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Maiden Mineral Resource of 17.3Mt at 1.20% Li2O
Maiden Mineral Resource of 17.3Mt at 1.20% Li2O.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 8121Z Kodal Minerals PLC 05 September 2018 \n\nThe information contained within this announcement is 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 via a Regulatory Information Service, this inside information is now considered to be in the public domain. \n \nKodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining\n5 September 2018 \nKodal Minerals plc ('Kodal Minerals' or the 'Company')\nMaiden Mineral Resource Estimate at Bougouni \n \nKodal Minerals, the mineral exploration and development company focussed on the exploration and development of its Bougouni Lithium Project in Southern Mali, West Africa (\"Bougouni\" or the \"Project\"), is pleased to announce the maiden Mineral Resource estimate, preliminary open pit optimisation studies and mineral processing review for the development of the Bougouni Project. To view this announcement with the illustrative diagrams please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/8121Z_1-2018-9-5.pdf\n \nHighlights\n· Maiden Mineral Resource of 17.3Mt at 1.20% Li2O in the Inferred category. \n· The Maiden Mineral Resource is made up of Kodal's three most advanced prospects:\no Sogola-Baoule: 10.4Mt at 1.18% Li2O;\no Ngoualana: 4.7Mt at 1.34% Li2O;\no Boumou: 2.2Mt at 1.01% Li2O \n(Mineral Resource reported using a 0.5% Li2O lower cut-off, no top cut-off and is based on the wireframe interpretation of mineralised pegmatites)\n· Preliminary open pit optimisations have been undertaken to identify key areas for further drill testing and definition of the pegmatite hosted mineralisation.\n· Mineralisation captured within these conceptual open pits totals 13.2Mt at 1.2% Li2O. This is not an Ore Reserve estimate, however it highlights areas where the optimised shells are resource constrained and these areas will be the focus for future drilling campaigns.\n· Separately from the Mineral Resource and optimisation study, Kodal has commissioned a Processing Review by independent engineering consultants, Wave International, based on the ongoing metallurgical testwork for the Bougouni mineralisation. This is cons...