Kodal Minerals Share Discussion Threads

[donald trumpton] 14/3/2017 15:11

No don't sell anything. Just Buy the dips.

Average Up, average Down. Just do it!

[thelung] 14/3/2017 15:07

There's still a persistent seller putting through round million trades

[runthejoules] 14/3/2017 14:42

So pretty much sell in the morning, buy at support every day, rinse and repeat...?

[cpap man] 14/3/2017 13:33

Kodal Minerals* (LON:KOD) 0.33p, Mkt Cap £17.4m – Exploration update from the Bougouni lithium project

• Kodal Minerals reports that it’s trenching programme on the Bougouni lithium project in southern Mali has encountered a number of high grade lithium intersections.

• The trenching programme comprised 14 trenches totalling 862m, however 5 of the trenches were not sampled “due to extreme weathering”

• Among the results highlighted by the company are:

o 27m at an average grade of 1.38% lithium oxide in trench MDTR005 at the Sogola-Baoule prospect;

o 10m at an average grade of 1.67% lithium oxide in trench MDTR002 at the Filon B prospect; and

o 6m at an average grade of 1.61% lithium oxide in trench KLTR007 at the Orchard prospect

o The work at the Sogola-Baoule prospect, reported above, “outlines an extensive outcropping spodumene rich pegmatite vein with a current strike length exceeding 200m”. Spodumene in a lithium bearing silicate mineral and one of the principal lithium ore minerals.

o The company has also announced that it has started a programme of reverse-circulation drilling at the Sogola-Baoule prospect “planned to target extensions to the excellent results returned from the Ngoualana prospect as well as complete reconnaissance testing of these new priority targets”.

o As well as the trenching results, Kodal Minerals also reports that it has obtained “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”.

Conclusion: We welcome the start of the reconnaissance drilling programme at Sogola Baoule and look forward to results which may provide an initial indication of the scale, geometry and scope of the mineralisation.



SP ANGEL STOCKBROKERS



*SP Angel acts as Financial Advisor and Broker to the company. Robert Wooldridge, a partner at share price Angel is also Chairman of Kodal Minerals.

[cpap man] 14/3/2017 13:30

Birimian Limited (ASX:BGS) A$0.29, mkt cap A$54.6m – Current phase of drilling at Goulamina lithium project in Mali completed

• Birimian reports that, following the completion of its latest drilling programme at the Goulamina lithium prospect in Mali as reported earlier this month, it has updated the estimate to a total of 27.8m tonnes of indicated and inferred resources at an average grade of 1.42% lithium oxide.

• Around 22% of the resource tonnage (6.2mt at an average grade of 1.40% is classified as indicated with the balance as inferred.

• A maiden resource estimate in October 2016 reported a resource of 15.5mt at an average grade of 1.48% of which 6.2mt was reported as indicated at an average grade of 1.40% - the same as in today’s estimate so we estimate that the current update represents an increase of approximately 70% in the contained lithium oxide - entirely as a result of an increase in the inferred part of the resource.

• The earlier estimate included results from 51 drill holes and today’s update brings in an additional 29 holes into the estimate. The company comments that “Approximately 65 holes were pending assay results at the time of the resource estimation and have not been included in the current estimate. These holes include some extensional drilling at Main and West Zone … Further resource expansion and resource category upgrades are likely when this drilling is included in a subsequent estimate which is expected in early May.”

• “Drilling at the Project has paused briefly while the company awaits assay results to undertake further detailed resource estimation work and other resource related technical studies. [and] The next phase of development drilling is currently being planned. This program will be designed to:

o Further upgrade resource categories

o Confirm geotechnical parameters for open pit mine planning

o Confirm plant, associated infrastructure, waste dump and Tailings Storage Facility locations”

Conclusion: Birimian’s updated resource estimate for Goulamina appears to be an interim report with a results from a further 65 as yet un-assayed drill holes to be incorporated in a more comprehensive estimate in May. The addition of these extra infill and extension holes is likely to both increase and firm up the resource classification. We look forward to the May estimate.



SP ANGEL STOCKBROKERS

[cudmore] 14/3/2017 13:29

Buying volume increasing.......should be back into blue territory soon

[tel11] 14/3/2017 12:54

couldn't sell 2285 shares bit earlier, now can sell over 3m @.3111

[donald trumpton] 14/3/2017 12:42

Has to be done.

[cudmore] 14/3/2017 12:30

Tried to resist but topped up on the dip.

[cudmore] 14/3/2017 10:10

Why would the 5m buy showing at 7.56am be showing as the latest transaction at 10.02?

[shujja1] 14/3/2017 10:06

ED I remember you from caspian holdings 12 years ago good to see you still around mate .

[cudmore] 14/3/2017 09:52

This is ready to pop!

[cpap man] 14/3/2017 09:40

Some great posts again this morning [plus the odd [very] FILTERED one!] for which many thanks and KOD bless you all!!!!

[edgein] 14/3/2017 09:03

EG,

Definitely, KOD is a compelling buy, high grades and as barry white posted likely get high grades/excellent grades from the further drilling given what the surface trenching and rock chips have shown at these additional targets. The most advanced Lith company is KENV among the small caps as its about to go into production as a side product. PREM also looks to have a world class African lith deposit for those that don't mind the location risk of that one. But KOD with its current grades and cap I'd currently rank number 1. Not surprising that Singapore/China want in on the cheap before we get more assays and maiden JORC.

Regards,
Ed.

[cpap man] 14/3/2017 08:45

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."

[mrkeysersoze] 14/3/2017 08:43

Look at Birimians updated JORC resource release today.http://www.birimiangold.com/pdfs/High-GradeGoulaminaLithiumDepositResourceExpansion14Mar17.pdf15.5Mt increased to 27.8Mt Along with 228,000 tonnes Li20 increased to 393,000 tonnes Li20Shandong Mingrui Group made an offer for Birimian's Lithium project in January 2017 of $107 AUD £65m on the existing JORC resource of 15.5Mt & 228,000 tonnes Li20. Following today's Birimian announcement the JORC resource has increased by 80%.What's the value worth now?KOD's market cap has some way to go yet....Mr K.

[equity growth] 14/3/2017 08:26

Edgein,Comparing mcaps is indeed striking v BGS v a certain European concern, the latter with not only a fraction of the BGS resource but with vastly inferior % concentrations.

[john2017] 14/3/2017 08:12

Good luck mr K I hope you recover the money due.Was in Nigeria many years ago so I know how they operate financially.

[pwhite73] 14/3/2017 08:06

John2017

No it was EEL (Equator Exploration). He never listened to me then and he's not listening to me now. Though I do commend him for his efforts in trying to obtain compensation for the shareholders that lost everything.

KOD

As predicted all the drill results will be excellent and encouraging. Your money is required to support the £4.3 million placing.

[mrkeysersoze] 14/3/2017 08:06

John,Yes, I run the Equator Share Liaison Group...Mr K.

[john2017] 14/3/2017 08:05

I am trying to do a dummy sale to test the market and can't sell a bean? Anyone else having trouble doing a dummy sale or perhaps it's my broker?

[edgein] 14/3/2017 08:05

Great to see these guys drilling again and maintaining momentum to prove up these additional highly prospective targets identified by the trenching. Gonna be a very busy weeks and months ahead as they get these assays in and the JORC lined up. Amazingly low cap still, no wonder they're being hunted from Singapore/China.

Regards,
Ed.

[john2017] 14/3/2017 08:03

Sorry I meant to say now I am guilty of typos!

[john2017] 14/3/2017 08:03

Sort Equity I meant to say company post wrong not yours