Kavango Resources Share Discussion Threads

[apotheki] 17/6/2024 11:00

SP Angel . Morning View .

Kavango Resources* (KAV LN) 1.5p, Mkt Cap £21m – Botswana drilling to start this week

· Kavango Resources reports that it will start a 5,000m drilling programme to test priority shallow targets in the Kalahari Copper Belt in Botswana.

· The company says that it has identified 15 priority targets in its “located above interpreted, doubly-plunging fold structures over gravity highs where associated faulting is thought to be favourable for trap site development” for copper/silver mineralisation.

· The targets are relatively shallow at depths between 150-350m below surface.

· Chief Executive, Ben Turney, described the programme as “the most sophisticated drill campaign ever undertaken by Kavango”.

· He described how, having assembled “a wide ranging and comprehensive data set over Karakubis” the results were “compared … with what is known about major discoveries elsewhere on the Kalahari Copper Belt” to select specific targets.

The Kalahari Copper Belt is gaining increasing attention following recognition that the contact zone between the D’Kar and Ngwako Pan Formations hosts economic copper/silver mineralisation including at the T3 deposit of Sandfire Resources and at Khoemacau Mining’s Zone 5 deposit where, in February 2023, mining reached the targeted 300,000tpm rate.

Conclusion: We look forward to results from the drilling at Karakubis as the drilling progresses.

*An share price Angel Analyst holds shares in Kavango

[paulhopeful] 15/6/2024 17:20

Great to see the drill rig has arrived, Good luck everybody, Exciting times.

[apotheki] 14/6/2024 16:30

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Arc Minerals (ARC LN) 1.84p, Mkt cap £27m – Drilling starts at Virgo project in Botswana

Arc Minerals reports the start of drilling at the Virgo project in Botswana.

Management have worked up some drill targets based on the results of an Induced Polarisation survey along two trends of high chargeability.

These lie close to an interpreted redox contact.

This refers to an area where there is a change in the chemistry and particularly oxidising agents / reductants within the underling geology.

Arc is planning a 3,000m maiden exploration drilling campaign using relatively cheap, Percussion and Reverse Circulation drilling to take the holes through the Kalahari sand before extending the holes using more expensive Diamond Drilling.

The plan is for five holes using Percussion and RC drilling for 930m with a further 1,320m of DD to follow indicating the team expect to drill through around 186m of sand cover before drilling into harder rock below.

This indicates that any potential discovery will likely start at around 186m depth.

A further three holes will be drilled on a separate license for just 750m to test soil geochemistry with one hole to test a potential syncline.

Conclusion: We are big fans of structural geology and its ability to direct geologists towards new mineral discoveries, but we remain cautious over its ability to direct drilling to economic targets in the Botswana Kalahari due to the relatively deep sand cover.

We continue to favour Kavango Resources* which, we see as, substantially further advanced in its exploration of the Kalahari Copper Belt and is drilling 5,000m to test trap site structures associated with associated with doubly plunging fold targets and anticlines identified from modelling of Airborne ElectroMagnetic at around 200-300m depth. The level of sand cover makes exploration equally difficult and speculative for both companies.

*The analyst holds shares in Kavango Resources

[browngirl] 06/6/2024 18:59

thanks Paul

[paulhopeful] 06/6/2024 17:20

Browngirl: yes Ben brought 2 million shares back in May, Plus others on the Open market I believe. Deputy Chairman Peter Wynter Bee is in for a mind-boggling £750,000.

[browngirl] 06/6/2024 16:59

Paul
I thought the director purchase was bullish as well did he but 2million

[paulhopeful] 06/6/2024 12:05

jp2011: yes, but six months on ENRG Areas is not that long, Perhaps they’re especially confident with what has been seen there? The last two RNS Announcements on KCB Say drilling expected to commence in June. Within RNS 31st May: A large number of potential drill targets have been identified, Which will be ranked according to results of the IP surveys. Over 18 months work has generated more target areas than anticipated. Would think with 10-15 Drills in phase 1, but with Lots of targets, It’s A process of Prioritisation. Kavango Resources: Director purchase. We’re pleased to announce our Deputy chairman Peter Wynter Bee has increased his holding in Kav to 5.77 Percent. That shows massive confidence, They’re not the only ones pleased.

[jp2011] 05/6/2024 16:07

Paul: KAV has had 18 months to complete geophysics on the original KAV licences and at least 6 months on the acquired ENRG areas. Drilling was meant to start March and its looking unlikely in June. BT hasn't explained the delays or why the latest batch of tests is only taking place now? There is a possibility drilling is further delayed into Aug. BT talked about twin rigs, it's not about the money but getting the share price into a good place before the next raise in Nov/Dec.One thing I did notice is the ENRG related priority targets look to have changed which may have something to do with the contact depths. KAV is going for shallow targets first as a proof of concept. The last KAV RNS does talk about looking for pathfinder elements which is slightly at odds because PIs are looking for discoveries.

