Kodal Minerals PLC Result of AGM (2103O)

TIDMKOD

RNS Number : 2103O

Kodal Minerals PLC

30 September 2019

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

30 September 2019

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

Result of AGM

Kodal Minerals, the mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali, announces that at the Company's annual general meeting, held earlier today, all resolutions were duly passed.

**ENDS**

For further information, please visit www.kodalminerals.com or contact the following:

 
 Kodal Minerals plc 
  Bernard Aylward, CEO                          Tel: [phone] 
                                                345 
 Allenby Capital Limited, Nominated Adviser 
  Jeremy Porter/Nick Harriss                    Tel: [phone] 
                                                5656 
 SP Angel Corporate Finance LLP, Financial 
  Adviser & Broker                              Tel: [phone] 
  John Mackay                                   0470 
 St Brides Partners Ltd, Financial PR 
  Catherine Leftley/Cosima Akerman              Tel: [phone] 
                                                1177 
 

About Kodal Minerals

Kodal Minerals' primary focus is on the rapid advancement towards production of its flagship Bougouni Lithium Project in Southern Mali. The JORC Resource Estimate places the Bougouni Project in the top 15 hard rock lithium projects globally and was calculated using only three of the eight currently recognised prospects demonstrating the significant exploration upside potential remaining across the 450km(2) project area. The Mineral Resource estimate for the Ngoualana, Sogola-Baoule and Boumou prospects are tabulated below. These mineral resources are reported in accordance with the JORC Code:

 
 Prospect         Indicated                     Inferred                      Total 
                                    Contained                     Contained                     Contained 
                           Li(2)     Li(2)               Li(2)     Li(2)               Li(2)     Li(2) 
                  Tonnes    O%       O          Tonnes    O%       O          Tonnes    O%       O 
                   (Mt)     Grade    (kt)        (Mt)     Grade    (kt)        (Mt)     Grade    (kt) 
                 -------  -------  ----------  -------  -------  ----------  -------  -------  ---------- 
 Sogola_Baoule    8.4      1.09     91.9        3.8      1.13     42.8        12.2     1.10     134.8 
                 -------  -------  ----------  -------  -------  ----------  -------  -------  ---------- 
 Ngoualana        3.1      1.25     39.2        2.0      1.12     22.1        5.1      1.20     61.3 
                 -------  -------  ----------  -------  -------  ----------  -------  -------  ---------- 
 Boumou                                         4.0      1.02     40.4        4.0      1.02     40.4 
                 -------  -------  ----------  -------  -------  ----------  -------  -------  ---------- 
 TOTAL            11.6     1.13     131.2       9.7      1.08     105.3       21.3     1.11     236.5 
                 -------  -------  ----------  -------  -------  ----------  -------  -------  ---------- 
 

Notes: Mineral resources are reported using a 0.5%Li(2) O cut-off. Figures may not sum due to rounding. The contained metal is determined by the estimated tonnage and grade.

The Bougouni Project and recently acquired 200km(2) Bougouni West project are located in an emerging lithium province that is already attracting the attention of investors and off-take partners interested in securing a long-term supply of lithium. With the support of its strategic investor and off-take partner Suay Chin International Pte, a Singapore-based lithium and chemical trader, Kodal Minerals is well placed to continue its ambitious development programme at Bougouni.

Further to this, Kodal Minerals is the manager of additional lithium and gold projects that are undergoing low cost exploration programmes in addition to JV funded gold properties in Cote d'Ivoire that offer potentially significant long-term value.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

RAGURAVRKRAKOAR

(END) Dow Jones Newswires

September 30, 2019 11:14 ET (15:14 GMT)