Share Name Share Symbol Market Type Share ISIN Share Description
Kodal Minerals Plc LSE:KOD London Ordinary Share GB00BH3X7Y70 ORD 0.03125P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.005 -2.0% 0.245 24,463,365 08:10:17
Bid Price Offer Price High Price Low Price Open Price
0.235 0.255 0.25 0.245 0.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.62 -0.01 41
Last Trade Time Trade Type Trade Size Trade Price Currency
16:26:53 O 2,220,566 0.25 GBX

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Date Time Title Posts
27/6/202214:03Kodal Minerals - Exciting Lithium Play8,649
18/4/202219:34big few weeks ahead, plently more to come2
15/12/202115:27Kodal Minerals - Lithium Prospects3,980
17/9/202108:28Kodal Minerals7,416
04/8/202118:05KOD,0.135p to 0.27p rally due,the same as last year.674

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Kodal Minerals Daily Update: Kodal Minerals Plc is listed in the Mining sector of the London Stock Exchange with ticker KOD. The last closing price for Kodal Minerals was 0.25p.
Kodal Minerals Plc has a 4 week average price of 0.22p and a 12 week average price of 0.22p.
The 1 year high share price is 0.49p while the 1 year low share price is currently 0.21p.
There are currently 16,903,730,956 shares in issue and the average daily traded volume is 68,273,629 shares. The market capitalisation of Kodal Minerals Plc is £41,414,140.84.
backinblack80: lol....proper studies cost many millions. KOD don't have one. These 3rd parties allegedly carrying out studies (Due Diligence) are doing it for their benefit and not for KOD's benefit or shareholder benefit.... KOD have not proved with any degree of certainty that they can economically mine their resources. This will be reflected in any potential offers. If they ever get any.... In the meantime, still no definitive plan....the gravy train rolls on and on??
the chairman elect: Kodal Minerals* (KOD LN) – 0.27p, Mkt cap £45m – SU study shows substantial uplift in value on previous economic evaluation Kodal Minerals report a substantial uplift in value for its Bougouni lithium project in southern Mali through the publication of a new “Feasibility Study update ("SU")”. The ‘SU’ has reviewed the engineering, process recovery and capital cost along with the outlook for improved pricing on spodumene concentrates. The long-term average assumed price has been raised to $1,060/t vs $738/t previously. Prices are Free on Board at the port of San Pedro in the Ivory Coast. This looks fair versus price current averages of $2,810/t in March and $3,510/t in April (Battery Materials Review). Pilbara Minerals Ltd average spodumene price was also US$2,650/t spodumene concentrate in the March Quarter. The value of the project has more than doubled to NPV $567m post-tax vs $201m previously. The IRR also rises to 91.2% vs 51% post tax indicating good returns for investors. The project is highly sensitive to recovery rates and spodumene prices as expected with improvements in both areas Freight costs have risen due to an assumed 20% increase in fuel costs to $112/t representing 22% of total cash operating costs. Capex rises by 20% to US$154.3m due to higher steel and fuel prices along with a 15% increase in mining cost to US$3.03/t Recovery rate now assumed at 74% vs 71% as metallurgical ‘laboratory217; flowsheet test work predicts a recovery of 75% of Li2O to a concentrate grade of 6%. Bougouni lithium project key stats SU Metallurgical vs the previous evaluation): Price $1,060/t vs $738/t of spodumene 6% Production: 238,000tpa vs 218,000tpa previously of 6% spodumene concentrate over an initial 8.5 years Recovery: 74% vs 71% recovery of contained lithium based on laboratory metallurgical recoveries of 75% Total revenue: $2.15bn at $1,060/t vs $1.4bn of total revenue at $738/t Throughput: 2mtpa C1 cash costs: $362/t vs $337/t All-in C1 Costs $474/t vs $431/t transportation and other selling costs. Royalties: $38/t vs $26/t Sustaining capital: $8/t vs 8/t Capex: $154m vs US$129m Payback: 0.8 years vs 1.8 years LoM production 2mt vs 1.94mt of concentrate previously . Sales: $2.15bn vs $1.4bn IRR 91.2% vs 51% post tax NPV7% $567m vs $200m post-tax We note Kodal has a JORC mineral resource of 21.3mt grading 1.11% Li2O and plans to process 2mtpa from this resource. We expect the SU study to help upgrade this to a reserve in due course. By comparison Firefinch’s Goulamina project has a mineral Resource of 109mt at 1.45% Li2O for 1.57mt contained Li2O with a mineral reserve of 52mt grading 1.51% Li2O. Pricing: the SU Metallurgical average sales price is based on a start price of $1,250/t for the first two years of production, reducing to $1,200/t for the following 2 years, and then $900/t for the remaining life of mine. The original study for the Bougouni Lithium Project proposes a contract mining operation and conventional "milling and flotation" processing facility, capable of treating 2Mtpa of ore, complete with associated infrastructure, to mine and process approximately 16Mt of pegmatite ore over an initial 8.5-year mine life for the production of a 6% lithium concentrate. Conclusion: The SU study is admirably cautious in its lithium price assumption of $1,060/t for 6% spodumene concentrate which still gives compelling NPV and IRR estimates. Kodal stated it continues to review opportunities for collaboration with third parties, including major mining groups, to support the development of the Project. We look forward to further news on the financing and future construction of the Bougouni project and on the publication of a mineral reserve for the upgrading of the SU to a full feasibility study. *SP Angel acts as Financial Advisor and Broker to Kodal Minerals.