[paulhopeful] 01/6/2024 20:08

We can’t complain that it’s been going slow, And then say they aren’t allowing enough time for Geophysics? I would imagine they’re moving at the correct speed with the evidence they have to hand. Looks to me that the problem is they have too many targets to choose from ? So are trying to prioritise. Possibly, they will leave scope to adjust their plan as the drilling commences? Have seen Ben‘s guesstimate on what a reasonable find could be worth on success, my guess is that is conservative, if they hit their target. The current drill plan only covers a tiny part of the overall license area, Less than half a percent.. Makes you wonder what the rest of the license area could contain or be worth? Good luck to the team, Can see a lot of work has gone into this.

[jp2011] 31/5/2024 11:57

First Equity is a good assessment but then it should be! Have to say progress is very slow. A few weeks back KAV was talking about two drilling rigs to accelerate matters, now I wonder if drilling will start in July rather than June. There have clearly been issues with geophysics and we know to our cost PL082 what happens so no excuses this time.

[apotheki] 31/5/2024 11:30

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Kavango Resources* (KAV LN) 1.5p, Mkt Cap £22m – High priority copper targets identified through geophysics in Botswana

Kavango Resources provides an update from its exploration programme on the Kalahari Copper Belt Karakubis Copper Project.

Geophysics have been conducted using Airborne ElectroMagnetics over the Block 1A of the Karakubis Project.

This has identified a potential contact point between lower D’Kar Formation and Ngwako Pan Formation.

This contact point has formed copper/silver deposits in the region.

The Company will now conduct Induced Polarisation over five high priority targets to rank for drilling.

Drilling is set to begin in June.

*An share price Angel Analyst holds shares in Kavango

[apotheki] 31/5/2024 11:25

First Equity

KCB Targets Identified & Drilling to Start in June.

Kavango Resources plc (KAV.L) this morning announced the identification of a number of high priority targets for a Phase 1 drilling programme of around 5,000 metres on its Kalahari Copper Belt (KCB) project in Botswana. The next news-flow from this project is likely to be results of the IP surveys to refine final targets and then activity relating to the start of drilling “in the coming weeks”. Further details and technical analysis can be found on the RNS button link below.

FE Comment:

The end game objective on the KCB project is to discover and identify one or several large-scale copper silver deposits. An example of what can be achieved in monetary terms and potential prize awaiting from a major KCB discovery is illustrated by the acquisition of the Khoemacau Copper Mine (Zone-5 deposit) deposit, announced late last year for the enormous sum of US$1.88 billion by Hong Kong listed MMG. Kavango believe its KCB targets are very similar to Sandfire Resources’ T3 and A4 deposits, which were obtained when it acquired Mod Resources for A$167m in 2019, when copper spot prices were around 40% less than today’s level.

We continue to rate the shares as a ‘Buy’ based on the near term high-impact drilling and ‘company making’ potential on the KCB project, along with the continued development and expansion of the Group’s gold producing assets in Zimbabwe.

[jp2011] 31/5/2024 08:23

Gradient Array Induced Polarisation is quite important and still outstanding

[apotheki] 31/5/2024 07:55

BOTS - Priority KCB Targets identified

Kavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company, is pleased to announce the first high priority targets have been identified for Phase 1 of the drilling on the Kalahari Copper Belt (KCB) Karakubis Copper Project in Botswana.

Highlights

· Specialist geophysical consultant Emergo Srl has completed Inversions on Airborne ElectroMagnetic ("AEM") data over the central portion of Survey Block 1A of the Karakubis Project.

o Kavango interprets this area is underlain by lower D'Kar Formation ("DKF").

o The contact point between the lower DKF and Ngwako Pan Formation ("NPF") is known to coincide with major copper/silver ("Cu/Ag") deposits in the region.

· Kavango has identified five high priority target areas for immediate Gradient Array Induced Polarisation ("IP") surveys to refine drill targets.

o The high priority target areas are interpreted to be underlain by lower DKF stratigraphy, occupying a faulted block within the Kara Antiform, which lies along a gravity high believed to represent a basin margin setting.

o A large number of potential drill targets have been identified, which will be ranked according to results of the IP surveys.

· First phase of drilling, totalling approximately 5,000 m, designed to test trap site structures associated with doubly plunging fold targets and anticlines identified initially from modelling of AEM data as being relatively shallow, at ~200-300m.

· Diamond core drilling of selected targets will be undertaken by Mitchell Drilling, commencing in June.

· Further priority targets anticipated as data processing and interpretation are completed for survey results from Survey Blocks 1A and 1B.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"Kavango holds in excess of 6,200 km2 of highly prospective ground in the Kalahari Copper Belt. This is a very large land package with the potential to host multiple, large-scale copper silver deposits.

