Kodal Minerals PLC (LON:KOD)

Kodal Minerals PLC (LON:KOD)


Share Price
0.10 p
Change
0 (0.00 %)
Market Cap
£8.42 m
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Kodal Minerals PLC

Kodal Minerals is a lithium focussed development and exploration company focussed on the development of its Bougouni Lithium Project in Southern Mali - an emerging lithium province which has already attracted the attention of investors and off-take partners seeking to secure long-term supply of strategic commodities including lithium.

EPIC: KOD
Market: LSE:KOD
52-week High/Low: 0.274p / 0.048p
Sector: Mining
Market Cap: £8.42 m
Website: kodalminerals.com
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Big Picture – A Deep Dive Examination of Kodal Minerals PLC


Kodal Minerals PLC Snapshot

Kodal Minerals’ primary focus is on the immediate exploration and definition of the lithium mineralisation at the Bougouni Project in Southern Mali – an emerging lithium province which has already attracted the attention of investors and off-take partners seeking to secure long-term supply of strategic commodities including lithium. 

Kodal Minerals is currently well-funded to undertake an aggressive exploration programme of prospect definition and continued exploration drilling.

The Company holds a highly prospective suite of gold assets in West Africa.The active joint ventures in Cote d’Ivoire are ensuring that funds are spent advancing exploration on our projects with the potential for new discovery. The Company is continuing to assess and rank the projects it holds directly to determine priorities for further exploration or for ways to deliver value for our shareholders.

Bougouni Lithium Project

The Bougouni Project consists of two concessions, the Kolassokoro and Madina concessions, which cover a contiguous area of 500km2. The project area is located approximately 180km south of Bamako, the capital of Mali, with excellent access to the project via sealed road from Bamako. Kodal has recently entered into Option to Purchase and Access agreements that grant Kodal exclusive rights to explore and develop any identified mineralisation within the project area.

Overview 

Since acquiring the Bougouni Project in late-2016, the Company has implemented an accelerated exploration and development programme aimed at advancing the project into production in as short timeframe as practicable.

The Company is supported by their strategic investor and off-take partner, Suay Chin International Pte Ltd (‘Suay Chin’), a Singapore registered trading company with extensive connections within the Chinese lithium market.

Highlights

  • high grade and outcropping mineralisation
  • 21.3Mt Mineral Resource
  • 800km2 position in recognised mining district
  • high value spodumene content
  • offtake partner secured

London & Mali.

ROBERT IAN WOOLDRIDGE | NON-EXECUTIVE CHAIRMAN

Robert is currently a partner at SP Angel Corporate Finance LLP. After graduating with a degree in Natural Sciences from Cambridge University, he spent eight years at PricewaterhouseCoopers International Limited, qualifying as a chartered accountant in 1989. He left in 1994 to join the international equity capital markets division of HSBC Investment Bank where he spent a further eight years and was responsible for completing a number of landmark equity transactions across Europe, India and the Middle East & Africa. In 2003 he joined an investment banking boutique, to head up its corporate finance and securities operation and was then one of the founding partners of SP Angel in 2006. SP Angel is an independent corporate finance and broking operation which focuses on advising small and mid-cap companies in the mining, oil and gas, property and technology sectors.

BERNARD MICHAEL AYLWARD | CHIEF EXECUTIVE OFFICER

Bernard is a geologist with over 20 years’ experience as a manager and exploration geologist in the mining and exploration industry in a variety of commodities. Bernard’s experience includes serving as the Managing Director of Taruga Gold Limited from its initial listing on the ASX, Chief Operating Officer of International Goldfields Ltd, General Manager of Azumah Resources Ltd (Ghana), and Exploration Manager for Croesus Mining NL. Bernard has been involved in the discoveries and management of the Bepkong, Julie, Collette and Kunche deposits in Ghana, as well as the Deep South gold deposit, Gladstone North deposit, St Patrick’s, Norseman Reef, and the Safari Bore gold deposit in Western Australia. Bernard has experience operating in Europe (Greece Sappes deposit), Siberia, South America and extensive experience throughout West Africa.

