Kodal Minerals (KOD)

Sector:

Mining

Index:

FTSE AIM All-Share

0.45p
   
  • Change Today:
      0.016p
  • 52 Week High: 0.88
  • 52 Week Low: 0.28
  • Currency: UK Pounds
  • Shares Issued: 20,241m
  • Volume: 24,117,060
  • Market Cap: £90.28m

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Only the rain will halt Kodal Minerals' drilling programme at Bougouni

By Duncan Ferris

Date: Thursday 19 Apr 2018

LONDON (ShareCast) - (ShareCast News) - Mineral exploration and development company Kodal Minerals announced on Thursday that it plans to continue drilling on its Malian Bougouni lithium project until the start of the rainy season in June or July.
Following the eventual halt of works at the southern Mali-based project in the summer months, the company expects to be in a position to commission a Joint Ore Reserves Committee (JORC) compliant mineral resource estimate.

Bernard Aylward, chief executive of Kodal Minerals, said: "We look to fast track our project towards a decision to mine in as short a timeframe as practicable. The drilling is focused on infill and definition at the Ngoualana and Sogola-Baoule prospects, while we are also testing multiple exploration targets to define additional high-grade pegmatite zones."

Metallurgical samples from the site are undergoing test work at a facility in Australia so that the company can expand on initial on-site test results and gain a deeper understanding of the project.

The company has also signed a contract for bulk sample excavation, crushing and transport in an effort to speed the project on to a decision to mine "in as short a time-frame as possible", following the issuing of new licences on 17 April.

"The bulk sample will provide us with critical information regarding the mining and processing characteristics of our mineralisation and the metallurgy will provide us with key information on the quality of the product as well as specific information to be included in potential processing plant design," said Aylward.

As of 1251 BST, Kodal Minerals' shares were up 3.08% at 0.17p.

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Kodal Minerals Market Data

Currency UK Pounds
Share Price 0.45p
Change Today 0.016p
% Change 3.72 %
52 Week High 0.88
52 Week Low 0.28
Volume 24,117,060
Shares Issued 20,241m
Market Cap £90.28m

Kodal Minerals Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
38.29% above the market average38.29% above the market average38.29% above the market average38.29% above the market average38.29% above the market average
62.24% above the sector average62.24% above the sector average62.24% above the sector average62.24% above the sector average62.24% above the sector average
Income Not Available
Growth Not Available

Kodal Minerals Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
09:43 568,437 @ 0.44p
09:40 71,558 @ 0.43p
09:40 8,888 @ 0.45p
09:40 44,444 @ 0.45p
09:40 180,582 @ 0.44p

Kodal Minerals Key Personnel

CEO Bernard Aylward

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