Kodal Minerals Share Discussion Threads

[runthejoules] 15/2/2017 17:37

And here was me wondering why EMH had plummeted about 8% today... it's all gone to pay for your KOD and chips! Should've been on this board too despite all the endless fishy puns... well done guys & gals, I might get in on this tomorrow - still early days, and enough lithium salts for chips on every continent. Hold till sold! :-)

[easwarareddy] 15/2/2017 14:48

Are u paying?

[cpap man] 15/2/2017 14:25

Anyone else fancy joining me for a KOD supper?

[cpap man] 15/2/2017 14:15

Wow that KOD an' chips lunch was so tasty that i might even have more KOD [but no chips as i have got to think about that waist of mine!?!?!] later on for my supper!

[cpap man] 15/2/2017 10:55

Yes absolutely tidy 2....not long to wait now!

[tidy 2] 15/2/2017 10:25

Nice today. Kod n chips for lunch.

[cpap man] 15/2/2017 09:40

The likely BUYERS of KOD are of course the CHINESE yoyo2money but do NOT discount a deal with one of the main purchasers of LITHIUM such as the giant USA electric car maker TESLA

[cpap man] 15/2/2017 09:26

Good morning TheLung - got your PM now thanks - all is well!?!?!

Very much looking forward to KOD an' chips on Friday!!!!

[cpap man] 15/2/2017 08:55

Could well be before that yoyo2money although AIMHO this will NOT happen as KOD will be TAKEN OVER well prior to those dates [if not this year then next year] as not only is LITHIUM a seriously HOT COMMODITY but again AIMHO the LITHIUM deposits at the Bougouni licences are going to be absolutely "World Class".

As always though please DYOR

[yoyo2money] 15/2/2017 08:50

Loads of talking cpap man, I'm a bit confused.

When are they likely to start mining, 2019 ?

If so, are we looking at the company being cash positive 2020 ?

What profits are we looking at with the grades mentioned ?

A bit of help would be appreciated.

[cpap man] 15/2/2017 08:10

Observers of Birimian Limited, which published a scoping study on the similarly-named Bougouni (Goulamina) project yesterday will be aware of the potential economic parameters of Birimian’s project. Birimian is to publish a Feasibility study in the June quarter which will give greater definition to and better establish the potential value of the Bougouni project. Kodal may be able to draw similar conclusions for its own lithium prospects depending on the results of this and further rounds of drilling.

[cpap man] 15/2/2017 08:05

Conclusion: We have to say well done to Kodal. Drilling for lithium in Spodumene pegmatite veins might look like ‘shooting fish in a barrel’ but as anyone who has tried to shoot a fish in a barrel will know, it’s not as easy as it first looks and we know many a geologist who has missed the most ‘obvious’; of targets. It’s even more impressive if the targets are at depth but fortunately for Kodal the targets start at surface and the mineralisation appears to continue to >100m.

The drill ‘truth machine’ has spoken and it looks as if Kodal has a new lithium discovery on its hands.

[cpap man] 15/2/2017 08:00

S P Angel who are KOD's broker....



Kodal Minerals* (KOD LN) 0.53p, Mkt Cap £27.4m – Bougouni lithium project shows 21m grading 1.7% lithium

Kodal Minerals reports its first batch of drilling samples from its ongoing drilling campaign at its Bougouni lithium in Mali.

The best results out of the first seven ‘RC’ holes out of 18 drilled to be reported using a 1.0% cut-off:

Ngoualana: 21m at 1.7% Li2O from 62m including 12m at 1.81% Li2O from 69m

Sogola: 3m at 1.92% Li2O including 2.94% Li2O - Sogola has a strike length at surface of >300m

Kola: 2m at 1.94% Li2O.

The drill results show the pegmatite veins to be lithium rich with relatively high-grade lithium mineralisation when compared against other spodumene pegmatite veins and lithium producers.

Prices for spodumene concentrate are reported to be around $600/t, with Birimian Limited using an assumed price of $537/t in their scoping study released yesterday.
Of the 328 samples assayed and received the maximum grade returned is 2.92% Li2O with >16% of samples returning values of >1% lithium.

Conclusion: We have to say well done to Kodal. Drilling for lithium in Spodumene pegmatite veins might look like ‘shooting fish in a barrel’ but as anyone who has tried to shoot a fish in a barrel will know, it’s not as easy as it first looks and we know many a geologist who has missed the most ‘obvious’; of targets. It’s even more impressive if the targets are at depth but fortunately for Kodal the targets start at surface and the mineralisation appears to continue to >100m.

The drill ‘truth machine’ has spoken and it looks as if Kodal has a new lithium discovery on its hands.

Observers of Birimian Limited, which published a scoping study on the similarly-named Bougouni (Goulamina) project yesterday will be aware of the potential economic parameters of Birimian’s project. Birimian is to publish a Feasibility study in the June quarter which will give greater definition to and better establish the potential value of the Bougouni project. Kodal may be able to draw similar conclusions for its own lithium prospects depending on the results of this and further rounds of drilling.

[cpap man] 15/2/2017 07:50

"The aim of our expanded exploration programme is to establish a maiden resource for the project as soon as possible and assess development opportunities."



Love it!

[cpap man] 15/2/2017 07:45

"These targets will be included in the follow-up drilling programme that is planned to commence as soon as possible."



Another RNS out from KOD shortly?!?!?

[cpap man] 15/2/2017 07:44

Bernard Aylward, CEO of Kodal Minerals, said: "We are very pleased to report these final results confirming the high-grade lithium mineralisation at Ngoualana. This prospect is continuing to exceed our expectations with the wide intersections of spodumene rich pegmatite remaining open along strike and at depth. The drilling programme has also intersected a series of parallel and subsidiary pegmatite veins that are also returning high grade mineralisation.



"Kodal's exploration programme is continuing on site with trench sampling targeting several of the new prospects identified by our rock chip and geological reconnaissance. These targets will be included in the follow-up drilling programme that is planned to commence as soon as possible.



"Our exploration programme is focussed on advancing the Bougouni Lithium Project as rapidly as possible. We have been collecting samples for preliminary metallurgical testing, and testing multiple targets to ensure we fully evaluate the project. The aim of our expanded exploration programme is to establish a maiden resource for the project as soon as possible and assess development opportunities."

[saucepan] 14/2/2017 20:15

dreamtwister:

"Copper, aluminium, lithium, nickel, manganese and cobalt set to benefit"



You might find this also of interest: "electric vehicles and critical metals":

[andrbea] 14/2/2017 19:13

that BGS news

(neighbours to KOD's LITHIUM play)

[dreamtwister] 14/2/2017 18:08

correct me if imn wrong ? with the highlights being lithium for the battery`s of ev will they also require copper ? as imn watching a couple of copper plays imn interested in investing in,imn not a mining boff as i only have one miner in my portfolio any feed back will be apreciated....atb

[tidy 2] 14/2/2017 15:56

KODtastic.

[cpap man] 14/2/2017 15:55

KOD bless you all!

[tidy 2] 14/2/2017 15:51

The KOD piece thread and hitman our fluffer. Yay