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: 22,154,575
  • Market Cap: £45.22m

Kodal pleased with final drilling assays from Bougouni project

By Andrew Schonberg

Date: Wednesday 08 Feb 2017

LONDON (ShareCast) - (ShareCast News) - Shares in Kodal Minerals fell more than 10% as final drilling assays from the Ngoualana prospect at Bougouni Lithium Project in Mali confirmed high-grade mineralisation.
"This prospect is continuing to exceed our expectations with the wide intersections of spodumene rich pegmatite remaining open along strike and at depth," said CEO Bernard Aylward.

He added that the drilling programme had also intersected a series of parallel and subsidiary pegmatite veins that were 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," said Aylward.

"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."

Kodal had been collecting samples for preliminary metallurgical testing, and testing multiple targets to ensure it fully evaluated 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."

At about 13:26 GMT, shares in AIM-traded Kodal were down 10.06% to 0.4p each.

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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 22,154,575
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
11:18 739,052 @ 0.27p
11:04 944 @ 0.27p
11:00 185,873 @ 0.27p
10:51 3,000 @ 0.27p
10:51 9,500 @ 0.27p

Kodal Minerals Key Personnel

CEO Bernard Aylward

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