Kodal Minerals Share Discussion Threads

[cpap man] 28/5/2020 11:30

Kodal Minerals* (KOD LN) – 4p, Mkt cap £4.4m – Kodal awaits approval to start mining

(Kodal holds 100% of Nangalasso and Dabakala. Kodal currently holds 90% of the Bougouni Lithium project, this will adjust to 81% when the Mali government 10% free carry is applied)

Kodal Minerals report that the Ministry of Mines and Petroleum in Mali has accepted the Bougouni Lithium Feasibility Study

The Ministry also confirms that no further technical or financial meetings are required prior to approval of the mining license.

The new Mining License area and new permit boundaries are also agreed along with the proposed areas for mining and associated infrastructure.

COVID-19 restrictions have impacted the approvals process making the timing of the mining license approval less certain.

Gold projects:

Kodal has a number of gold prospects in Mali and the Ivory Coast which are attracting interest from investors and other exploration and development companies.

Management have worked up a strategy for further exploration at Nangalasso in Mali and Dabakala in Cote d'Ivoire.

Both prospects offer interesting potential based on drilling at Nangalasso and surface geochemistry at Dabakala.

Nangalasso has a 5,500m strike length and covers three concessions covering 310sqkm with:

21m at 1.25g/t gold, including 3m at 7.1g/t gold
3m at 7.84g/t gold including 1m at 13.5g/t gold (eoh)
1m at 7.8g/t gold.

The Nangalasso geological model is based on the Sissingue’s deposit which is located just 30km to the south.

The district also contains the Syama, Tongon and Sissingue mines. We have previously visited the Syama and Tongon mine sites.

Dabakala is at an earlier stage with a new gold anomalous zone discovered extending over 8km within a 300skqm concession.

Conclusion: Kodal is just a step away from receipt of its mining license in Mali. The approvals to date indicate strong support for the project within the government. We expect significant new demand for lithium concentrates as new battery manufacturing ramps up to match the €60bn of capital investment planned for the Electric Vehicle sector in Europe. Kodal’s ongoing support from its partners should give the company a head start on many other lithium projects. The partners have confirmed the metallurgical properties of the concentrate from Bougouni and we believe they should be keen to press ahead and build the project.

Ongoing interest in the other gold projects indicate potential for further discovery, joint venture propositions and potential asset sales.

*SP Angel acts as broker and financial advisor to Kodal Minerals

[cpap man] 28/5/2020 07:55

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

28 May 2020

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

Company Update on the Bougouni Lithium Project

and

Gold Exploration Projects



Kodal Minerals, the mineral exploration and development company, is pleased to provide this update on the progress of the Bougouni Lithium Project ("Bougouni" or the "Project") Mining Licence application in Mali. In addition, the Company provides an update on its gold exploration properties in Mali and Cote d'Ivoire.



Highlights:

Bougouni Lithium Project

· Kodal informed that the Feasibility Study accompanying the Mining Licence application has been accepted by the Ministry of Mines and Petroleum

· The Ministry of Mines and Petroleum confirmed that no further COMINE technical and financial meetings are required prior to Mining Licence approval

· The Directorate Nationale de la Géologie et des Mines ("DNGM") has agreed the new Mining Licence area and new permit boundary that encompasses all resources and the proposed mining and associated infrastructure area

· Kodal still awaiting formal issuance of final Mining Licence documents and notes that the COVID-19 restrictions have impacted on the Mali Government's process and timing of delivery cannot be confirmed.

Gold Exploration Project Review

· The gold assets in Mali and Cote d'Ivoire have attracted interest from investors and other exploration and development companies

· The portfolio of gold assets has been maintained in good standing, and the tenure has been refreshed where possible

· The projects have been reviewed by our geological team and a strategy for further exploration has been developed for the Nangalasso project in Mali and the Dabakala project in Cote d'Ivoire

· Nangalasso project review has highlighted a 5,500m gold anomalous trend with intersections including 21m at 1.25g/t gold, including 3m at 7.85g/t gold

· Dabakala project has an extensive surface geochemical anomaly extending for 8km in strike length in a new region with classical Birimian gold geological setting and structures.



Bernard Aylward, CEO of Kodal Minerals, remarked: "The acceptance of the Feasibility Study, submitted in support of the Mining Licence application, by the Mali Governments is a reflection of the level of detail supplied and incorporated into the study and supports our belief in the economic potential of the project. The Mali Government continues to be very supportive of the development of a lithium mining industry in Mali, and the progress of our permitting reflects the governmental support Kodal has received. Although an exact timeline cannot be given for the final approval of the Mining Licence application, our communication with the Government will continue regularly and we will keep shareholders updated with our progress.



"Kodal's gold projects have continued to attract interest in light of the ongoing strength in the gold price and recognition of a high quality land position in the world class Birimian sequence of West Africa. We have maintained our landholding in Mali where our priority Nangalasso project is located adjacent to the Syama Gold mine, and just 30km to the north of the Sissingue Gold mine. Preliminary exploration has been undertaken at Nangalasso, returning very encouraging intersections over an extensive strike length and follow-up exploration is being developed. In Cote d'Ivoire we have recently renewed licences and at our Dabakala project we expect to undertake infill geochemical sampling to define new drill targets.



