Kodal Minerals Share Discussion Threads

[highly geared] 26/10/2017 11:44

Failure to publish or commit to a Jorc resource appears a significant factor in the share price decline as we,ve little concrete information on which to value Kod.

[thelung] 26/10/2017 11:20

Seller exhausted?

[greatfull dead] 25/10/2017 13:47

Shujja,

How is it going? All is going good for me.

ED is right, I would get in. I have a shed load of KOD. They don't need a freeze to keep them frozen and fresh. By say Q2 2018, the share price will have gone ballistic.

OT.

Here is one I invested in recently after doing a lot of research -
HZM
HZM 100% owned Araguaia Project is one of the largest and highest grade undeveloped nickel saprolite resources globally.

ATB,
GD

[edgein] 25/10/2017 11:20

Shujja?

Wtf! They're the equivalent of 1.5% of a much smaller lower grade lith discovery. Pretty much all other AIM lith companies have assets better than that. Sell your RBD and get yourself some KOD, they've 100% of all their large discoveries that are likely to get much much larger now that they've started drilling again. Again the focus is on existing and new lith targets. 10,000m shallow campaign started again, lots of holes to be drilled, results and assays to come. It'll be relentless whereas RBD will be stuck with a small indirect interest in a small lith discovery.

Regards,
Ed.

[shujja] 24/10/2017 23:09

RBD guys you need to look at news out any time

[cyrilsneer1] 23/10/2017 22:16

The downward trend is nuts when you think of the market cap (£15 million) based on cash in bank and great lithium drill results. You just have to look at the ASX market with BGS market cap (£45 million) to see how nuts it is. It seems with Chinese money in the bank the board do not need to do any PR, hence the share price drifting. it also doesn't help by stating we will have a JORC immediately in RNS dated in May to Now not until after the current drill campaign. This was slyly added into a great RNS in my opinion.I hold a lot of shares here and won't sell any as I think it will rerate at a rapid rate within the next 3 months.Two questions I wouldn't mind being asked at the AGM:1. Why defer the JORC?2. Who is picking up the costs for the 5000 tonne shipment to China, if it's us then will we get the profit from the spodumene produced?

[mostro] 23/10/2017 20:01

Getting a bit fed up with down down down so added another million shares for the hell of it!!!

[thelung] 23/10/2017 09:30

"accelerating development to meet Li end user demand in 2019"

I think that's what BA is also aiming for

[edgein] 23/10/2017 09:04

GD,

Good man, I had a good weekend too ta.

Skiboy,

Great to see our neighbours drilling again, at least it won't just be KOD going hammer and tongs with the drilling from this week. I'm sure those Australian fellas would be shocked to see our tiny market cap.

Regards,
Ed.

[skiboy10] 23/10/2017 02:07

Our neighbour Birimian put a good RNS tonighthttp://birimian.com/pdfs/GoulaminaDrillingProgramHighlightsAndAccelerated23Oct17.pdf

[greatfull dead] 21/10/2017 16:01

Ed,

Yes, it does sound as if KOD maybe planning on drilling our multiple discoveries again.

That fine by me I have the patience to wait now.

I hope you're enjoying your weekend, I am.

ATB,
GD

[edgein] 20/10/2017 15:44

I wonder has our seller cleared as we're starting to shift a little? Well Skiboy if we have to wait for them to do the next 10,000m of drilling and assays the JORC will just be that much bigger next time around. It sounds as if they're planning on drilling our multiple discoveries again.

Regards,
Ed.

[skiboy10] 20/10/2017 02:35

It's a shame that a JORC is not imminent but no worries here. Well funded and plenty to look forward to over the next 12 months +

[runthejoules] 19/10/2017 22:21

Christ, if they discovered gold under the lithium and TESLA opened a Gigafactory next door this price still wouldn't go up. As the League of Gentlemen would say 'What is wrong wi' people?'

