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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
  0.00 0.0% 0.095 63,475,333 14:00:14
Bid Price Offer Price High Price Low Price Open Price
0.09 0.10 0.0979 0.093 0.095
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.63 -0.01 12
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:04 O 32,379,428 0.092 GBX

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Date Time Title Posts
04/3/202111:29Kodal Minerals - Exciting Lithium Play3,942
29/12/202013:31KOD,0.135p to 0.27p rally due,the same as last year.609
08/12/202018:15Kodal Minerals - Lithium Prospects3,638
24/11/202000:10Kodal Minerals1,077
27/10/202012:52KOD, The Chinese Ј4m investment at 0.38p a share622

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DateSubject
04/3/2021
08:20
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 0.10p.
Kodal Minerals Plc has a 4 week average price of 0.08p and a 12 week average price of 0.07p.
The 1 year high share price is 0.17p while the 1 year low share price is currently 0.02p.
There are currently 12,344,541,143 shares in issue and the average daily traded volume is 47,861,943 shares. The market capitalisation of Kodal Minerals Plc is £11,727,314.09.
15/1/2021
07:33
the chairman elect: Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining 15 January 2021 Kodal Minerals plc ('Kodal Minerals' or the 'Company') Update on Gold Assets, the Fatou Project and Funding Agreement Kodal Minerals, the mineral exploration and development company focused on gold and its Bougouni Lithium Project in West Africa, is pleased to provide an update on its gold exploration projects in southern Mali and Cote d'Ivoire. Further, the Company provides an update on the Fatou Gold Project and proposed Funding Agreement announced on 17 December 2020 to provide up to US$2,500,000 from AIM-quoted Riverfort Global Opportunities plc and Riverfort Global Opportunities PCC (together the 'Investors'). Highlights · Review of the Fatou Gold Project ('Fatou') in Mali continuing with further field reconnaissance highlighting extensive artisanal workings and geological control on mineralisation. o Drilling programme being finalised with initial diamond drilling and Reverse Circulation ('RC') drilling planned for Fatou Main and Fininko prospects. o On-going review of historic drilling is highlighting zones of high-grade mineralisation that will be followed-up as a priority. · Kodal completed 508 surface geochemical samples at Dabakala project in Côte d'Ivoire to infill the extensive 8km x 2km surface anomaly. o Extensive artisanal workings identified along the strike of the geochemical anomaly further enhancing the Dabakala target zone. · Good progress made with the Investors in finalising the proposed Funding Agreement with due diligence nearing completion and documentation in progress - due to delays over the Christmas period an extension of two weeks has been granted to the Investors for completion of due diligence and completion of final contract. Bernard Aylward, CEO of Kodal Minerals, commented: "We are looking forward to commencing drilling at the Fatou Project as soon as possible once the Funding Agreement is finalised. The review is continuing to highlight opportunities to extend the previously defined gold prospect, as well as priority exploration targets. The focus of the drilling will initially be to confirm findings of previous drilling and geological information, however, we will also be targeting extensions to the mineralised structure to determine the size potential of the Fatou Project. "The extensive artisanal workings at the Dabakala project in Côte d'Ivoire that have developed along strike of our previously defined surface geochemical anomaly are a positive indication of this area. We are awaiting the assay results for the sampling and will be looking to continue to advance this prospect through a maiden drilling programme this field season. "We have been working closely with the Investors to finalise the due diligence and drafting of the final agreements for the proposed US$2,500,000 exploration funding to be used to progress the work on our gold projects. As requested by the Investors, we have agreed to extend the due diligence period by two weeks due to delays over the Christmas period, however, the process is well advanced. Kodal has received the initial funding advance of US$300,000 under the Term Sheet for the proposed Funding Agreement and has completed the stage 1 consideration payments for the acquisition of the Fininko and Fouti è re concessions that form the Fatou Project. I look forward to providing further updates in due course."
