Member Info for ivenoidea

Merc, the jorc has indicated and inferred categories but no reserve.

Thanks lav, John Meyer is very very good at explaining things.

The reserve I refer to is that we don't have a reserve in our jorc. Although I understand that this is being addressed via the recent met testing and planned definition drilling of the ngoulana resource.

I am aware of that but right now we are attempting to obtain finance based on evaluation data.

There is no reserve and this could be the hold up for finance. Daz makes a good point.

I keep seeing Bernie talk but the goalposts keep moving.
However, Like you say though good things take time so patience is required here

Lav, does a DFS include a reserve?
KOD don't have one, although I presume the new exploration manager will be drilling soon with a view to upgrading the resource categories for ngoulana.

Lol clapa!!

Come on them fisher, homework for tonight... Publish the full transcript please.

That's quite a doomsday prediction! Do you live in a bomb shelter in your garden?

The mining license is approved KOD have it in hand.

The change notification is an update to that existing license and should take less than 8 weeks to approve from submittal.

I very much doubt your timeline.

Ltihboy,

That's in an RNS too.. I would suggest that the deal is on the table once certain conditions have been met. Like this line "The Company is finalising the engineering and environmental work in connection with the DMS option to support discussions to secure the funding". Keyword secure, as in you do this and you 'secure' the fianance.

Interesting words, dead cert? Maybe but as always what's in the deal is the important bit..

"This will never get to mine".. whose words were those?

I tend to agree mercman.

Paperdrunk.
The samples from ngoulana are for met testing, Bernie talked about them last week on his pr video. Grind size was mentioned.
The new bloke (exploration manager) will run a drilling campaign in the new year to define the resource better and hopefully upgrade the categories for ngoulana.

iLovelithium (me too!). The 2023 target for production was always a tad optimistic, I think that ship has now sailed.
In the proactive video last week Bernie talks about starting development early next year so I personally have us down for first production sometime during 2024. In mining most things take longer than shorter, I would be very very surprised if we produce anything in 2023.

That really grates on me. It is not equal but that's politicians for you, what's good for them and only good for them is all they seem interested in.

Right project wrong location, when you look at what's happening in the region around Uksmouth I can sort of understand why the project called in.. lessons to be learnt there? or just rotten luck? It has cost me a lot of money either way (only if I sell !)

That comment that you didn't make could apply to every town council in the UK Strangy.. sometimes the worst type of people want to be a councillor.

However, what happened to the Uksmouth conversion project wasn't because of the council.. higher powers got involved for political reasons. When politics get involved it gets messy and decisions are often uneven.

Lav, just for info -> Firefinch demerged their lithium assets into a company called Leo Lithium.
Firefinch do hold something like 22ish% of the LLL shares and tried to sell some recently but ran into legal issues doing so. Something to do with them being held in escrow (I think). Firefinch are not currently trading and haven't been since around August time.

That to ma Clapa929, is a strong indicator that BA is in serious discussions regarding finance with at least one other party. Based on my experience with KOD, I very much doubt BA will break that silence until a deal has been reached.

Unless the licence amendment has been rejected (that would be madness in my mind) or approved, I don't think we will be hearing from the company. Next RNS -> Interims next week (unless finance agreed first).

The application for "INSTALLATION OF A 230 MW BATTERY ENERGY STORAGE
SYSTEM (BESS)" is being decided this week:
https://documents.newport.gov.uk/PublicAccess_LIVE/Document/ViewDocument?id=C8CB76643FB84AFB850CBC2221F70F43
It looks set for approval.

Hi elcobbledore,
This isn't new news and was announced nearly a week ago.
I do not know if it impacts Kodal or not, I would like to think not and that the mining licence adjustments are in hand. There has not been any news to suggest that there is a problem.
I am interested in Lav's thoughts as Lav appears to be very knowledgeable about the route from Explorer to Developer and more up to date with Mali current affairs than most.

That's good to hear Lav, for a moment there I thought the drop in SP was related to this:
https://www.morningstar.com/news/dow-jones/202212014664/mali-suspends-delivery-of-mining-permits

Roman,

KOD are not changing plans but adding the DMS option to the license. KOD still plan on using flotation.

This is additional value rather than a change of direction.

Roman, I disagree that KOD have changed plans suggesting there was a probem with the funding for flotation.

KOD have always planned to evaluate both options (Flotation and DMS) and having done so have now chosen to go DMS route as a quick route to cashflow.

News is due soon.