Kodal Minerals

Financials:

Primary ticker: AIM:KOD
Stage of development: Exploration
Primary minerals: Lithium, Gold
Project to promote: Bougouni & Fatou
Project location: Mali and Ivory Coast
Website: kodalminerals.com

Kodal Minerals is a ground-breaking mining and exploration company listed on the AIM market with a primary focus on gold and lithium projects in Ivory Coast and Mali respectively. At the Bougouni Lithium Project in Mali Kodal has the aim of becoming the first lithium spodumene producing asset in Africa, a feasibility study published in Q1 2020 highlighted the potential for a very robust mining operation with a minimum 8,5-year mine life and a payback period of 1.7 years with an IRR of 58%.

Cash: GBP$2,432,807
Debt: GBP$624,616

Major Shareholders: 
Suay Chin International Pte Ltd – 14.47%
Bernard Aylward – 1.40%
Robert Wooldridge – 0.97%
Qingtao Zeng – 0.04%
Charles Joseland – 0.04%
Management Ownership – 2.45%

Management Profile

Bernard Aylward – CEO
Bernard Aylward CEO 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, Bernard has experience operating in Europe, Siberia, South America and extensive experience throughout West Africa.

What is your rationale for taking part 121 Mining Investment?

Looking for access to equity investors and potential debt advisors.

What recent news would you like to highlight to investors attending?

Updates relating to the DFS on the Bougouni Lithium Project and exploration updates from gold assets.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Execution risk and finance risk relating to the development of the Bougouni Project

What do you think makes your company such a compelling investment?

Top 10 lithium resource in the world, excellent relationship with Suay Chin who are experts within the lithium market and are a strategic investor in Kodal.

What are the top 3 key investor takeaways?

Significant and advance lithium project, portfolio of gold exploration projects and Suay Chin as a strategic investor.