DYOR....but this is looking promising imvho!



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30 August 2016

Kodal Minerals Plc



("Kodal" or the "Company")



Acquisition of High Grade Lithium Project in Southern Mali



Kodal, the mineral exploration and development company with interests in West Africa, is pleased to announce it has entered into an agreement with Gorutumu Mining SARL ("Gorutumu"), giving Kodal the exclusive rights to explore and acquire a controlling interest in a prospective high grade lithium project in Southern Mali (the "Agreement"). This is in line with Kodal's strategy to identify value accretive strategic mineral opportunities in West Africa.



To view this announcement with the maps included (Figures 1 and 2) please click on the following link: http://www.rns-pdf.londonstockexchange.com/rns/3589I_-2016-8-29.pdf



Highlights

· The Agreement grants Kodal exclusive rights to explore the 250km2 Madina concession in southern Mali ("Madina" or the "Project") (refer Figure 1);

· As part of the Agreement, Kodal has the option to acquire a 90% interest in Madina by completing payments totalling US$140,000 over three annual stages with the initial payment of US$25,000 having been made to Gorutumu;

· Lithium bearing pegmatite units identified in the Project, with initial sampling returning high-grade lithium anomalies (>2% Li2O) (refer Figure 2);

· Historic geochemical sampling has indicated zones of anomalous lithium response associated with known pegmatite and has identified new areas to be reviewed;

· Field review and reconnaissance mapping of pegmatite occurrences to be undertaken immediately - geochemical sampling and prioritisation for drill testing will be completed with the aim of drilling as soon as possible;

· Key targets identified that have potential to advance the Project rapidly with the aim of delineating a mineral resource estimate;

· Lithium has been identified by the Board as a high-value strategic mineral having recently seen strong demand for batteries (electric cars and static storage) and tight supply apply upward pressure on prices;

· Madina is also prospective for gold mineralisation, with previous geochemical sampling returning anomalous gold values - review of exploration work and further follow-up will be undertaken following assessment of lithium potential;



Bernard Aylward, CEO of Kodal Minerals, said: "The market dynamics surrounding lithium are highly compelling, and I am delighted to announce the acquisition of, what I believe has the potential to be, a quality, high grade lithium project with identified priority targets and known mineralisation. The acquisition of Madina is a direct result of our team leveraging its extensive West African experience to identify value accretive opportunities to build a portfolio of quality assets. We now intend to apply our exploration expertise to the Project and rapidly advance it towards proving up a JORC compliant mineral resource. Further news regarding this exploration process, and concurrent work programmes across our gold properties, will be made in due course."


It's all looking very encouraging and perhaps the sp is finally starting to recover.

Consolidating at current levels.... sold half having 4bagged from .004

Will run the balance and see what happens

Had a 61.8% retracement and bouncing back with volume

Bounce from a 61.8% fibonacci retracement

0.1825p +0.01

Already up with volume of 74m shares and with movement of up and down all the time, was 0.195p soon after opening.


Introduction Fibonacci
Fibonacci Retracements are ratios used to identify potential reversal levels. These ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracement is 61.8% . After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback.
After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback.

The key Fibonacci ratio of 61.8% - also referred to as "the golden ratio"

Nangalasso Project in Mali is located in an area criss-crossed with artisan workings – ground that has barely been tackled with modern methods… locals have simply been using hand tools to dig up gold:

Back on the ...By Trends and Targets | Wed, 7th September 2016 - 23:44

KODAL MINERALS (LSE:KOD) This has experienced a couple of interesting sessions, actually proving quite a surprise. The other day when the price reached .2275 it managed to better our initial "breakout" target of 0.22 very slightly and now, we're hopeful the reversal since has simply been a gap closure exercise. In the event of this now managing to CLOSE a session above 0.16p again anytime soon, it moves into a playground where anything above 0.2275 calculates with an initial ambition at 0.32p but the "longer term" secondary is quite a surprise, coming in at 0.8225p.

Presumably this will require some pixy dust sprinkled on news reports as the price has a really foul history.

Another day of large volume and rising after almost reaching a double bottom

One of Mattiasfund post
Some people are trying to work out/justify where KOD might be regarding near/mid/long term Market Capitalisation.

For a bit of speculation and fun (and this calculation is very much hypothetical) what 'could' happen if just ONE of our gold JV projects succeeds?

Take a look at one of our JV concessions - Dabakala South Extension - JV Newcrest (NCM ASX) MCap A$17.6 Bln (BILLION)

Newcrest completed the Joint Venture with Taruga (now) Kodal on the Dabakala South Extension due to the anomalies (The Birimian Greenstone Belt) that they found at their BONIKRO Licence.

