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Mining Capital
EPIC: KOD
Market: AIM
52-week High/Low: 0.59p / 0.07p
Sector: Mining
Market Cap: 15.61M

Kodal Minerals Plc is a mining and exploration company operating in Cote d’Ivoire, Mali and Norway.  The Company, run by highly experienced mining professionals, is focussed on building value through the identification of resource opportunities, employing low cost exploration methods to highlight potential and seeking to develop the projects through joint venture partnerships with established mining companies.

To date Kodal has agreements in place with producing listed mining companies, Newcrest Mining Limited ("Newcrest") and Resolute Mining Limited ("Resolute"), to expend up to $4.7million in Cote d’Ivoire; Newcrest has agreed an earn-in of 75% interest in the Dabakala concession by incurring exploration expenditure of US$1.7m, while Resolute has the right to earn a 75% interest in the Nielle and Tiebissou concessions and M’Baihaikro application, through the expenditure of US$3m over four years.  In Mali, the Company is advancing a number of licences including the Nanglasso Project which have yielded positive exploration results, in districts in the vicinity of producing operations.

In Norway the Company’s portfolio consist of the Kodal phosphate and iron deposit in the south of the country and the copper focussed Grimeli Project in west.  The Kodal Project has a JORC compliant resource (indicated and inferred) of 49 million tonnes at 0.5% P cut off and the orebody remains open at depth.  An extraction permit was issued by the Norwegian Directorate of Mining in 2013 providing tenure of ten years during which time the project can be brought into production.  The Gimeli Project is in an historic copper producing area and the Company is assessing exploration options.

Kodal Minerals

www.kodalminerals.com

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