AIM-listed explorer and developer, Kodal Minerals, has renewed the gold exploration permits for the Dabakala and Korhogo projects in Côte d’Ivoire.
Kodal Minerals maintains a suite of prospective gold exploration projects in Mali and Côte d’Ivoire.
The Côte d’Ivoire exploration concessions consist of the Dabakala, Korhogo and Boundiali (under application) projects, which are 100%-owned and operated by Kodal Minerals, and the Tiebissou, Nielle and M’Bahaikro (under application) projects, which are owned in a joint venture (JV) with ASX and LSE-listed gold mining and exploration company Resolute Mining.
Kodal Minerals has received confirmation that the exploration licences for the Dabakala and Korhogo concessions have each been renewed for a further three-year term, expiring in April 2023. The other Côte d’Ivoire concessions named above expire after 1 to 2 years and upon grant will be for an initial three-year term with potential for renewal.
Resolute Mining JV activity update
Exploration drilling has been planned for the Nielle project, located in the north of Côte d’Ivoire, to follow up on the gold mineralisation that was defined in previous drilling. Due to the outbreak of the COVID-19 virus, exploration activity planned by Resolute for Côte d’Ivoire is currently postponed and is not expected to re-commence until after the wet season towards the end of this year.
Read more about Côte d’Ivoire
“We are delighted to have been awarded a further three-year term on two of our wholly-owned concessions in Côte d’Ivoire which secures the Company’s exploration interests in these gold projects,” says Kodal Minerals CEO Bernard Aylward.
“During this unprecedented period, I am very pleased to be able to report a strong increase in interest in gold assets, demonstrating the potential value in the Company’s portfolio,” he concludes.