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Highlights from the final assay results include:Prospect Focus: The results primarily targeted the Boumou prospect, delineating the geological controls and confirming the continuity of high-grade lithium mineralisation.Mineralisation Intersections: The reverse circulation (RC) drilling program successfully intersected multiple pegmatite bodies with significant thicknesses and grade.Resource Expansion Context: These final assay results supported partner Hainan's internal resource estimates (referencing up to an additional 15.47 million tonnes of mineral resource), which will be formalised in upcoming JORC-compliant updates.

Doing amazing things for us

That illegal spike to 0.60

Now nothing

Do they mean AISC

637 for Kodal

600

Odd for Hainan

1200 aisc total?

Is aisc a was really 637 per tonne then this would have shot up

So nothing good to report really….

Can’t even get the jorc completed

Kodal Mining UK (KMUK) is actively transporting spodumene concentrate to the Port of San Pedro (Ivory Coast) in preparation for its upcoming shipments. While a 5th export hasn't departed yet, KMUK's operating partner continues to build stockpiles at the port to fulfill its regular cargo targets of up to 20,000 tonnes.Current Shipping & Production StatusRecent Activity: As of late June, the Bougouni Lithium Project has stabilized its Dense Media Separation (DMS) plant to nameplate capacity, producing roughly 10,000 tonnes of concentrate per month

Yes. Kodal Mining UK Limited (KMUK) completed its third export shipment of spodumene concentrate on April 12, 2026, and the vessel carrying this approximately 20,000-tonne shipment is expected to arrive at the Port of Hainan, China, in June 2026.The June delivery marks a major operational milestone, triggering the final payment calculation for the shipment under KMUK's offtake agreement with Hainan Mining.While the June event corresponds to the arrival of the third shipment, the KMUK project team has simultaneously been processing and transporting additional spodumene concentrate to the Port of San Pedro (Côte d'Ivoire) to stage and prepare for the fourth export shipment.

Kodal Minerals’ recent financial reports show positive strides in operational growth and revenue, which are expected to attract institutional investors. The company has successfully transitioned from a development-stage explorer to a revenue-generating critical metals producer with the ongoing Bougouni Lithium Project in Mali.The latest reported figures present a compelling mix of progress and transitional risks that institutions weigh when determining a position:Key AttractorsCommercial Production & Revenue: The Bougouni project has exported three major shipments and generated roughly $89 million in revenue, demonstrating the viability of the asset.Strong Joint Venture Partner: Kodal has strong financial backing and a strategic offtake/joint venture agreement with Hainan Mining, significantly reducing execution and liquidity risks.Financial Stability: The company remains debt-free with cash reserves of ≈ £13.6M as of June, providing sufficient runway for their general operations.Narrowed Losses: The recent final results for the nine months to 31 December 2025 showed a reduced operating loss of £1.43M (down from £2.45M the prior year).Institutional HesitationsSub-$100M Market Cap: Kodal Minerals (KOD) trades with a market capitalization of roughly £61M, putting it squarely in penny-stock territory. This sector typically elevates risk profiles for larger institutional funds.Jurisdictional Risk: Operating out of Mali exposes the project to potential geopolitical instability and changing mining codes, which many conservative institutions may avoid.Pre-Profit Status: Despite revenue, the group remains net-unprofitable for the reporting period, which can deter certain value-oriented and dividend-seeking funds.The company already maintains an active institutional shareholder base (owning roughly 32%-45% of KOD shares) and holds an analyst consensus of "Strong Buy". However, widespread institutional adoption on a larger scale may hinge on consistent cash flow generation and further debt reductions. You can review the complete historic financials and corporate roadmaps directly via the Kodal Minerals Company Documents page.

Any input on this Bruce?

Is this a worry still

Has or when will this be extended?

Kodal Minerals’ export permit for the flagship Bougouni Lithium Project in Mali was granted in September 2025 to cover an initial 125,000 tonnes of spodumene concentrate. This export permit remains active, as the government recently confirmed continued support for the project's shipments to China.

Maybe it is best that Hainan make us an offer then

Confirmed jorc upgrade will still bring value though…

At the current lithium prices Bruce

1300aisc isn’t bad??

The GoodProduction Ramping Up: The Bougouni Lithium Project in Mali achieved commercial production, resulting in a strong quarterly performance of 26,981 tonnes of spodumene concentrate.Strong Revenue: The company has already shipped over 69,000 tonnes of concentrate, generating substantial early-stage revenue (reported at $89m in total deliveries).Financial Position: The latest nine-month financial results show an operating loss of £1.43 million, which is an improvement from the £2.45 million loss in the prior year. With cash balances of £13.6 million, the company remains funded to continue its operations.The BadArbitration Dispute: The company was forced to start arbitration proceedings over a $15m payment dispute related to its Mali mining assets.Regional Security Concerns: Operations in Mali continue to face headwinds amid heightening security risks and unrest within the mining sector, which casts a shadow over future expansions.Net Asset Decline: Despite ramping up production, overall net assets decreased by 4% to £43.7 million, and the company has not yet declared a dividend.Market OutlookKodal Minerals stock (currently trading around 0.3p) is largely viewed by analysts as a high-risk, high-reward penny stock. While there is a strong consensus that the stock has significant potential upside if shipments continue to scale, it remains highly volatile due to local geopolitical dynamics. You can track the official announcements and track the share price via the London Stock Exchange.

You would always think yes Bernie will deliver and pull something out of the bag and suprise us

That feeling is not there anymore…

The silence from Bernie, Kodal social media just makes me think they are done with this and a buyout of some sort is on the way.

give it a rest lav

you’re like some old log floating down the river

this is **** atm

some more stability in mali required

15 mil **** sorted out

resource jorc needs to be announced

the only thing i am ****ed off about and want to see is this bloody resource upgrade confirmation

jorc

so many years late that it should never have been given a timeline

RNS for what!??

0.35 although welcome

Not exactly anything to get excited about

The 212 chart shows it up to 0.75 in the candles as well