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Kodal Minerals PLC - miner developing project in southern Mali and Ivory Coast - Pretax loss in year to March 31 broadly flat year on year at GBP623,370 versus GBP629,504. Administrative expenses down to GBP512,885 from GBP590,389. Does not generate revenue in either period.
Chair Robert Wooldridge says: "Our focus for this coming year will be on the development of our Bougouni Lithium project in Mali. Our mining licence application is passing through its final approvals and we expect to receive our mining licence in the near future, which is the final approval needed for the project to be fully permitted for development.
"The company will continue its development plans including the further optimisation and design of the proposed open pit mines, the refinement of the processing flowsheet to include updated metallurgical testwork and the potential scheduling of development."
Current stock price: 0.34 pence
Year-to-date change: up sharply from 0.11p
By Paul McGowan; paulmcgowan@alliancenews.com
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