Kodal Minerals raises £3mln to develop flagship Bougouni lithium project in Mali
"This oversubscribed placing demonstrates the ongoing support of our Bougouni lithium project,” said chief executive Bernard Aylward
Company
Kodal Minerals PLC
LON:KOD
Kodal Minerals PLC is a mining development and exploration company active in West Africa. The company's flagship project is the advanced Bougouni Lithium Project in southern Mali. Kodal also has a range of gold exploration projects in Mali and Cote d'Ivoire.
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Kodal Minerals makes progress on Bougouni lithium project, intersects gold mineralisation at Fatou project
At Fatou, five of the eleven completed holes failed to reach their planned depth due to the presence of artisanal workings and poor ground conditions
Kodal Minerals says timing of Bougouni licence 'very opportune'
Work at Bougouni currently is focused on the community and environmental aspects of the development
Kodal Minerals undertakes review of 2020 feasibility study on Bougouni lithium project
Kodal also announced that an initial drilling programme at the Fatou gold project has been completed and that results are expected in January 2022
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Kodal Minerals awarded mining permit for Bougouni
The feasibility will now be updated as financing talks ramp up
Kodal Minerals takes full ownership of Bougouni lithium project
The mineral exploration company bought the 10% minority interest from original owners Gorutumu Mining and Triumvirat Mining, which will each receive a cash payment of US$600,000 and a net smelter return royalty of 0.6%
Kodal Minerals hits high-grade gold at Nielle
Kodal has an attractive portfolio of West African exploration projects
Kodal Minerals making progress
The prelims showed the group has around £3.2mln in the bank
Kodal Minerals in strong financial position as it focuses on Bougouni lithium project
The company noted the recent resurgence of interest in the lithium sector driven by the focus on green energy
Kodal Minerals says licence application for Bougouni lithium project in final stages of approval
The new mining licence decree has been drafted and verified by the Ministry of Mines
Kodal Minerals says drilling returned wide, high-grade gold mineralisation at Nielle Concession
The drill hole results confirm a gold mineralised system that remains open along strike and at depth
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Kodal Minerals upbeat on gold exploration progress in Côte d'Ivoire
The company is also continuing to focus on its mining licence application in Mali and has now paid the licence application fee
Kodal Minerals moves a step closer to getting mining licence for Bougouni lithium project
Kodal said it will pay the £135,000 application fee promptly
Kodal Minerals ramps up Nielle gold exploration project
Two rigs will be running imminently at the project in Cote d'Ivoire
Kodal Minerals says mining licence application for flagship Bougouni lithium project is advancing
The Dabakala project offers the company the opportunity to make a significant gold discovery
Kodal makes strong progress towards securing a mining licence for Bougouni
The demand for lithium is expected to be strong in coming years, driven by the electric vehicle industry