leadf
logo-loader
viewKodal Minerals PLC

Kodal Minerals still has cash in the bank, following year of significant progress

Bougouni contains 21mln tonnes of ore grading 1.11% lithium oxide

Kodal Minerals PLC -
Lithium is in high demand for use in the next generation of batteries

Kodal Minerals PLC (LON:KOD) closed out the year to end March 2019 with cash balances of £1.4mln, according to the company’s latest set of financial results.

By the end of August cash stood at £570,000, after significant spending on the company’s lithium exploration projects in southern Mali.

In the past 12 months, the company has delivered a new resource for the Bougouni project, completed an environmental and social impact assessment report, and made substantial progress made on the ongoing feasibility study.

The company also continues to hold a portfolio of West African gold exploration projects

Quick facts: Kodal Minerals PLC

Price: 0.07 GBX

LSE:KOD
Market: LSE
Market Cap: £7.94 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Kodal Minerals PLC named herein, including the promotion by the Company of Kodal Minerals PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Morning report: FTSE falls as traders get back to their desks

The FTSE is lower after a long weekend despite UK factory output rising by the fastest pace in more than six years, albeit from a low level as businesses begin to get back to work.  Movers and shakers include AstraZeneca (LON:AZN) which has received EU approval for Imfinzi which is to...

2 weeks, 4 days ago

2 min read