backinblack80: Lol, BA states that Goulamina is a similar project..Are they further along than KOD?..only because they are a larger deposit and active a little bit longer says BA.Fails to mention that Goulamina has an actual Ore Reserve and yes, much bigger. BA states that the supply side for Lith is often over exaggerated because people move into the sector and to create interest claim potential that on further exploration fails to develop..hmmm......KOD still has only a tiny resource which even has to employ inferred resources to support a paltry 8.5yrs LOM. BA seems to think that the share price is low?? WTF.....
backinblack80: Dz, instead of bigging yourself up, try engaging your brain cell and respond to what's being said. As an Investor your mindset is dangerous. You seem to believe anything you are told by KOD and without question.... The lack of an Ore Reserve is a red flag. ffx, didn't proceed to a DFS after their original PFS, they eventually did a PFS and announced an Ore Reserve which wholly supported their LOM of 16yrs. KOD are not doing this. Also, Birmian's original PFS was much more detailed than KOD's And lot’s of clear caveats about it only being a resource based study. According to you and what I've read KOD are now doing the DFS. They appear only to be trying to increase the resource and convert more inferred to indicated. No plans for an Ore Reserve ? Currently, they couldn't support 8.5yrs LOM from a Reserve yet alone from their Indicated resource = low confidence. At the end of the day these studies are carried out at gr8 expense to attract finance and maximise returns to shareholders. I'm not necessarily criticising the route they are taking but I am questioning how they are framing things and consider their studies to be below par. They didn't even announce there FS in a standalone RNS, it was in an RNS titled ML lodged, very strange.... They say that 'The Feasibility Study presents a very robust mining operation' Really? The FS doesn't announce an Ore Reserve and even employs Inferred Resources to achieve LOM of 8.5yrs. How is this robust. ..... also, NPV7 is questionable.... In short, the more detailed the study the more marketable and attractive the project. This ultimately drives competition and the price parties are prepared to pay/invest. KOD do not appear to have that, so any offers will reflect this....that's the point! MC circa
the chairman elect: Kodal Minerals* (KOD LN) – 0.30p, Mkt cap £51m – Kodal raises £3m in oversubscribed placing to advance Bougouni Lithium Project in Mali Kodal Minerals reports the placing of £3m of new shares at 0.28p/s for the advancement of the Bougouni Lithium Project. Suay Chin International Pte Ltd invested in the placing and continues to offer technical support. Their ongoing funding seems meaningful from a technical perspective. Funds will be used to complete the Engineering and the important Environmental, Social and Community Engagement programmes along with more infill and extension drilling. The new drilling should increase and upgrade the current JORC resource giving greater confidence and certainty in the resource. Kodal will also drill other areas with potential to add further to the resource base. Metallurgical test work has confirmed recoveries of 75% vs 71% as assumed in the feasibility study with recoveries of >80% possible. Bougouni is fully permitted in Mali for development with an approved Mining licence and an Environmental permit. Spodumene prices have been driven higher by a supply/demand deficit for lithium products and feedstock. Prices are currently US$3,510/t for 5% Li2O CIF versus Kodal’s assumed price of $680/t in their 2020 Feasibility Study. Pilbara Minerals recently sold 5,000t of 5.5% spodumene concentrate at auction for $5,650/t equivalent to $6,164/t for 6% Li2O Bougouni lithium project key stats: 220,000tpa of 6% spodumene concentrate over an initial 8.5 years 68% recovery for the open pit 71% recovery rate of contained lithium based on laboratory metallurgical recoveries of 75%; >USD$1.4bn of total revenue at $680/t starting H2 2021 and rising 2%pa 2mtpa throughput with DMS and conventional flotation circuit. Recoveries are acceptable with the DMS on its own. USD$431/t C1 cash costs or USD$466/t inc. royalties and sustaining capital. US$117m Capex est. plus contingency: 1.7 year payback est. LoM production of 1.94mt of concentrate. Sales >$1.4bn assuming spodumene concentrate sales price of $680/t increasing 2% year-on-year; 58% IRR pre-tax 51% IRR post tax US$300m NPV7% pre-tax US$200m NPV7% post-tax Gold: exploration drilling will continue on advanced targets focussing on higher grade opportunities at Nielle in the Ivory Coast and Fatou in Mali Management supported the placing with new funds from the CEO and key executives including the project and country managers. Conclusion: Management have been approached by a number of parties and are currently assessing opportunities which may lead to the required funding and offtake for project development. Increasing the spodumene price assumption in the feasibility study will lead to a significant increase in the project NPV and IRR. Higher prices will be offset to a minor extent by assumptions on higher fuel and capital costs. *SP Angel acts as Financial Advisor and Broker to Kodal Minerals. The analyst holds shares in Kodal Minerals. A partner of share price Angel is non-executive Chairman of Kodal Minerals.
