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Zak Mir talks to Bernard Aylward, CEO of Kodal Minerals, the mineral exploration and development company, who provided an update on the initial drilling assay results returned at the Boumou prospect located within the Bougouni Lithium Project in Mali.

In this interview, Aylward provides an update on the progress of the Bougouni Lithium Project in Mali.

Bernard Aylward, CEO of Kodal Minerals, remarked: “The Boumou prospect at our flagship Bougouni Lithium Project continues to exceed our expectations and these new wide, high-grade intersections provide further support for the interpretation of the continuity of the pegmatite mineralisation, as defined in the March 2023 drilling campaign.  The extension and definition of the Boumou prospect continues to be the highest priority for the exploration drilling, and the potential to define further coarse grained mineralisation suitable to dense media separation (“DMS”) treatment may provide the opportunity to further extend the current 4-year life of the Stage 1 Ngoualana DMS treatment plant currently in construction

“The diamond drill core programme is continuing at Boumou and our exploration  team is reviewing a metallurgical testwork programme to plan for the optimisation of the Stage 2 floatation design and optimise the mining schedule with Boumou and Sogola-Baoule Prospects.”

Key points from the interview:






Project Funding and Development: Kodal Minerals has received substantial funding, including $100 million from a partner, Hainan Mining, to cover the estimated $65 million needed for the Dense Media Separation (DMS) plant and further project development.

Drilling and Resource Expansion: The company is continuing to drill and expand the resource base. Recent drilling results at the Boumou prospect have shown some of the thickest and highest-grade intersections.

Project Strategy: The strategy involves quickly moving into the development phase, with the construction of the DMS plant and plans for a stage two flotation plant in the next couple of years.

Current Progress: Construction of the DMS plant is underway, with equipment being transported to the site. The project is on schedule to start production by the end of 2024.

Team and Outlook: The team is growing, and the company is optimistic about the future, expecting to ship concentrate from the DMS plant before December 2024.

Aylward expresses confidence in the project's progress and emphasizes the importance of a long-term approach in the mining industry. The interview concludes with a positive outlook on the project's development and future stages.

https://www.share-talk.com/zak-mir-talks-to-bernard-aylward-ceo-of-kodal-minerals/

On Friday, UK gas company Sound Energy PLC (SOU.L) announced that it has sold its subsidiary, Sound Energy Morocco East Limited, to Morocco’s largest mining company, Managem.

According to Sound Energy, the transaction totals $45.2 million and is crucial for advancing production in the eastern Morocco gas field, Tendrara. Managem stated that the Tendrara field will begin production next year, with an expected annual output of 100 million cubic meters.

Managem plans to boost production at the Tendrara field to 280 million cubic meters once it is connected to an existing gas pipeline linking Morocco to Spain, the company added. Managem’s CEO, Imad Toumi, mentioned in the statement that the group is actively seeking other gas assets in Africa.

As part of the deal, Sound Energy will retain a 20% interest in the Tendrara Production concession and a 27.5% working interest in both the Grand Tendrara Exploration Concession and the Anoual exploration permit.

Commenting, Graham Lyon (Executive Chairman of Sound Energy) said: "We are very pleased to have entered into this binding Share sale to an excellent counterparty Managem SA.  The share sale transaction of our UK company subsidiary, the Permits Owner, is structured to allow a smooth transition to Managem whilst bringing Sound Energy two new exciting exploration drills, substantial funding for the phase 2 development and past costs. There is also a production bonus once Phase Two gas is delivered".

https://www.share-talk.com/graham-lyon-executive-chairman-of-sound-energy-plc-sou-l-interview/

Share Talk took the opportunity to talk to Aidan Bishop today, the share price in the past month has reached 125% with news from the farm-out  deal for the Gubong gold project in South Korea and the Declaration Of Mining Project Feasibility Work Commencing At The Batangas Gold Project In The Philippines

Bluebird has completed a $5 million farm-out deal for the Gubong gold project in South Korea. This agreement incorporates a free carry arrangement, allowing the company to delay additional investments until specific milestones are achieved.

The Gubong project, which holds an estimated 1.3 million ounces of gold, is pivotal to the company's strategy to evolve into a junior gold producer. Bluebird intends to replicate this joint venture model across other projects, utilizing local partnerships and the technical know-how of the Bluebird team to reduce development risks and enhance production efficiency.

"Momentum is crucial..." Aiming for an annual production of 82,000 ounces (with a 40% stake held by BMV), aligned with market capitalization, today looks set to be another strong trading day in connection with the Gubong farm. There's a noticeable shift in both sentiment and management.

