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The latest announcement is out from Kodal Minerals ( (GB:KOD) ).
Kodal Minerals, a West African lithium producer listed on AIM, co-develops the Bougouni Lithium Project in southern Mali with Hainan Mining, holding an effective 49 per cent stake in the operating vehicle that controls 65 per cent of the project. Bougouni’s Stage 1 Dense Media Separation plant began producing spodumene concentrate in February 2025, with a second-stage flotation plant expected to expand lithium output later in the decade.
The company has responded to a performance report from partner Hainan Mining that flagged a significant 15.47 million tonne increase in spodumene resources at Bougouni, clarifying that this figure is based on Hainan’s internal estimates from 2025 drilling data. Kodal stressed that these estimates have not yet been independently audited or confirmed as JORC-compliant, and any formal upgrade to the mineral resource estimate will only be disclosed via London’s RNS once full geological interpretation and external validation are complete, tempering market expectations in the near term.
The most recent analyst rating on (GB:KOD) stock is a Sell with a £0.30 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 KOD Stock
According to Spark, TipRanks’ AI Analyst, KOD is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow) and bearish technical signals (below key moving averages with negative MACD). A debt-free balance sheet modestly offsets risk, while valuation is difficult to assess due to negative earnings and no dividend support.
To see Spark’s full report on KOD stock, click here.
More about Kodal Minerals
Kodal Minerals is an AIM-quoted West African mining company focused on lithium exploration, development and production, alongside a portfolio of prospective gold assets. Its flagship Bougouni Lithium Project in southern Mali spans 350km² in the Birimian terrain and is co-developed with Hainan Mining, with Stage 1 DMS production targeting 125ktpa Li₂O concentrate and a Stage 2 flotation plant planned to lift output further by 2028.
Average Trading Volume: 92,271,528
Technical Sentiment Signal: Sell
Current Market Cap: £64.18M
Find detailed analytics on KOD stock on TipRanks’ Stock Analysis page.