EXPLORATION & DEVELOPMENT

Investors diving in before Kodal resource

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

Staff reporter

This article is 7 years old. Images might not display.

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.

 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.