Kodal Minerals, Harworth and Harvest Minerals

The FTSE100 began the last session of 2016 on the back foot having romped its way to two consecutive all-time highs this week with precious metals miners’ shares being powered by a rise in gold prices,” says AJ Bell Investment Director Russ Mould.

“Kodal Minerals’ shares jumped after it confirmed further high-grade samples at the Bougouni lithium project in southern Mali. Kodal has completed initial reconnaissance drilling at Bougouni and is now eagerly awaiting assay results. An ongoing geological mapping and rock-chip sampling programme is continuing to return high-grade lithium samples and is defining new target zones which highlight the prospectivity and value of the Bougouni project. Kodal’s shares were up 20% in early trading.

“Brownfield regeneration and property investment specialist Harworth has strengthened its income portfolio and expanded its presence in the North West with the acquisition of the Four Oaks Business Park in Preston. Four Oaks is fully let and easily accessible as it sits at the intersection of Junction 9 of the M61, Junctions 29 and 30 of the M6 and Junction 2 of the M65.  This is Harworth's fourth major purchase this year and reinforces its objective of replenishing its portfolio with new sites in the regions in which it already operates.

“Harvest Minerals’ second air core drilling programme has confirmed the consistent quality of mineralisation at the Maximus prospect, part of the Arapua fertiliser project in Brazil. Independent consultant GE21 will now revise the current resource using this additional drill data which should allow Harvest to increase potential production well above the 100,000 tonnes per annum over seven years, based on the current resource.”

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