[edgein] 19/10/2017 14:51

Edjge,

Yeah we seem to have a seller at present giving away lots of cheapuns today on good volume. Well there should be plenty of good news to come as that 10,000m will drill a lot of these shallow holes on both the current discoveries and potentially newly identified targets. Well if the market recognises what KOD have then these are highly likely to outperform any ETF and have less risk too. But a Li ETF could do well over the next years too. Serious upside on our £15m cap. Should really be starting this season at 0.5p just marginally above the large Chinese investor that took 20% of the company. But its not the only oversold miner on AIM.

Regards,
Ed.

[edjge2] 19/10/2017 14:37

Edgein that is what I hope to do now. Down day on quite an encouraging RNS?
Chinese financing so co in a hurry to get good news out and seem well LI endowed.
Lithium index in states may do better?

[cpap man] 19/10/2017 11:45

Kodal Minerals* (KOD LN) 0.25p, mkt cap £15.8m – Work plan for Bougouni

Kodal Minerals has outlined its forthcoming programme of geophysical surveying, definition and exploration drilling, metallurgical testing and bulk sampling at its Bougouni lithium project in Mali.
The programme aims to follow up the previously identified targets with infill drilling and test-work, to follow up exploration targets with initial drilling and test the “full production process from run of mine material to saleable lithium carbonate product” with the extraction of a 5,000 tonne bulk sample for test processing in China.
The 10,000m planned drilling programme will start with infill and definition drilling at the Ngoualana deposit and its extensions before moving on to follow up high grade intersections from earlier drilling and sampling at Sogola, Baoule and Boumou.
The planned drilling is aimed at improving the understanding of the geological continuity and structural setting of the core mineralised areas as well as extending the overall footprint of the mineralisation. Although this strategy may ultimately lead to the definition of a larger deposit than current information would justify, the company has disclosed that it is not currently “looking to establish a JORC Mineral Resource estimate. This position will be reviewed at the end of the current field season.”
Testing of drill core already retrieved from Ngoualana “to provide further details on the metallurgical characteristics of the ore as well as a full suite of comminution [crushing and grinding] tests” is continuing in both Australia and in China.
The company is considering its options for contract mining to recover the planned bulk sample for testing in China. “This bulk sample is expected to take three months to mine and transport” and consequently we imagine that initial results from the test processing will not be available until well into 2018. The testing of the full process from ore to a saleable end product should provide valuable technical insights and generate sample product which may help to establish the commercial marketability of possible future output from Bougouni.

Conclusion: Today’s announcement helps give us a timetable for future work at Boubouni. The start of this season’s exploration work should generate a flow of drilling information as infill and extension results become available, however results of the process testing seem unlikely before 2018 and an initial resource estimate is not now planned until after the current field exploration season is completed.

*SP Angel act as Financial Advisor and broker to Kodal Minerals. A partner at share price Angel acts as Chairman to the company.

[edgein] 19/10/2017 09:30

GD,

Very true, great to see them building up to trial mining. Gonna be a very active few months ahead especially if they get results similar to the last round of drilling. Great thing too for the punters is they can currently load up at the bottom and have no excuses when the share price smashes 0.6p again.

HG,

Well they did state early in the year that they'd have a JORC out in '17, but since they lined up that Chinese backer there's not much mention from them since. The maiden resource is usually used to attract financing and backers and inform the market just how huge their discoveries are, even though we can see that from the intersects and grades. JORC's are useful to keep the market aware of what's going on in terms of the scale of the projects. Hopefully they'll still get a resource estimate together as that is the normal first stage and won't cost as much time nor money as going for feasibility. DFS really isn't needed now as we've pretty much nailed a 100% offtake partner. Perhaps if someone from here asks at the AGM about a resource statement they'll hear the current plans. In the mean time we'll just have to prepare ourselves for relentless drill results and assays between now and end of Q1 '18. I'm fully loaded at really attractive prices for the year ahead.

Regards,
Ed.

