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Kodal Minerals ( (GB:KOD) ) has issued an update.
Kodal Minerals has announced that operations at its Bougouni Lithium Project in Southern Mali are continuing as normal despite recent security concerns in the region. The company has successfully commenced the transportation of over 10,000 tonnes of spodumene concentrate to the port of San Pedro in Cote d’Ivoire, with more shipments expected. The management is currently on-site for a scheduled presidential inauguration, indicating the project’s significance and ongoing development.
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. It co-develops the Bougouni Lithium Project in Southern Mali with joint venture partner Hainan Mining, a subsidiary of Fosun International. The project covers 350km² in the Birimian terrain, with a Stage 1 Dense Media Separation plant targeting 125ktpa Li₂O spodumene concentrate and a Stage 2 Floatation plant expected to begin in 2028.
Average Trading Volume: 53,091,039
Technical Sentiment Signal: Sell
Current Market Cap: £61.86M
For detailed information about KOD stock, go to TipRanks’ Stock Analysis page.