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: 22,540,897
  • Market Cap: £45.22m

Deal with Barclays    Trade now with Barclays Stockbrokers

Kodal upbeat on Bougouni assay results

By Josh White

Date: Wednesday 22 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Mineral exploration and development company Kodal Minerals announced all assay results had now been received for the drilling campaign completed at Bougouni in June on Wednesday.
The AIM-traded firm said high-grade mineralisation had been returned for the Sogola-Baoule prospect, where mineralisation remained open along strike.

Additionally, the company is updated the market on exploration drilling at the Boumou, South Bougouni and Ngoualana prospects, at which new lithium mineralised zones had been identified.

It said Sogola-Baoule mineralisation continued to extend to north-east, and had increased in thickness.

Mineralised intersections were said to be within broader mineralised zones up to 53m in downhole width.

Exploration drilling at the Boumou, South Bougouni and Ngoualana prospects, meanwhile, had identified new zones of lithium mineralisation within the project area.

All final assay results had been incorporated into the company database, the board said, and were being incorporated in the mineral resource estimate work that was progressing ahead of expected finalisation and release in September.

"The continued wide, high-grade intersections at the Sogola-Baoule prospect are very encouraging and highlight the potential of this prospect to be our main target area within the Bougouni project," said chief executive officer Bernard Aylward.

"We will be returning to this prospect in August to undertake diamond drilling to target geological information from infill drilling and further advance the prospect with extensional drilling."

Aylward said the firm was also "very pleased" that its exploration drill testing of new target areas continued to return "encouraging" mineralised intersections.

"Our focus during this drilling campaign has been on the Ngoualana, Sogola-Baoule and Boumou prospects to underpin a maiden resource estimate which we are targeting to release in September.

"However, we are also continuing to demonstrate further potential across our licence area and as a result there is significant scope to build on the initial resource estimate going forward."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

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 22,540,897
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
11:28 385,579 @ 0.27p
11:26 743 @ 0.27p
11:18 739,052 @ 0.27p
11:04 944 @ 0.27p
11:00 185,873 @ 0.27p

Kodal Minerals Key Personnel

CEO Bernard Aylward

Top of Page