QINGTAO ZENG | NON-EXECUTIVE DIRECTOR

Qingtao completed a PhD in geology at the University of Western Australia in 2013. He has been engaged as a consulting geologist, principally working with CSA Global based in Perth, Australia, and has a range of geological and commercial specialities. Since 2015, Qingtao has been extensively involved in the lithium exploration and development sector and through his strong network of contacts throughout China has helped clients complete a range of contracts relating to the supply or purchase of lithium in the form of concentrate or direct shipping ores.

CHARLES JOSELAND | NON-EXECUTIVE DIRECTOR

Charles is a Chartered Accountant and has 32 years' experience with PwC including 20 years of experience as an audit partner, as part of its Energy, Utilities & Mining Group. Charles has been responsible for providing services to many international resources groups, including those with operations in Russia, Kazakhstan and Africa. He has acted as reporting accountant and advisor for various companies quoted on both the AIM and the LSE Main Market. Charles will chair the Company's Audit Committee.

MARK PENSABENE | NON-EXECUTIVE DIRECTOR

Mark is a highly experienced Project Manager and company executive with key industry experience in mineral processing and gas plant construction and associated infrastructure development. Mark holds Bachelor degrees in Engineering and Commerce from the University of Western Australia and has over 20 years' industry experience, including as COO for ASX listed Galaxy Resources Limited where Mark led the optimisation and improvement of the Mount Cattlin Lithium mine in Western Australia. Mark is currently General Manager - Infrastructure and Development at Mineral Resources Limited.

STEVEN ZANINOVICH | PROJECT MANAGER (NON-BOARD)

Steve has more than 25 years' experience in project management, encompassing all stages of mine development. Steve has been closely involved with the delivery and commissioning of lithium producer Tawana Resources Ltd's Bald Hill Lithium Project in Western Australia. Prior to Tawana Resources Ltd, Steve served as COO with Gryphon Minerals before assuming the role of Vice President of Major Projects and becoming part of the Executive Management Team at Teranga Gold Corporation, following its acquisition of Gryphon. During his extensive career, Steve has gained specific expertise in the development of multiple mining operations across various commodities and jurisdictions in West Africa.

The Company’s issued share capital consists of 8,212,539,503 ordinary shares. No ordinary shares are held in treasury.

The holdings of the directors of Kodal and other significant shareholders (being those interested in 3% or more of the issued share capital) of which the Company has been notified are as follows:

 

Shareholder No. of ordinary shares Percentage of the issued share capital
Suay Chin International Pte Ltd 2,227,971,568 27.13%
Bernard Aylward 94,834,948 1.15%
Robert Ian Wooldridge 76,938,144 0.94%
Luke Bryan * 48,500,000 0.59%

 

REGISTERED OFFICE

KODAL MINERALS PLC

35 - 39 Maddox Street
London
W1S 2PP
T: +44 (0) 20 3463 2260

PR & IR ADVISER

ST BRIDES PARTNERS

3 St Michael’s Alley
London
EC3V 9DS
T: +44 (0) 20 7236 1177

FINANCIAL ADVISER AND BROKER

SP ANGEL CORPORATE FINANCE LLP
Prince Frederick House
35-39 Maddox Street
London
W1S 2PP

NOMINATED ADVISER

ALLENBY CAPITAL LIMITED
5 St Helen’s Place
London
EC3A 6AB

AUDITORS

RSM UK AUDIT LLP
25 Farringdon Street
London
EC4A 4AB

REGISTRARS

SHARE REGISTRARS LIMITED
Suite E, First Floor
9 Lion and Lamb Yard
Farnham
Surrey
GU9 7LL

FINANCIAL PR & IR

ST BRIDES PARTNERS
3 St Michael's Alley
London
EC3V 9DS

LAWYER

FIELDFISHER LLP
Riverbank House 2 Swan Lane
London EC4R 3TT

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