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.

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

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.