Business
Final Results and Notice of AGM
Final Results and Notice of AGM.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 6470V Kodal Minerals PLC 25 July 2018 \n\nPrior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement, this information is now considered to be in the public domain.\n \nKodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining\n25 July 2018\nKodal Minerals plc (\"Kodal Minerals\", the \"Company\" or the \"Group\")\n \nFinal Results and Notice of AGM\n \nKodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to announce its audited final results for the year ended 31 March 2018.\n \nThe Company's Annual Report and Accounts is being posted to shareholders shortly and will be made available on the Company's website www.kodalminerals.com. It will contain notice of the Annual General Meeting of the Company to be held at 1.00pm on Thursday 6 September 2018 at Fieldfisher LLP, 9th Floor, Riverbank House, 2 Swan Lane, London, EC4R 3TT.\n \nChairman's statement\n \nKodal's principal focus for this year has been the continued exploration and development of our exciting Bougouni Lithium Project located in southern Mali (\"Bougouni\" or \"the Project\"). The lithium market has remained strong throughout the year and we believe our focus on a rapid exploration and development of Bougouni places us in a very strong position to take advantage of this opportunity. The key drivers to the continued growth of the lithium market are the increasing demand for electric vehicles, battery storage and growth in use of personal electric products driven by social choice, government regulations and an improvement in the performance and affordability of high quality battery products.\n \nWe have had a very busy year of exploration with a total of 199 reverse circulation (\"RC\") drill holes for 24,426m completed. Our exploration efforts have been very successful in the delineation of high-grade mineralisation and we now have three advanced prospects at Ngoualana, Sogola-Baoule and Boumou which are likely to form the basis of our maiden mineral resource estimate expected in the autumn of 2018. In parallel with the drilling, we have also...