Newcrest also found the Birimian Greenstone Belt on their own Dabakala (main) licence and followed it South - into the Kodal owned Dabakala South Extension (hence the JV)

If, Newcrest (who are currently active on our Dabakala South Concession) find what they expect (They have committed to spending US$1.7mln to complete their earn-in rights) and if it's anywhere near the resource at Bonikro - here's what the figures 'could' look like:

Bonikro

Details from: http://www.newcrest.com.au/media/agm/NCM_Annual_Report_2015.pdf

Production in 2015 = 119,970 oz AU
Spot gold (today) = US$1310+/-
Gross Value AU = US$157,160,700
"All-In Sustaining Costs" = £A$896 = US$674 oz AU
119,970 x US$674 = US$80,859,780 (All-In Sustaining Costs)
Gross AU less All-in Costs = US$76,300,920 p/a

Newcrest have a 75% earn-in which gives Kodal (25% Free carry) = US$19,075,230 p/a net to Kodal
Using a conservative factor of 5 T/O to Mcap = US$95,376,190
US$ conversion to GBP @ todays rate 0.67+/- USD/GBP = £72,257,771 (Market Capitalisation KOD)

Making this equation more conservative - reducing the overall oz AU to only 25% (Assuming a p/a prod' of 30k oz AU) of the above calculation, would still equate to a GBP MCap for KOD of Circa £18mln (Million)

These are just hypothetical figures and until we know a lot more detail - it will be impossible to gauge anywhere near a true Market Capitalisation for Kodal.

BUT, this 'guesstimate' only looks at one of our gold concessions.

We also have

* Another seven (7) Gold concessions
* A Zinc mine in Norway
* Our newly acquired Lithium project

AND:

* Circa £600k Cash in hand
* A business plan that is shrewd and proven
* ZERO Debt
* A CEO with years of experience in West Africa (Bernard is also a Geologist)
* Resource sector at the start of a new trend.
* Kodal at the beginning of its journey
* Sentiment on the rise
* Media exposure
* Massive up-side
* Minimal Risk

0.15p +0.0075 (+5.26%)

Another rising day with some large trades in the morning

Gold Anomalous Zones in Nangalasso Trench Samples Kodal, the mineral exploration and development company with interests in West Africa, is pleased to announce it has received final results for the trench sampling completed at its Nangalasso project ("Nangalasso" or the "Project"), located in Southern Mali.

Highlights
· All trenches returned anomalous gold values that confirm the surface gold anomalism previously defined at Nangalasso.
· Five trenches completed for a total of 264m with a total of 88 composite trench samples, six rock chips samples and QAQC (quality assurance and quality control) samples. A total of 103 samples dispatched to SGS laboratories in Bamako, Mali.
· Assay results returned a maximum value of 3m at 0.37g/t gold in trench NNTR009.
· Trench NNTR005 contained zones of anomalism associated with veining and alteration with intersections including 3m at 0.27g/t gold and 6m at 0.12g/t gold. This trench is located along strike from previous drill intersections and previous trenching that returned significant mineralisation.
· Trench positions were located to target areas of active artisanal mining and follow-up defined structural trends to improve the targeting of the proposed aircore drilling programme.
· Rock chip sampling returned anomalous results with a best result of 0.23g/t gold associated with a brecciated quartz vein within altered metasedimentary units.
· The next phase of exploration at Nangalasso is a programme of field mapping and targeting of the extensions of the defined gold anomalous zones followed by a program of aircore drilling looking to test the depth potential of the gold anomalies beneath the surface affects.


Bernard Aylward, CEO of Kodal Minerals, said: "These results confirm the surface gold anomalism at Nangalasso. The trench samples have highlighted extensive zones of alteration and structural shearing that is an important target for drill testing at depth. Previous drilling completed at the project has returned significant gold intersections, so we are confident the surface anomalism is reflecting potential primary gold mineralisation. The trench sampling has confirmed broad anomalous zones, with up to 45m in width of anomalous values returned. The next steps will be to perform further field geological mapping and sampling to define the zones of alteration and structural complexity prior to undertaking further aircore drilling.

"Follow-up exploration will be planned in conjunction with the commencement of exploration activities on our recently acquired high grade lithium concessions which together form the Bougouni Lithium Project in Southern Mali. Exploration work to date at Bougouni has indicated the strong potential for high grade lithium mineralisation and it is with this in mind that we are prioritising our efforts here in the short term. We will however continue to advance our gold projects and anticipate the release of updates following the completion of soil sampling at the Korhogo Gold Project in Cote d'Ivoire and on-going work programmes across our additional gold projects in due course."

