Exploration
Kodal commenced its 2024 drilling campaign in Q1, focussing on further resource definition, infill and exploration drilling at the Boumou and Sogola-Baoule prospects within the Bougouni mining licence along with Kola and Bougouni South, which are not currently featured in the 2023 MRE.
Extension and definition drilling programme at the Boumou prospect so far in 2024 has confirmed the potential for further significant additional mineralisation along strike and at depth. An exploration budget totalling US$1.7m has been allocated to drilling at Boumou, Kola and Sogola-Baoulé.
Kodal’s 2024 drilling programme consists of:
RC drilling to continue to target strike extensions over an additional 750m to the west, as well as new targets identified to the east of the prospect
Diamond drilling to provide geological and structural control features of the pegmatite veins, which, in turn, will enhance success of ongoing targeting
Diamond drilling to provide metallurgical samples for testing to confirm the recoveries and possible material to supplement the proposed DMS plant and/or future flotation plant, which in both cases will support increased life of mine potential
Diamond drilling to provide geotechnical information for future open-pit mining
The overall exploration target is to increase Bougouni Project’s MRE to 50Mt at 1.1% Li2O via exploration drilling and expand its current life-of-mine to well over the current 12 years, adding at least an additional 10 years to current LOM.
