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Kodal Minerals Plc
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Marigo | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 9/18/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2019: Kodal Minerals Plc announces an Exploration/Drilling Update report for its Marigo deposit at the Bougouni project. Drilling results incl. 42m @ 0.22% Li2O from 54m. Kodal Minerals, the mineral exploration and development company focused on its | |
| Resources: | (Resource, I+I): 21.3Mt @ 1.11% Li2O at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Kodal Minerals, the mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali (the 'Project' or the 'Bougouni Project'), is pleased to provide this update on recent activities. Bernard Aylward, CEO of Kodal Minerals, commented: "We are continuing to de-risk our flagship asset, the Bougouni Lithium Project, through the completion of our engineering studies. This important technical work represents significant components of our upcoming Feasibility Study and we are using the most experienced consultants to ensure we achieve the best result. The finalisation of the metallurgical test work programme, the review of the proposed transport, port facilities and mining contractors all feed into our mining optimisation studies and scheduling that will complete the feasibility work. "Our exploration programmes continue to highlight the potential for further discoveries at both the Bougouni Project and Bougouni West, while our reconnaissance geochemical sampling at our gold projects in Côte d'Ivoire highlights additional value accretive opportunities for the Company and our shareholders. "As previously announced, our Environmental and Social Impact assessment ('ESIA') has been lodged with the Mali Department of Environment and is moving through the process of review and approval, on which we look forward to updating our shareholders. Following this process, we anticipate finalising the various components of our Mining Licence application and lodging it with the Malian authorities for approval. This is a transitional time for Kodal and we would like to thank our operational and technical teams for their efficiency in undertaking the various studies we are undergoing as well as our shareholders for their ongoing support. I look forward to updating the market in due course." | |
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