saint in exile: Yeah share price.So many share prices disconnected from their true value. I have been here since the kod and chips days
the chairman elect: Kodal Minerals* (KOD LN) – 0.30p, Mkt cap £47m – Kodal prepares for development at Bougouni Conclusion: Kodal’s technical team are working hard to prepare for the development of the Bougouni spodumene lithium project. Spodumene (6%) prices have risen to $2,710/t from under $900/t a year ago increasing margins for spodumene miners very substantially. We believe all the undeveloped lithium spodumene miners and project companies we are aware of are seeing approaches for their offtake and we expect a number of significant deals will be struck with processors and end users this year. *SP Angel acts as Financial Advisor and Broker to Kodal Minerals
deanmatlazin: astmarkets’ price assessment for spodumene 6% Li2O min, cif China was at $2,500-2,750 per tonne on January 21, up by $100-150 from $2,400-2,600 per tonne two weeks earlier, and up by $2,050-2,290 per kg (up 476.92%) from $450-460 per kg on January 27, 2021. Spodumene is a feedstock used to produce lithium salts. Lithium is a key ingredient in lithium-ion batteries that power electric vehicles (EVs), demand for which has been soaring over the past year. Since the end of 2020, lithium prices have been climbing as a result of China’s strong demand for lithium salts, while western countries have been scrambling to secure long-term supply agreements, fearing a shortage of the ultralight metal in the years ahead. While demand outstripped supply of spodumene, a spot market emerged for the lithium feedstock in 2021. At present, lingering tight availability of spodumene and the ongoing momentum of downstream lithium salts prices globally has prompted consumers to increasingly accept higher prices for spot offers of the feedstock. Fastmarkets’ price assessment for lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range exw domestic China was 350,000-370,000 yuan ($55,166-58,319) per tonne on January 20, up by 10,000-20,000 yuan per tonne from 330,000-360,000 yuan per tonne a week earlier, and up by 300,000-312,000 yuan per tonne (566.67%) from 50,000-58,000 yuan per tonne on January 7, 2021. Some market sources noted that due to current lithium chemical prices in domestic China, lithium producers in the country will still be able to maintain some profits if spodumene prices are negotiated as high as $3,500 per tonne, on the condition that the lithium price momentum lasts for the remainder of 2022. Emerging spot spodumene market Fastmarkets increased the frequency of its spodumene assessments from monthly to fortnightly, to better capture the emergence of a spot market characterized by more frequent liquidity over the past months. While the price assessed by Fastmarkets has shown a rapid uptrend – gaining close to 500% in the 12 months to January 2022 – sources in the market stress that a large volume of spodumene consignments was agreed at long-term contract prices set at the beginning of last year, or at the end of 2020. “For every tonne of material that is sold now on spot, you have to remember that the buyer most likely sourced the bulk of its purchasing volumes at a long-term price agreed a year ago,” a lithium converter source said. “That was two, three times lower than the spot price today.” “The tonnage you’ve seen traded on spot in the last two quarters are essentially a top-up orders for buyers who need those volumes to fulfill orders,” a second producer source said. The two sources suggested that the latest spot prices are not a full reflection of overall purchasing cost for a buyer of spodumene, but rather a glimpse into the extreme tightness lithium raw materials have faced. There are suggestions, however, that the fast-rising spot prices are affecting long-term agreements as well. Producer Allkem, for example, said in its latest report that “in 2022, annual contracts that previously had a fixed price will be linked to contract indices with an average of bi-monthly adjustments.” The company was mainly referring to lithium carbonate sales rather than spodumene; it says its spodumene sales are negotiated quarterly with long-term customers. Nevertheless, carbonate prices rose just as fast as spodumene, leading producers to opt for shorter agreements to better react to price volatility.