Over the last 18 months, our team has completed the painstaking task of compiling a wide array of exploration data to maximise our chances of drill success. This work has generated more target areas than we anticipated, which is especially positive for the overall potential of the Karakubis Project.

Although we still have further airborne data to process, the targets we have identified are already strong enough to be classed high priority. As such, we have decided to push ahead with drilling.

Our primary objective will be to prove that our target areas cover a copper mineralising system. We had previously reported the identification of favourable structural geology for possible trap zones. If we can now prove that copper mineralised fluids passed through the region our chances of success should increase significantly.

We look forward to the results of the IP surveys to refine final target selection and then to commence drilling in the coming weeks."

[jp2011] 30/5/2024 12:41

KCB is the main value driver

[apotheki] 30/5/2024 11:00

For the record I hold both ARCM for the AA JV and KAV for the potential exploration upside

[apotheki] 30/5/2024 10:55

SP Angel . Morning View . Copper short squeeze fades as COMEX discount narrows

Arc Minerals (ARC LN) – IP survey results used to indicate drill targets in Kalahari in Botswana

Conclusion: This is early stage exploration work which will likely require substantial drilling before any particular conclusions can be drawn.

We would refer investors towards Kavango* which we see as better established and further ahead in its exploration in the Kalahari and we believe has better prospects for discovery in the region.

*See Below

Kavango Resources* (KAV LN) 1.58p, Mkt Cap £25m – Board appointments

· Kavango Resources has appointed Donald McAlister and Alexandra Rose Gorman to its Board and announced that Peter Wynter Bee is to assume the role of Deputy Chairman.

· Mr. McAlister is described as having “years of experience of operating in Zimbabwe and raising funds for many projects” and has previously served as “Finance Director of Mwana Africa plc, Ridge Mining plc and Reunion Mining plc and has served on the Board of Bindura Nickel Corporation and Freda Rebecca Gold mine, both in Zimbabwe”.

· Ms Gorman is a qualified geologist currently working as a mining analyst in London.

· Kavango Resources confirms that “CEO, Ben Turney, has moved to Zimbabwe to lead the business there” and that as “part of the restructuring, Brett Grist and Jeremy Brett will step down from the Company's board of directors with immediate effect. Brett will continue in his roles as Kavango's Chief Operating Officer and Company Secretary, while Jeremy will continue to in his role as a Senior Geophysical Consultant to the Company”.

· Chairman, David Smith, thanked “both Brett and Jeremy for their contributions during their time spent on Kavango's board. They have been instrumental in building the Company's strong presence in Botswana and Zimbabwe”.

· Commenting on the changes Mr. Smith said that “we have decided to restructure the board with a more commercial and strategic focus”.

*An share price Angel Analyst holds shares in Kavango

[paulhopeful] 30/5/2024 10:16

Good restructuring of the board, Both bring financial management experience. Donald Has lead numerous financing of mining ventures, and has significant experience working in Zimbabwe.. good to see he is a shareholder already, Company must be confident in our Zimbabwe Outlook. Alex seems to have many talents, Interestingly, has worked with Dave Catterall in Botswana So has direct experience of the Kalahari Copper Belt. Reassuringly, Peter Wynter Bee Assumes new role as deputy chairman, Looking Good.

[jp2011] 30/5/2024 09:18

If Turney left tomorrow, then KAV is in safe hands

[jp2011] 30/5/2024 09:15

He's invested 600k and I guess looking for 10-20p share price.

[apotheki] 30/5/2024 08:45

For those who understandably have concerns about the current CEO and perhaps also the current Chairman worry not in my view as this gentleman is thankfully clearly taking control of the company....

Peter Wynter Bee [assumes a new role as Deputy Chairman]

[apotheki] 30/5/2024 08:00

About the new directors

Donald brings years of experience of operating in Zimbabwe and raising funds for many projects. He was a founding director and remains on the board of Tertiary Minerals plc.

Previously he was Finance Director of Mwana Africa plc, Ridge Mining plc and Reunion Mining plc and has served on the Board of Bindura Nickel Corporation and Freda Rebecca Gold mine, both in Zimbabwe. He also worked at Enterprise Oil plc, Texas Eastern N Sea Inc. and Cluff Oil Holdings plc. He has over 20 years' experience in all financial aspects of the resource industry, including metal hedging, tax planning and economic modelling.

Donald's experience also includes the economic evaluation of gold and base metal mines and the arranging of project finance for feasibility studies and mine developments.

He was also involved in the listing of Reunion Mining plc on the Luxembourg and London Stock Exchanges and the listing of Ridge Mining on AIM.

Mr McAlister will take on the responsibility of Chairman of the Audit Committee.