Further Information

Nangalasso Project
The 345km2 Nangalasso Project consists of two concessions, the Nangalasso and Sotian concessions, over which Kodal holds exclusive access and option to purchase agreements. The project is located in Southern Mali, approximately 250km from the capital of Bamako and 15km to the west of the world-class Syama Gold mine operated by Resolute Mining Limited (RSG:ASX).

Previous exploration at Nangalasso has consisted of surface geochemical sampling, auger geochemical drilling, trench sampling and wide-spaced reconnaissance aircore drilling. A large geochemical gold anomaly has been defined at Nangalasso and results from the reconnaissance drilling include 3m at 7.1g/t gold within a broader zone of 21m at 1.25g/t gold, 3m at 7.84g/t gold, 1m at 7.8g/t gold and broad anomalous zones from trench samples including 7m at 3.84g/t gold.

The trench sampling programme consisted of 5 separate trench locations for a total of 264m. Trenches were dug to a depth of 2m below surface, and samples were collected on a 3m composite basis. This sampling is considered a surface geochemical test and provided information regarding the depth of transported cover, information on the geological structure and alteration as well as confirmation of the surface gold anomalism.

This programme has confirmed the widespread surface gold anomalism at Nangalasso. The identification of the strong alteration, quartz veining and shearing highlight targets of geological interest and the results from the very wide-spaced and reconnaissance drilling completed to date indicates that the surface gold anomalism reflects the sub-surface gold mineralisation.

The Company intends to perform further field geological mapping and sampling to define the zones of alteration and structural complexity prior to undertaking further aircore drilling.

The exploration results and activity reported in this announcement has been reviewed by Mr Bernard Aylward who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Aylward has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' and a Qualified Person as defined in the AIM Note for Mining and Oil & Gas Companies dated June 2009. Mr Aylward consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

0.1225p +0.0075p (+6.52%)

another move up as volume is picking up once again

0.18p +0.055 (+44.00%)

it went over 0.20p at one time, plenty of profit taking as expected after such a rise...........

Kodal reports high grade samples at Bougouni

Kodal Minerals confirms further high grade rock chip results from the reconnaissance rock chip sampling at its lithium interests in southern Mali.

The sampling programme was undertaken in November and the results from the first samples were announced on 7 December with this current announcement covering the final 44 samples. The company also reports that the first pass reverse circulation drilling programme targeting three priority areas at the Bougouni lithium project has been completed. The drilling targeted the Sogola, Ngoualana and Kola veins. Highlights: - High-grade lithium mineralisation at Bougouni continues to be returned in rock chip samples.

- Assay results up to 2.03% Li2O (Lithium oxide) returned for sampling at a newly identified pegmatite vein located to the south of the Bougouni concession area.

- Rock-chip sampling confirms high grade lithium mineralisation at the Ngoualana (pronounced N-gwar-lana) prospect with assays up to 1.9% Li2O.

- RC drilling completed at Bougouni with a total of 18 drill holes for 1,323m.

- All samples for the drilling have been submitted for laboratory analysis and results are expected by the end of January 2017.

Chief executive Bernard Aylward said: "We have completed the initial reconnaissance drilling at Bougouni and are now eagerly awaiting the assay results. Our ongoing geological mapping and rock-chip sampling programme is continuing to return high-grade lithium samples and is defining new target zones. These results from our ongoing exploration programme highlight the prospectivity and value of our Bougouni project.

"Kodal has a busy exploration programme planned, with a focus on our Bougouni and Diendio lithium projects."

Daily Mail -31 December 2016

Mining company Kodal Minerals soared after it revealed it had unearthed high-grade minerals at one of its sites.
The London-listed exploration company, which mines and develops minerals from West Africa, said 44 samples from its base in southern Mali showed proof of further high-grade lithium minerals.
It added that all samples for the drilling have been submitted for laboratory analysis and the results are expected by the end of January 2017.
Shares in Kodal rose 40 per cent, or 0.05p to 0.18p.

Finishing at 26p with large spread and all MMs with 2p spread very unusual as the normal thing is 0.50 or 0.25p, almost like they are expecting something to happen tomorrow morning.

"Rumours late on the day of talk over on some of the Aussie BB's reference Aussie listed BGS that the Chinese are not only looking but actually starting to buy into KOD!"

Chart looks bullish with all that volume

0.3025p +0.0425p

Breaking new highs with volume 239m in 1 hour of trading

Monday should be interesting having had a speeding ticket issued late Friday afternoon... it was a very good week for the sp. I sold some earlier on Friday to realise some profits so will run the rest and see what happens!

China continues dominance of global renewable energy - JANUARY 10, 2017 CHRISTIAN ROSELUND

A new report examines China’s clean energy investments, which go well beyond its borders, as well as its increasing dominance of PV production and lithium ion processing.

