Kodal Minerals Share Discussion Threads

[cpap man] 21/12/2016 12:25

fillipe21 Dec '16 - 11:57 - 562578 of 562579 1 0
KOD still a lowly sub £5m mkt cap. even after uptick. Tons and tonnes still to go for with KOD.

f

[cpap man] 21/12/2016 11:55

KOD = 0.105 - 0.11 / +30.3%

[inayatk] 21/12/2016 11:46

Just bought in 4M

[cpap man] 21/12/2016 11:25

KOD = 0.095 - 0.10 / +18.2%

[cpap man] 21/12/2016 10:55

fillipe21 Dec '16 - 10:25 - 562557 of 562562 1 0
KOD - healthy.

f

[cpap man] 21/12/2016 09:55

fillipe21 Dec '16 - 09:17 - 562552 of 562554 1 0
KOD + 12.2% on only a few but very large trades.

f

[cpap man] 13/12/2016 13:20

Once again euclid5 thank you for your excellent KOD related posts which are no doubt much appreciated by all.

[euclid5] 13/12/2016 11:38

Birimian Gold maiden JORC resource due in 4Q16 (Scoping Study)

Also read pg 5 of their broker note (dated 03/11/2016) - TP for their shares

Taken below from pg 1 - We have double the license area:

"The resource itself is already likely to be economic (provided metallurgy is as
expected), but we see the potential for a larger deposit at good mineable
grades (1.4-1.8% Li2O). If the deposit grows as anticipated, there is potential
it could be developed into a 285-430ktpa"

We have a twelve month price target of 59cps, which is a slight discount to
our speculative and highly diluted preliminary valuation (68cps) that assumes
a 24Mt mining inventory at ~1.45% Li2O a

hxxp://www.birimiangold.com/pdfs/HartleysGoodMaidenResourceLikelyToGrow03Nov16.pdf

[euclid5] 13/12/2016 11:30

don't forget latest news from Birimian Gold who is next door to our license area

"The Company is in negotiations with a third party relating to a potential acquisition or interest in the Company’s Bougouni Lithium Project (“Project̶1;)

hxxp://www.birimiangold.com/pdfs/Appendix3BAndSecondaryTradingNotice05Dec16.pdf

[113mike] 13/12/2016 10:22

Good job i got some! Been in KOD a fair while now ...hope 2017 is the year the share price finally comes good!

[cpap man] 13/12/2016 10:20

KOD looking rather good!

[euclid5] 11/12/2016 12:17

If BGS has so far proved up 15Mt at 290,000 Li20 x $600/t = Gross value of £139m (290k x $600 Div 1.25 FX Rate for Cable) then theoretically if we have double the licence area & prove up twice this size or more then our gross value (this isn't the NPV value) is approx £278m - assuming Lithium prices don't drop from $600/T

Spodumene is the main lithium bearing mineral in most hard rock lithium deposits. Ores are typically upgraded at the mine site by crushing, screening, and dense media separation techniques to produce a spodumene concentrate. Chemical grade concentrate, typically containing 6% Li2O, is sold and converted into lithium carbonate and lithium hydroxide for use in battery manufacturing and other industrial applications. Recent lithium concentrate (grade 6%) prices are approximately US$600/t.

hxxp://www.birimiangold.com/pdfs/VisibleLithiumMineralisationExtendedToDepthByDrilling28Jul16.pdf

[cpap man] 09/12/2016 12:55

Excellent post 893 euclid5

[fund55] 08/12/2016 13:44

Excellent post Euclid

[113mike] 07/12/2016 20:29

'bout time the share price started to climb...imho!

