Kodal Minerals Share Discussion Threads

[cpap man] 23/1/2019 11:15

Not being rude but have to say that KOD really do look poised like a spring coil....

[cpap man] 22/1/2019 09:45

KOD are blue again and the KOD thread is dead - long live the KOD

[cpap man] 21/1/2019 15:55

KOD I love you!

[skiboy10] 18/1/2019 13:17

Kodal Minerals plans larger operation at Bougouni in Mali07:51 18 Jan 2019Latest drilling confirms the consistency of mineralisation says juniorDrill results have been consistently strongKodal Minerals PLC (LON:KOD) is considering a larger mine at its Bougouni lithium mine in Mali following another strong set of drill results.The junior is now eyeing an initial 1.2 mln tonne a year processing plant, expanding to 1.5 mln tonnes pa as the operation moves into a steady production phase.Recent assays contained lithium at grades between 1.2% and 1.7% at Sogola-Baoule and 1.04% at Boumou.Assay results are pending for a further 2,732 samples with a mineral resource estimate update expected by the end of February.Bernard Aylward, chief executive said the drilling at the end of last year had confirmed the continuity and robustness of the lithium mineralisation at Bougouni. "This gives us great confidence as we continue to fast track our development plans for the Project. "As such, we are in the process of completing a Mineral Resource estimate update that will include all drilling results to date as we look to confirm a long term mine life. "The opportunity highlighted by these continuing good results is that we are now able to assess our proposed operation parameters and factor in a larger mining operation with an initial 1.2Mtpa processing plant, expanding to 1.5Mtpa as the operation moves into steady production phase."

[dmitribollokov] 18/1/2019 11:25

h t t p s://www.brrmedia.co.uk/broadcasts/5c41aee551686d432824a000/kodal-minerals-bougouni-lithium-project-update


"You can be assured there's much more news to come from our project"

Let's hope it's thick and fast!

[cpap man] 18/1/2019 10:45

Kodal Minerals* (KOD LN) 0.175p, Mkt Cap £13.4m – Bougouni drilling results

Kodal Minerals has released further results from its 2018 drilling of 3,808m of diamond-core (DD) and reverse-circulation (RC) drilling in 23 holes programme at its Sogola-Baoule lithium project in southern Mali and the results of the final diamond drill hole of the campaign at the nearby Boumou project.

Infill and extension drilling at the Sogola-Baoule prospect has verified the existing geological interpretation and confirmed that the mineralisation remains open both along strike and at depth, making it a priority target for further work.

Although assay results remain pending for 18 RC holes at Sogola-Baoule, the company highlights a number of intersections from the 7 RC and 3 DD holes announced today:

A 26m long intersection at an average grade of 1.24% Li2O from a depth of 73m in hole MDRC115B;

An 18.5m long intersection at an average grade of 1.52% Li2O from a depth of 99.3m in hole MDDH007; and

A 14m long intersection at an average grade of 1.43% Li2O from a depth of 142.5m in hole MDDH008.

The company points out that hole MDDH006, which intersected 3m at an average grade of 1.28% Li2O from 126.07m and an additional 0.5m averaging 1.87% Li2O from 146m depth “is located to the northeast of the prospect and is interpreted to have intersected a fault zone. Review of the ground magnetics does highlight potential geological offset in this region, and further drilling will target an area further to the northeast.”

The final diamond drill hole of the 2018 campaign at Boumou, KLDH006, which is located in the northern part of the prospect intersected “multiple pegmatite veins consist[ent] with the geological interpretation”; including:

1.5m averaging 1.48% Li2O from 56.55m depth;
1m averaging 1.43% Li2O from 59.55m depth;
1m averaging 1.34% Li2O from 81.15m depth;
2m averaging 1.40% Li2O from 117.77m depth;
7.5m averaging 1.04% Li2O from 130.30m depth; and
9.5m averaging 1.04% Li2O from 142.80m depth.

Commenting on the latest drilling results, CEO, Bernard Aylward said “The drilling programme completed last year at the Sogola-Baoule and Boumou prospects has confirmed the continuity and robustness of the lithium mineralisation at Bougouni”

Mr. Aylward went on to confirm that an updated mineral resource estimate, incorporating all of the drilling results “is on track for delivery at the end of February 2019”. We remind readers that the current estimate, classed as inferred, stands at 17.3mt at an average grade of 1.20% Li2O.

He also commented that as a result of “these continuing good results is that we are now able to assess our proposed operation parameters and factor in a larger mining operation with an initial 1.2Mtpa processing plant, expanding to 1.5Mtpa as the operation moves into steady production phase”

Conclusion: The Bougouni project continues to deliver wide intersections of >1% Li2O assays and the company expects to deliver an updated mineral resource estimate by the end of February. The company hints that this may be at significantly greater tonnage than the existing estimate in its decision to examine the operating parameters of an increased throughput of 1.5mtpa.

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

[thelung] 18/1/2019 08:43

They're poised to fund the further development, not a buy out

[cpap man] 18/1/2019 08:40

Chinese are by all accounts POISED with their money....KOD bless you all!!!!