17/12/2020
08:01
skiboy10: Kodal Minerals acquires advanced gold project in southern Mali The project forms a contiguous landholding exceeding 300 square kilometres and has been acquired through agreements with local vendors. Kodal Minerals PLC - Kodal Minerals PLC (LON:KOD) has acquired the Fatou Gold Project in southern Mali. Fatou already has a historical compliant NI 43-101 resource of more than 350,000 ounces that is expected to increase based on a funded nine-month drilling programme, Kodal said. The project consists of the Fininko concession, which covers 100 square kilometres (sq km), and the Foutière Convention, covering 200 sq km. Kodal intends to kick-off a gold exploration programme at Fatou as soon as possible. To that end, it is considering a funding proposal of up to US$2.5mln from financing specialist Riverfort. The funding remains subject to due diligence and a final contract being agreed but currently, it is envisaged that Riverfort will have the option at some point in the future to convert the funding to a 40% stake in a gold joint venture with Kodal or convert it into Kodal shares at a price yet to be determined. Bernard Aylward, the chief executive officer of Kodal, said the funding would allow Kodal to speed up exploration of its gold projects “with a clear aim of defining mineral resources and demonstrating expansion and mining potential”. The creation of a joint venture will allow Kodal to explore opportunities to achieve value for the gold assets in the future, he added. “This is an exciting opportunity for Kodal to acquire an advanced gold project that has immediate drill targets for testing and that complements our existing gold project portfolio in southern Mali and northern Côte d'Ivoire,” Aylward said, in reference to the Fatou project. “This acquisition is part of Kodal's strategy to demonstrate the value of our gold assets in West Africa whilst simultaneously establishing our first mining operation at our Bougouni Lithium Project in southern Mali,” Aylward said. "Kodal's existing gold assets are located within the highly prospective Birimian sequence of West Africa. At our Dabakala project in Cote d'Ivoire, we are currently completing infill geochemical sampling on a large-scale geochemical anomaly, 10km strike by 800m width, in a previously untested region. In Mali, our Nangalasso project contains gold mineralised drill intersections requiring follow-up and extension drilling which will be included in the expanded gold exploration programme,” Aylward told investors. He added that the company’s primary focus remains the Bougouni Lithium Project, where the company is maintaining regular communications with the government concerning the company’s mining licence application. Approval of the request is anticipated “in the near term”. https://www.proactiveinvestors.co.uk/companies/news/936795/kodal-minerals-acquires-advanced-gold-project-in-southern-mali-936795.html
16/12/2020
09:46
dfb67: Zxie.....MLA process is taking so long. I’m doubting whether there actually is one....& if there is....the grant won’t make much difference to the share price as KOD appears to be going nowhere. I’ll continue to hold hoping I’m wrong!!
09/12/2020
08:41
robertjbeck: Given up trying to buy shares in KOD. Had a limit order in shortly after open for 1,000,000 @ 0.085 which was within quoted market size and price from CFEQ. However they did not execute and processed other trades for larger amounts at lower prices. I don't think that is acting in the best interests of the company. Decided not to build a position in KOD and cancelled the order. Will focus on SAV and VUL where better liquidity and less MM game playing. Took screen shots of level 2, trades executed and my order which I will share with KOD Investor Relations. They should be aware that MM are dissuading investors in their business.