[euclid5] 07/12/2016 20:24

Cpapman,

KOD mkt Cap £3.9m

A different Bougouni lithium project, owned by Birimian Gold, is valued at circa $68m Aud = £40m - they have half the area size of KOD - & so far they have maiden Resource of 15mt - 18mt - scoping study due out later this month or Jan 17 - Interesting to see what that comes out with (But they also have a couple of Gold assets - don't know what stage they are at)

In theory so far, if we have double the license area - Kodal may prove up 30Mt - 460,000t Li20

Wouldn't surprise me if the Tongdow Group wait until they see Kod's results then buy up both assets - KOD's & BGS - given them 45 MT - 700,000t Li20 - as they have shown an interest in BGS on the MoU

Note this from today's Rns:

" The rock chip sampling results at Bougouni confirm the high-grade surface mineralisation at the Sogola vein, and potentially indicate extensions and parallel zones to this system"

" In addition to confirming the Sogola mineralisation, this geological reconnaissance and rock chip sampling programme has identified new zones of pegmatite hosted lithium mineralisation with initial assays including 1.9% Li2O and 1.65% Li2O within Bougouni"

hxxp://www.birimiangold.com/Projects.html

"BGS has immediately moved to initiate a maiden drill program at Bougouni as a priority. The tenure spans 257km2 and has good infrastructure in the local area including road and power infrastructure"

Kodal, the mineral exploration and development company with interests in West Africa, is pleased to announce a summary of the field reconnaissance visit to the Bougouni Lithium Project in Southern Mali

" The Bougouni Project, comprising the recently acquired Kolassokoro and Medina licences, contains identified high-priority exploration targets within a 500km2 contiguous land package"

More interesting is the news they mentioned below
News released 05/12/2016 for Birimian Limited (ASX:BGS)

The Company is in negotiations with a third party relating to a potential acquisition or interest in the Company’s Bougouni Lithium Project (“Project”). The Company wishes to advise that no agreement has been reached with this party nor can there be any assurance that any agreement or understanding will be reached in the future.



Look at their 31/10/2016 rns

Birimian secures MoU with leading Chinese commodity trader, Tongdow Group MoU secured with multibillion dollar commodity company, Tongdow Group
The MoU follows the announcement of the maiden resource of 15.5 Mt @ 1.48 % Li2O (for 229,000t contained Li2O) at the Goulamina deposit, within the Bougouni Project. This positions the deposit as among the highest grade, hard rock lithium deposits of significant size globally today

Furthermore, Tongdow’s prerogative to establish a lithium price index may give BGS the potential to capture spot prices for lithium in China that historically trade significantly higher than Chinese short/medium term contract prices and the China Lithium Carbonate Import Price.

[cpap man] 07/12/2016 11:45

Bernard Aylward, CEO of Kodal Minerals, said: "These initial rock-chip results confirm the presence of high-grade lithium mineralisation at Bougouni and reinforced our confidence in the prospectivity and potential strategic value of this asset. Kodal has acquired a significant landholding in this region and our exploration activity is continuing to highlight multiple targets and areas of high-grade lithium mineralisation.



Exploration is continuing at Bougouni with the first RC drilling programme underway targeting three of our high-grade pegmatite veins. This drilling is expected to be completed in mid-December 2016 and will provide vital information on the depth and continuity of the pegmatite bodies as well as provide reliable samples for analysis of the grade of the mineralisation.



Kodal will continue to rapidly explore and advance both Bougouni and the newly acquired Diendio, with on-going geological mapping, sampling and additional drilling planned."

[mikeroot5] 07/12/2016 09:36

Some good coverage on the penny stock post this morning - main work still to do

[cpap man] 07/12/2016 08:38

Any thoughts euclid5 on todays RNS from KOD and on KOD in general at these levels?

[cpap man] 07/12/2016 07:55

Well done euclid5!!!!

[cpap man] 07/12/2016 07:46

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

7 December 2016

Kodal Minerals Plc



('Kodal' or 'the Company')



High-Grade Rock Chip Samples Returned at Malian Lithium Projects



Kodal Minerals, the mineral exploration and development company focussed on West Africa, is pleased to announce high grade rock chip results from the first dispatch of samples from the reconnaissance rock chip sampling at its lithium interests in Southern Mali.



Highlights



· First rock-chip assay results confirm high-grade lithium mineralisation at the Bougouni lithium project ("Bougouni").

