Kodal Minerals Share Discussion Threads

[edgein] 01/8/2018 08:49

The lung,

Good to see them focus on the modern PR avenues such as twitter, they just joined this month it seems.

Regards,
Ed.

[edgein] 01/8/2018 08:19

I did say yesterday that I'd wait for something to come in before taking more, couldn't resist this morning as "by September", may mean before September. So I took another couple of mill this morning just in case he slips that JORC out this month. Don't want to miss that one that we've been waiting for around a year now. Gonna be the most significant RNS in KOD's history.

Regards,
Ed.

[thelung] 31/7/2018 13:08

The worm may be turning

[edgein] 31/7/2018 12:36

Cyril,

I agree fella, added some more here again last week in preparation of the JORC. Might take some more soon depending on other holdings. The JORC should slap some sense into our market cap.

Regards,
Ed.

[edgein] 31/7/2018 12:34

Cyril,

Good point, my mistake, even better 35,000m drilled at high grade. Should be showing some very interesting JORC numbers once its all put together. Could also get some more of the assays into the JORC as they come in before September. Also drilling some diamond holes this month, not sure if they'd be assayed in time for the JORC though, but good for the metallurgy and firming up the reserve category.

Regards,
Ed.

[cyrilsneer1] 31/7/2018 12:32

We're looking at a monster Jorc and tie-up with BGS imho.

[cyrilsneer1] 31/7/2018 12:30

Ed, in total they have drilled 35000m, the 26000m was for the last drill season. Link to new presentation

[edgein] 31/7/2018 12:01

The Lung,

Yes he certainly did say "by September" in that recent interview.

Regards,
Ed.

[edgein] 31/7/2018 11:49

Its quite possible that the share price will recover back to the 0.2-0.3p region on anticipation of the large JORC to come. Back when these were at 0.3p before the licence dispute arose it was drilling pretty much just Ngoualana and that was the main discovery. Now the new licences have been issued and since then they've significantly expanded on the discoveries at Boumou and Sogola-Baoule, S-B is now over 1.4kms in length and they think it also continues North East towards Boumou. This is major progress compared to when they were at 0.3p. £10m for the gold assets and lith is just silly, the gold assets are likely to be worth more than that going forwards as they're shallow and high grade. For goodness sake the Chinese have invested £6m into getting 29% of KOD and half of that cash has drilled 26,000m. Crazy AIM and their overselling. It'll be good to see these return to 0.3p, although there is a high possibility of that getting smashed on the JORC. SAV and PREM both had JORCs out on 9-16Mt from 9-10,000m drilled (KOD 26,000m and still continuously drilling JORC pending).

Regards,
Ed.

[thelung] 27/7/2018 09:32

In the webcast yesterday BA confirmed JORC before AGM

The Investor Evening is on 5th September

The AGM is on 6th September

[cpap man] 27/7/2018 07:50

Why attend if you have got absolutely nothing to say?!?!?

JORC!?!?!

[skiboy10] 27/7/2018 06:37

Shares Investor Evening (London)Wednesday 5 September 2018Join Shares and AJ Bell for an evening of investment inspiration and get to meet the decision makers behind some of the UK's fastest growing listed companies.The event on 5 September 2018 in London will include: • Presentations from Directors of companies to be announced• An opportunity for you to talk directly with the Directors and ask your questions about the company's core strengths and their short & long term business strategy • Meet fellow investors and share your investing experience• Complimentary drinks and food More about the companies presenting: Anglo Asian Mining (AAZ) is a gold, copper and silver producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company has a 1,962 square kilometre portfolio, assembled from analysis of historic Soviet geological data and held under a Production Sharing Agreement modelled on the Azeri oil industry. Kodal Minerals (KOD) primary focus is the development of its Bougouni Lithium Project in Southern Mali – an emerging lithium province which has already attracted the attention of investors and off-take partners seeking to secure long-term supply of strategic commodities including lithium.Who Should AttendThe evening is a perfect opportunity for existing shareholders or potential investors to hear from those that matter, the directors running the companies and fund managers managing their fund. Who better to explain the future potential and strategy. Evening timings18.00Registration and coffee18.30PresentationsBill Morgan, CFO - Anglo Asian Mining (AAZ)Bernard Aylward, Chief Executive Officer - Kodal Minerals (KOD)+ More to be announced20.35Drinks reception and canapés21.30Closehttps://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-0509

[edgein] 26/7/2018 15:58

With both PREM and SAV geting PEA/scoping study out on around 14-15Mt showing values into the hundreds of $m I'm expecting something similar here. Make the market cap of this little cashed up explorer look ridiculous. I'm expecting the JORC here to be at least similar to the others with the feasibility to follow. None of that includes what looks like decent gold assets here too.

Regards,
Ed.

[skiboy10] 26/7/2018 15:54

Expect the herd to arrive soonish

[thelung] 26/7/2018 14:42

"looking to have something by September this year"

[skiboy10] 26/7/2018 13:45

JORC in September according to the webcast

[edgein] 26/7/2018 10:47

Gone,

Thanks for posting that, September gonna be an interesting month then according to BA.

Regards,
Ed.

[cpap man] 25/7/2018 10:55

Kodal Minerals* (KOD LN) 0.135p, Mkt Cap £10.4m – Final results and operations review

Kodal Minerals reports a loss for the year ended 31st March 2018 of £0.86m (2017 – loss £1.18m) as it advances its Bougouni lithium project in southern Mali towards a maiden JORC resource estimate which is expected during the autumn of 2018.

During the year company completed a total of 199 reverse-circulation (RC) drill holes totalling 24,426m, largely at the Ngoualana (66 holes for 7,894m), Sogola-Baoule (75 holes totalling 9,632m) and Boumou (41 holes totalling 4,597m) prospects. In addition, 6 RC holes (947m) have been drilled at Filon B and 11 holes (1,356m) at the South Bougouni prospect. Assay results are still pending for the final holes of the recent drilling at Sogola-Baoule.

South Bougouni, located 3km south of the town of Bougouni, was identified during January 2018 as a result of geological mapping and sampling and the initial work has “confirmed that the zones of interest are up to 30m in width. Follow-up drilling is planned to target along strike of the identified veins, to target extensions to the mineralised veins and to complete reconnaissance testing of the areas under shallow transported cover.”

The 2017/18 drilling programme has brought the total drilling completed to date on the Bougouni prospects to 275 holes (34,686m) of RC drilling and 5 diamond-drill holes totalling approximately 362m.

Work is underway on the extraction of a 5,000t bulk sample, with approximately 1,200t recovered so far. The sample is intended to furnish mining and processing data for the continuing evaluation of the project.

Currently, the company is well funded with cash of £3.6m as of 20th July 2018.
The work programme for 2018/19 is focussed on further exploration and infill drilling at Bougouni, including diamond drilling to help establish “key information on geological controls and ground conditions for planning of open pit mining operations at our advanced prospects. In addition, metallurgical testing of the Sogola-Baoule and Boumou prospects is also planned to ensure compatibility of all areas in a proposed mining hub development with a central plant treating ore from multiple sites.” Environmental assessment work at Bougouni is continuing and the company plans “preliminary work at the Diendio Lithium Project in southern Mali”.

Commenting on what was described as “a very busy year”, the company statement confirmed that “we expect to complete a maiden mineral resource estimate in the autumn of 2018. In addition to our advanced prospects, we have also been able to continue drilling at a range of exploration prospects as we continue to build a pipeline of prospects that will support future mining development”.

Conclusion: Kodal Minerals has advanced the Bougouni project to the point where an initial mineral resource estimate is expected during the autumn and has identified additional exploration targets. Metallurgical and permitting work is continuing with a bulk sample currently being excavated for further testing.

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

[thelung] 25/7/2018 10:11

Glass half full for me on progress of the bulk sample prior to the rains, and on the choice of language used with reference to JORC - likely / expected / potential / expected

"we now have three advanced prospects at Ngoualana, Sogola-Baoule and Boumou which are likely to form the basis of our maiden mineral resource estimate expected in the autumn of 2018"

"It is expected that the results will support the Sogola-Baoule prospect contributing to the Company's JORC mineral resource estimate for Bougouni."

"The Company is reviewing the Boumou prospect for the potential to define a mineral resource to contribute to the Company maiden JORC Mineral Resource estimate."

"The Company has completed an extensive drilling campaign and defined advanced prospects that are expected to form the basis of a JORC compliant maiden resource estimate."

Autumn 2018 in Northern Hemisphere will begin on Sunday, 23 September and ends on Friday, 21 December

[edgein] 25/7/2018 08:15

Man that's a lot of drilling, 24,000m of shallow holes this season brings us now to a total of around 35,000m drilled and they still have £3.5m in the bank! That's a lot more continuous drilling. They raised £5.9m in total from SC so with expo and admin costs have only spent around £2.4m of that so far to drill extensively. Now is the time to get as many cheapuns as you can before the autumn JORC. PREM established a maiden resource from around 9000m of holes, SAV from similar. KOD are going to include all three major discoveries in their maiden resource statement, gonna be an eye opener given the grades they have so far. I wouldn't be surprised if BGS tried a paper offer for KOD given the location of these discoveries.

Regards,
Ed.