- Kodak Minerals confirmed its was close to releasing a new mineral resource estimate for its Bougouni lithium project in Southern Mali.

The company said the new estimate may be released in early September, in line with previous guidance of an autumn release.

It made the statement in response to a sharp increase in its share price.

'The company has contracted CSA Global to prepare the report but is awaiting certain remaining assay results from its recent drilling programme before the report can be completed,' Kodak said.

'The board's current best estimate is that the report will be published in early September, although this timing cannot be guaranteed at this stage.'

At 1:26pm: [LON:KOD] Kodal Minerals share price was +0.02p at 0.22p

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