· Assay results up to 2.04% Li2O returned for sampling at the Sogola pegmatite vein located within Bougouni.

· New areas of high-grade lithium mineralisation identified within Bougouni with assay results up 1.9% Li2O and 1.65% Li2O.

· An additional 44 rock-chip samples are pending analysis from the ongoing geological reconnaissance at Bougouni.

· Reverse Circulation ("RC") drilling continuing at Bougouni with programme expected to be completed in mid-December 2016.

· RC drilling targeting the Bougouni's Sogola, Ngoualana and Kola veins initially, with further geological exploration to develop the new high-grade targets for drilling.

· Initial results from the Diendio lithium project ("Diendio") confirm presence of lithium mineralisation, maximum result of 0.03% Li2O returned from limited sampling.



Bernard Aylward, CEO of Kodal Minerals, said: "These initial rock-chip results confirm the presence of high-grade lithium mineralisation at Bougouni and reinforced our confidence in the prospectivity and potential strategic value of this asset. Kodal has acquired a significant landholding in this region and our exploration activity is continuing to highlight multiple targets and areas of high-grade lithium mineralisation.



Exploration is continuing at Bougouni with the first RC drilling programme underway targeting three of our high-grade pegmatite veins. This drilling is expected to be completed in mid-December 2016 and will provide vital information on the depth and continuity of the pegmatite bodies as well as provide reliable samples for analysis of the grade of the mineralisation.



Kodal will continue to rapidly explore and advance both Bougouni and the newly acquired Diendio, with on-going geological mapping, sampling and additional drilling planned."

[euclid5] 06/12/2016 22:22

BGS has immediately moved to initiate a maiden drill program at Bougouni as a priority. The tenure spans 257km2 and has good infrastructure in the local area including road and power infrastructure.

Kodal, the mineral exploration and development company with interests in West Africa, is pleased to announce a summary of the field reconnaissance visit to the Bougouni Lithium Project in Southern Mali

" The Bougouni Project, comprising the recently acquired Kolassokoro and Medina licences, contains identified high-priority exploration targets within a 500km2 contiguous land package"

[euclid5] 06/12/2016 22:21

News released 05/12/2016 for Birimian Limited (ASX:BGS)

The Company is in negotiations with a third party relating to a potential acquisition or interest in the Company’s Bougouni Lithium Project (“Project”). The Company wishes to advise that no agreement has been reached with this party nor can there be any
assurance that any agreement or understanding will be reached in the future.



____ _________________________________________________________________________

BGS has immediately moved to initiate a maiden drill program at Bougouni as a priority.

The tenure spans 257km2 and has good infrastructure in the local area including road and power infrastructure.

Bougouni has high-grade bulk tonnage potential around 15-18Mt @ 1.8-2.2Li2O estimated from previous field work conducted by the World Bank, including metallurgical test work, which is a good start.

BGS says it expects to have a formal Resource Estimate and Scoping Study done by the end of this year which should flesh out exactly how much lithium BGS has in the ground.

With an initial exploration target of 15-18Mt, that’s already a good place to start with further exploration hopefully adding to the overall Resource with potential on BGS’s tenements for repeat structures.

Given the early stage nature of the Bougouni Project, the geometries of the ore body at depth are yet to be tested by drilling, however the World Bank completed significant test work on the asset.

hxxp://www.nextminingboom.com/lithium-race-expands-africa-asx-explorer-secures-high-grade-lithium-asset/

_____________________________________________________________________________

Kodal, the mineral exploration and development company with interests in West Africa, is pleased to announce a summary of the field reconnaissance visit to the Bougouni Lithium Project in Southern Mali

" The Bougouni Project, comprising the recently acquired Kolassokoro and Medina licences, contains identified high-priority exploration targets within a 500km2 contiguous land package"

"Regional geological studies were undertaken in 2008 to assess the lithium mineralisation of the Bougouni-Sikasso region of southern Mali and identified areas of high potential. The studies were completed by consultants CSA Global ("CSA") and were commissioned and funded by the World Bank as part of the SYSMIN economic development programme"