Kodal Minerals Share Discussion Threads

[cpap man] 28/9/2017 14:03

From share price Angel's morning notes....

Lithium

Northvolt and ABB have signed a memorandum of understanding to build Europe’s largest lithium-ion battery factory in Sweden to cater to the growing demand for electric cars
Will be based on close collaboration on development of battery solutions and R&D activities and will start production in 2020

[cpap man] 28/9/2017 14:02

James Dyson is going to build an electric car by 2020

The major car companies should be afraid given Dyson’s impressive track record for inventing game-changing consumer products.
Dyson’s disruptive technological innovations have made Dyson one of the UK’s leading technology companies with £2.5bn of sales last year.
Dyson is committing £2bn to solid-state battery technology and vehicle design.
We wonder if the next Dyson offering might be a bagless car powered with centrifugal blowers and a fluff free option.

[greatfull dead] 28/9/2017 09:39

Ed,

Too true, the next 12 months will be really very interesting. For me now its just sit back and wait. Money allowing I may add more if one of my otherS springs a good surprise.

ATB,
GD

[edgein] 28/9/2017 09:23

GD,

Good man, I've added more to my holding both yesterday and today, got lots of these now as I've retained by core holding waiting for the JORC. They may hold off on the 2017 resource estimate until they get the next round of drilling done. Nice to see the reminder in the finals of exactly what they've encountered to date. Amazingly small cap too for one of the hottest commodities right now, not surprising main focus is on the lith expo. Tiny EV here and a huge asset and very shallow discovery, gonna be a very interesting 12 months ahead.

Regards,
Ed.

[greatfull dead] 28/9/2017 09:17

GEE, I AM GLAD A SHED LOAD YESTERDAY.

GLA,
GD

[edgein] 28/9/2017 09:12

"This will be a very exciting year for development at Bougouni and we anticipate being able to continue to add significantly to the value of the Lithium Projects."

Can't wait and that was a very strong set of financials to they ended the period with £1.7m cash and during the current financial year added another £4.5m of Chinese money. 10,000m already drilled and I'd guess they'll do similar with their very busy exploration programme planned. Might even get some gold progress too even with the focus on the very hot lith assets. All about to kick off here again soon.

Regards,
Ed.

[cpap man] 28/9/2017 07:50

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



28 September 2017



Kodal Minerals plc ("Kodal Minerals", the "Company" or the "Group")



Final Results and Notice of AGM

Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to announce its audited final results for the year ended 31 March 2017.

The Company's Annual Report and Accounts is being posted to shareholders later this week and will be made available on the Company's website www.kodalminerals.com. It will contain notice of the Annual General Meeting of the Company to be held at Fieldfisher LLP, 9th Floor, Riverbank House, 2 Swan Lane, EC4R 3TT at 12.00 p.m. on Tuesday 31 October 2017.

Chairman's Statement

Kodal Minerals began a year of significant change and development with the acquisition of a suite of ten West African gold licences (together the "Gold Projects") which was announced in April 2016 and completed in May 2016. This was followed by the subsequent acquisitions of six exciting lithium exploration licences (together the "Lithium Projects") in southern Mali by way of three separate transactions announced in August, September and November 2016.

The Lithium Projects are referred to as the Bougouni Project and the Diendio Project. These acquisitions strengthened our focus in West Africa and further expanded the range of minerals in which the Group is interested. In particular, the Bougouni Project, acquired in September 2016, has been particularly successful for the Company with our exploration programme continuing to demonstrate high-grade lithium mineralisation. We have completed two drilling programmes at the Bougouni Project, with a total of six prospects tested. Drilling has consisted of reverse circulation ("RC") drilling and diamond drilling, with a total of 76 RC drill holes for 10,260 metres completed and 5 diamond drill holes for 362 metres completed. In particular, the Ngoualana prospect within the Bougouni Project looks extremely exciting with the strike length of the mineralised zone currently confirmed at 650 metres. This zone remains open along strike and has yielded multiple high-grade intersections including 28 metres at 1.96% lithium oxide ("Li2O").

