Kodal Minerals (KOD)

Sector:

Mining

Index:

FTSE AIM All-Share

0.23p
   
  • Change Today:
      0.003p
  • 52 Week High: 0.47
  • 52 Week Low: 0.21
  • Currency: UK Pounds
  • Shares Issued: 16,904m
  • Volume: 51,453,080
  • Market Cap: £38.03m

Kodal Minerals secures rights to explore concessions adjacent to Goulamina site

By Iain Gilbert

Date: Wednesday 30 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Exploration and development outfit Kodal Minerals will acquire two new concessions within 25km of its Bougouni lithium project in Southern Mali.
Kodal inked an agreement with local Malian company Bambara Resources on Wednesday which gives it exclusive rights to explore two new concessions totalling 200km2 immediately adjacent to the Goulamina lithium project owned by Birimian.

The AIM-listed miner will now undertake a rapid exploration programme to take advantage of the low-cost entry into the "highly prospective" new concessions using its "existing proven geological team and infrastructure".

Kodal revealed the Agreement granted rights to acquire 80% of the concessions via option payments totalling £185,000 in cash and £195,000 in shares over three stages and also gave it the option to move to 100% ownership through an additional payment of £500,000 in cash and the granting of a 2% royalty to Bambara.

Chief executive Bernard Aylward said: "While our primary focus continues to be the development of our Bougouni Lithium Project, this new option agreement is a fantastic opportunity for Kodal to expand in this highly prospective region.

As of 1330 GMT, Kodal shares had climbed 5.14% to 0.19p.

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Kodal Minerals Market Data

Currency UK Pounds
Share Price 0.23p
Change Today 0.003p
% Change -1.10 %
52 Week High 0.47
52 Week Low 0.21
Volume 51,453,080
Shares Issued 16,904m
Market Cap £38.03m

Kodal Minerals Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.89% below the market average42.89% below the market average42.89% below the market average42.89% below the market average42.89% below the market average
12.07% below the sector average12.07% below the sector average12.07% below the sector average12.07% below the sector average12.07% below the sector average
Price Trend
6.57% above the market average6.57% above the market average6.57% above the market average6.57% above the market average6.57% above the market average
1.39% above the sector average1.39% above the sector average1.39% above the sector average1.39% above the sector average1.39% above the sector average
Income Not Available
Growth Not Available

Kodal Minerals Dividends

No dividends found

Trades for 24-Jun-2022

Time Volume / Share Price
16:20 2,537 @ 0.23p
16:15 215,197 @ 0.23p
16:13 88,105 @ 0.23p
16:11 2,876 @ 0.22p
16:03 44,052 @ 0.23p

Kodal Minerals Key Personnel

CEO Bernard Aylward

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