Alex trained as a geologist and worked with Dave Catterall in Botswana. She is currently a Mining Analyst at Peel Hunt, covering small and mid-cap mining companies listed in London. Prior to that, Alex worked in BMO's commodities team, and in various analytical and consulting roles at Wood Mackenzie. She brings a wealth of banking and analytical experience.

Donald's and Alex's appointments will take effect following the Company's 2024 AGM which takes place on 6 June.

There are no disclosable matters which need to be announced in respect of Donald or Alex save that Donald holds 725,664 shares in Kavango Resources plc.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on X (formerly Twitter) at #KAV.

[apotheki] 30/5/2024 07:55

Director Appointments & Board Changes

Kavango Resources plc (LSE:KAV), the Southern Africa focussed metals exploration company, is pleased to announce a restructuring of the board to meet the future commercial needs of the Company.

Donald McAlister and Alexandra (Alex) Rose Gorman join the Board and Peter Wynter Bee assumes a new role as Deputy Chairman. Donald brings years of experience of operating in Zimbabwe and raising funds for many projects. He was a founding director and remains on the board of Tertiary Minerals plc. Alex is currently a Mining Analyst at Peel Hunt. Alex originally trained as a geologist and worked previously with Dave Catterall in Botswana.

As part of the restructuring, Brett Grist and Jeremy Brett will step down from the Company's board of directors with immediate effect. Brett will continue in his roles as Kavango's Chief Operating Officer and Company Secretary, while Jeremy will continue to in his role as a Senior Geophysical Consultant to the Company.

David Smith, Chairman of Kavango Resources, commented:

"As Kavango moves towards substantial revenue generation, we have decided to restructure the board with a more commercial and strategic focus. Our CEO, Ben Turney, has moved to Zimbabwe to lead the business there. This is already yielding significant results. In March, Kavango announced its maiden gold resource and moved into gold production. This represents a step-change for the business.

I would like to thank both Brett and Jeremy for their contributions during their time spent on Kavango's board. They have been instrumental in building the Company's strong presence in Botswana and Zimbabwe. Brett has done much to bolster our operational infrastructure and will carry on in his executive role. Jeremy has played a key role in modernising and sharpening Kavango's exploration capabilities and has brought in key senior specialists who have unlocked significant early-stage potential on the KSZ and Ditau projects. Jeremy will continue to consult for Kavango on the same terms.

With the Company now entering a crucial growth period, the board has decided to adopt a less executive and more strategic structure.

To this end, we are delighted to welcome Donald and Alex onto the board. Donald brings a wealth of financial management experience, having acted as finance director for a number of PLCs. He has led numerous successful financings of mining ventures and has significant experience working in Zimbabwe.

Alex, meanwhile, is a well-respected mining analyst for Peel Hunt. Alex brings with her a rare combination of technical geological and financial market experience. Alex completed a site visit to Zimbabwe in early May and has reviewed our progress there. Importantly, Alex also has direct experience of the Kalahari Copper Belt in Botswana, having started her career working for Dave Catterall on the Zone 5 Discovery 10 years ago.

I am delighted that Donald and Alex have agreed to join Kavango as directors. With their appointments, we have strengthened our board substantially. We now move forward into an exciting phase of growth, with even greater confidence."

[paulhopeful] 26/5/2024 21:49

Ben did mention adding an additional Stampmill at Hillside to double production capacity, Guess that wouldn’t be too expensive. Doesn’t take much to envisage the outcome when using higher grade feed. Quick look at gold modular plants, Surprised by the choice, Many suited to fit projects of different sizes and budgets. I wouldn’t call processing 1 million odd ounces of gold, Especially the higher grade Shallow ores small? There would be no rush to sell additional finds If we were lucky enough to get to that point, Surely we would just process until offered a reasonable price for the rest. Gold prices should rise when the fed cuts rates. A find of several million ounces sold at only 30 $ an ounce equals several fold of today’s markets cap, would we sell at that price with our own production facility already available? With perhaps later a gold modular unit? 1,000,000 ounces sold at today’s prices is worth over $2 billion .. Wouldn’t that be a good problem to have?

[jp2011] 26/5/2024 12:24

Developing a mine & processing plant for a 3moz resource would be expensive >$100m. But, Ben has talked about other financing ie forms of debt otherwise Purebond would quickly reach 99% of equity. BT has also talked about a modular plant at Hillside which can be expanded.My gut feel is KAV mining will do the small stuff upto 1m oz resource and the larger deposits will go to Caledonia. If KAV gets anywhere close to 10m oz they will get taken out, there's another big but, a recent deal in Zim valued a 1.3m oz resource at $10/oz which is peanuts vs $2300oz retail. If the economic/political situation in Zim improves & there are signs of change, then perhaps $20-30/oz.