibilityStudyontrackforJune2017quarterBirimian Limited (ASX:BGS; "Birimian" and "Company") is pleased to report an updated Mineral Resource estimate for the Goulamina deposit, at its Bougouni Lithium Project in Mali.The Mineral Resource at Goulamina now comprises 27.8 Mt @ 1.42 % Li2O, for 393,000 tonnes of contained Li2O (Table 1). This nearly doubles the previous estimate for contained lithia and further confirms Goulamina as among the highest grade, hard rock lithium deposits of significant size globally today."

[cpap man] 13/3/2017 21:55

Holdings [in KOD] RNSs tomorrow?!?!?

[gunner71] 13/3/2017 21:14

welcome mr k , rather nice share price on nemaska lithium , do you feel that this will be played out to the pi advantage or will the end game see it sold out at a low ball offer if it goes that way , can you see pennys on the share price for kod this year either way ??

[thelung] 13/3/2017 21:02

Will do, and yes thanks, just waiting for the clocks to change so I can get a cheeky 9 holes in after work. Let's see KOD break 0.6p before DJ puts on the green jacket

[mrkeysersoze] 13/3/2017 20:48

The Lung,I'm very good thanks mate, I trust likewise?Have a look at a TSX listed company called Nemaska Lithium huge market cap in comparison to both KOD & Birimian.Mr K.

[thelung] 13/3/2017 20:25

Evenin' Mr.K hope all's well with you.

I like your theory, and clearly the dd period is just to verify the battery grade calibre of KOD's Li before Suay Chin fire the starting gun - but if they are already positioning themselves to take us out, then it's far too early for my liking!

Take a look at ASX:LTR - 19 maiden holes just completed at their 100% owned Kathleen Valley project and their grades are 3% - assays due in the next fortnight. Also just started drilling at Lake Percy with 2% grades over a 100m wide pegmatite...and they have multiple other projects including a gold asset in your favourite country :-)

[bulgarian] 13/3/2017 18:55

Ok, so who are the Lithium customers / consumers? Geographically. Can't just be China surely?

And presumably there are other factors like economics of production / supply of this mineral to the market?

China might have reserves, but how economical to produce?

[cpap man] 13/3/2017 18:50

"Anecdotal evidence indicates there is a supply shortage of lithium feedstock in China"

"Chinese firms are positioning themselves ahead Tesla's ramp-up"



10/03/2017 - Proactive Investors

[pwhite73] 13/3/2017 18:48

They are not. That China is seeking lithium from anybody and anywhere is a Market Maker fuelled bulletin board lie.

Speak Later

[bulgarian] 13/3/2017 18:45

Don't shoot! I put some money in here on a punt recently.

Just googled worldwide lithium reserves and apparently China have 3.2M tons of lithium reserves after Chile in pole position.

why are the Chinese so interested in plays outside of their home territory?

[pwhite73] 13/3/2017 18:44

cpap man "From speaking with KOD's house broker S P Angel the only real large seller was [stress was] Pelamis"

If they did tell you that it would be a serious breach of the Data Protection Act.

[cpap man] 13/3/2017 18:40

Reckon that those trades are from Friday TheLung but due to their size only reported today.

From speaking with KOD's house broker S P Angel the only real large seller was [stress was] Pelamis....

However perhaps they were approached by our CHINESE or other CHINESE and tempted to sell another 300M?

Remember that for every seller there is always a buyer!

[mrkeysersoze] 13/3/2017 17:41

Hey there The Lung, long time no speak mate.

Have a read through my earlier post and in particular the point I made of Suay Chin attempting to get to a 30% holding which would enable them to trigger an offer. I most certainly don't wish to see any offer materialize around this price though.

Interesting that if you add both trades together they are bang on 300m dead!!

Tetra had 250m less the 15m they sold leaving 235m so if I had to put my money on it I would confidently say we are seeing the last of the Pelamis holding being sold. It wouldn't surprise me if Suay Chin or a related 3rd party had possibly approached Pelamis whilst the price was around the low 0.0020's to attempt to purchase their holding hence the 0.0028 price. It is becoming more clear that there has been a falling out between KOD Steinepreis & Pelamis IMO , with Steinepreis & Pelamis trashing the share price until Aylward put a stop to that by triggering the orderly market conditions.

Pealimis retained as of the 23rd Feb 469m shares which was a 9% holding prior to the issuing of a further 166m to Suay Chin in the 10th March £500k placing ,therefore diluting their holding marginally.

So 469m - 300m = 169m shares which equates to +/- less than a 3% notifiable holding now.

We will see the Chinese making their move IMO very soon.

Mr K.

[thelung] 13/3/2017 16:33

The we get 5m at 0.32p to close followed by another 2.5m chucked away at 0.28.

Curiouser and curiouser :-)

[thelung] 13/3/2017 16:31

Who would sell 300m at 0.28p at this stage?

Tetra had 235m before their restructure

Pelamis had 470m at the time of their orderly market agreement announced earlier this month

Hopefully Suay Chin have just picked up a futher 5% of the company

[1he calculator] 13/3/2017 16:22

No, it's part of today's cumulative volume. At least now it's out of the way and we should go up towards 1p in due course.

[thelung] 13/3/2017 16:21

Not from Friday

13-Mar-17 16:05:11 0.28 125,892,857 Sell* 0.30-0.32 352.50k

13-Mar-17 16:04:57 0.28 174,107,143 Sell* 0.30-0.32 487.50k

Maybe it's PWhite?

[cpap man] 13/3/2017 16:08

Think that the circa 126M and 174M are late reported trades from Friday?

[1he calculator] 13/3/2017 16:08

It should go now, the trades are shown now.

[donald trumpton] 13/3/2017 16:08

Much better to Buy KOD this side of 1p. Mind you, beyond that, averaging up will have to done I expect!