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Agree with Clapa, we have a scheduled resource update in June aiming towards increasing the resource to 50m tonnes.
We have a scheduled construction update in July.
A previous update was brought forward into one month earlier - but we don't expect this on every update.
So meantime it is a lull, but an RNS could arrive because we have a separate lithium deal, many other gold prospects and a regulatory RNS could be required for Bougouni, depending what they have been working on.
So busy at Kodal not so busy on here.
Most of the trouble in the region (Niger, Northern Mali, Nigeria, Libya etc) is connected to the war in Burkina Faso, movement and sale of arms etc between various places), yet still they are mining in Burkina Faso, even though the war has been going years.
https://m.miningweekly.com/article/west-african-reports-high-grade-gold-mineralisation-at-burkina-faso-deposit-2024-04-17
Horult, it is interesting and the availability of the raw materials too, that is the utopia that everyone is searching for and of course price to make them cost effective.
The website lets them down - little logic to it and cutting the top of people's heads off not great.
If it is a good company the website undermines that.
Potato, I think it will be great once the technology works economically for everyday families and it is very close if not already out there.
For people working from home, or heavy users and or in an area with electricity cables above ground subject to power cuts it is very good technology now.
If I did it today I would want the batteries outside the house and in a suitable enclosure.
There are some new silent wind generators which could really make a difference, a couple of small solar panels and a small silent wind generator would build up some power storage. You get the feeling we are very near now to cost effective self generation with the grid as a back up and potential source of revenue.
Potato head, I think that article may have got the detail wrong concerning a month, 4 days they can power the average British home, I know people who do it now, one big long range car lithium pack. You don't have to take it out of the vehicle, some cars have a socket, which providing you wire up the correct connection on your house, you simply plug in your car to the house and it will power the house up to four days if there was a power cut. But they are probably doing the system below:
People who have renewable energy on their homes which produce electricity are also setting up quite complicated lithium set ups. They work out the maximum energy they will use over a set period have the renewable energy power anything switched on it can cope with, when there is a surplus, charge the lithium batteries ready for peak use, then once charged put back into the grid and get paid for it. When they turn on anything electric it takes it from the renewable source and lithium batteries first, only going to the grid for energy when other sources no longer have sufficient energy - possibly in this situation a British home may last a month on a large car battery without being charged with the right set up.
Interesting the way it is going. Others are looking at cheap energy charging and releasing battery energy in peak times. Still quite new in many aspects.
Https://www.rusi.org/explore-our-research/publications/commentary/mixed-picture-how-mali-views-wagner-group
Not the conspiracy theory many paint - that is actually a well balanced website for all things war related.
If Iran gets embroiled in a costly battle they are unlikely to support these groups as before and the region may stabilise.
Regarding Barrick, they made the foolish and misguided mistake of saying that auditors were not doing their job properly allegedly in press reports
The previous mining code when introduced clearly laid out its aims and objectives in such a simple way that a child at school could understand what they were doing and why. Some mining companies found ways (some would say legitimate others would say pushing their luck) to get round these changes.
When called out by auditors and a government mining office for using these techniques smart az comments are not recommended assuming that the quotes are correct.
I wonder if Barrick used the same consultants as Leo Lithium.
This is no different to the UK, except in the UK you could not negotiate your way out of the full fine or removal of licence, in a regime they have a chance.
Research tree links not allowed it appears, try this one
https://www.proactiveinvestors.co.uk/companies/news/1044003/kodal-mineral-reports-significant-progress-at-bougouni-lithium-project-in-mali-1044003.html
all clarified in this video, mobilised fleet, initially construction, then after that surface clearing and top soil (top soil in mining will also be sub soil - removed separately and stored separately) then stripping is the next process.
https://*********************/media/kodal-mineral-reports-significant-progress-at-bougouni-lithium-project-in-mali
Sharebug, Bernard mentioned something about top soil so maybe it is surface debris/scrub plant removal and placing topsoil to the side for afterward reclamation work.
Stripping may only be the ground above the veins excluding top and sub soil.
I will listen back through the videos tonight if I get time, but he didn't say a lot about it.
Sharebug, yes I was confused about that because pre-strip is later in the year.
I struggle with australian terminology in mining. Is topsoil management part of australian pre strip process or separate?
If they remove nothing then I don't understand what they will be mobilised to do other than construction.
Mattslim, the last presentation has the timeline for each piece of development, I think it was a blue line with circles and dates.
Complete civil designs and commence construction was the target this month. So I don't imagine there will be much to see unless they are a couple of weeks or more ahead of target.
We are a little explorer trying to get a site to full production mining. That is the process whereby we make large profit, because it is not easy and many sites don't even make it to a jorc resource is why the multiples are so good for investors.
We are way down the path and within months of production. An excellent achievement.
Hainan are a huge mining outfit who no doubt at some point will buy our share and off we go exploring again.
All of the stuff written about explorers to miners etc by experts, journalists etc may or may not be correct, however we are on the final home straight and only that tiny piece of the process is relative to us.
For investors being human, the closer it gets to a big win the more stressful it becomes.
But logic, commonsense and experience should overcome those feelings.
So best only to read relative material of this stage of the process not back to from start to finish explorer material which is not relevant to our lithium only relative to our Goldfields.
Horult, I agree with you, got what you are saying, yes the transfer is not the major piece of the jigsaw in my opinion either.
Institutions I can't see buying until we are in full DMS production, large ones not until flotation production.
I am expecting a few of the wealthy large investors to appear sometime between now and the plant turning for final checks.
I have been on a lot of shares and never thought to jot down when they arrive. Some of them speak on the chat boards, Oliver to name one. Unlikely that they will not have this one on their list. Some nice people amongst them.
I think the licence transferring will affect the share price, just my view though so we should all benefit.
The licence transferring could open the door to potential outside buyout offers other than Hainan. Potentially also calm some people with regard to Mali.
We are in a 30 week countdown in my opinion and something along that path will trigger a stampede, quite which event with today's investor minds I am uncertain as often they defy logic.
PS, but answering your question properly, perfect case and with the benefit of hindsight, I wished he raised a little more cash in 2022 and continued only with Nielle because it was so close to a potential maiden resource.
If the figure was reasonable it would have raised Bernard's credibility as a CEO. And the offer may have been higher if in Nielle
Re gold. I am under the impression in Mali and everywhere else there is gold all equipment and contractors are working flat out.
With the likes of our lithium actually buying equipment for the contract - scary.
So Bernard may well have ordered drilling on Nielle and Fatou, but they may not be there before the dates he indicated, those sites would not warrant contractors buying new equipment. A few dud holes and time could be called on a site.
He is putting gear in.
I am not sure, because of the geology if he trusts anyone to work those sites without his input. So much past drilling data was incorrect.