Kodal Minerals Share Discussion Threads

[thelung] 19/3/2018 08:56

Morning Ed. I've the smallest of hopes that "has started exporting samples" could refer to the bulk sample and not just assays, given BA's comments in the share talk podcast at 4:40 that the bulk sample would be "finalising...oh..commencing", but I doubt it. I feel BA has progressed things further than he is currently letting on :-)

[edgein] 19/3/2018 08:11

Thelung,

Interesting find chap, so I guess they must be looking for the best route for the shipping of the bulk sample. We should be starting to dig that out very soon.

Regards,
Ed.

[thelung] 18/3/2018 18:08

Kodal, which has started exporting samples of lithium extracted in Mali, is hesitating between having the metal evacuated through Senegal or the Ivory Coast.

[cpap man] 14/3/2018 11:35

Lithium - Chinese battery maker takes controlling stake in Quebec lithium project

China's largest battery maker, Contemporary Amperex Technology has taken a large controlling stake in a lithium project in Quebec, as companies rush to get access to supplies of the key raw material

The Ningde based company is rapidly expanding its production of electric car batteries with aim of becoming the worlds largest producer by 2020 and is set to raise $2bn through an Initial public offering in China this year

Amperex has bought 36.6m shares of North American Lithium from Chinese company Jilin Jien Nickel Industry to make it controlling shareholder with over 90% of shares

[uen_investor2] 07/3/2018 09:08

UEN all the rage now.

UEN made the radio.. Double bottom in place. BUY! 166p target

UEN Featured on VOX today, target £1.65p, suggests good entry point at current levels.

Comment starts on 35 mins



UEN buynote released... 1 MM left on offer..

www.branduk.net

Summary

"Summary: Although the UEN share price drifted lower for the majority of 2017, the developments at the South Dagi oil prospect has seen shares double in value in a very short space of time. As I would expect with oil E&P stocks, the low VectorVest RS rating may see cautious investors look elsewhere, but nonetheless, UEN fundamentals, earnings growth and current valuation gap all add up to a highly attractive oil sector play at this moment in time. Buy.

Dr David Paul"

[edgein] 07/3/2018 09:06

Ged,

Thanks for posting that here, very comprehensive article and spells things out pretty clearly and folks can start to understand why KOD and SAV are top on grades and low impurity spodumene. Their cost of development due to the grade and quality will be less. Also very shallow pit developments. No wonder that both are pushing for scoping studies and near term feasibility. I can see KOD lining up more Chinese deals for their offtake and development etc. But it'll be interesting to see who DA at SAV lines up as he talked about some of the car manufacturers in a recent interview when discussing the current lith market. Both of these companies could be taken at a snip at present given their assets.

Regards,
Ed.

[ged5] 06/3/2018 20:29

Thanks to Salvegrumio elsewhere. Some familiar names sharing their views. SAV, KOD BCN SQM, Lithium-X and Wealth minerals all represented. I'm sure others will find it interesting if not useful.

[edgein] 05/3/2018 12:10

Joules,

Yeah its one to trade for sure, I bought back in after it settled after the 0.36-0.38p spike. My average is a little higher than today if I don't count my previous profit. Quite happy to hold for 0.5p+. The price of lithium will be globally based, its not solely Africa for KOD. The offtake will be with the Chinese, probably end up being Lithium carbonate production in Mali to be exported rather than long term concentrate production (that might be just phase 1). Some of the LC may be used in the African markets but it'll probably mainly be used in offtake with the Chinese.

Hyper,

Yes they'll soon move to get that bulk sample out. This will be one of the first AIM listed lith companies that's fast tracking towards production the other is SAV.

Dexter,

Calm down fella, I hadn't seen that share price Angel update until Cpap posted it. They're probably filling orders at this level while the price is away down here. News flow is going to be continuous over the summer while drilling is ongoing. Many more assays still to come plus the bulk sample. Cheers for posting that Cpap.

Regards,
Ed.

[datait] 05/3/2018 10:35

pap why do you have to copy and paste do you think we cant see it ffs.

Think this will spike upwards as showing delayed trades why ?????????

[cpap man] 05/3/2018 10:30

Kodal Minerals* (KOD LN) 0.21p, mkt cap £13.5m – Further high-grade drilling results from Bougouni lithium project

Kodal Minerals continues to report good quality drill results from the Ngoualana prospect at its Bougouni Lithium project in Southern Mali.

Among the highlights reported today is a single metre intercept from a depth of 43m in an unspecified hole at an average grade of 7.15% Li2O and a number of wider intersection with grades in excess of a cut-off grade of 1% Li2O, including:

26m averaging 1.67% Li2O from a depth of 83m in hole KLRC086, which also included a shallower, 5m wide intersection averaging 0.92% Li2O from a depth of 75m; and
10m averaging 1.43% Li2O from 84m in hole KLRC087B which also contained a deeper section of mineralisation 16m wide from 119m depth averaging 1.59% Li2O; and
intersections of 11m and 12m averaging 1.27% and 1.64% respectively from depths of 81m and 125m in hole KLRC088; and 8m averaging 1.59% from 79m depth in hole KLRC089 with a deeper intersection of 19m from 123m in the same hole averaging 1.68% Li2O

The company points to the high spodumene and low mica content of the lithium mineralisation at Bougouni as comparing “favourably with other hard rock spodumene mineralised pegmatite veins under development around the world where grades range from 1.1% Li2O to 1.4% Li2O”.

Conclusion: The wider, relatively high grade multiple mineralised intersections reported today may, in due course, provide the basis for bulk open-pit mining of more than one mineralised horizon a low waste:ore, relatively shallow pit. We look forward to an initial mineral resource estimate at an appropriate time as a guide to the scale of the opportunity.

