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.

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
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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