It is no secret to anyone working in solar that China is the center of the global solar industry, as well as its largest market. But this is just the beginning. A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) documents how China is increasingly coming to dominate not only solar PV, but the lithium-ion battery value chain and clean energy investment globally.

China’s Global Renewable Energy Expansion notes that the nation invested $103 billion in non-hydro renewable energy and associated low-emissions technology in 2015, two and half times that of its nearest competitor, the United States.

China is not only investing in domestic clean energy projects, but increasingly overseas as well. In the report IEEFA documents eleven massive deals through which Chinese firms invested $32 billion in overseas clean energy transactions in 2016 alone, including Trina Solar’s purchase of Solland’s Dutch cell factory and GCL’s purchase of a majority stake in Australian solar distributor One Stop Warehouse.

In the report IEEFA also notes increasing Chinese dominance of wind and solar manufacturing, with Chinese companies making up five of the world’s six largest PV makers. Additionally it documents Chinese presence in hydropower and nuclear power – but particularly revealing is the section on lithium-ion batteries.

The report finds that China is taking over large parts of the lithium-ion value chain, with China’s Tianqi Lithium becoming the world’s largest lithium-ion manufacturer after buying up its rivals, and BYD and CATL challenging Tesla for leadership of the lithium-ion battery and electric vehicle industries.

“Chinese leadership and control of the global lithium sector is developing along the lines of the rare-element mining and processing sector, which is now 90% and 72% controlled respectively by Chinese enterprises after the financial collapse of Molycorp US in 2015,” notes the report.

IEEFA notes another detail which is not lost on Western PV makers – that China’s growing investment in wind and solar manufacturing is sharply driving down costs. “The extent of China’s domestic investment in renewables has surpassed all expectations, with the resulting technology development and economies of scale driving down costs to the point where renewables are exceeding grid parity in an increasing number of market segments” declares the report’s introduction.

The organization, which is based in the “rust belt” city of Cleveland, Ohio, also slips in a note of warning for the United States, alluding to danger of potential neglect of this growth sector by President-Elect Donald Trump and the Republican Congress. “A change in leadership in the U.S. is likely to wid

0.57p +0.08 +17.44%

Has been going places for the last few days with plenty of volume as the BREAKOUT continues

Took some 4bag profits this morning but still in with a reduced holding running the balance. Lets see what happens!

0.4075p -0.105p

Share price is having a retracement after such a rapid rise, so far is close to 38.2% 0.39p Fibonacci, at this point usually has a bounce, any more retrace will meet with 50% and support around 0.33p

O.44p + 0.0325p (+7.98%)

Well well, all went as the 38.2% fibo was saying, not only has stop falling but it did bounce nicely, now tomorrow is another day

intraday 15 minutes candlestick

0.49p +0.05p

nice to see the bounce is now very strong, and there is volume on the rise

0525p +0.0775 (+17.51%)

First Drilling Assays at Bougouni Lithium Project

Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to announce the receipt of the first assay batches for the reverse circulation ("RC") drilling programme at the Bougouni lithium project, Southern Mali.

Highlights

· First drill hole at the Ngoualana prospect has returned 21m at 1.7% Li2O from 62m depth, including a high grade core of 12m at 1.81% Li2O from 69m

· A further seven drill holes from Ngoualana are awaiting assay results, with drilling continuing to intersect a wide (up to 30m down hole) main pegmatite vein and multiple subsidiary and parallel veins

o A strike length of over 250m has been intersected in drilling and remains open along strike

· Drilling at the Sogola prospect has confirmed high grade, near surface mineralisation and intersections include 3m at 1.92% Li2O from surface, including a maximum value of 2.94% Li2O

· Results indicate that at Sogola the pegmatite has split into several narrow veins that remain open at depth and along strike

· Drilling at the Kola prospect has confirmed the pegmatite veins and returned high grade assays up to 2m at 1.94% Li2O

· Kola is a narrow, continuous pegmatite unit that remains open at depth and along strike

o Coarse spodumene has been noted in drilling and this closely relates to the assay results - assay results are pending for the additional two Kola drill holes
---------------
bonkers chart
http://bonker99.com/chartpictures?chart=KOD%20Kodal%20Minerals.png

All looking good imho. onwards and upwards!

S P Angel who are KOD's broker....

Kodal Minerals* (KOD LN) 0.53p, Mkt Cap £27.4m – Bougouni lithium project shows 21m grading 1.7% lithium

Kodal Minerals reports its first batch of drilling samples from its ongoing drilling campaign at its Bougouni lithium in Mali.

The best results out of the first seven ‘RC’ holes out of 18 drilled to be reported using a 1.0% cut-off:

Ngoualana: 21m at 1.7% Li2O from 62m including 12m at 1.81% Li2O from 69m

Sogola: 3m at 1.92% Li2O including 2.94% Li2O - Sogola has a strike length at surface of >300m

Kola: 2m at 1.94% Li2O.