The Company has been very successful in securing its financial position through a series of equity fundraisings during the year. In May 2016, we raised £0.7 million in connection with the acquisition of the Gold Projects. Subsequently, we completed a capital raising in October 2016 of £0.75 million to support the initial acquisition of the Lithium Projects, then a further placement of £1.0 million in January 2017 to expand the lithium exploration programme and continue to delineate the high-grade lithium mineralisation. Most significantly in March 2017, the Company announced an initial investment of £0.5 million by Singapore based investment company Suay Chin International Pte Limited ("Suay Chin"), followed in May 2017 with the conclusion of a formal subscription agreement with Suay Chin for a further £4.3 million investment in the Company together with a binding off-take term sheet covering the Group's lithium production from the Bougouni Project. This subscription agreement is continuing, with Suay Chin having completed staged investments since the year end for a total of £4.0 million, bringing its total investment to £4.5 million out of its overall committed investment of £4.8 million. Suay Chin is now the largest shareholder in the Company, with a holding of 18.92%.

While our focus is currently on the rapid definition of the extent of lithium mineralisation at our projects in southern Mali, the Company has maintained the suite of West African gold assets acquired in May 2016. In Côte d'Ivoire, the joint venture projects with Resolute Mining Limited ("Resolute") and Newcrest Mining Limited ("Newcrest") are continuing. Resolute has been very active in the Nielle licence, located in the north of Côte d'Ivoire, where a new surface gold anomaly has been defined. It is anticipated that Resolute will continue to explore this area in the coming year, and is expected to complete first pass reconnaissance drilling. Newcrest has continued with the auger drilling programme on the Dabakala licence, located in central Côte d'Ivoire, and continues to assess the area.

For those Gold Projects held outside the joint ventures, Kodal has maintained its licences in Mali and Côte d'Ivoire, and during the coming year will continue to review the exploration data and explore ways for the Company to advance these prospective areas most effectively.

Outside West Africa, the Group has maintained its Norwegian phosphate and titano-magnetite project ("Kodal Project") during the year and continues to evaluate opportunities for it. Following an impairment review at the other Norwegian project, the Grimeli copper project, the Company has fully impaired this asset and expects to relinquish these licence areas.

During the year, the Company also completed changes to the Board of directors, with the resignation of former Chairman David Jones and my stepping up from non-executive director to Chairman. The Company is looking to strengthen the Board, and when the Suay Chin placement is completed, Suay Chin will have the right to appoint a director who will assist the Company in its growth plans.

We are looking forward to the year ahead as we have a very busy exploration programme planned, which is concentrated on our lithium Bougouni and Diendio Projects. We will continue drilling at Bougouni with the aim of targeting extensions and providing definition to the known mineralised zones and looking to identify new prospects. With the support of our major shareholder, we will continue with the metallurgical testing of our lithium mineralised zones and review the plant and processing requirements to allow the production of a spodumene concentrate suitable for marketing to China-based end users. This will be a very exciting year for development at Bougouni and we anticipate being able to continue to add significantly to the value of the Lithium Projects.

We look forward to being able to report back to you during the year on developments.

Robert Wooldridge

Non-Executive Chairman

27 September 2017

[greatfull dead] 27/9/2017 14:15

Ed,

Lets all hope so.

ATB,
GD

[edgein] 27/9/2017 13:56

On Target,

I guess so, last I read about Mali was the rainy season ends in October. I guess any time now if they're getting persistently dry weather there's nothing stopping them as they're still cashed up and we're already at the end of September.

Regards,
Ed.

[on target] 27/9/2017 13:02

The wet season seems to have dried up as far as I can tell looking at weather reports. If so drilling could resume any time now?

[edgein] 27/9/2017 12:57

On target,

Yes they've enough drilling info for a substantial maiden resource with over 5000m drilled during the year. PREM got their maiden resource from around 2500m drilled. So KOD have ample info and some very large intersects. So lets be having some large numbers and further drilling which we know is coming after the wet season.

Regards,
Ed.

[on target] 27/9/2017 12:51

KOD need to update shareholders and the market as to what's going on.

I suspect they will very soon.

[cpap man] 27/9/2017 11:20

From share price Angel's morning notes....

