Kodal Minerals Share Discussion Threads

[the brex pistols] 31/5/2019 18:03

..and a lot lower than next May too, we would wager.

[the brex pistols] 31/5/2019 10:01

Anyway, this current period in the cycle is partly due to us being in the merry month of May.

[the brex pistols] 31/5/2019 09:27

Remember, we are about to mine LITHIUM. That's right!

[the brex pistols] 31/5/2019 09:22

Some do, but some fly!

As soon as production begins next year, expect to see pictures of rockets here.

[the brex pistols] 31/5/2019 09:07

You won't be saying that at 20p.

[encarter] 31/5/2019 07:48

Kod save us.

[cpap man] 31/5/2019 07:25

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



31 May 2019

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



Update on Development and Exploration Activities

at Bougouni Lithium Project, Mali



Kodal Minerals, the mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali (the 'Project' or the 'Bougouni Project'), is pleased to provide this update on recent activities at the Project. The Company has focused on advancing the development of the Bougouni Project through the completion of the Environmental and Social Impact Assessment ('ESIA') and various engineering studies, as well as continuing its exploration programme.



Highlights:



· ESIA technical reports being compiled and finalised for submission to the authorities

· ESIA community consultation meetings completed with positive response to the proposed development from officials and the community

· Project visits completed by engineering consultant groups to finalise mine and process planning

· Engineering review of infrastructure and transport ongoing at the Project, with significant cost savings identified in transport estimates

· Metallurgical testwork ongoing with a focus on targeting commencing with a dense media separation ('DMS') plant, with a flotation circuit to be added potentially four years later in the mining cycle

· Bulk sample mining contract terminated at the Bougouni Project due to poor performance of contractor;

o Kodal shipping 980 tonnes of lithium spodumene material directly from Dakar port to China for testing

o The large size test will provide beneficial information regarding processing and recovery at an operational scale.

· Exploration activities identified further drill targets within the Bougouni Project and at the recently acquired Bougouni West concessions, with drilling to commence in early June 2019





Bernard Aylward, CEO of Kodal Minerals, remarked: "I am delighted to announce that we have continued to make significant steps in advancing operations at our Bougouni Lithium Project. The large amount of technical work that is currently underway represents significant components of our upcoming Feasibility Study and we are using the most experienced consultants to ensure we achieve the best result. Moreover, the completion of all specialist baseline studies for the ESIA, combined with the completed community consultation, will allow us to finalise our ESIA application and lodge it for approval. The ongoing support we have received from the Mali Government and local community has been very encouraging and demonstrates the significant interest in our Project's development.



"Unfortunately, we have terminated the contract for the completion of our bulk sampling programme at Bougouni due to poor performance of the contractor. Currently we have over 980 tonnes of material at the port of Dakar for shipping to China and our in-depth discussions with the processing company, Ruifu Chemical of Shandong, have informed us that this size sample will provide very useful information nonetheless. It is clear that this sample, combined with our ongoing metallurgical testwork, will allow us to optimise the future mining and processing of lithium spodumene at the Bougouni Project.



"Our exploration programme continues to identify and delineate high priority exploration targets, and as such, we have been working extensively on the Bougouni West concessions which we acquired in Q1 2019. We expect to commence a drilling programme in June 2019 with key targets identified within the Mafele West concession, which is close to Birimian's Goulamina Project, as well as drilling additional targets within our own Bougouni Project that are in close proximity to the existing resources.



"This is a very exciting time for the Company with much work underway. The pace of our development programme continues as we focus our attention towards lodging the ESIA, continuing to strengthen of our relationships with the Malian authorities and local communities and finally, undertaking a pivotal work and drilling programme at Bougouni. I look forward to updating our shareholders in due course."

[the brex pistols] 29/5/2019 09:12

Production next year. Time to bolt on some more.

[the brex pistols] 22/5/2019 14:23

Here come the cavalry.

..we are already riding bare back!

[the brex pistols] 22/5/2019 11:46

Needless to say there's a lot of buyers.

[the brex pistols] 21/5/2019 16:02

It'll have to be Hammersmith at this rate!

[the brex pistols] 21/5/2019 13:38

Loving it. Cheaper than a house in Maida Vale now, is KOD.

[cpap man] 19/5/2019 12:45

KAV



Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV



Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana

Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana.

The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations.

Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments
Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles.

The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values.

Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!

[backinblack80] 14/5/2019 22:37

the brex pistols. Sorry, I missed your post.Why do you reckon that it's only in my opinion? Do you like losing money?

[backinblack80] 14/5/2019 22:10

Hyper AL, why have you deleted your posts?

[backinblack80] 14/5/2019 15:35

Hyper, I'm really not sure what you're talking about to be honest and to say this AIM stock is no different to any other is quite frankly ridiculous. Sounds like you have no interest in the share price performance? BA is the one making a rod for his own back in respect of info and timescales.However, I agree with you on one thing....he certainly should stop wasting his time feeding bs to investors...AIMHO, of course!

FYI, they are on Twitter and have 194 followers. It's where they post their silly podcasts....

[backinblack80] 14/5/2019 14:00

Lol..you're also just some random poster on ADVFN, Hyper!

What I am is long suffering PI that is getting fed up, as many are, with the lack of info and BA sitting in these silly podcasts feeding us a load of bs…where’;s the update on development progress that was promised? Why wasn’t the ESIA submitted in April?.......and don’t get me started on funding…

The Govt will get their free carry and the Chinese want the Lithium. Bernard reckons that we’re significantly undervalued….the share price is a measure of confidence and sentiment so perhaps if he stopped overpromising and under-delivering it may improve!