viewKodal Minerals PLC

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 PLC -

Kodal Minerals PLC (LON:KOD) said geochemical sampling continues to return high grade surface samples at its Dabakala gold concession in central Côte d'Ivoire.

“We are making great progress with our gold exploration programmes in Côte d'Ivoire,” said chief executive Bernard Aylward.

“The wide-spread, consistent surface gold anomalism at Dabakala is an enticing prospect with multiple newly defined gold trends in a previously unexplored region. We are excited to undertake the reconnaissance drilling here to determine the potential for primary gold mineralisation to be discovered."

The AIM-quoted company also said that aircore and reverse circulation drilling has been completed at the Nielle concession, also in Côte d'Ivoire, with all samples dispatched to the laboratory for gold analysis.

“Our work at the Nielle Concession has targeted a strong zone of gold mineralisation identified from earlier work and our geologists have reported encouraging information from the drilling chips,” said Aylward. 

The company also said it is continuing to focus on its mining licence application in Mali, which is progressing as expected, and welcomed the confirmation of Monsieur Lamine Seydou Traore as the country's Minister of Mines, Energy and Water.

Kodal said it has now paid the mining licence application fee.

READ: Kodal Minerals moves a step closer to getting mining licence for Bougouni lithium project

“In addition to our mining licence application, we note the recent news of the proposed development partnership between our close neighbours at the Goulamina lithium project in the Bougouni region of Mali, and Chinese lithium manufacturer, Ganfeng,” said CEO Aylward. 

“This joint venture is a very positive indication of support for the Mali lithium sector and further indicates the strength of the lithium sector overall. 

“Kodal is well placed with its Bougouni lithium project moving closer to full permitting and the support of our major shareholder and off-take partner, Suay Chin International Pte, as well as other parties who continue to review and assess the development of our primary project.”


Quick facts: Kodal Minerals PLC


Price: 0.3763 GBX

Market Cap: £59.5 m

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