Kodal Minerals Share Discussion Threads

[on target] 28/2/2019 16:50

What happened to the grade?

[fisherman16] 28/2/2019 16:36

Application for mining license in 2nd half of this year - good.Significantly undervalued - good.Excellent relations with Mali Government at all levels - good.All systems go then!

[cpap man] 28/2/2019 10:45

Kodal Minerals* (KOD LN) 0.19p, Mkt Cap £14.3m – Updated JORC resource increases 23% at Bougouni lithium project

Extension drilling completed during the October-December 2018 campaign has allowed the company to increase the size of the JORC Mineral Resource estimate by 23%, while classifying a major portion as Indicated Resource.

The updated resource at the 450km2 Bougouni project stands at 21.3Mt at 1.11% Li2O, with 11.6Mt at 1.13% Li2O in the Indicated category and 9.7Mt at 1.08% Li2O in the Inferred category.

The fall in resource grade from the maiden resource is largely due to the re-modelling of Ngoualana resulting from intersections with lower grade material, which draws down the average >2% Li2O high-grade mineralised zone previously reported.

The updated resource comprises three advanced prospects:

Sogola-Baoule: 12.2Mt at 1.1% Li2O (18% increase) - 69% categorised as Indicated;

Ngoualana: 5.1Mt at 1.2% Li2O (9% increase) - 61% categorised as Indicated;

Boumou: 4Mt at 1.02% Li2O (81% increase) - remains Inferred

The resource remains open along strike, with the potential to expand with further drilling. The company as advancing the mine development study with the ESIA (Environmental & Social Impact Assessment), which is nearing completion with engineering consultants commissioned to advance mine planning.

CEO Bernard Aylward adds “The significance of this updated and increased Mineral Resource estimate lies in the fact that it enabled us to classify a large portion of the Mineral Resource estimate as an Indicated Resource - this is fundamental for our ongoing mine development study.”

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

[1bluehorseshoe] 28/2/2019 08:46

MMs can see stop losses so they needed shares and triggered them. Some peeps will see this rising then check their accounts and they'll have sold. It's called AIM for a reason

[10p here we come] 28/2/2019 08:45

.. seems rude not to.

[10p here we come] 28/2/2019 08:45

Que? What's with the selling??

I'm BUYING.

[1bluehorseshoe] 28/2/2019 08:20

Naughty MMs

[1bluehorseshoe] 27/2/2019 14:06

Could be anytime but he did say it was on schedule

[1bluehorseshoe] 27/2/2019 11:52

Added a few more, ready now Bernard

[skiboy10] 26/2/2019 16:37

Great thanks.

[1bluehorseshoe] 26/2/2019 16:34

By the end of February, doesn't leave much time eh? Had a few top ups today.GLA

[skiboy10] 26/2/2019 16:31

Looks like it. Updated JORC is expected soon?

[cpap man] 26/2/2019 16:15

Like a coiled spring about to be sprung!?!?!

[skiboy10] 26/2/2019 16:02

The chart is look very perky!

[fisherman16] 25/2/2019 12:59

Break out, baby?

[10p here we come] 25/2/2019 11:17

Thank you Vicar.

All going to plan. Roll on 2020.