IN BRIEF: Kodal Minerals enter Asamankese binding agreement

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Kodal Minerals PLC - West Africa-focused mineral explorer and developer - Enters binding agreement with GH Geo-Consult Ltd in relation to the Asamankese lithium project, Ghana. Kodal has acquired an initial 10% interest in the project for USD300,000. It can increase its stake to 80% over five years through further investment and exploration work, including a mineral resource estimate and definitive feasibility study. Historic rock-chip sampling returned up to 3.0% lithium oxide at Asamankese. Kodal Chief Executive Officer Bernard Aylward says: "Asamankese represents a strategic expansion of Kodal’s lithium footprint in West Africa and provides an exciting new growth opportunity in Ghana."

Current stock price: up 11%, to 0.31 pence per share

12-month change: down 3.1%

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