"With the joint ventures at Gubong and Lobo moving forward, along with multiple ongoing projects, we expect to be very active in releasing news and will regularly update our stakeholders on developments, benefiting everyone involved." We now anticipate the integration of Kochang, as previously indicated, to complete our transition to a capital-efficient model with no upfront costs.

https://www.share-talk.com/bluebird-merchant-ventures-lonbmv-executive-director-aidan-bishop-spoke-to-zak-mir/

ECR Minerals (AIM: ECR), a mineral exploration and development company focused on gold in Australia’s Victoria and Queensland regions, continues to expand its focus beyond the Bailieston and Creswick gold projects with which it has long been associated. Cashed up, and with campaigns across three projects, with a possible fourth in the works.

Adam discusses the 2024 exploration campaign, highlighting the project’s unexplored potential, historical rock chips with high gold grades, and significant underground adits that allow for thorough geological assessment.

The current campaign focuses on reconnaissance, rock chip sampling, mapping adits for 3D models, stream sampling, and soil sampling to identify new targets. Additionally, the region shows potential for bismuth alongside gold, adding further value to the exploration efforts.

Here are the key points from the video:






Introduction: Adam Jones, chief geologist at ECR Minerals, is on site at Tambo in Victoria, Australia.

Project Recap: Historical rock chips have shown gold grades up to 22 grams per ton. The project is largely unexplored.

Significance of Adits: The historical adits provide access to underground material, allowing for detailed geological assessments and rock chip sampling.

Current Campaign: The focus is on reconnaissance, rock chip sampling, mapping adits for 3D models, stream sampling, and soil sampling along mineralization strikes.

Bismuth Potential: The area shows potential for bismuth alongside gold, with previous samples indicating up to nearly a kilogram of bismuth.

Geochemical Analysis: High arsenic levels in rock chips serve as a pathfinder for gold, aiding in the identification of new targets.

Neighbouring Exploration: First Au, a nearby ASX-listed company, has seen promising results from their diamond drilling program, suggesting a highly prospective area.

Local Knowledge: Engaging with local knowledge and understanding historical mining limitations are crucial for current exploration.

These points summarize the main activities and goals of the current exploration campaign at the Tambo site

https://www.share-talk.com/ecr-minerals-adam-jones-on-site-at-tambo-in-victoria-as-2024-exploration-commences/

Zak Mir interviewing Jason Brewer. Brewer, a director of multiple London-listed mining companies, discusses the operations and strategic focuses of his companies, such as Marula, Neo, Shuk, and Unicorn.

He highlights the emphasis on accelerating and expanding production projects, particularly in Africa, where these companies operate. Brewer details how his role involves actively participating in strategic planning and execution rather than merely holding a nominal position.

The discussion also touches on the current state of commodity prices and their impact on mining operations, pointing out the challenges and opportunities within the junior mining sector in the UK and globally.

https://www.share-talk.com/zak-mir-talks-to-jason-brewer-about-the-london-junior-mining-space/

Kavango Resources plc (LSE: KAV), the Southern Africa-focused metals exploration company, announced the Company has raised £3,085,366 by the issue of  257,113,862 New Ordinary Shares in the capital of the Company (“New Ordinary Shares”) at a price per share of 1.2 pence, via an underwritten accelerated bookbuild.

Share Talk took the opportunity to catch up with CEO Ben Turney to hear his thoughts and what the future holds for investors.

The company announced yesterday that it has agreed to updated terms for the exercise of the Hillside Call Option with the vendors of the Hillside Project ("Hillside") and Leopard South Project. Kavango has granted a royalty of 5% of gold production on the properties, capped at a value of $1,500,000, and which Kavango may at its option buy out within 12 months for an issue of 63,125,000 shares in the Company.

Ben Turney, Chief Executive Officer of Kavango, commented:

“Following the successful completion of the £3.08million financing, we’ve finalised terms on exercising the Hillside project option. The accelerated bookbuild was an innovative funding approach that was only possible thanks to Purebond’s strong support for Kavango and has helped us defend our recent share price gains in difficult market conditions.

In completing this transaction, Kavango becomes the sole owner of a significant ground holding in a highly prospective area for large-scale gold mining. Our recent drill results from Hillside have confirmed the region’s great potential. Highlights from our first two holes included 7.2m @ 9.95g/t at Prospect 2 and 2.53m @ 29.08g/t at Prospect 4. We plan to return soon with the drill rig to follow up on these targets to test for bulk-minable ore bodies.

Meanwhile, through Kavango Mining, we will continue to increase profitable gold production at Hillside. Encouragingly, production in April was just over 1kg, representing a second consecutive profitable month. It is encouraging that this business unit is performing better than expected and before we invest in new equipment. We will shortly announce a capital investment programme to grow production over the coming months.

I must congratulate all our team for the excellent work they are doing. Our exploration team is performing extremely well and the Kavango Mining team has got off to a great start. We are laying a strong foundation in Zimbabwe to build a successful business together.”

https://www.share-talk.com/ben-turney-chief-executive-officer-of-kavango-resources-lonkav-talking-to-zaks-traders-cafe-2/