Lithium – Rosatom, the Russian nuclear company is looking to lithium following the recent collapse in uranium ore prices –

Clean Commodities Corp announce discovery of distinct lithium rich boulder field
Completed inaugural field program at its Juliet Lithium project identifying prospective mineralized boulder field with assays up to 1.65% Li20
Company successfully acquired 2,594 Ha of additional tenure in expansion of the project

[cpap man] 26/9/2017 11:15

From share price Angel's morning notes....

Lithium – Rosatom, the Russian nuclear company is looking to lithium following the recent collapse in uranium ore prices –

Rosatom plans to get 30% of its revenue from businesses outside nuclear energy by 2030 and is in talks to revive Soviet-era lithium mine which was halted in 1990’s
The interesting bit is that nuclear energy and uranium prices may well rise as consumers use more energy for their new electric vehicles

[goneawol] 25/9/2017 11:03

We should get an update soon as accounts are due this week.

[edgein] 25/9/2017 09:17

Skiboy,

Thanks for the new thread and the interesting info, good timing as we approach another busy drilling period for the company. I cannot wait to see the maiden resource here when you remind us of some of the intersects and grades from the recent drilling (post 3 of 5). Tonnage here should be very impressive once it comes out and before they expand on that with the rest of the drilling this year. I have a feeling the news drought is coming to an end here soon. Would be excellent if they could get a maiden resource out before they commence drilling again.

Regards,
Ed.

[skiboy10] 25/9/2017 00:23

New moderated thread here

[skiboy10] 24/9/2017 18:51

Edgein 1 Sep '17 - 11:23 - 3567 of 3610 4 0
Dingo,

Agreed, maiden resource will address our tiny cap and that's just the start, the company is sitting on $m of Chinese money waiting for the rains to clear and the drilling to continue. The discoveries are pretty much open in all directions ready to continue to expand.

Regards,
Ed.
Edgein 5 Sep '17 - 09:28 - 3568 of 3610 2 0
Market is surprisingly quiet on these at the moment given what lies ahead and frankly could appear at any time. The company said earlier in the year they were looking to get a maiden resource out in 2017. PREM for example got their maiden resource out on just 2500m of drilling, KOD to date has done over twice that at slightly higher average grade too. More than enough drilling data to establish a maiden resource figure that can be expanded upon when drilling shortly recommences. A few bargain hunters appear from time to time even though the company has now greater upside than it did when it hit 0.6p early this year.

Regards,
Ed.
cyrilsneer 15 Sep '17 - 09:37 - 3569 of 3610 1 0

Edgein, people are missing the trick here also. KODs cut off grade is 1% PREMS is 0.5%.
cyrilsneer 15 Sep '17 - 09:42 - 3570 of 3610 1 0

Also KOD are only reporting on minimum 5m thick sections, most other lithium stocks are reporting 2m minimum. DYOR but in my opinion it's only a matter of time before people take notice.

[skiboy10] 24/9/2017 18:43

Why The Lithium ETF Is Up 58% This Year

September 19, 2017

Sumit Roy

Usually, lithium is one of those commodities you don't hear much about. It doesn't trade on a futures exchange like other metals and the demand for it is relatively modest. It doesn't have the importance of industrial heavyweights like copper and aluminum, or the cachet of gold.

But that's changing quickly. The silver-white metal is suddenly the hottest commodity of the year, with prices trading near all-time highs on fears that supply won't be able to keep up with demand in the coming decade as the production of electric vehicles surges.

The sole lithium exchange-traded fund on the market, the $530 million Global X Lithium & Battery Tech ETF (LIT), is up 58.1% year-to-date and one of the fastest-growing ETFs, with inflows of $305 million so far this year.



YTD Return For LIT


Skyrocketing Demand

It's easy to see why investors are suddenly so eager to jump on the lithium bandwagon. Demand is expected to skyrocket in the next several years as car manufacturers ramp up the production of electric vehicles. Lithium is a key component of lithium ion batteries, such as those used in electric cars like the Tesla Model S and the Tesla Model 3.

