https://www.engineeringnews.co.za

Kodal raises £1m to advance Mali lithium project

9th January 2017

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Lithium and gold explorer Kodal Minerals has raised £1-million through a placing of 66.67-million new ordinary shares at a price of 0.15p a share to expedite development of its Mali-based Bougouni lithium project.

The net proceeds of the placing will also be used to fund exploration activities across its 100%-owned gold properties and to fund working capital requirements.

“The company's recent exploration activity at the Bougouni lithium project continues to highlight the high-grade lithium mineralisation and the potential of the project to host significant mineralisation,” CEO Bernard Aylward said in a statement on Monday.

Recent work, including reverse circulation (RC) drilling and rock-chip sampling, has continued to highlight the prospectivity of the Bougouni project, with the results of the RC drilling programme to be announced by the end of January.  
 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.054 0.88s - 140pq - 2rq
Subscribe Now