The drill results show the pegmatite veins to be lithium rich with relatively high-grade lithium mineralisation when compared against other spodumene pegmatite veins and lithium producers.

Prices for spodumene concentrate are reported to be around $600/t, with Birimian Limited using an assumed price of $537/t in their scoping study released yesterday.
Of the 328 samples assayed and received the maximum grade returned is 2.92% Li2O with >16% of samples returning values of >1% lithium.

Conclusion: We have to say well done to Kodal. Drilling for lithium in Spodumene pegmatite veins might look like ‘shooting fish in a barrel’ but as anyone who has tried to shoot a fish in a barrel will know, it’s not as easy as it first looks and we know many a geologist who has missed the most ‘obvious’ of targets. It’s even more impressive if the targets are at depth but fortunately for Kodal the targets start at surface and the mineralisation appears to continue to >100m.

The drill ‘truth machine’ has spoken and it looks as if Kodal has a new lithium discovery on its hands.

Observers of Birimian Limited, which published a scoping study on the similarly-named Bougouni (Goulamina) project yesterday will be aware of the potential economic parameters of Birimian’s project. Birimian is to publish a Feasibility study in the June quarter which will give greater definition to and better establish the potential value of the Bougouni project. Kodal may be able to draw similar conclusions for its own lithium prospects depending on the results of this and further rounds of drilling.

KOD 28.25p ( 28/28.50p)

Full retracement done @ 27p time to bounce from here.

Chart done yesterday

0.31p - -0.0275 (-8.15%)

extract from Ubique's 150 upvotes post

" CAPEX requirement to get us started is crazily low. A reputable Chinese firm would be able to sneeze out $47M. Increasing to a 2Mtpa operation would probably only increase the requirement to ~$70M for stage 1. I really like the idea of staging CAPEX as proposed in this study, minimizes risk and dilution to shareholders.

Our mining and processing costs are the lowest in the world. These will only decrease further as the size and grade of the deposit increases plus with the IP and resources of a Chinese mining partner onboard. Refer to cash cost comparison table below:..."

...... Lithium produced from brine is generally in the form of lithium carbonate, I assume, as it is more cost effective and simpler to manufacture. However in order for it to be suitable for battery production, it must meet a certain assay specification, which brine-produced lithium does not meet. The unsatisfactory lithium carbonate is then converted to lithium hydroxide or other lithium salts. This process removes the undesired impurities when the final product is “worked up”. This obviously adds a significant additional cost of goods to the end user of the lithium as the product is essentially being manufactured twice.

Lithium hydroxide can be produced directly from spodumene concentrate, and it can be produced to purities greater than the required battery grade specification.

Https://hotcopper.com.au/threads/positive-scoping-study.3209300/#post-22414004

Last Friday closing Candlestick has formed.........

.........Last Pattern:BULLISH HARAMI

0.345p +0.05p

signs that finally wants to move forward after the recent bottom and up and down around that point

The Chinese are coming.........

Completion of £500,000 Placing, Proposed Off-Take Agreement & Proposed £4.3 million Strategic Investment

Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to advise that is has completed a £500,000 share placing (the "Placing") and entered into an agreement to commence negotiations for an off-take agreement for the future spodumene concentrate produced from its Bougouni Lithium Project, in Southern Mali (the "Project") as well as a potential further investment into the Company of up to £4.3 million (the "Agreement").

Highlights

· Agreement is with Suay Chin International Pte Ltd ("Suay Chin"), a Singapore registered company formed to take advantage of its extensive connections to supply the Chinese lithium market with a range of clients from acid producers to lithium carbonate producers and to the final lithium-ion battery manufacturer.

· Suay Chin has strong support from Shandong Mingrui Chemical Co Ltd, which is a long-term supplier to existing lithium carbonate producers in Shandong Province.

· £500,000 placing completed with Suay Chin at an issue price of £0.003 per share for the issue of 166,666,667 new ordinary shares of 0.03125 pence each in the Company (the "Placing Shares") - representing a 30% premium to the closing share price on the date prior to this announcement.

· The Company and Suay Chin have agreed to commence negotiations immediately for an off-take agreement over 20% of the spodumene concentrate to be produced from the Project, with potential for this to increase to 100% at a later date.

· The Agreement allows Suay Chin a period of 30 days to undertake due diligence on the Company and the Project, including conducting site visits, preliminary metallurgical testing and confirmation of geology.

· Following the due diligence period and if successful, the Agreement contemplates Suay Chin completing a second share placing within a further 15 days (or 30 days with Kodal's consent) to increase its shareholding in Kodal to 20% at a price of £0.0038 per share (expected to result in a further cash investment of approximately £4.3 million) (the "Second Placing"). The price of the proposed Second Placing represents a 65% premium to the closing share price on the date prior to this announcement .