the chairman elect: Kodal Minerals* (KOD LN) – 0.30p, Mkt cap £48m – CEO in Mali to meet technical team and new Governor of Bougouni region Kodal Minerals report on their twitter account the CEO is currently in Mali meeting with Kodal’s technical team. CEO, Bernard Aylward is also presenting an update to the new Governor of Bougouni region on the company’s plans and future mining activities. Kodal recently reported strong progress at its Bougouni Lithium Project along with the granting of the project’s mining license in November. The license covers Kodal’s proposed open-pit mining and processing operation at Bougouni. The technical team are currently working to update the January 2020 Feasibility Study ahead of securing funding for mine development and construction. Kodal is also waiting on results from the Fatou gold project in Mali with results are expected this month. *SP Angel acts as Financial Advisor and Broker to Kodal Minerals
bazza521: Bougouni Lithium Project· Following grant of the Mining Licence, as announced on 8 November 2021, Kodal has commenced social impact and land usage studies for the community inclusion package for the mine development.· Kodal undertaking a review of processing plant and update of proposed capital costs with major Chinese contracting and construction firm. A report of proposed plant design and upgrades to cost estimates is expected by the end of January 2022. Bernard Aylward, CEO of Kodal Minerals, commented: "Kodal is now working on multiple projects across southern Mali and Northern Cote d'Ivoire, including working towards construction at our fully permitted Bougouni Lithium project and proving up what we believe will be a very significant global resource inventory across our gold assets. "This initial drilling programme at the Fatou Gold project is very exciting. The initial target area has widespread artisanal workings and the historic drilling has not been able to test fully the extent of the gold mineralised zone. Our initial drilling is planned to confirm areas of known mineralisation and attempt to extend to the north along strike. Our geologists are reporting zones of sulphide mineralisation that is expected to correlate to gold mineralisation and reporting new zones away from the artisanal workings. All our samples have been dispatched to the laboratory and results are expected in January 2022. "Kodal is now in the position of being fully permitted to begin development activities at the Bougouni Lithium project following the granting of our Mining Licence. We continue to focus on the community and environmental aspects of our development activity in the region and are building on our strong relationships as we move to finalise community development and compensation packages as part of our mine development. In addition, we have been undertaking a review of our existing Feasibility Study to upgrade costs and estimates to reflect current expectations and best practices. This work has included a review of our proposed treatment plant plans undertaken with a major Chinese consulting and construction group, to update our original capital estimates and look to improve our flowsheet and metallurgical recoveries. Results of this important work are expected by the end of January 2022. "The lithium spodumene market, and in general the lithium-ion battery market, is continuing to show very strong market sentiment. Kodal notes the increasing demand and price for the spodumene concentrate type it intends to produce and how the current market price exceeding US$2,300 per tonne of concentrate compares very favourably with the price of US$680 per tonne used as the initial price in our 2020 Feasibility Study. We have outlined a work programme required to update our feasibility study and increase confidence in our existing mineral resource estimate to allow a final investment decision in the first half of 2022."
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