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Project Overview

The Bougouni Project consists of two concessions, the Kolassokoro and Madina licences, which cover a contiguous area of 500km2.  The project area is located approximately 180km south of Bamako, the capital of Mali, with excellent access to the project via sealed road from Bamako. 

Regional geological studies were undertaken in 2008 to assess the lithium mineralisation of the Bougouni-Sikasso region of southern Mali and identified areas of high potential.  The studies were completed by consultants CSA Global (“CSA”) and were commissioned and funded by the World Bank as part of the SYSMIN economic development programme. 

Kodal commenced a detailed geological study and rock chip sampling programme in September 2016.  The results from this work have highlighted the high-grade lithium mineralisation at Bougouni, and identified new zones of pegmatite mineralisation with initial assays including 2.03% Li2O and 1.96% Li2O within Bougouni.  The exploration programme completed to date is a reconnaissance programme which has now identified three new high priority areas with high-grade lithium mineralisation and extensive pegmatite zones that have had no previous exploration or systematic testing.

A total of 51 samples are reported in this batch from Bougouni (44 sample locations and 7 QAQC samples).  The assay range for the samples varies from a minimum of below detection limit (0.005% Li) to a maximum result of 2.03% Li2O.  Samples are reported as Li% and converted to Li2O% by multiplication of a factor of 2.153.

Samples were analysed by ALS Laboratories, with sample receipt at ALS Bamako Mali, sample preparation at ALS Ouagoudougou, Burkina Faso with final analysis completed at ALS Vancouver, Canada.  Samples analysis was completed with a four acid digest and final detection by ICP-AES method.

The Company commenced a 2,000m reverse circulation ("RC") drilling programme in November 2016 targeting high-grade lithium mineralisation within the Bougouni Project.  The RC drilling programme consisted of 18 drill holes for 1,323m completed (six holes for 415m at Sogola, eight holes for 712m at Ngoualana and four holes for 196m at Kola) with all geological logging and sampling completed.