08/12/2020
18:16
justtrying1: Junk share junk share junk share junk Junk share junk share junk share junk Junk share junk share junk share junk Junk share junk share junk share junk Junk share junk share junk share junk Junk share junk share junk share junk Junk share junk share junk share junk Junk share junk share junk share junk Junk share junk share junk share junk Junk share junk share junk share junk share
23/11/2020
11:00
the chairman elect: Kodal Minerals* (KOD LN) – 0.08p, Mkt cap £8.66m – Interim results highlight progress at Bougouni Kodal Minerals reported a loss in the six-month period ended 30 September of £255k vs £339k in the six-months to 30 September 2019 and £630k for the year to 31 March 2020. Admin expenses of £171k over the period were lower than last year’s £314k. The pre-tax loss was reduced to £255k compared to £339k recorded over the same period last year. A positive currency translation gain of £110k helped reduce the total comprehensive loss for the year to £146k. Kodal’s mining license application is proceeding through the new Mali transitional government, which has been confirmed by the relevant authorities, and all technical and compliance requirements completed by the company. Following the grant of this necessary mining license, the Bougouni Lithium Project will be fully permitted for development. The Company entered a Memorandum of Understanding with Sinohydro Corporation Limited, part of Power China, a massive Chinese parastatal engineering and construction contractor, to work together to develop the Bougouni Lithium Project. Sinohydro will work with Suay Chin and Shandong Ruifu Lithium Industry Co Ltd, which produces lithium carbonate and lithium hydroxide in China and is expected to take the Bougouni spodumene concentrate. Kodal entered into two financing agreements with Riverfort Global Opportunities over the six-month period, meaning the Company is now well-funded to continue its Bougouni Lithium Project in Mali and its gold exploration licenses in the Mali and Ivory Coast. Funding comprised of an equity sharing agreement announced in April 2020 which concluded 7 September, with Kodal receiving total proceeds of £654k vs the £500k subscription entered into the commencement of the ESA; and secondly an unsecured convertible loan note facility for US$1.5m drawn down in two tranches of $750k in July and October 2020. Bougouni key stats: 220,000tpa of 6% spodumene concentrate over an initial 8.5 years 71% recovery rate of contained lithium >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. 58% IRR pre-tax 51% IRR post tax US$300m NPV7% pre-tax US$200m NPV7% post-tax Bernard Aylward, CEO of Kodal Minerals, commented: "The six months ending 30 September have been a busy time for the Company in spite of the impact of the COVID-19 pandemic, associated travel restrictions and the political changes in Mali. Kodal has continued to focus on its flagship Bougouni Lithium Project and the progress of its Mining Licence application.” "The focus of the Company over the next six months will be on working with the Government of Mali to secure the Mining Licence for the Bougouni Lithium Project and continuing to advance the development of the Project. In addition, the Company will continue field work on its gold assets with work planned to commence in late November in Cote d'Ivoire at the Dabakala project. The Company is maintaining its suite of gold assets in Mali and Cote d'Ivoire, and is continuing to assess opportunities to generate value from them for the Company." *SP Angel acts as Financial Advisor and Broker to Kodal Minerals
30/10/2020
06:18
zxie: Check 5 year Share Price Chart .https://www.ii.co.uk/shares/kodal-minerals/LSE:KOD
30/9/2020
10:52
noirua: Kodal looks to lithium production in rising price environment BUY News that Sinohydro are looking at financing and engineering the developing Kodal’s Bougouni lithium project is great news for the company. The MoU between Sinohydro and Kodal gives Sinohydro a six-month exclusivity to complete its review and close a financing package for the mine. Sinohydro are working with Suay Chin and Shandong Ruifu who process spodumene concentrate into lithium products in China. Eranove a French electricity producer has locked in Sinohydro as the site constructor for the Kénié hydropower project in Mali which could provide green energy to Kodal in future years to meet the drive for environmental production. Lithium: demand for lithium is rising in China with sales of electric vehicles continuing to grow market share. New NMC811 batteries with greater range and faster charging capacity are likely to drive further demand particularly for SUVs and larger EVs. The European Commission put Lithium onto its critical raw materials list highlighting the vulnerability of new European battery manufacturing to Chinese supply as the Trade war tensions between the US, China and Europe ramp up. We see lithium carbonate prices rising with new battery manufacturing output as the world emerges from the COVID-Crisis with lithium prices likely to double from here over the next few years. Kodal minerals will hopefully start production into rising prices. Forecast payback period of 1.7 years; IRR of 58% (51% post tax). Pre-tax Project NPV7% of approximately USD$300m (NPV7% USD$200m post-tax). We see significant potential for a supply squeeze with the potential for European battery factories being squeezed out of a number of critical raw materials particularly due to Europe’s lack of processing capacity. Kodal Minerals is fortunate to have a high-grade lithium in spodumene project in a mining friendly region. The lithium concentrate from Bougouni has been demonstrated to be suitable for the furnaces at Shandong Ruifu making this a preferred project from a Chinese perspective.
