22nd Jul 2020 18:00
(Alliance News) - Kodal Minerals PLC on Wednesday reported a narrowed annual loss on shrinking expenses.
In the year ended March 31, its pretax loss slimmed to GBP629,504 from GBP712,611.
Administrative expenses fell 3.8% to GBP590,389 and share based payments fell 64% to GBP39,226.
"This year has again marked major developments for Kodal and our focus on the flagship Bougouni lithium project. We have received an Environmental Permit following approval of our environmental & social impact assessment and have completed a feasibility study on the project," Kodal said.
Shares in the company closed 7.8% higher at 0.048 pence each in London on Wednesday.
By Eric Cunha; [email protected]
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