Kodal Minerals (KOD)

Sector:

Mining

Index:

FTSE AIM All-Share

0.28p
   
  • Change Today:
      0.003p
  • 52 Week High: 0.39p
  • 52 Week Low: 0.21p
  • Currency: UK Pounds
  • Shares Issued: 16,904m
  • Volume: 23,771,833
  • Market Cap: £47.33m

Kodal partner withdraws from joint venture in Ivory Coast

By Duncan Ferris

Date: Tuesday 20 Feb 2018

LONDON (ShareCast) - (ShareCast News) - Kodal Minerals provided an update on its Ivorian joint-venture gold exploration projects on Tuesday, stating that Newcrest Mining intends to withdraw from a joint-venture.
The Dabakala licence will now be 100%-owned by Kodal, with Newcrest leaving after having completed updated interpretations of both geological and geophysical data at the project.

Meanwhile, Kodal has reported the discovery of a new anomaly on the Nielle licence, Kodal's single joint-venture with Resolute Mining, where a 7,000m reconnaissance aircore drilling program has been completed.

Bernard Aylward, chief executive of Kodal Minerals, said: "The gold mineralised intersections reported by Resolute at the joint venture project over the Nielle licence in Côte d'Ivoire are very encouraging for this reconnaissance phase of exploration."

A total of 542 holes were drilled, showing results including 16 metres at 1.1 grammes of gold per tonne of ore, 12 metres at 2.4 g/t gold, four metres at 3.4 g/t gold, and four metres at 3.9 g/t gold.

"Further results are pending from the reconnaissance programme, however Resolute has confirmed that the initial results from the drilling combined with the geochemical sampling indicate a programme of reverse circulation drilling is required to test this new gold mineralised zone," said Aylward.

Kodal Minerals holds a suite of gold assets in West Africa but the company's primary focus is on the exploration and definition of the lithium mineralization at the Bougouni project in Mali, according to its website.

As of 1527 GMT, Kodal Minerals' shares were down 2.59% at 0.18p.

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Kodal Minerals Market Data

Currency UK Pounds
Share Price 0.28p
Change Today 0.003p
% Change 0.90 %
52 Week High 0.39p
52 Week Low 0.21p
Volume 23,771,833
Shares Issued 16,904m
Market Cap £47.33m

Kodal Minerals Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.78% below the market average49.78% below the market average49.78% below the market average49.78% below the market average49.78% below the market average
26.23% below the sector average26.23% below the sector average26.23% below the sector average26.23% below the sector average26.23% below the sector average
Price Trend
32.38% above the market average32.38% above the market average32.38% above the market average32.38% above the market average32.38% above the market average
41.67% above the sector average41.67% above the sector average41.67% above the sector average41.67% above the sector average41.67% above the sector average
Income Not Available
Growth Not Available

Kodal Minerals Dividends

No dividends found

Trades for 08-Aug-2022

Time Volume / Share Price
13:57 1,667,284 @ 0.27p
13:42 1,350,000 @ 0.28p
13:41 1,333,813 @ 0.28p
13:21 13,716 @ 0.28p
13:20 25,183 @ 0.28p

Kodal Minerals Key Personnel

CEO Bernard Aylward

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