EXPLORATION & DEVELOPMENT

Investors diving in before Kodal resource

Maiden resource coming out in early September, company says after share price run

Staff reporter
Kodal moment: The developer is still working on its maiden resource for Bougouni

Kodal moment: The developer is still working on its maiden resource for Bougouni

At the end of last week, the company put out an announcement in reaction to its share price climbing from 0.14p (US0.18c) on July 30 to 0.22p at close last week. 

"Kodal Minerals … notes its recent share price movement and speculation regarding the publication of its maiden mineral resource estimate," the company said.

"As announced on 25 July 2018, the board is expecting to announce this in the autumn.

"The company has contracted CSA Global to prepare the report but is awaiting certain remaining assay results from its recent drilling programme before the report can be completed."

Kodal said its "best estimate" for the Mali project's resource was early September.

Following the announcement, the gains continued.

On Monday, the price climbed a further 18% to 0.26p.

Kodal has published promising drill hits in recent months and raised £1.5 million in June largely from existing major shareholder Suay Chin International.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.