0.295p

Seller on the stock gone with the lot reported on one delayed trade 169M

Pelamis had left ..........169,575,760 - 3.15%
Had almost a retracement of 61.8% 0.2635p considered a bounce point
it bounced from 0.27p once the trade was released

chart done on the 21th

High-Grade Lithium Mineralisation at Bougouni Project Confirmed by Assay Results

Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to announce that initial assay results have been returned from the exploration drilling programme currently underway at the Company's Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project"). The initial results are from the first-pass drilling at new prospects "Sogola-Baoule" and "Boumou" and confirm high-grade lithium mineralisation within the pegmatite intersections.

Kodal Minerals is also pleased to advise that the potential further investment into the Company of up to £4.3 million by Suay Chin International Pte Ltd ("Suay Chin"), details of which were announced on 10 March 2017, is progressing well. Suay Chin has informed the Company that it has satisfactorily completed its due diligence procedures and the parties are now negotiating the final terms of the investment agreements. Completion of the investment is subject, inter alia, to finalisation of the definitive agreements and further updates will be provided as soon as possible.

Highlights
· Initial assay results have confirmed lithium mineralisation at two new prospects.
· Sogola-Baoule prospect: results received for four of the five drill holes with significant mineralisation including:

o 9m at 1.84% Li2O from 186m;
o 11m at 1.65% Li2O from 131m; and
o 8m at 1.53%Li2O from 117m.
more..........

0.315p +0.0125 (+4.20%)

Large volume by lunch time 90M

I'm still in and have added a few times recently. All looking good and imho.

A hold and wait strategy seems best for now

Holding around this price with ups and downs, but ready to surge soon. Due another exploration update after the last RNS - the rig was finishing up follow-up drilling at the Sagola-Baoule prospect - . Low mcap of £18m

spread 0.28 v 0.29p

buys at 0.286p and sells at o.2825p

level 2 of 2 v 1

Never thought I would get in at these levels again!! So undervalued IMHO.

best of the day @ 0.29p

has been weak of late, but for the last couple days is moving ahead well with volume

0.3075p +0.0325p

rising with volume 105M

No wonder ..... Chairman buying

Director/PDMR shareholding
Kodal Minerals, announces that Robert Wooldridge (Chairman of the Company) has today purchased 26,520,195 ordinary shares of 0.03125 pence each in the Company ("Ordinary Shares") at a price of 0.2825 pence per Ordinary Share. Following this purchase Mr Wooldridge is beneficially interested in 76,938,144 Ordinary Shares representing approximately 1.23 per cent. of the Company's issued ordinary share capital.

After some time of going nowhere last Friday there was another good move up with volume.

more chinese investment at 0.38 by 31st july.. 2nd lot is due at this date.

The Times article here if you don't subscribe.

Until the 1970s, there was limited demand for lithium, the lightest metal. It is used in industrial applications such as ceramics and glass and metallurgy. It is a treatment for mental conditions, such as bipolar disorder. It is a component of nuclear bombs.

Generally, though, in areas such as Cornwall, where lithium seeps out of the ground, it was overlooked for centuries, miners concentating on more valuable metals such as tin. All that changed with the development of the lithium-ion battery, first used in home electronics and now in demand for electric cars. As manufacturers such as Volvo look to phase out the internal combustion engine and Tesla, the Palo Alto carmaker, prepares to roll out its Model 3, the first car to be squarely aimed at the mass market, demand for lithium-ion batteries can only grow, presumably peaking at the time when the internal combustion engine is consigned to history and every vehicle is electric.

Some have wondered whether the planet can produce enough of the metal to keep up with that demand from the automotive industry and whether Tesla and the others are producing cars that eventually will contain no batteries — it plans to make half a million cars next year.

The miners, including four tiddlers quoted on the London Stock Exchange, are scrambling to find new sources and ramp up production. As SP Angel, the broker specialising in mining stocks, said in a note this week: “The race is on for miners to secure their place within the lithium supply chain while lithium processors appear fairly desperate for feedstock at the right quality and the right price.”

John Meyer, an analyst at the broker, plays down fears that we may run out of the metal. “There’s more than enough lithium in the world. It’s getting the whole supply chain up and running. It’s getting enough mines into production.”

The global industry is dominated by an oligopoly of big players who will strive to keep their stranglehold intact. They include the New York-quoted Sociedad Química y Minera de Chile, operating in a country where plentiful supplies of lithium are produced, and another two NYSE companies, Albemarle and FMC. The three are reckoned to account for about half the whole market. For anyone who wants to invest in a lithium boom, the shares are easily traded and can be bought via the usual dealers here.

