Kodal Minerals Share Discussion Threads

[instig8tor] 07/10/2014 14:55

Yes and glad about that, I have bought all that up in recent days.

[ryan83] 07/10/2014 14:54

well a 5m sell today.

[leebong] 07/10/2014 14:02

Ryan83 - another rally will soon change that.

[ryan83] 07/10/2014 12:41

under £3m market cap now.

[leebong] 06/10/2014 14:22

In a couple of years time once the mines have been established this company might be worth 15p/ share. Whatever the price the business has very good prospects.

[leebong] 06/10/2014 12:28

• Kodal Minerals has two licence groups in Norway. Kodal phosphate and iron in the south and Grimeli copper in the west

• The Kodal Project is an advanced resource project which will produce phosphate and iron concentrates

• The Kodal Project has a JORC compliant indicated and inferred resource

• The Grimeli project is a copper, and possibly zinc, exploration project

• The Grimeli licences cover two historic mines`

KODAL MINERALS PLC 3 Kodal Project Overview

• The deposit is 1.9 km in length, with a consistent “Main Zone” thickness of 20 m

• The lower grade “Transitional Zone” that surrounds the Main Zone averages 50m in thickness

• Work conducted by Kodal in 2013 has established that both a 41.8% P2O5 concentrate and a 62.04% Fe concentrate can be produced

• A JORC Indicated Mineral Resource of 14.6Mt at 5.18% P2O5 and 24.12% Fe; with an Inferred Mineral Resource of 34.3Mt at 4.59% P2O5 and 20.38% Fe is reported

• CPR completed by CSA Global (UK) Ltd (“CSA Global”) in 2013 Local Geological Map of the project KODAL MINERALS PLC 4 Kodal Project Update

• Kodal Minerals applied for a total of 7 exploration licences surrounding the main deposit in 2013. These licences covered approximately 20 km2

• The exploration licences were mapped in spring 2014. The final results of this mapping have yet to be delivered.

• An application has been prepared and submitted to the local municipalities requesting a change to the Area Land Use Plans. This is the first step toward building a mine.

• The company has commenced environmental and social baseline studies. These are the precursor to a full Environmental and Social Impact Assessment.

Technical work

• All exploration licences mapped

• The Company engaged Knight Piésold Limited to propose a tailings storage solution

• The Company received approval in principal from the Directorate of Mining to
backfill the mine. This option might allow a very low impact operation.

• Backfilling will be considered as part of the engineering studies
Social work

• Area Land Use Plan change application submitted
• Documentary style film of the project being created. This will be in Norwegian
• Public meetings to be held once the film is available
• Regular contact is ongoing with local residents.
• Social impact assessment is underway Resource estimation
• All the environmental baseline studies are ongoing and initial indications are
positive.

• The social impact assessment is also ongoing and initial comments are that the
project seems to have low conflict levels with existing land users given the size of the project.

The results of the Area Land Use Plan application should be available in Q4 2014 or Q1 2015. If approved these signify political support at municipal level If the Area Land Use Plan change is approved a considerably more detailed application needs to be submitted for a change on the municipal zoning plan.

• It is hoped that all the components of the baseline studies will be completed by the end of 2014. These will guide follow on work in 2015.

• The majority of work in 2015 is expected to focus on planning, social impacts and the environment.

• The planning process in Norway is relatively formulaic and has, in part, prescribed timelines. The company needs to submit various applications during the review period of the appropriate documents.

•Kodal Minerals was awarded 3 exploration licences covering 30 km2 in western Norway

•The area was identified during a review of Norwegian public databases

•An initial site visit in July 2014 confirmed the area was of geological interest and so applications were submitted

 Kodal Minerals has been awarded three exploration permits which cover a total of 30 sq km including two previously producing copper mines, Grimeli in the west and Vågendal in the east.

