Youtube14 Nov 2023 14:50
WHAT A DAY! Well done to all KODAL Minerals holders, future looks bright!
Summary below;
Kodal Minerals has released a new JORC Mineral Resource estimate for the Bougouni Lithium Project in southern Mali, revealing a 40% increase in the total resource to 31.9 million tonnes at 1.06% Lithium Oxide (Li2O). The boost is attributed to drilling programs completed in early 2023, specifically at the Ngoualana and Boumou deposits. The updated estimate is crucial for the project's development plans, which include a two-stage strategy for processing ore from Ngoualana initially and later from Boumou and Sogola-Baoulé deposits. Notable increases include the Boumou deposit (236% increase) and the Ngoualana deposit (9% increase). Sogola-Baoulé remains unchanged, with future drilling expected to expand it. The next phase involves drilling at Boumou, Sogola-Baoulé, and other prospects within the mining license. The CEO expresses optimism about becoming a significant West African spodumene producer, targeting production by the end of 2024, and outlines plans for further drilling to uncover additional resources and support future mine planning. Independent consultants ERM conducted the updated Mineral Resource estimate.
https://www.youtube.com/live/ABmNJ3fXmI4?si=P6YNzwSkPmsmYshx