Kodal Minerals Share News (KOD)

TRADING UPDATES: RBG sells Convex; Nexteq eyes share buyback

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Kodal Minerals makes good progress at Bougouni project

Kodal Minerals PLC - West Africa-focused mineral explorer and developer - Provides an update on project development activities and general progress at its Bougouni Lithium Project in southern Mali. Says Bougouni is on track to commence production in the fourth quarter following the achievement of key milestones in the first quarter. Explains the project is fully financed with all permitting in place, including environmental and social permits. Notes Kodal's community development plan was also recently approved by Mali's Environment Ministry. Says all weather access roads to the Ngoualana open pit and dense media separation processing site are complete. Chief Executive Bernard Aylward says: "The first quarter of 2024 has seen major progress as we push ahead with the development of our flagship Bougouni Lithium Project." Adds: "Significantly, the team has finalised negotiations for the award of a mining contract. The mining contractor will mobilise to site in the coming weeks and will commence with site clearing works in early April along with other key site establishment activities."

EARNINGS AND TRADING: Plexus sees good momentum; Gfinity loss widens

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

IN BRIEF: Kodal Minerals completes USD117.8 million Bougouni fundraise

Kodal Minerals PLC - West Africa-focused mineral explorer and developer - Completes funding transaction of USD117.8 million for the Bougouni lithium project. The transaction was previously agreed with Hainan Mining Co Ltd and its wholly-owned UK-incorporated subsidiary, Xinmao Investment Co Ltd. It provides full funding for the development and commencement of production at the Bougouni project in Mali, and supports ongoing exploration and development programmes designed to continue the expansion of the project.

IN BRIEF: Kodal updates mineral resource estimate for Bougoni project

Kodal Minerals PLC - West Africa-focused mineral explorer and developer - Says JORC mineral resource estimate for the Bougouni Lithium project in southern Mali has been updated to 31.9 million tonnes at 1.1% lithium oxide, up 40% from the 2019 MRE of 12.2 mt. "The significant increase is specific to the Ngoualana and Boumou deposits following the drilling programmes completed in early 2023," it says. Adds that the next Bougoni drilling campaign will "commence imminently." Chief Executive Officer Bernard Aylward says: "The significant increase in Bougouni's lithium endowment is a further step towards becoming a West African spodumene producer of substance and scale. With the results from the latest drilling campaign delivering over 10mt of resource, we are looking forward to bringing Bougouni into production at the end of 2024, as well as ramping up the drilling programme to include infill and extension definition drilling, and uncovering additional discoveries within our extensive mining licence."

TRADING UPDATES: Bezant optimistic after Hope & Gorob estimate

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Canaccord Genuity raises target price on Kodal Minerals

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on exploration and development firm Kodal Minerals from 1.50p to 1.65p on Monday following the group's new agreement with joint venture partner Hainan Mining to complete the financing package for its Bougouni lithium project.

Kodal Minerals agrees financing package with Hainan Mining

(Sharecast News) - Lithium and gold-focussed explorer and developer Kodal Minerals announced significant progress in its funding arrangement on Friday, reaching an agreement for a package with Hainan Mining and its UK-based subsidiary Xinmao Investment that was first announced on 19 January.

EARNINGS AND TRADING: Henderson Eurotrust net asset value per share up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News:

TRADING UPDATES: Blencowe hails USD5 million grant; Kodal progresses

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

Kodal Minerals makes progress on Bougouni Lithium Project

(Sharecast News) - Lithium-focussed explorer and developer Kodal Minerals updated the market on its Bougouni Lithium Project in southern Mali on Friday, reporting steady advancement in the engineering work for the dense media separation (DMS) plant.

Kodal Minerals shares up on Bougouni funding deadline extension

(Alliance News) - Kodal Minerals PLC shares jumped on Thursday, after it said it has extended its long stop date for the Bougouni lithium project funding package.

AIM WINNERS & LOSERS: Ovoca Bio plunges on disappointing study results

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

IN BRIEF: Kodal Minerals shares climb after receiving prepayment

Kodal Minerals PLC - mineral exploration and development company focused on lithium and gold assets in West Africa - Announces a conditional prepayment of USD3.5 million as part of a funding package, announced in January, for the Bougouni Lithium Project agreed between itself, Hainan Mining Co Ltd and Hainan's wholly owned UK-incorporated subsidiary Xinmao Investment Co Ltd.