Kodal Minerals Clarifies Export Speculation and Confirms Progress at Bougouni Project

The latest update is out from Kodal Minerals ( (GB:KOD) ).

Kodal Minerals has addressed recent media speculation regarding the export of spodumene concentrates from its Bougouni Lithium Project in Mali, confirming that discussions with the Malian government are ongoing and progressing as planned. The company has accumulated over 27,000 tonnes of spodumene concentrate ready for export and maintains a positive relationship with the government, which supports the project’s development. Operations at Bougouni continue as normal, with the processing plant ramping up to full production capacity, and further updates will be provided as milestones are achieved.

The most recent analyst rating on (GB:KOD) stock is a Buy with a £1.00 price target. To see the full list of analyst forecasts on Kodal Minerals stock, see the GB:KOD Stock Forecast page.

Spark’s Take on GB:KOD Stock

According to Spark, TipRanks’ AI Analyst, GB:KOD is a Neutral.

Kodal Minerals is at a transitional stage with a strong balance sheet and recent progress in lithium production. However, the lack of revenue and negative cash flows are primary concerns. The stock may be undervalued, presenting potential upside if operational improvements are realized. Corporate events positively impact the outlook, but technical indicators remain neutral to bearish.

To see Spark’s full report on GB:KOD stock, click here.

More about Kodal Minerals

Kodal Minerals Plc is a mineral exploration and development company operating in the mining sector. The company focuses on the exploration and production of lithium, with its flagship project being the Bougouni Lithium Project in Southern Mali.

Average Trading Volume: 45,316,754

Technical Sentiment Signal: Sell

Current Market Cap: £63.17M

Find detailed analytics on KOD stock on TipRanks’ Stock Analysis page.