The larger Grimeli copper mine is located 300m from the coast and was operational for three extended periods from 1759 and 1920

The Vågendal copper mine is located 7 km to the east of Gremeli and was mined between 1871 and 1880

It is thought that the mines produced a very high grade hand cobbled ore for direct smelting

The Norwegian Geological Survey (“NGU”) completed surface geophysics over the copper mines in 1979 and 1981 and calculated non-compliant estimates of approximately 1.5 million tonnes of ore at Grimeli and 700,000 tonnes at Vågendal;

• The NGU geophysics in the west (Grimeli) seems to have identified multiple parallel conductors. They are generally extending to the east.

• It is thought that none of these have been drill tested

The geophysics in the east has identified a conductor over the old Vågenda mine and extending westward.

Grimeli Project Update – Next Steps

Compete a detailed surface survey

Mark the locations of the NGU conductors on the surface and attempt to identify them

Map and update the geology maps of the area

Complete a structural geology survey of the area

Experiment with ground geophysics with a view to a possible airborne survey

Enter the old mines as far as safely possible

Channel sample, map and survey

If the results of the sampling are positive then consider drilling under the old workings at Grimeli

The decision to focus on Grimeli initially is based solely on ease of access

[leebong] 03/10/2014 15:16

The company is expecting to get a Change of Land Usage permit and an Environment Impact Assessment Permit,in this quarter.

[siddle] 03/10/2014 14:45

It will be interesting what happens when the company Rns's the findings of Norway government's resource report, one which has already been posted here. The resource is of excellent quality. I believe the company are just compiling the various bits for release..

[harebridge] 03/10/2014 09:59

Ryan- A £3 million market cap company with £1.5 million in cash. A great recovery play too.

[ryan83] 03/10/2014 09:49

agree harebridge. Will wait for any dips to add now.

[camelot101] 03/10/2014 09:20

Strike price improved from 0.435 to 0.44

[harebridge] 03/10/2014 09:08

Those last two top ups of just under 1 million were mine. Wasn't easy to get in yesterday. Steadily building up a position here. I like the story here & impressed with who is on the board of this tiny company. Some big guns there....

[leebong] 03/10/2014 09:07

The market is just realising the huge potential of these dormant high grade copper and iron ore mines.

[camelot101] 03/10/2014 09:02

L2 just changed 2 v 2, could go blue soon.

[leebong] 03/10/2014 07:48

Kodal looks set to open higher at 0.45p....perhaps a good omen.

[ryan83] 02/10/2014 19:37

Yep nice buy

[harebridge] 02/10/2014 18:45

A very sneaky 2,000000 buy @ 0.43 just before the finish02-Oct-14 16:29:57. 2,000000 Buy 0.43

[siddle] 02/10/2014 15:47

Have a read of these projected figures from Kodal and it will make you wonder how the share price has got to this level. I realise it's a fairly new company and perhaps it's well under the radar..Phenomenal upside here from this level.Throughput – 1.6mtpa220,000tpa of 41.8% phosphate P2O5 worth $41.8m – $26.4m assuming $190/t (expected price) – $120/t (price for low quality phosphate)660,000tpa of 62.5% iron concentrate worth $39.6mpa at $60/t at local port.By product magnetite iron ore for sale into China. Potential to add value to the base case iron ore priceDCF $327m on pre-capex on the $190/t price for higher grade phosphate according to management estimate.Kodal was drilled by Norsk Hydro with verification drilling done by Kodal to show a 1.9Km length deposit of 20m thickness.

[siddle] 02/10/2014 15:31

The brokers are though..

[ryan83] 02/10/2014 15:17

surely your not suggesting a 10 bagger;-)

[siddle] 02/10/2014 15:13

Except the two brokers who have targets of 3p and 4p.. Plenty upside from here.

[ryan83] 02/10/2014 15:00

well Siddle, all the reports so far suggest 2p +

[siddle] 02/10/2014 14:56

Seen Ural today.That's what will happen here when report is released..

[makday] 02/10/2014 14:54

I am makday only and no one else! Let TOPINFO not kid you! He is a ramper!!!