Kodal Minerals (KOD)

Sector:

Mining

Index:

FTSE AIM All-Share

0.27p
   
  • Change Today:
    -0.013p
  • 52 Week High: 0.39
  • 52 Week Low: 0.21
  • Currency: UK Pounds
  • Shares Issued: 16,904m
  • Volume: 21,228,706
  • Market Cap: £45.22m

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Kodal Minerals shares rise on Korhogo test results

By Josh White

Date: Wednesday 05 Oct 2016

LONDON (ShareCast) - (ShareCast News) - West Africa-focused mineral exploration and development company Kodal Minerals announced on Wednesday that it has received the results of the wide-spaced surface geochemical sampling programme recently completed at its 100% owned Korhogo Project in northern Cote d'Ivoire.
The AIM-traded firm said surface geochemical sampling has returned four new gold anomalous zones with assay values up to 92 parts per billion Au and strike lengths exceeding 3.5km.

A total of 640 geochemical samples were collected, with three rock chip samples and 34 quality assurance and quality control samples for a total of 677 samples dispatched to the SGS laboratories in Bamako, Mali.

"This area of Cote d'Ivoire has been very under-explored and this exploration confirms our view on the potential of this area to contain gold mineralisation," said CEO Bernard Aylward.

"Although exploration at Korhogo is still at an early stage, our sampling programme has now been completed targeting major geological features, areas of artisanal workings and identified shear zones.

"We are pleased to have defined four new gold anomalous zones as a result, and follow-up exploration is now required to define these zones and prioritise targets for first pass drilling."

Aylward said the company's current exploration programme is designed to target its highly prospective Bougouni Lithium projects in Mali, having recently raised £750,000 to rapidly advance the project towards JORC compliant status in the near term.

"However, we will also continue to advance our prospective gold projects to unlock the upside potential and ensure we realise value for our shareholders and the exploration expenditure."

At 1118 BST, shares in Kodal Minerals were up 5% at 0.1p.

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Kodal Minerals Market Data

Currency UK Pounds
Share Price 0.27p
Change Today -0.013p
% Change -4.46 %
52 Week High 0.39
52 Week Low 0.21
Volume 21,228,706
Shares Issued 16,904m
Market Cap £45.22m

Kodal Minerals Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.22% below the market average50.22% below the market average50.22% below the market average50.22% below the market average50.22% below the market average
19.67% below the sector average19.67% below the sector average19.67% below the sector average19.67% below the sector average19.67% below the sector average
Price Trend
50.42% above the market average50.42% above the market average50.42% above the market average50.42% above the market average50.42% above the market average
59.72% above the sector average59.72% above the sector average59.72% above the sector average59.72% above the sector average59.72% above the sector average
Income Not Available
Growth Not Available

Kodal Minerals Dividends

No dividends found

Trades for 09-Aug-2022

Time Volume / Share Price
10:51 3,000 @ 0.27p
10:51 9,500 @ 0.27p
10:51 5,555 @ 0.27p
10:51 1,500,000 @ 0.27p
10:21 162,952 @ 0.27p

Kodal Minerals Key Personnel

CEO Bernard Aylward

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