Two other big operators are Chinese. China is central to the lithium story, Mr Meyer says, because that is where the action is. Processors who refine the metal into the form used in batteries are desperately sourcing new supplies. One Singaporean business that supplies the Chinese chemicals industry and the lithium processors, in particular, is taking a 19.99 per cent stake in one of those four companies on London’s Alternative Investment Market, Kodal Minerals.

This is seeking to produce lithium in Mali, western Africa, with first production expected within a couple of years.

A second, Bacanora Minerals, is seeking to develop its Sonora project in Mexico. A feasibility study is expected by the end of the year. If the project gets the go-ahead, first production could start in 2019.

The third is Savannah Resources, which this month has raised £1.3 million and is developing newly acquired assets in Portugal. Last comes Cadence Minerals. This, the renamed Rare Earth Minerals, adopts a more portfolio approach, taking stakes in mainly lithium mining projects and companies in areas such as Australia, Mexico, Namibia and the Czech Republic, and has more than £40 million invested so far.

“I think companies like Kodal and Savannah and Bacanora are the way forward,” Mr Meyer says, “but there’s risk associated with it.” And how. The fledgling lithium mining industry makes those wildcat oil and gas explorers that have made and lost investors’ fortunes over the years look like a sure thing. The upside is that if they become too successful, one of those big players will roll over and buy them.

Another positive call last Friday after closing, apart from the large volume and good rise ............

BUY signal from British Bulls after closing last Friday

KOD
Last Signal:BUY
Last Pattern:BULLISH ENGULFING

Last Close:0.31p Change:+0.025 Percent change +8.77%
Signal Update Our system’s recommendation today is to BUY.

The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.295p

All looking good here for the med/long term imvho.

Still have my original holing and will continue to hold.

GLA!

Already hold Orocobre, LIT and others and added this on the back of the Times article. There will be some interesting developments in the coming years.

Classification of Mineral Resources and Reserves

In the early days of mining there were no standards for the reporting of mineral assets. Companies, or individuals, would usually take grades observed in drill core and using some clever geometry extrapolate them to define a deposit. This usually involved a large amount of guesswork and errors in the tens of percents were not uncommon. This was an investor’s nightmare, as companies would generally pad their numbers along the way. Over the past 50 years some of the more developed nations have implemented reporting standards that can be used across the board. An example of which are the guidelines set out by the Society for Mining, Metallurgy and Exploration (SME) in the United States. Over the past two decades work has been done to harmonize an internationally accepted standard for mineral asset reporting. In 1994 the Committee for Mineral Reserves International Reporting Standards (CRIRSCO) was formed. The committee is a grouping of representatives of organizations that are responsible for developing mineral reporting codes and guidelines in most parts of the world (Australia, Asia, Canada, Chile, Europe, South Africa and the USA). Upon inspection of the list one would notice the absence of China, Russia and India. These countries use similar, but in most cases more elaborate classification schemes.

The difference between a resource and reserve basically boils down one thing: a feasibility study.

Not included in the classification, but often mentioned is a mineral occurrence. Usually an occurrence is synonymous with a prospect or a “showing”. The term itself does not have any real economic meaning, although the mineral occurrence is generally a mineral of economic interest. An occurrence is often mentioned in a report because of the prospect of finding a larger amount of the mineral in close proximity to the occurrence. It would suggest further exploration in the area.

The implemented by CRIRSCO require that report estimates be carried out by a “Competent Person”, also referred to as a “Qualified Person”. This person must be an accredited professional with at least five years experience in the activity, commodity and situation being reported on. This is generally a geologist or engineer with significant experience in mineral exploration, mineral project assessment or mine development.

The terminology used to define mineral assets is divided into 2 major groups:

Resources and Reserves.
Resources and Reserves: The relationships between the five groups of mineral asset reporting.

Mineral Resources
A Resource is a concentration of a minerals that has a reasonable prospect of economic extraction. Its location, grade, quantity and continuity are reasonably known from specific geological knowledge and evidence. Essentially, a prospect is not a Resource until enough work has been done to demonstrate a good understanding of the mineral occurrence, and the quantity and quality show the potential make it an economic play. Within the Resource category there are a few more specific sub-categories.

An “Inferred Resource” is one that is based on limited sampling and is based on reasonably assumed, but limited information. Samples might include those from outcrops, trenches, pits or drill holes. Previous geological maps may allow for reasonable assumptions about the size and scope of the resource.
An “Indicated Resource” is a Resource whose quantity, grade (quality), shape, size and continuity can be more confidently reported. Larger and more closely spaced samples have more reliably established the characteristics of the resource to the point where preliminary economic viability and resource extraction calculations can be made.

