Exploration & Development Programme

Since acquiring the project in mid-2016, Kodal has implemented an accelerated exploration programme at the Bougouni Lithium Project.

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Since acquiring the project in mid-2016, Kodal has implemented an accelerated exploration programme at the Bougouni Lithium Project.

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WORK PROGRAMME

The graphic below illustrates the work undertaken to date:

  • August 2016
  • Acquisition of concessions

    Acquisition of Madina + Kolassokoro concessions

  • Field review + reconnaissance

  • Geochemical sampling

  • Geological sampling

  • Rock chip sampling

  • 2,000M RC drilling

    Drilling at Sogola-Baoule, Ngoualana + Kola prospects

  • trenching targeting pegmatite extentions

    Vein extensions at Sogola-Baoule, Boumou + Orchard

  • 2,500M RC drilling

    Drilling at Sogola-Baoule, Ngoualana prospects

  • Rock chip sampling

  • 8,000M RC drilling

    Drilling at Sogola-Baoule, Boumou + Orchard

  • diamond drilling

    Ngoualana

  • Assay results

    Ngoualana

  • Battery Grade Lithium Carbonate produced

    from Metallurgical and Processing Testwork

  • Exploration and definition work programme commenced

    Ngoualana extension areas to be followed by Sogola Baoule and Boumou

  • Infill and Extension Drilling

    Confirms High-Grade Lithium Mineralisation

  • ASSAY RESULTS

    Ngoualana

  • TWO NEW EXPLORATION LICENCES CONFIRMED

  • ASSAY RESULTS

    Ngoualana – returned high grade mineralisation

  • EXTENSION DRILLING

    Sogola-Baoule

  • ASSAY RESULTS

    Sogola-Baoule and Boumou

  • MAIDEN MINERAL RESOURCE

    17.3Mt at 1.20% Li2O in the Inferred category

  • UPDATED MINERAL RESOURCE

    21.3Mt at 1.11% Li2O, with 11.6Mt at 1.13% Li2O in the Indicated category and 9.7Mt at 1.08% Li2O in the Inferred category

  • ASSAY RESULTS

    Sogola-Baoule, Ngoualana and Boumou

  • February 2019

Assay results

Since acquiring the project in mid-2016, Kodal has implemented an accelerated exploration programme at the Bougouni Lithium Project.

NGOUALANA

  • 47m at 1.51% Li2O from 32m;
  • 18m at 2.06% Li2O from 140m;
  • 21m at 1.72% Li2O from 11m; and
  • 18m at 1.69% Li2O from 37m

Orchard

  • 8m at 1.68% Li2O from 38m
  • 8m at 1.73% Li2O from 78m; and
  • 6m at 1.61% Li2O from 55m

Sogola-Baoule

  • 8m at 1.24% Li2O from 40m;
  • 7m at 1.29% Li2O from 63m; and
  • 8m at 1.62% Li2O from 104m

BOUMOU

  • 13m at 1.44% Li2O from 111m, including 5m at 2.02%
  • Li2O from 116m;
  • 8m at 1.63% Li2O from 62m; and
  • 10m at 1.55% Li2O from 23m

ngoualana prospect

The Ngoualana prospect has been prioritised for development due to the wide, high grade pegmatite mineralisation encountered from surface. A graphic, showing the extensive outcropping of pegmatite mineralisation at surface, can be seen below:

The Company has completed initial metallurgical testwork which has confirmed the ability to produce a high-grade spodumene concentrate from the pegmatite hosted lithium mineralisation at the Bougouni Lithium Project. Metallurgical recoveries range from 80% to 87% for initial flotation testwork and spodumene concentrate grades ranging between 5.5% and 6.7% Li2O has been achieved from multiple batch testing. This mineralisation is recognised as high-grade and of suitable quality for producing lithium carbonate, with low level potassium and sodium content and with moderate iron content.

The metallurgical testing was completed at the Shandong Ruifu Lithium Co Ltd which operates a lithium carbonate and lithium hydroxide production plant in China. Shandong Ruifu has a close relationship with Kodal’s major shareholder Suay Chin International Pte Ltd and is looking to secure supply of quality lithium bearing mineralisation following a recently completed upgrade to its processing plant.

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Sogola Baoule Prospect

The Sogola-Baoule prospect has returned multiple parallel pegmatite veins and the continuity of the thickened pegmatite zone and the continuity of the parallel pegmatite veins has been confirmed. A graphic, showing the extensive outcropping of pegmatite mineralisation at surface, can be seen below: