Breakdown | ||||
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
-13.14K | -15.31K | ― | ― | ― | EBIT |
-3.34M | -1.46M | -883.53K | -590.86K | -629.62K | EBITDA |
-1.77M | -1.45M | -896.17K | -585.04K | -623.58K | Net Income Common Stockholders |
27.19M | -1.46M | -903.09K | -655.88K | -629.39K |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
16.33M | 1.05M | 2.43M | 33.22K | 1.41M | Total Assets |
57.57M | 12.50M | 13.26M | 8.71M | 8.40M | Total Debt |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
-16.33M | -1.05M | -2.43M | -33.22K | -1.41M | Total Liabilities |
139.30K | 406.34K | 624.62K | 658.71K | 597.25K | Stockholders Equity |
57.43M | 12.09M | 12.64M | 8.05M | 7.80M |
Cash Flow | Free Cash Flow | |||
-5.27M | -3.24M | -1.11M | -2.08M | -3.74M | Operating Cash Flow |
-2.53M | -768.24K | -575.52K | -527.78K | -349.76K | Investing Cash Flow |
3.47M | -2.48M | -535.95K | -1.55M | -3.39M | Financing Cash Flow |
14.87M | 1.96M | 3.51M | 690.00K | 2.21M |
Kodal Minerals has announced significant progress at its Bougouni Lithium Project in Mali, with the construction nearing completion and the production of over 11,000 tonnes of spodumene concentrate. The company is ramping up towards commercial production, but the transfer of the mining license is pending final approval from the President of Mali. This delay has led to a request for an extension on a payment to the Mali government. The project has demonstrated strong local engagement, employing a high percentage of Malian workers, and is expected to enhance local infrastructure with new road construction.
Kodal Minerals has announced the release of a new corporate presentation highlighting the first production of spodumene at its Bougouni Lithium Project in Mali. This milestone marks a significant advancement in the company’s operations, potentially enhancing its competitive positioning in the lithium market and offering promising implications for stakeholders.
Kodal Minerals has announced the successful production of its first spodumene concentrate at the Bougouni Lithium Project, marking a significant milestone for the company. The production was achieved ahead of schedule during the commissioning phase of the Dense Media Separation processing plant. With an initial concentrate grade of 5.53% Li2O, the company is on track to ramp up operations to full capacity shortly. This development positions Kodal Minerals well within the lithium market, as the mining and processing operations have commenced continuous operations, and preparations for the first shipment of lithium spodumene concentrate to China are underway.
Kodal Minerals announced a significant transaction where Suay Chin International Pte Ltd sold 3 million ordinary shares, adjusting its holding to approximately 10.99% of the company’s issued share capital. This transaction reflects potential shifts in stakeholder positions and could influence the company’s market dynamics.
Kodal Minerals has successfully installed and operationalized a power generation plant at its Bougouni Lithium Project in Southern Mali, marking a significant milestone towards the full commissioning of its Dense Media Separation (DMS) processing plant. This advancement, fully funded through a US$117.5 million investment, positions Kodal to commence commercial lithium production by the first quarter of 2025, enhancing its standing as a potential first London-listed lithium producer in West Africa.