[dingo75] 18/1/2019 08:00

Strong RNS.

[cpap man] 18/1/2019 07:55

Bernard Aylward, CEO of Kodal Minerals, said: "The drilling programme completed last year at the Sogola-Baoule and Boumou prospects has confirmed the continuity and robustness of the lithium mineralisation at Bougouni. This gives us great confidence as we continue to fast track our development plans for the Project. As such, we are in the process of completing a Mineral Resource estimate update that will include all drilling results to date as we look to confirm a long term mine life. This is on track for delivery at the end of February 2019.



"The opportunity highlighted by these continuing good results is that we are now able to assess our proposed operation parameters and factor in a larger mining operation with an initial 1.2Mtpa processing plant, expanding to 1.5Mtpa as the operation moves into steady production phase.



"With this in mind, we are continuing to map out a development programme and will be looking to provide an update to the market on our recent activity and engagement of specialised Engineering contractors to work with Kodal and support this development schedule in due course."

[dmitribollokov] 18/1/2019 07:47

Yeah i liked that Al, they seems pretty confident.


Really like this bit “we are continuing to map out a development programme and will be looking to provide an update to the market on our recent activity and engagement of specialised Engineering contractors to work with Kodal and support this development schedule in due course.”


They seem pretty confident funding isn’t going to be a problem.

[cpap man] 18/1/2019 07:35

It must be Friday - KOD an' chips!

[hyper al] 18/1/2019 07:25

Full steam ahead!

" "The opportunity highlighted by these continuing good results is that we are now able to assess our proposed operation parameters and factor in a larger mining operation with an initial 1.2Mtpa processing plant, expanding to 1.5Mtpa as the operation moves into steady production phase.

"With this in mind, we are continuing to map out a development programme and will be looking to provide an update to the market on our recent activity and engagement of specialised Engineering contractors to work with Kodal and support this development schedule in due course." "

[cpap man] 18/1/2019 07:25

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



18 January 2019



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



High-Grade Lithium Intersections for the Sogola-Baoule and Boumou prospects,

Bougouni Lithium Project, Southern Mali



Kodal Minerals, the mineral exploration and development company focused on the Bougouni Lithium Project, is pleased to report further high-grade assay results for the diamond drilling and reverse circulation ("RC") drilling completed in November and December 2018 at the Company's 450km2 Bougouni Lithium Project in Southern Mali ("Bougouni" or "the Project").



Highlights

· Sogola-Baoule prospect focused on infill and extension drilling of the defined mineralisation and continued to high grade mineralisation:

o 18.5m at 1.52% Li2O from 99.3m in drill hole MDDH007

o 14m at 1.43% Li2O from 142.5m in drill hole MDDH008

o 26m at 1.24% Li2O from 73m in drill hole MDRC115B

Including 13m at 1.70% Li2O from 86m

o 21m at 1.58% Li2O from 108m in drill hole MDRC117;

(Note all depths are downhole depth, and true vertical depth will be shallower or closer to surface. Holes MDDH are diamond holes, MDRC are RC holes))

· Boumou prospect final diamond drill holes intersected multiple mineralised pegmatite veins including:

o 7.5m at 1.04% Li2O from 130.3m and

9.5m at 1.04% Li2O from 142.8m in drill hole KLDH006;

(Note all depths are downhole depth, and true vertical depth will be shallower or closer to surface)

· Bougouni Project's geological model confirmed by drilling results and an update of interpretation is in progress. Assay results pending for a further 2,732 samples currently in process of analysis

· Mineral Resource estimate update expected by the end of February 2019



Bernard Aylward, CEO of Kodal Minerals, said: "The drilling programme completed last year at the Sogola-Baoule and Boumou prospects has confirmed the continuity and robustness of the lithium mineralisation at Bougouni. This gives us great confidence as we continue to fast track our development plans for the Project. As such, we are in the process of completing a Mineral Resource estimate update that will include all drilling results to date as we look to confirm a long term mine life. This is on track for delivery at the end of February 2019.



"The opportunity highlighted by these continuing good results is that we are now able to assess our proposed operation parameters and factor in a larger mining operation with an initial 1.2Mtpa processing plant, expanding to 1.5Mtpa as the operation moves into steady production phase.



"With this in mind, we are continuing to map out a development programme and will be looking to provide an update to the market on our recent activity and engagement of specialised Engineering contractors to work with Kodal and support this development schedule in due course."

[dmitribollokov] 18/1/2019 07:07

Nice. More decent results and updated MRE by end feb.

[janekane] 17/1/2019 08:33

Aim companies are very volatile massive moves higher and lower
But the spread always works in the brokers favour with little profit to the punters
We've had a little flurry higher now the drop

[djj2014] 16/1/2019 21:27

Quiet here today. Where has everyone gone?

[cpap man] 15/1/2019 10:35

Stop boasting encarter but I do love your film....an old classic....Get enCarter!

[encarter] 15/1/2019 10:23

Something afoot?

[dmitribollokov] 15/1/2019 10:07

Big old volume again, good to see.