Kodal Minerals PLC (LON:KOD) closed out the year to end March 2019 with cash balances of £1.4mln, according to the company’s latest set of financial results.
By the end of August cash stood at £570,000, after significant spending on the company’s lithium exploration projects in southern Mali.
In the past 12 months, the company has delivered a new resource for the Bougouni project, completed an environmental and social impact assessment report, and made substantial progress made on the ongoing feasibility study.
The company also continues to hold a portfolio of West African gold exploration projects