Kodal Minerals Share Discussion Threads

[on target] 21/6/2018 17:08

I would agree, except we could have said the same last year about Bougouni (and did), yet there is still no JORC there.
This is KOD we're talking about, who seem to have an aversion to JORCs for some reason.

[edgein] 21/6/2018 17:00

"We look forward to further news as the remaining assays become available and to the forthcoming initial mineral resource estimate."

Oh definitely, will be good to see what that amounts to.

On target,

They've done plenty of drilling now on all these targets to get them included in the JORC. Both PREM and SAV drilled considerably less holes to get maiden resources published. With this years drilling on SB it should be more than enough. They can upgrade those to Indicated with further update/upgrades. But should have more than enough to give indiated and inferred on these targets. Must be pushing somewhere between 25-30,000m drilled on all these shallow targets now. They finished the last season on around 15,000m. SAV and PREM reported after drilling around 9,000m. Similar depths to KOD too. Personally I'm expecting the maiden JORC to cover all targets, with next years drilling to infill and extend those for further reserve upgrades.

Regards,
Ed.

[on target] 21/6/2018 11:23

Sounds like no JORC at S-B until next year

"Exploration drilling will also focus on infill and definition work as well as continue to test for extensions to the target zone. This drilling is expected to commence as soon as possible following the conclusion of the rainy season."

[cpap man] 21/6/2018 10:40

Kodal Minerals* (KOD LN) 0.14p, mkt cap £9.5m – Sogola-Baoule extended to 1.4km

Kodal Minerals reports that results from the recent drilling programme at Sogola-Baoule has extended the known strike length of mineralisation to over 1.4km while still remaining open both laterally and at depth.

Assay results for a further 22 holes are still awaited, however today’s announcement highlights intersections from 19 holes, including:

A 13m wide intersection averaging 1.76% Li2O from a depth of 117m in hole MDRC066, which also intersected 1.29% over 5m from a depth of 55m and 15m averaging 1.19% from 70m;

A 13m wide intersection also averaging 1.76% Li2O from a depth of 123m in hole MDRC073, which also intersected 1.22% over 7m from a depth of 83m;

A 22m wide intersection averaging 1.58% Li2O from a depth of 110m in hole MDRC082, which also intersected 1.46% over 6m from a depth of 76m; and
A 20m wide intersection averaging 1.43% Li2O from a depth of 34m in hole MDRC083

Geological interpretation suggests that the additional intersections may represent hanging-wall and footwall veins and that, particularly in the case of the hanging-wall vein, these may possibly converge with the Main vein at depth. The drilling is also providing an improved understanding of the relative movements of previously identified offsetting faults which displace the mineralised zones.

“The next phase of exploration at Sogola-Baoule will incorporate diamond drilling to allow detailed geological logging, metallurgical testwork and geotechnical review of ground conditions to be incorporated in a mining assessment”

In addition to the drilling at Sogola-Baoule, the company reports the completion of 41 drill-holes (4,597m) at the Boumou prospect which lies 3.5km to the northeast. At this stage assay results from this drilling is still awaited. “The drilling programme targeted a wide zone of outcropping pegmatite veins and has confirmed a consistent pegmatite vein extending for over 400m with downhole intersections up to 25m being returned from the drilling”.

Conclusion: As drilling progresses, the geological interpretation of the Sogola-Baoule mineralisation is evolving and the significance and movements of previously announced faulting is becoming more thoroughly understood. We look forward to further news as the remaining assays become available and to the forthcoming initial mineral resource estimate.

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

[edgein] 21/6/2018 08:38

Hyper,

Yeah, wide open to takeover given the cap and the assets here as we approach the EV boom. Market is sleepwalking when it comes to the news the company is releasing. The new find they think is at least 400m with widths of around 25m. So similar to Sogola-B and its just 3.5kms apart, maybe much closer when they keep drilling along the Sogola-B strike which is open. JORC and scoping study are needed here as you say, just make sure you're fully loaded before that happens. This last 6 months of news and drilling is suggesting where these two are heading. As BA reported 6% Li concentrate prices now $800-950/tn up from the previous pricing mentioned in KOD's releases of $600/tn. Obviously that 50% increase in price is significant when it comes to scoping study and development and we're not even in the EV boom times yet.

Regards,
Ed.

[cpap man] 21/6/2018 08:15

Bernard Aylward, CEO of Kodal Minerals, said: "The Sogola-Baoule prospect is continuing to grow in our ranking and we are expecting to receive further mineralised intersections over the next few weeks. The development of this prospect demonstrates the positive results of our exploration approach and at the end of a very busy drilling season, we now have three advanced prospects at Ngoualana, Sogola-Baoule and Boumou. These prospects will form the basis of our initial project assessment and potential for the development of a "mining hub" at Bougouni. In addition, we have undertaken exploration drilling at Bougouni South and regional testing at Ngoualana that continue to develop our pipeline of exploration targets to further grow our project.



"We expect this strong news flow to continue during the next quarter with results returning from our completed drilling and from the metallurgical testing and bulk sampling that has been happening in parallel as we look to fast track Bougouni towards a decision to mine in the near term."

[edgein] 21/6/2018 08:02

Good lord! Our secondary target is now 1.4kms in length and continues to grow, more excellent grades in there. Csnnot wait to see the JORC when it arrives as its gonna contain these discoveries. Gonna be building up some substantial tonnage over these distances how long can this tiny cap last before the market realizes the scale of KOD's assets?

Regards,
Ed.

[swiss tony] 18/6/2018 17:03

If you were the Chinese and had to pay a premium for your original investment, what would you do? Yup, force the company to help you average down, so you stay invested.
I am out for now, but will be getting back in at anything around 13p, which in a year will look very cheap, IMHO.

[edgein] 12/6/2018 12:18

Dexter,

Why did I buy more KOD at 0.135 yesterday, because its easy money from this point. KOD were flush before the raise yesterday so why be greedy? Well because imo it was SC's idea that's why. They wanted 29% of KOD as they've two large high grade high quality discoveries. One over 1km strike the other fast approaching that too. These are insanely valued and almost 1/2 or 1/3 cash at yesterdays low. So it was the right time to buy and I was patiently waiting for it to hit the low which it did. Now they're funded into next years drilling season. Well past the current deluge of assays still to come, well beyond the JORC and most likely beyond the mining licence. Also EIA preparation underway and KOD working with the mining authorities for the ML. Plenty of cash, lots of news due and a ridiculously low market cap compared to its assets. When you take into account current gold assets and cash there's next to nothing in this cap for the lith discoveries that keep getting bigger. Upcoming JORC will show how much there is at this stage. Assays, JORC, completion of EIA, ML and eventual scoping study as they fast track to production. That's why I bought yesterday morning. And there's plenty of choices out there for cheapuns I even put SRSP and KOD ahead of buying more KEFI so that says it all.

Regards,
Ed.

[cpap man] 12/6/2018 09:10

Cheap KOD going fast!

[datait] 12/6/2018 07:19

Ed why now when you can soon get them for .13