Kodal Minerals Share Discussion Threads

[leebong] 04/11/2014 14:19

Here is an share price Angel broker report about the recent copper mine discovery:

Kodal Minerals* (LON:KOD) – High grade copper assays returned from Grimeli Upper mine sampling

• Kodal Minerals reports high grade copper assays from channel sampling at its Gremeli mine in Norway.

• The Kodal team have accessed the mine and have sampled pillars left behind in old mining areas (stopes)

• The samples should give a representative view of the copper grade mined from the Grimeli Upper mine when it was mined in 1917. The mine was shut shortly after due to a fall in copper prices and the effects of WWI.

• Results include
o 7.24% over 1.74m stope width. This is a remarkably good grade over this width for an old mine area.
o 4.93% Cu over 1.02m,
o 4.89% Cu and 0.5m
o 4.19% Cu over 0.5m

• We would expect the miners to have tried to leave behind a minimum amount of copper within the pillars supporting the roof

• The Company is now planning a drill program to test the extent of the mineralised zone to the east, west and below the current sampled area.

• Results indicate mineralisation widths of around 1.5-2m indicating suitable stope widths for modern mining.

• Geophysical work shows a 3.2km long magnetic anomaly which may indicate potential for copper mineralisation to run some way along this length. If this is the case then Kodal may have a new mine on its books.

www.proactiveinvestors.co.uk/columns/sp-angel/17232/todays-market-view-including-caledonia-mining-mariana-resources-stratex-international-international-ferro-metals-and-others-17232.html

[leebong] 04/11/2014 14:15

Beaufort Securities reiterated their speculative buy rating on shares of Kodal Minerals PLC (LON:KOD) in a research report sent to investors on Tuesday morning.
Shares of Kodal Minerals PLC (LON:KOD) opened at 0.26 on Tuesday. Kodal Minerals PLC has a one year low of GBX 0.22 and a one year high of GBX 2.75.

The stock has a 50-day moving average of GBX 0.32 and a 200-day moving average of GBX 0.41. Kodal Minerals plc is engaged in acquiring or discovering and developing mineral assets. The Company’s Kodal Project is located in the Vestfold county of Norway and the boundary between the Andebu and Larvik municipalities crosses the project area.

[leebong] 03/11/2014 18:44

Here are some basic facts about the Kodal Business essential reading for investors:

• 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 minesKODAL 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] 03/11/2014 18:38

Here are some basic facts about the Kodal Business essential reading for investors:

• 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 minesKODAL 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] 03/11/2014 16:52

The company has 1.5 million pounds funding raised from the listing last January and the three mines are open cast while the other copper mine is mining underground in an historically successful spot dating back to 1922.

[pugugly] 03/11/2014 16:43

Grade Ok but underground mining in high labour cost country with apparently narrow veins and therfore high levels of country rock (waste) to be extracted. Would be a different matter if could be open pitted.

One to watch but probably best avoided (imo) at the moment unless using VERY HIGH RISK funds.

[moreforus] 03/11/2014 16:21

cwap weaction to good news....again!

[dan554] 03/11/2014 10:08

Very Good news :).

[leebong] 03/11/2014 08:44

The news flow is developing...1.7km of high grade ore in addition to the 2 million tons already known. High grade copper prices are in excess of $7000USD/ Ton making these finds are highly valuable and significant for this small development company.