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An announcement from Kodal Minerals ( (GB:KOD) ) is now available.
Kodal Minerals has announced the successful departure of its first shipment of 28,950 tonnes of lithium spodumene concentrate from the Port of San Pedro in Côte d’Ivoire to Hainan Province, China. This marks a significant milestone for the Bougouni Lithium Project in Mali, as it will generate the first revenues from the project, expected to be around US$24 million. The shipment reflects the effectiveness of the transport route and highlights the company’s progress in the lithium market, with expectations of favorable pricing due to recent improvements in the lithium market. The project is the second lithium mine in Mali and is operated by Les Mines de Lithium de Bougouni, a subsidiary of Kodal Mining UK Limited.
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 an AIM-quoted company focused on lithium exploration, development, and production in West Africa. The company co-develops the Bougouni Lithium Project in Southern Mali with joint venture partner Hainan Mining. The project covers 350km² in the Birimian terrain and includes a Dense Media Separation processing plant with a target output of 125ktpa Li₂O spodumene concentrate. Kodal Minerals also holds a portfolio of prospective gold assets in West Africa.
Average Trading Volume: 71,344,053
Technical Sentiment Signal: Buy
Current Market Cap: £72M
Learn more about KOD stock on TipRanks’ Stock Analysis page.