3rd Apr 2023 21:09
Kodal Minerals PLC - Mali-focused mineral exploration and development company - Completes 41 reverse circulation and 18 diamond drill holes at the Bougouni project in southern Mali. Drilling focused on the development and extension of the Ngoualana prospect and exploration drilling at the Kola, Bougouni South and Boumou prospects. A total of 3,406 samples have been dispatched for laboratory analysis with initial high-grade assay results up to 2.78% lithium oxide returned for individual samples. Company adds it is maintaining regular dialogue with key Hainan Mining executives regarding the proposed Bougouni project development and plans to quickly move into a construction phase.
Chief Executive Bernard Aylward says: "This latest drilling at the Bougouni project continues to highlight the potential for expansion of the existing defined resource base as well as additional prospects to be advanced, as the recent drilling has intersected wide zones of pegmatite at all prospects and all remain open along strike and at depth."
Current stock price: 0.42 pence
12-month change: up 54%
By Heather Rydings, Alliance News senior economics reporter
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