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Construction|Exploration|PROJECT
Construction|Exploration|PROJECT
construction|exploration|project

Kodal Minerals confident of making Bougouni mine decision in 2019

14th December 2018

By: Marleny Arnoldi

Deputy Editor Online

     

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Aim-listed Kodal Minerals’ Bougouni project, in Mali, is progressing to its feasibility, planning and construction stages.

CEO Bernard Aylward on Friday commented that 2018 had been a year of intense activity, with the company having declared a maiden resource of 17.3-million tonnes at 1.2% lithium oxide, propelling it closer to a decision to mine in 2019.

The work on site, to date, has resulted in the identification of three initial priority targets – Sogola-Baoule, Ngoualana and Boumou – and five earlier-stage exploration prospects.

The company’s cash balance as at end-September was £2.3-million, compared with £4.09-million in the prior comparable period, and £3.1-million at end-March.

Kodal reported a current cash balance of £1.7-million.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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