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Kodal Minerals beginning to get a real handle on the potential on offer at Bougouni

Snapshot

  • Progress at Bougouni lithium project in southern Mali
  • Run by experienced mining professionals
  • Gold assets add additional upside
Lithium

Quick facts: Kodal Minerals PLC

Price: 0.049 GBX

LSE:KOD
Market: LSE
Market Cap: £4.53 m
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What does Kodal Minerals do?

Kodal Minerals PLC (LON:KOD) is a junior explorer with a focus on West Africa, and in particular lithium and gold. The company is run by experienced exploration geologist Bernard Aylward, helped by mining engineer Luke Bryan, who has 20 years’ experience in the business, and Robert Wooldridge, who is a partner in UK broking house SP Angel.

 

What Kodal Minerals owns

The company’s primary focus is on the Bougouni lithium project in Southern Mali. Recent resources drilling has returned attractive lithium grades, and will be used in the compilation of a new JORC resource, due imminently.

Kodal also owns the 109 square kilometre Diendio project, which is comprised of three contiguous licence areas located approximately 280 kilometres south of Bamako, the capital of Mali. Access to the project is by sealed road from Bamako, then good access throughout the licence area by local road and track.

Kodal also holds a highly prospective suite of gold assets in Mali and Cote D’Ivoire.

Active joint ventures in Cote d’Ivoire are ensuring that funds are spent advancing exploration the company’s projects without detracting from the focus on Bougouni.

 

Video

 

 

What the boss says: Bernard Aylward

"The large amount of technical work currently underway represents 'significant components of our upcoming Feasibility Study", said Bernad Aylward, chief executve, in June.

 

Inflection points

  • JORC resource imminent for Bougouni
  • Well-funded, but all junior explorers return to the market for more cash in due course
  • Metallurgical testwork will provide further detail on viability of Bougouni
  • Design engineering is ongoing for the proposed processing plant

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