09/9/2020
10:30
the chairman elect: Kodal Minerals* (KOD LN) – 0.08p, Mkt cap £8.9m – Kodal looks to lithium production in rising price environment BUY News that Sinohydro are looking at financing and engineering the developing Kodal’s Bougouni lithium project is great news for the company. The MoU between Sinohydro and Kodal gives Sinohydro a six-month exclusivity to complete its review and close a financing package for the mine. Sinohydro are working with Suay Chin and Shandong Ruifu who process spodumene concentrate into lithium products in China. Sinohydro is already busy in Mali focussed on green energy, hydropower and construction. The Chinese parastatal company is also rebuilding the airport in Mali, building roads and working on a drinking water project to the town of Bougouni. The company is also busy working on a hydro project in Guinea while mining in South America. Eranove a French electricity producer has locked in Sinohydro as the site constructor for the Kénié hydropower project in Mali which could provide green energy to Kodal in future years to meet the drive for environmental production. Lithium: demand for lithium is rising in China with sales of electric vehicles continuing to grow market share. New NMC811 batteries with greater range and faster charging capacity are likely to drive further demand particularly for SUVs and larger EVs. The European Commission put Lithium onto its critical raw materials list last week highlighting the vulnerability of new European battery manufacturing to Chinese supply as the Trade war tensions between the US, China and Europe ramp up. Auto manufacturers fear that China will Prices for Lithium carbonate at US$4,965/t are unsustainably low causing some mines to reduce production and work off stockpiles. We see lithium carbonate prices rising with new battery manufacturing output as the world emerges from the COVID-Crisis with lithium prices likely to double from here over the next few years. Kodal minerals will hopefully start production into rising prices. Bougouni key stats: Production 220,000tpa of 6% spodumene concentrate over an initial 8.5 years Recovery of 71% of contained lithium Total revenues >USD$1.4bn assuming a concentrate sale price of $680/t starting H2 2021 and rising 2%pa Throughput 2mtpa with DMS and conventional flotation circuit. Recoveries are acceptable with the DMS on its own. C1 cash costs of USD$431/t (USD$466/t inc royalties and sustaining capital). Capex USD$117m est. plus contingency: Forecast payback period of 1.7 years; IRR of 58% (51% post tax). Pre-tax Project NPV7% of approximately USD$300m (NPV7% USD$200m post-tax). Conclusion: The move by the European Commission to place lithium on the critical raw materials list indicates how concerned European auto manufacturers are to be sure of secure lithium supply. We see significant potential for a supply squeeze with the potential for European battery factories being squeezed out of a number of critical raw materials particularly due to Europe’s lack of processing capacity. China Inc is very quick to secure mine supply for its mineral processors and to do what it can to tighten its dominance in these markets. Kodal Minerals is fortunate to have a high-grade lithium in spodumene project in a mining friendly region. The lithium concentrate from Bougouni has been demonstrated to be suitable for the furnaces at Shandong Ruifu making this a preferred project from a Chinese perspective. *SP Angel act as financial advisor and broker to Kodal Minerals
07/9/2020
12:41
bidmsa: ALL OUT NOW Kodal Minerals PLC (LON:KOD) has been informed that all the shares issued under the equity sharing agreement with Riverfort Global and YA II have now been sold. As a result Kodal has received total cash proceeds of £654,000. An additional £100,000 has also come in from the exercise of warrants. There are no further payments to be made or received or shares to be issued pursuant to the equity sharing agreement. The success of the agreement is in part due to Kodal’s strong recent share price. The company has said it believes the share price strength is due principally to the announcement of its recently announced memorandum of understanding with Sinohydro in respect of the Bougouni lithium project in Mali.
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