A “Measured Resource” represents the highest level of geologic knowledge and confidence in a Resource. The Resource characteristics are well established through detailed and reliable exploration work. Economic and technical factors can be more confidently applied. Mine and production planning can give more detailed estimates of economic viability.

It should be noted that with many projects, a combination of confidence levels and Resource level classifications may be used. A company may target a primary deposit as its “Measured Resource”, but have reasonable evidence of an “Inferred Resource” in the vicinity of the main deposit or “along the trend” of the primary project area.

The decision of which term should be used lies in the hands of the Competent Person preparing the report.

Mineral Reserves
The difference between a resource and reserve boils down one thing: a feasibility study. At the very least a preliminary, or “pre-feasibility” study must be completed which takes into account the “Modifying” non-geological factors. These include technical factors include mining, processing, metallurgy. They also include mine planning, economic planning, environmental and community related factors.

A Reserve is Probable when economic extraction CAN BE justified. A Reserve is Proven when economic extraction IS justified. This distinction is generally based on the geologic knowledge and as with Resources many projects include a hybrid classification (eg. “Proven and Probable”).

It’s important to note that the arrows are two-sided, this means that not only can resources and reserves be upgraded to reserves but the reverse can also be true. Sometimes reserves are downgraded when information pertaining to modifying factors is flawed or turns negative. This can happen quickly when commodity prices turn South.

When evaluating projects and companies pay particular attention to the variable modifying factors, particularly the break-even commodity price used in determining economic feasibility. A break-even price that’s near to a recent market high might be a risky investment. In addition, since many companies may lump “proven and probable” or “inferred and indicated” together, be sure to get the breakdown. How much is proven? How much is probable?

Lastly, understand that all of this information comes from people that provide it. Ultimately you’re relying on the judgement of the Management team and its Competent Person.

edit

Fully loaded here now for an exciting week ahead!!! Lithium is the new Gold

Got some at 0.277p

has been difting to this point and bouncing back for the last 3 days
small spread and better price 0.27 v 0.28p
Leevel 2 of 2 v 1

Well, sp has taken a dive today - reading earlier posts it was v.high (DYOR) but now just 0p18 - The result of today's RNS saying an earlier license was "lost" by incompetence by their partner's omissions. Oh dear. However, KOD isn't knocked-out yet, as they hope to reinstate the Licence for exploration with a local Mining Co closer to officialdom, er, I think. see RNS ...

Several RNS suggesting Gold and Lith deposits.... one might expect sp to rise....but it's stuck at current prices (=0.19pence - DYOR), for a while more, I guess. Maybe no-one believes they will come good.... That must be it. Miners frequently run out of money despite telling everyone they have value in the deposits . . . sadly6 they can't find anyone that wants to continue digging....

Anyone?
.
.
EDIT (14March2018)- sp 0p19 DYOR . . . er, this is as bad as it gets methinks... positive Gold-news I read; yet no-one wants to buy the stock.
EDIT(5June2018)- sp 0.14 and extensive deposits were ann. recently ... I guess no-one believes KOD can perform. Last year's AGM was a tad grim, although well-stocked with hangers-on ...er, IMHO - DYOR.
EDIT(7June2018)-sp=0.15 is hardly an improvement, but FWIW I heard on R4 an item on Lithium.... suggesting it was big in Africa...I recall Zimbabwie was mentioned, but I guess almost anywhere is possible...It's where you can fetch it (i.e. the Infrastructure is very important.... which is where I'm not getting the best of signals from KOD) - - - indeed I get the impression the Dir would like to Sell the Co. - rather than do any digging. . . . . DYOR.
EDIT (18June2018)-very small sp rise as China invests more - Will this become a take-out, at these low prices?
EDIT (13July)-Seems SuChing(?) =China Co. has invested ~£1.2m DYOR and now holds 29% of our company - looks like Retail Shareholders are being pushed aside . . . anyone?
With "lithium" being the "new Nuclear" - I'd expect this outfit to be more valuable, but their sp performance to date has been a long downhill run.
EDIT (1Aug2018)- Co ann participation in "Shares" event later this year DYOR, with sp up only a little to 0.17 pence....not a stonking stock, but maybe some hope for the future? [=EDIT-13Aug-sp=0.27pence=].
EDIT (28Aug2018)- I may have understood for now, sp doubled abt. 30July2018 and the RNS giving good results of drill-survey was posted 22Aug....giving those with better knowledge than most the opportunity to buy-in . . . no doubt they will sell when the Market props up this price..... I think the Co. should have made an interim statement 20-days prior to these "Results".... What do others think?
EDIT(3Dec2018)-sp 0.15 (down a bit, even though lithium is discovered in Malawi. I thought that was what they were looking for?