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Kodal Minerals ( (GB:KOD) ) has issued an update.
Kodal Minerals has announced the departure of the first truckloads of spodumene concentrate from its Bougouni Lithium Project in Mali, marking a significant milestone for the company. The initial shipment of 30,000 tonnes is expected to generate revenue upon loading at the San Pedro port, with further updates anticipated as the export process continues. This development underscores Kodal’s operational progress and potential impact on the lithium market, enhancing its position as a key player in the industry.
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 Hainan Mining, a subsidiary of Fosun International. The project is situated in the Birimian terrain and aims to produce significant quantities of Li₂O spodumene concentrate. Kodal Minerals also holds a portfolio of gold assets in West Africa.
Average Trading Volume: 51,266,344
Technical Sentiment Signal: Sell
Current Market Cap: £57.8M
For a thorough assessment of KOD stock, go to TipRanks’ Stock Analysis page.