Kodal Minerals Shares Gain 2,80%: What Should You Know About The Latest News?

Today, shares of Kodak Minerals rose by 2.80% and were trading at a price of 0.3300 GBP. At the beginning of last month, the shares rose to 0.4100 GBP points and reached their maximum. Two weeks later, the price fell to 0.3200 GBP. By the end of the month, the shares were worth 0.3889 GBP. Kodal Minerals said it expects to obtain a lithium mining license at Buguni in Mali in the “near future” ” which represents the final approval required for the site to be fully authorized for development.

Kodal Minerals Shares Gain 2,80%: What Should You Know About The Latest News? Buguni is expected to produce US $ 1.4 billion worth of concentrate during the life of the mine, which is currently eight and a half years. The projected payback of the initial $ 117 million that will be required for the construction of the mine is expected to be about 1.7 years, based on the latest feasibility study. The net present value of the project is estimated at US $ 300 million. Currently, Buguni is the most advanced deposit of the company, Kodak owns a number of gold assets in Mali and Ivory Coast.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter