AIM WINNERS & LOSERS: Kodal Minerals rises on mining licence

Mon, 08th Nov 2021 11:28

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

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AIM - WINNERS

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Kodal Minerals PLC, up 19% at 0.43 pence, 12-month range 0.065p-0.50p. The southern Mali and Ivory Coast-focused miner says it has been granted a mining licence for its flagship Bougouni lithium project in Mali. The project is now fully permitted for development with the previous approval of the Environmental & Social Impact Assessment in November 2019 it adds.

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Katoro Gold PLC, up 14% at 1.03p, 12-month range 0.70p-2.70p. The gold and nickel exploration and development company raises GBP815,000 in a placing of 81.5 million shares at 1.00p each.

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Yu Group PLC, up 13% at 237.00p, 12-month range 81.11p-390.00p. The supplier of gas, electricity and water to the UK business market says it has been selected by Ofgem as supplier of last resort for collapsed energy business Ampoweruk.

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AIM - LOSERS

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Galileo Resources PLC, down 12% at 1.14p, 12-month range 0.77p-2.80p. The miner with projects in Botswana, Zambia and South Africa reports drill results for its Kalahari Copper Belt project in Botswana. Says drilling at two of the licenses that Galileo did not sell to Sandfire Resources Ltd didn't intersect copper mineralisation. One of the holes returned disseminated pyrite which might represent a system lateral to a copper occurrence.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com