[cyrilsneer1] 19/10/2017 09:07

That's how I see it, the next RNS (before AGM) will be rock chip samples on the new targets. I expect these to be high grade.

[highly geared] 19/10/2017 09:04

would it be fair to say they aren't bothering with a Jorc estimate as they're confident enough of the deposit size to go straight to trial mining then commercial mining with Chinese funding support as they need the lithium " quick" and don't need to go the traditional jorc, feasibility, BFS route, thus short cutting 2 years off the timetable?

[greatfull dead] 19/10/2017 08:54

Good morning all,

Good to see KOD is now planning to extract a 5,000t bulk sample and export this material to China for test processing. The material will be sourced from the Ngoualana and Sogola prospects. The aim is to complete large-scale testing of the full production processes from run of mine material to a saleable Lithium carbonate product.

KOD is currently reviewing options for contract mining of the sample before shipping it to China. This bulk sample is expected to take three months to mine and transport from commencement date.

Enough said!!!!!!!

The KOD share price is now anticipated to start moving North during the day as the RNS is fully digested by institutions and PI that have been sitting on the fence.


Any guesstimates where we will see the KOD share price in 3 months,6 months and finally 12 months?

Enjoy doing your quick guesstimate calcs today. It would b nice to see guesstimates from various highly intelligent/knowledgeable holders of KOD post their guesstimates calcs results during the day.

GLA Holders and Welcome Newbies.
GD

[edgein] 19/10/2017 08:10

Great to see them starting to drill again next week, 10,000m is a lot of holes in these shallow discoveries and new targets. They may as well put those Chinese $ms to good use.

Regards,
Ed.

[cpap man] 19/10/2017 07:25

Kodal Minerals PLC
Work Programme Commencing at Lithium Project, Mali
RNS Number : 0143U
Kodal Minerals PLC
19 October 2017





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

19 October 2017

Kodal Minerals plc ('Kodal Minerals' or 'the Company')

Major Exploration and Definition Work Programme Commencing at the Bougouni Lithium Project, Mali



Kodal Minerals plc is pleased to announce details of the work programme to be completed at the Company's Bougouni lithium project in Southern Mali ("Bougouni" or the "Bougouni Project") this season. This work programme is aimed at both expanding and defining the lithium pegmatite veins previously identified, and testing new anomalies, including those identified through ground geophysical survey work undertaken over the summer.



Highlights

· Multiple high priority targets will be drilled commencing with the Ngoualana and Ngoualana extension areas to be followed by Sogola Baoule and Boumou;

· Drilling programme is planned to commence next week, with the first stage 10,000m drilling aimed at extension and definition drilling of identified high-grade mineralisation;

· Metallurgical testwork is continuing on samples of diamond core dispatched to China and Australia;

· Bulk Sample of 5,000t is to be mined and shipped to China for further large scale processing testwork;

· Geophysical survey work is continuing to target areas of known pegmatite veining and tracing these into areas of cover and vegetation.



Bernard Aylward, CEO of Kodal Minerals, said: "Kodal is commencing a major work programme at the Bougouni Lithium Project with the aim of both expanding the known areas of mineralisation and conducting definition drilling over previously drilled areas. Since acquiring the Project just over a year ago, Kodal has completed regional first pass exploration and drill tested six areas with very encouraging results at all locations. This next phase of work is designed to build on the results achieved to date and involves drilling, geophysics, metallurgy and bulk sampling. Importantly a number of holes are designed to test targets generated using ground geophysics. If successful this will confirm geophysics as valuable tool in locating extensions to pegmatites under cover.



"Kodal is well funded to undertake this programme and continue the necessary exploration and definition drilling required to assess our very large and prospective landholding. The drilling programme is testing a substantial number of new targets and extensions along with a number of geophysical targets. While the Company is still actively expanding the known areas of mineralisation, we are not looking to establish a JORC Mineral Resource estimate. This position will be reviewed at the end of the current field season."

[thelung] 18/10/2017 10:02

Rainy season over so drilling can now restart.