"This continues to be an active time for Kodal as we prepare for the granting of the Bougouni Lithium project mining licence and we have the opportunity to advance the exploration on our gold assets to enhance the long term value for the Company."

[djj2014] 28/5/2020 07:43

More encouraging news. Surely this must start to edge up soon on a more sustained basis?

[cyrilsneer1] 19/5/2020 10:33

Something strange going on here, the share buys are tiny and frequent which is not the norm.

[1 pound here we come] 11/5/2020 18:29

I'm in. Worth a punt.

[cpap man] 11/5/2020 13:30

Kodal Minerals* (KOD LN) - 0.035p, Mkt cap £3.8m – Metallurgical test work shows up to 83% recovery vs 73% assumed in feasibility study

Kodal Minerals report bulk sample test results of up to 83% on material shipped from the Bougouni Project to China for testing

Shandong Shengli Environment Protection Technology Co Ltd 'Shengli' tested the material at its 2mtpa Yishu plant in Shandong, China.

The Yish plant uses DMS ‘dense media separation’ and flotation to concentrate spodumene mineralisation containing lithium from pegmatite ore.

Shengli's Yishui plant, ~160km from Qingdao port supplies spodumene concentrate to the Ruifu processing plant which is associated with Koldal’s major shareholder, Suay Chin International.

‘Recoveries of the Bougouni bulk sample from the plant achieved an overall recovery of up to 83% for a 5.5 % to 6.0% Li2O spodumene product.’

Bulk sample assayed 1.24-1.47% spodumene ahead of its concentration at the Yishu plant in China.

The ‘up to’ 83% recoveries reported are higher than the 71% average recovery used in Kodal’s feasibility study.

The quality of the concentrate may vary on larger scale production and may improve with better quality controls.

Low impurity levels in the spodumene concentrate are helpful from a processing perspective with iron at <0.5%.

The results will be used to further optimise the project to hopefully show improved economics

Kodal is waiting on news from the Mali Ministry of Mines on its application for a mining licence submitted in January 2020 for the Bougouni project.

*SP Angel act as financial advisor and broker to Kodal Minerals

[cpap man] 11/5/2020 10:41

Hybridan Small Cap Feast: 11-05-2020



KOD = STRONG BUY

[djj2014] 11/5/2020 07:57

Sample test results out. Hopefully we'll get some interest back in KOD. Been too quiet recently.

[dazaliam] 07/5/2020 14:15

easwarareddy - CR at 2.25p? hmmm your post didn't age well did it?

[cpap man] 07/5/2020 11:15

SP Angel . Morning View . New Commodity Supercycle



New Supercycle possible as nations prepare to kick-start growth through stimulus and construction programs....etc....

[easwarareddy] 07/5/2020 10:14

Cobr cobra resources get in quick... should see past 4p today. Gold stock with news predicted to see us past 20p. The numbers are massive. Tiny mcap. Might be hard buying in. Hardly any free float. Buy before news imo. News should launch it.

[dazaliam] 30/4/2020 19:25

I could name someone that has made money from Kodal!

[backinblack80] 29/4/2020 23:10

Hyper Al, but you would say that wouldn't you? You obviously have zero understanding of KOD's FS or finance. What's your view on the FS? Have you made any money on KOD?

[backinblack80] 29/4/2020 18:16

clive talking carp....

[clive talking] 29/4/2020 17:52

Is it rally on at Kodal?

Let's be fair, they've got Lithium, Gold.... and FUNDING.

..so bring it on!

[hyper al] 23/4/2020 09:10

Andy

re your comment

"I think it's the opposite actually, cheap oil prices are a threat to lithium, not the other way around."

Cheap oil will destroy production (fantastic news!), people in that industry could move into renewables!, and in two years when we have medicines and vaccine to fight Covid-19 there will be a lack of oil supply and stupid high oil prices.

Why will any nation buy oil at $100+ per barrel for a consumable that gets burnt when electricity from solar panels can produce energy at a fraction of the price without all the hassle of importing oil continuously and being dependant on other nations for your energy needs. It makes NO sense, strategically or economically

Also the worlds biggest funds are dropping fossil fuels, investing against their move I think would make a stupid investment.

[dazaliam] 23/4/2020 08:45

Bib watch MLL for Gold news and that is advice!

[backinblack80] 22/4/2020 21:47

Yes Daz, oil probs a good bet. HUR may be worth a look, but no advice....
I have gold in my portfolio...SRB, but underperforming imho, at present...but I say that about all my investments.

[dazaliam] 22/4/2020 18:12

Oil Price is on it's knees so could be good long term bet, cash + gold short-medium term!

[swiss tony] 22/4/2020 14:27

Seconded.... and cash.