Member Info for ivenoidea

Hi George,

If the flotation plant is built around 2027 as currently planned then I'd like to think 9p is possible around or shortly before that plant is built. Next door for example are planning further upgrades to their plant and have a JORC of 140+MT to dig out the ground... I'd like to think we can get close to that once the major drilling campaign gets up and running.

Lav / TopTiger,

The actual timeline will probably match our neighbours when they went through the same process.

Why the original long stop date was stated 3 months before the transaction will likely conclude? I don't know and share your frustrations but I expect it was in favour of Kodal should Hainan wish to pull out prior to that date. Like you have repeatedly stated Lav, the long stop date is not necessarily the date all parties expect the transaction to conclude.

The best thing to do is follow the Leo Lithium / Gangfeng timeline, sit back and wait for the show to unfold. I am off on holiday now until August.

FFX original long stop date was 31/12/2021 when their funding agreement with Gangeng was first announced.. this was extended by 3 months until the actual funding completed on 28/03/2022.

KOD have only extended by 2 months so far, all within expected timeframes.

"could have been done a much better way".

100% agree toptiger.. for all the discussion about contract law and 'this means that' yada yada yada.

The original long stop date was 30th April and the company stated that they 'expected' to meet that deadline.. videos mid April had the CEO stating things like 'Drilling in May when the money arrives', 'everyone is behaving like the deal is done' etc.

All the implications were that the transaction would complete within the original timeframe...

It's not the wait that I take issue with, I understand the timeline I watch Leo Lithium closely.

It's the way in which the company implied the timeline would be much shorter and hence the resultant confusion. Frustrating at best.

The precedent set by our neighbours is 4 months from Chinese approvals to complete the conditions precedent, can we beat that? I 'hope' that we will so we move onto the next stage which will bring the rewards that I have been patiently waiting for.

@Urbanracer.

The process to re-register the assets for the new mining company took our neighbors 4 months to complete following their Chinese approvals. My view is that it will take the same time for our 'admin' to complete the same tasks. It's likely the hold up is with the Mali administration and its unlikely we will here any criticism from KOD for obvious reasons.

If it completes this month then fantastic but as long as its complete by then end of July then all is good in my book.

Just my humble opinion.

If its not complete by the end of July then I will be concerned.

Https://youtu.be/2slcXzWebhI

1 minute and 54 seconds or thereabouts.

Lav, I relistened to that video.

He was talking specifically about the boumou resource not the entirety of the JORC.

I'm not saying it won't reach 60mt in a few months because clearly I'd love it too. But I wouldn't base my hope on the comments from that proactive video.

As the saying goes lav.

Do your own research.

Hainan will have no doubt been looking at many opportunities last summer and the result was a deal made with Kodal minerals in January 2023. The best project in their own eyes was chosen to invest $117M. Not long now until the funding transaction completes

Try as you may, some people just need to help themselves. You can't help everybody unfortunately.

Hats off though lav, your knowledge is second to none.

Haha, I've been watching paint dry for five years tiger.

I'm still here because it's still got a long way to go before it's dry.

It took our neighbours 4 months following Chinese approvals to satisfy the conditions precedent.

I can't see why our process is any different as the Hainan deal is very similar to the firefinch / gangfeng deal. Albeit firefinch delisted the lithium following conclusion of their funding transaction.

Personally I'm expecting another extension and I'm more than comfortable with that.

For the avoidance of doubt as that last comment re-read could lead one to many different conclusions..

It was a tongue in cheek comment in response to the assumption Lav made that all posters are male.. although I may be wrong in assuming Lav thought that too thinking about it.

Non English husbands too perhaps Lav?

You and me both Lav.

Lots of work steams ongoing throughout April, Knight Piésold will have completed their site investigations:

"The Company continues to work with Knight Piésold in Perth to provide tailings storage

facility (TSF) designs and general earthworks pads and roads designs for the DMS

development route. During March, Knight Piésold mobilised a specialist civil engineer to

site to conduct site investigation works to assess the foundations characteristics at the

TSF site, the plant site, the mine services area and the main access road area.

The site investigation is expected to be complete before the end of April and will provide

critical design data for finalising detail design of the TSF and other foundations around

the site."

We're good to go once the administrative stuff is completed with the Mali government get the funds in and lets get drilling...

Lav,

Here is the RNS for the diamond drilling contract supplied by Capital Drilling:

20/4/2023 CAPD:

https://www.lse.co.uk/rns/CAPD/q1-2023-trading-update-dng65wfmn15k1vi.html

"A diamond drilling services contract with Kodal Minerals at the Bougouni lithium project, Mali."

Spot on compo

I wonder if there will be a JORC upgrade with these Ngoualana results?

Perhaps waiting on a site visit to verify the process etc.?

Craig do you know how many shares Suay Chin hold.. massive sell lol.. !

Daz,

Also consider this as well -
I'd be surprised if our gold projects are not helping the market propel the share price in addition to what we know now and anticipate in the future regarding our lithium.
We are not just lithium and with the planned drilling of our gold plots, I'm expecting the results to help keep the share price moving north.
Comparing KOD to prem or even Leo lithium isn't as simple as some people seem to think.

I've just bought some 'Proper Job' (Cornish ale) in recognition of the job our CEO is doing. Shall tuck into them after a game of football in a couple of hours.