Data from Bloomberg New Energy Finance shows that annual global electric vehicle sales may increase from less than 1 million units this year to 24.4 million units in 2030.

Analysts at Morgan Stanley estimate electric vehicles will account for 9.4% of new vehicle sales in 2025 and 81% of new vehicle sales in 2050, up from 1.1% this year.

Push Toward EVs

The push toward electric cars comes even as oil prices trade at a fraction of their peak levels. Concerns about the climate are pushing individuals and governments to move toward electric vehicles over their fossil-fuel-burning counterparts despite the higher current price tag.

This year, Britain and France pledged to ban the sale of all gasoline and diesel-fueled vehicles by 2040, while Norway has an even more ambitious target of ending sales by 2025. Earlier this month, even China hinted it is considering a similar phasing-out of the internal combustion engine.

"We have reached an inflection point in electric vehicle adoption that can completely change the equation for lithium demand," said Jay Jacobs, director of research for Global X Management Company.

"Tesla’s Gigafactory in Nevada will reportedly produce more lithium-ion batteries annually than were produced in total in 2013, and will be the largest factory on the planet. The sense of scale occurring here is enormous, and is being driven by significant anticipated demand," he added.

A single electric vehicle can require as much as 10,000x as much lithium as the average smartphone, which had previously been a significant force for lithium demand, Jacobs noted: "There’s also another source of growing demand from renewable energy storage, which we are just scratching the surface of right now."



Supply Deficit

With lithium demand projected to grow so fast, the challenge for the industry is bringing enough supply online to meet it. Roskill, a metals consultant, estimates lithium carbonate equivalent supply must increase from 227,000 metric tons this year to 785,000 metric tons in 2025 to keep up with demand.

The firm expects supply to miss that target by 26,000 metric tons, leading to a deficit. It's projections like that that are driving lithium prices to new heights this year.

“The uncertainty on the supply side is driving prices up and making investors nervous,” Daniela Desormeaux, CEO of Santiago-based lithium consulting firm SignumBOX, told Bloomberg. “We need a new project entering the market every year to satisfy growing demand. If that doesn’t happen, the market will be tight.”

Australia is the largest lithium producer in the world, while Chile holds the largest reserves.

According to Bloomberg, there are 20 new lithium production sites planned, compared to the 16 currently operating, but the first new mine won't open until 2019.

Bull vs. Bear

While most analysts believe it will be a struggle for lithium supply to keep up with demand, not everyone is bullish. Mark Cutifani, CEO of miner Anglo American, sees supply overtaking demand.

“There are a lot of projects out there, and they’ll end up oversupplying the market,” he said.

Global X's Jacobs counters that it will take a while before the impact on prices is felt and that producers can thrive, regardless.

"While there are significant projects underway to ramp up production, we do not believe it will have a major impact on prices for a while,” he noted. “And once they do hit the market, perhaps it’s a downward pressure on spot lithium prices, but lithium producers can still potentially grow earnings through the increases in volume."

Sole ETF Option

For investors looking to buy into the lithium growth story, there's only one ETF option: LIT. The fund isn't what some people would call a "pure play" on lithium because it holds not just lithium producers, but lithium users such as Tesla.

Top holdings of the ETF include FMC Corp., Albemarle and Chile's Sociedad Quimica y Minera, which are three of the four largest producers in the world. Together, they make up 47% of the fund.

Samsung SDI, a battery manufacturer, accounts for about 7% of the fund, and Tesla, the carmaker, represents around 6% of the fund.

"There’s no such thing as a pure-play on lithium prices because there is no one standardized lithium contract," Global X's Jacobs said. "In many respects, the industry operates more like a chemicals industry than a mining industry."

"Rather than looking at lithium like a commodity, we view it as a technological theme playing on the rise of electric vehicles, personal electronics, and renewable energy storage,” he added. “As such, LIT is designed to capture the broader theme by including lithium miners and battery producers, both of which we believe will benefit from rising demand for batteries."

[skiboy10] 24/9/2017 18:29

New moderated KOD thread

[cpap man] 24/9/2017 17:55

KOD bless you my son for the new KOD thread!

[skiboy10] 24/9/2017 17:45

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