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Project Overview

Kodal owns 100% of the 345km2 Nangalasso Project which consists of two concessions, the Nangalasso and Sotian concessions, over which Kodal holds exclusive access and option to purchase agreements.  The project is located in Southern Mali, approximately 250km from the capital of Bamako and 30km to the west of the world-class 3.2 million ounce Syama Gold mine operated by Resolute Mining Limited (RSG:ASX) which is expected to produce 204,000 ounces of gold FY 2017.

Previous exploration at Nangalasso has consisted of surface geochemical sampling, auger geochemical drilling, trench sampling and wide-spaced reconnaissance aircore drilling.  A large geochemical gold anomaly has been defined at Nangalasso and results from the reconnaissance drilling include 3m at 7.1g/t gold within a broader zone of 21m at 1.25g/t gold, 3m at 7.84g/t gold, 1m at 7.8g/t gold and broad anomalous zones from trench samples including 7m at 3.84g/t gold.