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Kodal Minerals ( (GB:KOD) ) has provided an announcement.
Kodal Minerals has announced a board change, with Operations Director Steve Zaninovich transitioning back to a non-executive director role with immediate effect, following his key involvement in steering the Bougouni Lithium Project in Mali from development and construction into production and export of spodumene concentrate. While stepping back from day-to-day operational responsibilities, Zaninovich will remain closely involved with Bougouni through his directorship at Kodal Mining UK Limited and a new consultancy arrangement, ensuring continuity as the project continues to develop and expand, and the company’s five-member board, led by Non-executive Chairman Robert Wooldridge and CEO Bernard Aylward, maintains oversight of its growing lithium operations.
The most recent analyst rating on (GB:KOD) stock is a Hold with a £0.46 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.
The score is weighed down most by weak financial performance (pre-revenue operations, ongoing losses, and negative free cash flow), partially offset by a debt-free balance sheet. Technicals are comparatively supportive with price trading above major moving averages and positive momentum indicators, while valuation remains pressured due to negative earnings and no provided dividend yield.
To see Spark’s full report on GB:KOD stock, click here.
More about Kodal Minerals
Kodal Minerals plc is an AIM-quoted West African mining company focused primarily on lithium exploration, development and production, with additional prospective gold assets in its portfolio. Its flagship Bougouni Lithium Project in southern Mali, co-developed with joint venture partner Hainan Mining, is advancing through staged development, with a Stage 1 Dense Media Separation plant targeting 125,000 tonnes per annum of Li₂O spodumene concentrate and a Stage 2 flotation plant planned to increase output further. The project is operated by Les Mines de Lithium de Bougouni SA, owned by Kodal Mining UK Limited, in which Kodal holds a 49% stake, positioning the company as an emerging supplier in the global lithium market.
Average Trading Volume: 93,777,609
Technical Sentiment Signal: Strong Buy
Current Market Cap: £86.8M
For detailed information about KOD stock, go to TipRanks’ Stock Analysis page.