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

[runthejoules] 05/3/2018 09:10

Glad to hear you're still in Edge. Yeah, requires a lot of patience or less of it - sell on the spikes, buy the dips. Too much patience & should have sold the day it went to over 0.38p. But now is a good entry point given everything. Africa will need electric cars, especially with the amount of sun they have for cheap solar power. This is a bet on Africa and EVs, I hope it will come good. GLA.

[edgein] 05/3/2018 08:37

joules,

well at least it'll count as experience for you, perhaps you would be best suited to producers. Take little THR mining for example, very few were interested when it was capped at just £4m, massive assets. Then sentiment changed and it went from 0.6p-4p+ in short order because the market started to recognise its assets. Similar is likely to happen here when they keep pumping news out like this. They've an offtake partner here already with the Chinese, significantly high grades and therefore gonna have exciting economics for the shallow discoveries. The Chinese were happy to pay 0.38p for £millions late last year so that showed the value in KOD at the time, since then they've made substantial progress. I'm quite happy to wait until that gets reflected in the price, either by a bidder as you suggest or by market recognitiion whenever that comes. But you are correct in that investors in small cap miners require a lot of patience. When the assets are high quality, just like KOD's, patience often pays off quite handsomely, especially as they've already got Chinese interest in their assets at significantly higher prices.

Regards,
Ed.

[runthejoules] 05/3/2018 08:16

Absolutely brilliant results and down 1.23%. This stock never ceases to amaze me in how much it disappoints me.

The good news is there's loads of great lithium on our patch.

The bad news is lithium is everywhere.

One minite the media says there's a shortage, the next a glut.

All I know is I wish I'd either stayed out of miners or just invested in existing producers like albermarle.

Come on Suay Chin, do us a favour and take this over. You can have mine for 0.35p.

[datait] 05/3/2018 07:51

Great news seems I was just in time lol.

[edgein] 05/3/2018 07:45

Wow,

It just gets better and better. Not only are they finding up to 7.15% lith they've found a new discovery to the south with widths up to 30m and its all shallow too! Great assays yet again, its handy that they're now finding even higher grade ore as the concentrate they plan to produce is 6% lith, some of this ore is now higher than that! I thoguht PREM was very high with around 4% in some holes but KOD have almost doubled that. Only a matter of time before we get some of the 2018 drilling assays as this takes us up to the end of 2017. This just keeps getting better, the new discovery will certainly add to the potential tonnage.

Regards,
Ed.

[cpap man] 05/3/2018 07:30

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

5 March 2018

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



Continued High-Grade, Shallow Lithium Mineralisation at Ngoualana Prospect and Assay Results up to 7.15% Li2O

Bougouni Project, Southern Mali



Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to provide this update on drilling progress at the Company's Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project"). The Company is now reporting assay results for the final 19 holes drilled in 2017.



Highlights

· Ngoualana prospect continues to return high grade lithium mineralisation.

· Very high grade individual assays up to 1m at 7.15% Li2O

· 19 drill holes are reported today with high grades intersections of consistent pegmatite mineralisation up to 1.68% Li2O targeting the infill and extension drilling of the main prospect

· Multiple mineralised pegmatite intersections in drill holes and shallow depth intersections including:

o 1m at 7.15% Li2O from 43m;

o 26m at 1.67% Li2O from 83m;

o 10m at 1.43% Li2O from84m and 16m at 1.59% Li2O from 119m;

o 8m at 1.59% Li2O from 79m and 19m at 1.68% Li2O from 123m;

o 1m at 7.15% Li2O from 43m;

· Ngoualana strike length extended to over 850m and remains open along strike.

· Extension drilling has intersected a new zone of pegmatite up to 30m in width - this will be a priority target for additional drill testing



Bernard Aylward, CEO of Kodal Minerals, said: "Drilling at the Ngoualana prospect has delivered consistently encouraging and predictable results, giving us great confidence for further drilling, extensions and for the assessment for future development. The presence of shallow high-grade mineralisation is very positive, and this new pegmatite intersection located to the south of the main body is extremely encouraging. Our drilling will focus on defining this new zone and we are also reviewing our geological mapping and geophysics to attempt to follow this new zone and determine the relationship to the main zone.



"We have a further 17 drill holes in the lab for analysis that have been focussed on exploration and extension targets. We are continuing with the major exploration campaign and will include further geophysical studies to attempt to locate new zones of pegmatite intrusions and mineralisation. We remain fully funded to continue with our work programme, and further assay results will be reported as soon as they become available."

[cyrilsneer1] 01/3/2018 13:51

Fund, enlighten us please mate. Institutional investors?

[fund55] 01/3/2018 13:24

BA is currently in London updating investors . Feedback so far has been v positive

[edgein] 01/3/2018 10:58

Cyril,

Cheers for your answer. It'll be interesting to see how these compare as you suggest, agreed a jorc should be following along with this years drilling. These knock down prices shouldn't last that many more months. We might be seeing the early signs of the re-rate already. They should be trading at a decent premium to the 0.38 that the Chinese paid as the area drilled has increased substantially since.

Regards,
Ed.

[edgein] 01/3/2018 09:54

Cyril,

So do you think KOD will eventually have a scoping study in excess of what BGS have? From that post earlier there's certainly noises that we've a more economic resource due to shallow and very high grade/low impurity.

Regards,
Ed.

[cyrilsneer1] 01/3/2018 09:52

Ed,BGS will publish a revised PFS with at least a 40% reduction on the PFS released. Even now they have a plant that will be economically sound. We just need a JORC and point to there revised PFS and the market will substantially rerate this share. Watch this blow.